How does it work?

DCFX Swap Promo Program is dynamically determined by the trading activity level of the customer (Trading activity). This level is achieved by dividing the total trading volume of the last 7 calendar days by the sum of this volume including the overnight volume.
*The sum of all liquidated orders.
**Total number of overnight days multiplied by the lot volume of positions held overnight.
Note: The trading volume does not include Stock CFDs.
Trading activity is calculated daily at settlement time and the swap-free status is determined by the swap-free level as illustrated below:
Swap-free level Required trading activity Swap-free status
Advanced 25% and above No swap*
Regular Below 25% Charge
Swap-free level for the next 7 calendar days depends on your trading activity over the previous 7 days. Trade actively to enjoy this program!
Note: To maintain the advanced swap-free level, it is recommended to trade more within the day and hold fewer overnight positions.
Swap-free instruments
No swaps for:
Majors FX: EURUSD, AUDUSD, GBPUSD, USDCAD, USDCHF, USDJPY, NZDUSD
Minors FX: EURJPY, GBPJPY, AUDJPY
Metals: XAUUSD, XAGUSD
Trading in Futures contracts is swap-free and liquidated volumes are included to generate the account swap-free activity level.
Swaps are charged for all other currency pairs not listed above and Stocks CFDs.
All new customers are automatically upgraded to the advanced swap-free level to enjoy the first 7 calendar days of swap-free trading. Start trading now!

Examples of trading activity calculation

Example 1
Over the last 7 calendar days, a trader opened 60 lots, closed 50 lots the same day, and kept the remaining 10 lots overnight.
Opening trade volume* 60 lots
Partial closing trade volume* 50 lots
Overnight open volume* for 1 day 10 lots
Total trading volume* 110 lots
Total trading and overnight volume* 120 lots
Trading activity: 110 / 120 * 100% = 92%
Applicable swap-free level: Advanced
Your advanced swap-free level will continue for the next 7 calendar days. Keep trading without incurring overnight swap fees!
*The trading volume does not include Stock CFDs.
Example 2
Over the last 7 calendar days, a trader opened a position of 10 lots and kept it for 7 days before it was closed.
Opening trade volume* 10 lots
Closing trade volume* 10 lots
Overnight open volume* for 7 days 70 lots
Total trading volume* 20 lots
Total trading and overnight volume* 90 lots
Trading activity: 20 / 90 * 100% = 22%
Applicable swap-free level: Regular
Over the next 7 calendar days, your status will be downgraded to Regular swap-free level. Please note that regular overnight swap fees become applicable during this period.
*The trading volume does not include Stock CFDs.

Terms and conditions

Swap Promo Program Policy
1. Customers are refrained from misusing the "Swap Promo Program” to seek profit from price arbitrage, interest rate arbitrage or any other manipulative strategies that are detrimental to the company and/or to other brokers. In the event of suspicion of abuse and misuse of the Swap Promo Program, the company has the right unilaterally and without explanation or reason and without prior notice to the customers to:

1.1 Disqualify the customers and terminate his Swap Promo Program.

1.2 Charge back all the past swap fees that were not charged during the swap-free period.

2. In the formula for calculating trading activity, the equation is:

Trading Activity = (Trading Volume / (Trading Volume + Overnight Volume)) x 100%

Where:

Trading volume is the sum of the lot volumes for both open and closed positions. Overnight volume is calculated as the total number of overnight days multiplied by the lot volume of positions held overnight.

3. The company has the right to reject a customer for the Swap Promo Program.

4. The company reserves the right to terminate and/or change the terms and conditions of the "Swap Promo Program" with prior notice to the customers.

5. The customers are solely responsible for checking the swap rates and the swap fee calculation according to their holding open position in their trading account. The swap rates reflected in the account are based on percentage. Please note that the swap amount is different from the swap percentage because of the different methods used in the calculation.

FAQ

What is swap?
A swap in forex refers to the interest that you either earn or pay for a trade that you keep open overnight. The swap is the interest rate differential between the two currencies of the pair you are trading, and it is calculated according to whether your position is long or short, pip value, product type, transaction size, and swap type.
How to join the DCFX Swap Promo Program?
Start trading and you'll be automatically enrolled as the program kicks off.
Which DCFX accounts are eligible for the Swap Promo Program?
Swap Promo Program is eligible for both DCFX STANDARD and ZERO accounts.
How to calculate this 7-day period? When does the calculation start?
Example:

Client A opened a real account on 25 Oct 2023. He opened his first real trade on 26 Oct 2023 (regardless of the exact time). Therefore, its initial swap-free period runs from 00:00:00, 26 Oct 2023 to 23:59:59, 1 Nov 2023.

The subsequent period is from 00:00:00, 2 Nov 2023 to 23:59:59, 8 Nov 2023.
How do I know which instruments are swap-free?
Swap Promo Program waives swap fees for overnight orders. Learn more about the eligible swap-free trading instruments:

No swaps for:

- Majors FX: EURUSD, AUDUSD, GBPUSD, USDCAD, USDCHF, USDJPY, NZDUSD

- Minors FX: EURJPY, GBPJPY, AUDJPY

- Metals: XAUUSD, XAGUSD

Swaps are charged for all other minor currency pairs not listed above and Stocks CFDs.
How do I check if my DCFX account is swap-free?
Your swap-free level is displayed in your Account General and will be updated automatically. See how much you've saved in trading costs with the swap-free feature.
How can I review the swap fees on my account?
Regardless of whether the client's swap-free level is 'Advanced' or 'Regular', the swap amount displayed on MT4, DCFX SuperApp, and WebTrader is 0.

Clients can view detailed swap charges for specific orders via the DCFX SuperApp or on our website, under the 'Swap' section in the Account Management's general tab.

Note: Under the advanced swap-free level, the swap charges for swap-free instruments are set to 0, regardless of being positive or negative. This means that you will not incur any swap fees, regardless of the position's direction.

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