Do you know what is called a swap point? FXGT has adopted a swap point free system in 2022. By becoming swap-free, the cost of trading has been changed to zero. This makes it easier to own stocks that had negative swap points between buy and sell until now.
What is swap-free?
Do you know what is swap-free in the first place? A swap point is a fee paid or received when a position is carried over from day to day. Before the introduction of swap-free, many users were dissatisfied because the swap points were set higher than other brokers. However, a swap-free system will be introduced in 2022. This is also clearly stated on the official website. Swap-free makes it easier to hold positions for a long time because there is no cost when carrying over positions to the next day.
Swap-free has been introduced in FXGT are virtual currency, gold, and stock index. Swap points for many stocks, including FX currency pairs, remain unchanged. Therefore, there is not much merit for those who are trading mainly in foreign exchange.
For cryptocurrencies, stocks with high trading volumes and popular stocks are subject to swap-free.
Stock index stocks become swap-free for a limited period of 3 days after execution.
Advantages of swap-free
How will swap-free trading change? These include:
Until now, by carrying over positions across days, swap points could occur and become negative. If it is swap-free, there will be no cost when carrying over positions, so you can buy and sell at any time. And it became easier to hold as a long position across the day.
No weekend payment required
Swap points will not occur for stock index stocks for 3 days after holding a position. Swap points were generated even while the market was closed, but now that they are free, they can be carried over to Monday without generating swap points.
Eligible account type
Swap-free target account types are as follows.
On the other hand, foreign exchange has not become swap-free. Also, swap-free is not introduced for some cryptocurrencies. The following cryptocurrency stocks are not subject to swap-free. Also, please note that Synthetic Pairs are not eligible. Synthetic pairs are stocks that combine cryptocurrencies with products from different markets, such as stock indices and gold.
|DeFi||Chainlink、Wrapped Bitcoin、Ox ZRX、Republic、Uniswap、Synthetix、Crypto.com coin、Aave、Compound、Polygon|