Swap-free account
Also called: Islamic account
An account that does not charge or pay overnight interest, often offered as an Islamic account. Brokers may charge a fixed fee instead.
Related terms
Swap (rollover)
Interest paid or earned for holding a position overnight. It…
Balance
Your account value from closed trades, deposits and withdrawals,…
Broker
The firm that gives you access to the market, holds your funds and…
Cent account
An account denominated in cents, so balances and lot values are…
Commission
A fixed fee per lot charged by some account types, usually…
Contract for difference (CFD)
A derivative that pays the difference in an asset’s price between…