Veo Markets offers two types of swap-free structures:
- Extended Swap-Free (EXT) – available to non-Islamic countries
- Islamic Swap-Free – available to eligible Islamic clients
Both types are granted upon request and subject to approval.
1. Extended Swap-Free (EXT)
Extended Swap-Free is available to clients residing in non-Islamic countries.
It provides swap-free trading for selected instruments and under specific trading behavior conditions.
Swap-Free Instruments (EXT)
No swap is applied overnight for the following instruments:
- EURUSD
- GBPUSD
- NZDUSD
- XAUUSD
- XAGUSD
- USOUSD
- UKOUSD
- DJIUSD (DJI30)
- SPXUSD (SP500)
- NASUSD
- DAXEUR (D40EUR)
- BTCUSDT
- ETHUSDT
For all other instruments, standard swap charges apply.
The swap-free period and conditions are agreed between the Client and Veo Markets.
Maintaining Extended Swap-Free Status
Swap-free level is determined by trading activity.
To maintain Extended Swap-Free status, clients are expected to:
- Trade primarily intraday
- Keep overnight positions limited
- Avoid strategies designed to exploit swap conditions
Trading behavior is monitored via algorithmic review.
If trading activity changes significantly, the account may be reclassified.
2. Islamic Swap-Free Account
Islamic Swap-Free accounts are available to eligible clients residing in Islamic countries and adhering to Shariah financial principles.
Under Islamic Swap-Free:
- All instruments are swap-free
- No swap is applied
- No day limit applies
Approval is subject to documentation and internal review.
Swap-Free Status Review & Reclassification
Swap-free level may change based on trading activity.
- A client may qualify for Extended status based on behavior.
- A client may also be reclassified to a standard account with swap charges if activity does not meet program requirements.
Swap-Free Status Abuse
Veo Markets reserves the right to take action in cases of misuse or abuse of swap-free conditions.
In such cases, the company may:
- Remove swap-free status from all trading accounts
- Apply swap charges to open and future positions
- Retroactively apply swap fees based on applicable rates
- Reclassify the account to standard conditions
Swap-free status may be discontinued at any time at the company’s discretion.
Important Notice
Swap-free accounts are designed to accommodate specific financial and religious requirements. They must not be used for arbitrage or exploitation of swap-related pricing differences.
If you would like to request a Swap-Free account or need clarification regarding eligibility, please submit a request through the Veo Markets Support Center.