An administration fee is a flat charge applied to positions held overnight on a swap-free (Islamic) account, in place of the swap fee that applies to standard accounts.
When the Fee Applies
The fee applies when all of the following are true:
- Your account is a swap-free (Islamic) account
- You hold an eligible position overnight (past 00:00 server time).
No fee is charged if the position opens and closes within the same trading day.
Which Products May Have an Administration Fee?
Administration fees depend on the product:
- Major Forex pairs, Gold, Oil and Silver: Generally no swap or administration fee applies.
- An administration fee may apply to certain currency pairs, including but not limited to the following: EURHUF, EURNOK, EURSGD, EURTRY, GBPSGD, SGDJPY, USDBRL, USDCLP, USDCNH, USDCOP, USDHUF, USDIDR, USDINR, USDKRW, USDMXN, USDNOK, USDPLN, USDSEK, USDSGD, USDTHB, USDTRY, USDTWD and USDZAR.
- Indices, Commodities, Stocks and Crypto CFDs: These products do not incur swap charges on swap-free accounts, but an administration fee may apply.
Important Conditions
- It replaces swap. You are never charged both on the same position.
- It is always a charge. Unlike swap, which can be positive, the administration fee is only ever deducted.
- It accumulates daily. If a position is held five nights, it is charged five times.
- Admin fee appears separately in your account history, apart from your trading profit and loss.
- Not every product is affected. Check the fee schedule before holding a product overnight.
