Everything You Need to Know About FNmarkets Swap-Free Trading Accounts
Overnight swap charges may seem insignificant, but they can quickly add up when positions are held for days or weeks. At FNmarkets, both our Standard and RAW Accounts are permanently swap-free across more than 100 instruments, with no swap charges or administrative fees.
Whether you're a swing trader holding positions overnight or simply prefer predictable trading costs, swap-free accounts offer a simpler way to trade CFDs without worrying about overnight interest.
In this guide, we'll explain what a swap-free trading account is, how it works, the benefits it offers, the FNmarkets swap-free account types, and how to open one.
Key Points
FNmarkets Standard and RAW accounts are both permanently swap-free across 100+ instruments.
There is no time limit and no admin fee, unlike brokers that begin charging after five to seven days.
What Is a Swap-Free Trading Account?
A swap-free trading account is a trading account that removes overnight swap charges. You can still go long or short, use the same trading platform, and access the same markets. The only difference is that overnight positions do not incur swap charges or receive swap credits.
If you're unfamiliar with swaps, here's what you need to know. A swap is an overnight interest adjustment that is either charged or credited to an open trading position.
When you trade a currency pair, you are effectively borrowing one currency to buy another. Each currency carries its own interest rate. The gap between those two rates decides whether you pay a swap or receive it.
The adjustment is applied at the daily rollover, commonly 5 pm New York time. Most brokers also triple the charge on Wednesdays to cover the weekend.
How Do Swap-Free Accounts Work?
The broker removes the interest adjustment on overnight positions, so nothing is posted to your position.
Everything else stays the same, including the MT5 platform, order types, leverage, and available markets.
You can hold positions overnight without incurring swap charges while using the same trading platform, leverage, and instruments.
You can easily verify whether your account is swap-free. Open the Terminal window in MT5 and look at the Swap column on any position you have held overnight. If it shows 0.00, that means your trading account is swap-free.
What Is the Difference Between a Standard and a Swap-Free Account?
The primary difference is how overnight positions are treated. Standard accounts apply swap charges or credits, while swap-free accounts remove those adjustments. A standard account applies swap charges or credits on overnight positions, while a swap-free account doesn't.
What do brokers do to replace that lost revenue? Many charge an admin or holding fee instead, typically starting after five to seven days, which means long holds are still penalized. Others limit swap-free trading to a short list of instruments or exclude commodities entirely.
But FNmarkets does neither. There is no admin fee and no time limit, and it is available across 100+ instruments, including commodities.
Why Choose a Swap-Free Trading Account?
Swap-free trading accounts remove a variable trading cost that is determined by interest rate differentials rather than your trading strategy.
Here are core reasons why a trader might choose a swap-free trading account:
No overnight swap charges, of course. Your trading costs remain predictable because overnight interest charges are removed. Holding a position overnight won't incur additional swap charges, regardless of how long you keep it open.
Interest-free trading for any reason. Some traders need this to meet religious obligations. Others simply prefer a fixed cost model.
Real flexibility on holding periods. Swing and position traders can let a trade play out over weeks without incurring a daily charge, quietly working against it.
FNmarkets Swap-Free Account Types
FNmarkets offers two swap-free accounts. Both are swap-free with no admin fee. The difference is how you pay for execution.
Swap-Free Standard Account
Built for traders who want one visible cost and nothing else to calculate.
Key features:
Spreads from 0.8 pips
No commission
$50 minimum deposit
Leverage up to 1:500
MT5 platform
100+ instruments
Who it suits: Beginners, swing traders, and anyone who prefers one cost. With no commission and no swap fee, your cost per trade is only the spread. That makes position sizing and profit targets easier to work out before you click buy.
Swap-Free RAW Account
Built for traders who love tight spreads.
Key features:
Spreads from 0.0 pips
$7 commission per lot
$50 minimum deposit
Leverage up to 1:500
MT5 platform
100+ instruments
Who it suits: Scalpers or pro traders often prefer Raw Accounts because they offer tighter spreads. Active traders often prefer RAW Accounts because spreads start from 0.0 pips. Depending on your trading volume, paying a commission may be more cost-effective than trading with wider spreads.
How to Open a Swap-Free Trading Account with FNmarkets
Opening an account with FNmarkets is simple and takes only a couple of minutes.
Choose Standard or RAW and sign up using your personal details. Decide based on how you trade.
Verify your account. Upload proof of identity and proof of address. Verification protects your funds and unlocks withdrawals.
Fund and start trading. The minimum deposit is $50, and there are 120+ payment methods available, with no deposit or withdrawal fees.
Why Trade CFDs with FNmarkets?
A great trading strategy is only part of the equation. Once you're ready to trade in the live market, real trading conditions can make a significant difference to your results. That's why FNmarkets is designed to provide transparent pricing, competitive trading conditions, and the tools you need to trade with confidence.
Here is what you will get from trading CFDs with FNmarkets.
Competitive spreads: From 0.0 pips on RAW and 0.8 pips on Standard, with no swap fee.
Fast execution: Helps reduce the likelihood of slippage during periods of market volatility.
MT5 platform: Full native MetaTrader 5 on desktop, web, and mobile, with EAs, custom indicators, and multi-timeframe analysis.
Demo and live accounts: Test a strategy in a demo environment before going to the live market.
24/7 human support: Real people rather than chatbots, available whenever the market is open.
There are also no deposit, withdrawal, or inactivity fees, so your balance is not reduced while you wait for a setup.
Conclusion
Swap is an overnight interest adjustment that many traders overlook. While the cost may seem small, it can accumulate over time when positions are held overnight.
By removing swap charges, the cost of holding a trade becomes more predictable. You can decide how long to keep a position open based on your trading strategy, not on overnight fees. With FNmarkets, both Standard and Raw Accounts are permanently swap-free across more than 100 instruments, with no administrative fees or holding limits.
If you're ready to trade with greater flexibility, FNmarkets offers MT5, more than 120 payment methods, and 24/7 customer support to help you get started.
FAQs
Who can open a swap-free account with FNmarkets?
Any trader who opens a Standard or RAW account. Both account types are permanently swap-free, so there is no separate application, no eligibility form, and no requirement to document a religious reason for requesting it.
What is the difference between the Swap-Free Standard and Swap-Free RAW accounts?
Pricing structure. Standard offers spreads from 0.8 pips with no commission. RAW offers spreads from 0.0 pips with a $7 commission per lot. Both are swap-free, both require a $50 minimum deposit, and both run on MT5.
Are there any additional fees on swap-free accounts?
No. There is no administrative fee, no holding fee, and no time limit on how long you can keep a position open. This differs from many brokers, which apply a daily admin charge once a trade has been open for five to seven days.
Do swap-free accounts have wider spreads?
Not at FNmarkets. Swap-Free Standard starts at 0.8 pips, and Swap-Free RAW starts at 0.0 pips; the same pricing applies across the range. Some brokers widen spreads to offset lost swap revenue, so it is worth comparing the spread table before you choose a broker.
