This article explains the swap-free eligible stocks and trading account types of FXGT, an overseas FX company. Do you know what swap points are? FXGT adopted a swap point free system in 2022. By becoming swap-free, the cost of trading has been changed to zero. This has made it easier to hold stocks that previously had negative swap points for buy and sell.
FXGT Basic Information
| Operating company | GT Global Ltd. |
| Head office location | Republic of Seychelles |
| Financial services provided | FX, CFD (crude oil, gold, stock index, commodities, etc.), virtual currency trading, etc. |
| Leverage | FX currency pairs: up to 5,000x Cryptocurrency: up to 1,000x |
| Trading Platform | MetaTrader 4 (MT4) MetaTrader 5 (MT5) FXGT’s proprietary web |
| Account Type | Standard Account ECN/Pro Account Crypto Max |
| Bonus Promotions | New account opening Deposit bonuses and limited-time promotions |
| Financial License | Seychelles Financial Services Authority (FSA) Financial Services Commission of South Africa (FSCA) Vanuatu (FSC) |
| Safety and reliability | Separate management Partial compensation system and insurance enrollment |
| Stop loss and margin calls | No margin calls (negative balance requests) (zero cut) |
The Basic Concept of Swap-Free FXGT
We will explain the basic concept of FXGT’s swap-free system in an easy-to-understand manner, even for beginners.
What is swap-free?
In standard FX trading, “swap points” (interest differentials) are incurred when a position is carried over to the next day.
In contrast, with a swap-free account (or swap-free conditions), this interest is not paid or received.
👉 This system ensures that swaps are zero regardless of the number of days held.
The Basic Concept of FXGT’s Swap-Free System
FXGT’s swap-free system is primarily offered for the following purposes:
Religious Considerations (Islamic Accounts)
Islamic finance prohibits interest (riba).
Therefore, interest-free trading, or swap-free trading, is necessary.
FXGT offers accounts and conditions based on this concept.
For Long-Term Traders
For those who hold positions for several days to several weeks
→ Eliminating swap costs is a major benefit.
Important Features of FXGT’s Swap-Free System
FXGT’s swap-free system is not unconditional.
✔ Key Points to Note
Eligible products may be limited (e.g., FX currency pairs, gold, cryptocurrencies, etc.)
Fees may be incurred after a certain number of days.
Rules to prevent abuse are in place. (Arbitrage trading aimed at swaps is prohibited.)
👉 This does not mean “completely free for any number of days.”
FXGT Swap-Free Eligible Stocks
FXGT’s swap-free eligible stocks vary depending on the account type (e.g., PRO account, ECN account) and the type of stock. Generally, swaps are not incurred until the first certain number of days of holding.
📌 1. FX (Foreign Exchange) Currency Pairs
PRO Account: Swap-free for the first 6 days from entry
(Mainly for currency pairs other than JPY)
ECN Account: Swap-free period available (depending on account terms)
Example: Major/minor currency pairs such as EUR/USD and GBP/USD (please check the official website for pairs and terms)
📌 2. Stock Index CFDs
Swap-free period available (depending on account)
Examples of representative stock indices:
Nikkei Stock Average (JP225)
Dow Jones Industrial Average (US30)
NASDAQ (US100)
S&P 500 (US500)
FTSE 100 (UK100)
DAX (GER40), CAC40 (FRA40), etc.
(※Actual applicable days and target indices may vary by account.)
📌 3. Precious Metals (Gold, etc.)
Gold (XAUUSD): Swap-free (initial period)
Silver (XAGUSD): Swap-free in some cases (limited time, etc.)
📌 4. Energy CFDs
Crude Oil (USOil, UKOil), Natural Gas (NGAS), etc.: Swap-free (some, limited time)
📌 5. Crypto (Crypto CFDs & Synthetics)
With PRO accounts, some major cryptocurrencies are swap-free (e.g., BTCUSD, BTCJPY, ETHUSD, ETHJPY, XRPUSD, etc.)
Synthetic products are also swap-free (some products are eligible)
Details of eligible currency pairs and rules vary by account type, so please check.
The Pros and Cons of Swap-Free Trading
We’ll summarize the pros and cons of swap-free trading offered by platforms like FXGT, so you can understand when it’s actually useful.
