A Complete FAQ on VT Markets Swap-Free Account

    by VT Markets
    /
    May 14, 2025

    Are you considering a swap-free trading account due to religious reasons or personal preferences? VT Markets offers a dedicated Swap-Free account designed to provide fair, transparent access to global markets—without swap interest charges. Below is everything you need to know about how it works, who it’s for, and the fees involved.


    📌 What is a VT Markets swap-free account?

    A swap-free account at VT Markets is a standard CFD trading account that does not incur overnight swap or rollover interest fees. This type of account is commonly used by traders of the Muslim faith, as it complies with Islamic finance principles. However, an administration fee may still apply.


    📌 Do swap-free accounts come with zero fees?

    Not entirely. While there are no swap charges, VT Markets applies an administration fee to cover the costs associated with holding open positions overnight. These fees are in place because liquidity providers charge VT Markets for such services, and VT Markets passes this cost on transparently.

    Note: In specific countries and regions, VT Markets offers swap-free accounts with zero administration fees. Please contact our support team to check if you qualify.


    📌 What type of spreads are charged?

    Clients with a swap-free account are charged Standard STP spreads or may opt for RAW ECN spreads, depending on their account setup. These spreads are identical to what traders on regular accounts receive, ensuring fairness across the board.


    📌 Why is there an administration fee?

    The administration fee is a necessary cost to maintain your trading positions overnight. Liquidity providers typically charge VT Markets to keep trades open after market hours. VT Markets, acting as an agent (Wakil), collects this fee and applies it to your account as per the agreed terms.


    📌 Is this administration fee compliant with Islamic finance?

    Yes. The VT Markets swap-free account is structured according to Islamic principles. The broker acts as a Wakil (agent), managing trades and collecting a clearly stated administration fee based on a pre-signed mandate. The trading itself falls under Bay’ al-Sarf (currency exchange), which is permissible.


    📌 Who can apply for a VT Markets swap-free account?

    This account is available to Muslim traders who cannot engage in interest-based transactions due to their faith. While the account is inclusive, VT Markets reserves the right to approve or decline swap-free status based on eligibility.


    📌 How can I open a swap-free account?

    You can open a swap-free account by registering through VT Markets’ standard sign-up process. Simply select the swap-free option during account creation.

    If you’re applying from a region eligible for zero admin fees, contact our support team to ensure you’re covered.


    📌 Can I receive any loan from VT Markets to trade?

    No, VT Markets does not offer any loans or credit to clients. All trades are executed on a margin basis, where liquidity providers offer the trading line and VT Markets facilitates the transaction.


    📌 Are the spreads and fees fair?

    Absolutely. The spreads and administration charges on VT Markets’ swap-free accounts are industry-standard and reflect the operational costs borne by the broker. There are no hidden fees or interest mark-ups applied.


    📌 How do I deposit funds into my swap-free account?

    After your account has been approved, simply log in to your VT Markets Client Portal, choose your deposit method, and follow the guided steps to fund your account securely.


    📌 How is my money protected?

    VT Markets keeps your funds segregated in top-tier banks, ensuring full transparency and compliance. Funds allocated to swap-free accounts are also ring-fenced separately from conventional accounts to uphold Islamic financial ethics.


    📌 Are swap-free accounts really compliant with Shariah law?

    Yes, the structure has a clear Shariah basis:

    • Wakalah (Agency): VT Markets manages accounts and charges admin fees based on an agreement.
    • Qardh (Loan): VT Markets handles fund arrangements with liquidity providers.
    • Bay’ al-Sarf: All trading complies with currency exchange rules under Islamic law.

    Clients only interact directly with VT Markets—not with the liquidity providers—making the process straightforward and ethically sound.


    🤝 Check Your Eligibility for VT Markets Swap-Free Account

    VT Markets’ swap-free account provides an inclusive solution for traders who wish to avoid interest-based charges while still accessing global markets. With transparent pricing, Shariah compliance, and world-class platform support, it’s a suitable choice for those seeking ethical trading alternatives.

    💬 Need help or want to check your country’s eligibility? Reach out to our customer support anytime. We’re here to assist you.

    [email protected] / + 27 101412968

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