✅ Advantages of Swap-Free
① No carryover costs
Normal: Swaps occur every day (often negative)
Swap-Free: No interest charges even for longer holding periods
👉 Particularly advantageous for gold, indexes, and cryptocurrencies
② Compatible with medium- to long-term trading
Simple cost calculations even for swing trades lasting from a few days to a few weeks
Purely target price fluctuations
③ Safe even with negative swaps
Sell high-yield currencies
Buy gold
Long stock indexes
👉 Psychologically and practically easier, even for trades where swaps would normally be unfavorable
④ Islamic account compatibility (no interest)
Trading is possible even for those who wish to avoid interest for religious reasons
Financially “clean” trading conditions
❌ Disadvantages of Swap-Free
① Time Limits
FXGT
The standard is “swap-free for the first x number of days”
After this period,
Regular swaps
or other holding fees apply
👉 Not “forever free”
② Limited availability of eligible instruments
Not all currency pairs and CFDs are eligible
Varies by account type
👉 Check the eligible list beforehand
③ Strict anti-abuse rules
Arbitrage trading aimed at swaps
Unauthorized use of long and short positions
These may result in restrictions, invalidation, or account review.
④ Spreads and fees may be wide
In exchange for no swaps,
Slightly wide spreads
Holding fees apply
👉 Total costs must be considered
Swap-Free Instruments
We have compiled a list of instruments and cases where swap-free trading is not available at FXGT. This information is based on official information and multiple explanatory articles.
① NFT Instruments / DeFi Instruments
FXGT does not offer swap-free trading for NFT and DeFi crypto assets.
Examples: CHILIZ, Aave, Chainlink, Crypto.com Coin, etc.
👉 Even popular crypto assets incur swaps for NFT/DeFi instruments.
② Synthetic Pairs (Part of FXGT)
Please note that synthetic pairs (composite pairs of cryptocurrency x stock index/precious metals, etc.) may not be eligible depending on your account type.
*However, there is information that Standard+ accounts and other accounts may be eligible for swap-free trading in some cases (depending on account conditions).
③ Holding Gold, Silver, and Stock Indexes for a Certain Period
If a position is held beyond the swap-free period, regular swaps will apply.
*The number of days varies depending on your account type, so please check the official website before trading.
④ Energy Stocks (Not Eligible for ECN Accounts, etc.)
In ECN Zero accounts, energy stocks (USOil, UKOil, NGAS) may not be eligible for swap-free trading.
⑤ Some FX Currency Pairs: Not Eligible or Limited by Period
Some currency pairs may not be eligible for swap-free trading, or may only be eligible for a short period.
In particular, there have been reports of “cross-yen pairs (e.g., GBP/JPY)” being excluded.
Costs of Swap-Free Trading with FXGT
We’ve put together a clear summary of the costs (fees) incurred when trading swap-free with FXGT, including the actual system and important points to bear in mind. 👇 Trading foreign exchange and stocks carries risk, so avoid high capital losses and compare stocks before investing.
Admin Fee
In exchange for free swaps, an admin fee may be charged after a certain number of days.
For example, at FXGT, you can see the following examples officially for a swap-free account:
| 銘柄カテゴリ | スワップフリー期間 | 期間超過後の管理手数料例 |
|---|---|---|
| FXメジャー | 7日間 | 3 USD／日 |
| FX JPYペア | 2日間 | 10 USD／日 |
| FXマイナー | 7日間 | 5 USD／日 |
| 貴金属 | 7日間 | 7 USD／日 |
| エネルギー/株価指数 | 7日間 | 5 USD／日 |
Spreads
Even with swap-free trading, FXGT generally incurs a cost based on the spread (the difference between the bid and ask prices) for each trade.
The spread varies depending on the currency pair and product.
ECN accounts offer narrower spreads, but incur additional commissions.
👉 This is a separate “trading cost” from the swap-free option.
Commissions (Trading Fees)
Even though a “swap-free account” itself does not require swaps,
ECN Zero accounts incur a fee per lot per trade (e.g., $3 per one-way transaction).
In other words, even if no swaps are required, a “trading fee” must be paid for accounts with a swap-free period.
Standard Swaps After Swaps
Standard swaps will be incurred once the swap-free period expires.
FXGT also incurs standard swap points for each account type and product. For example, standard swaps may be incurred for energy CFDs and metals products.
Other Indirect Costs
Even with a swap-free system, you may still incur the following costs:
Inactive Account Fee: A monthly fee may be charged if no trades are made for a certain period of time (e.g., $20 + $10/month for 90 days or more).
Currency Conversion Fee: A fee charged if the settlement currency differs from the trading account currency (FXGT may not explicitly state this, but currency conversion may have an impact).
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