Key Takeaways
- VT Markets offers swap-free accounts with no overnight swap charges.
- A Shariah-compliant trading environment for Muslim traders.
- Small administrative fees may apply, depending on the region.
- Access to forex, commodities, indices, and CFDs with no interest-based charges.
- Standard STP or RAW ECN spreads available for swap-free accounts.
Are you considering a trading account that aligns with your religious beliefs or personal preferences? VT Markets offers a Swap-Free account for fair and clear access to global markets. It has no 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 Swap-Free Account?
A swap-free account is a type of trading account offered by VT Markets, designed for traders who are unable to pay or receive interest on overnight positions due to religious beliefs, such as Islam, or for those who prefer an interest-free structure when holding positions for several days.
Who Can Use VT Markets Swap-Free Accounts?
Swap-free accounts were first made for traders who follow Islamic finance rules. They also suit traders who hold positions for many days without interest charges. This gives a clear and predictable cost structure.
Specifically, swap-free accounts are suitable for:
- Muslim traders seeking Shariah compliance
- Swing traders holding positions overnight
- Position traders holding trades for days or weeks
- Traders who want a predictable cost structure
- Traders who prefer no interest-based rollover adjustments
Swap-Free vs Standard Trading Account: What are the Differences?
| Feature | Standard Account | Swap-Free Account |
|---|---|---|
| Overnight Swap | Applied | Not Applied |
| Admin Fee | No | May Apply |
| Spreads | STP / ECN | STP / ECN |
| Best For | Short-term traders | Long-term holders |
Key Features, Benefits, and Fees of VT Markets Swap-Free Accounts
The following table shows an overview of the benefits of opening a swap-free account with VT Markets:
| Feature/Benefit | Description |
|---|---|
| No Swap Fees | Unlike traditional CFD accounts, swap-free accounts do not apply overnight swap charges to positions held past the daily rollover. |
| Small Administrative Fee | While no swap fees are charged, a minimal administrative fee may apply, linked to the cost of maintaining open positions with liquidity providers. |
| Shariah Compliance | These accounts are specifically structured to meet Shariah law principles, offering a transparent and interest-free trading environment for Muslim traders. |
| Costs | VT Markets applies Standard STP spreads or RAW ECN commissions on swap-free accounts, depending on the type of account selected. |
| Administrative Fees | We charge a small admin fee to keep positions open. The fee varies by region, and some countries have no admin fees at all.Please note: The administrative fee applies to all accounts, but only in specific countries and regions are clients eligible for zero admin fees. |
At VT Markets, swap-free trading is available across two core pricing models: Standard STP and RAW ECN. This lets traders choose the structure that fits their strategy, skill level, and trading volume, while keeping a no-swap setup.
Both options provide:
- No overnight swap charges
- Access to global CFD markets
- Transparent pricing
- The same execution quality as standard accounts
The key difference lies in how spreads and commissions are structured.
Standard STP Swap-Free Account
The Standard STP Swap-Free account offers a simple, spread-only pricing model.
Key Features:
- No commission fees
- Competitive variable spreads
- No overnight swap charges
- Suitable for beginners and professional traders
- Straight-through processing (STP) execution
With this structure, trading costs are built into the spread. No additional per-lot commissions make it easier for traders to calculate costs upfront.
This account type is particularly suitable for:
- New traders
- Traders placing moderate trade sizes
- Swing traders holding positions for several days
- Traders who prefer a simplified cost structure
RAW ECN Swap-Free Account
The RAW ECN Swap-Free account provides access to institutional-grade spreads combined with a transparent commission model.
Key Features:
- Ultra-tight spreads from 0.0 pips
- Fixed commission per lot
- No overnight swap charges
- Direct market pricing via ECN model
- Designed for high-volume or experienced traders
Instead of slightly wider spreads, traders pay a fixed commission per lot traded. This structure is often preferred by:
- Active traders
- High-frequency traders
- Algorithmic traders
- Professional or high-volume traders
For traders who focus on tight spreads, especially in volatile markets like gold or major forex pairs, the RAW ECN model offers clearer costs.
Which Swap-Free Option Should You Choose?
| If You Prefer | Consider |
|---|---|
| Simplicity and no commission | Standard STP Swap-Free |
| Tight spreads and commission-based pricing | RAW ECN Swap-Free |
Step-by-Step Guide to Opening a VT Markets Swap-Free Account
Opening a swap-free account with VT Markets is fast and straightforward. Follow these simple steps to get started:
Step 1: Access the Account Opening Page
- Visit the official VT Markets homepage: www.vtmarkets.com/
- Click on the Trade Now button located at the top of the page.
Step 2: Fill Out the Registration Form
Provide the following details to set up your account:
- Country of Residence: Choose your country from the dropdown menu.
- Registration method: Enter your email address or phone number.
- Password: Create a strong password using these requirements:
- 8–16 characters
- At least one uppercase letter (A-Z)
- At least one lowercase letter (a-z)
- At least one number (0-9)
- At least one special character (!@#$%^&*.)
- Referrer ID (optional): If referred by someone, enter their ID here.
- Confirm Eligibility: Tick the box confirming you are not a U.S. resident.
- Click Create Account to proceed.
Step 3: Verify Your Email Address/ Phone Number
If you register using a phone number, you will be asked to link your email address after registration.
Enter your email address and tap Send OTP.
Enter your login password and tap Send OTP again for security verification.
You will receive an OTP sent to your linked email address and key in the OTP to complete the verification process.
Step 4: Continue to Account Verification
After completing the registration process, you will be directed to the Home page.
Tap Verify Identity to start the identity verification process.
Then click start verification.
Step 5: Confirm Your Country of Residence
Confirm your country of residence by choosing All other countries except the one(s) below.
Then tap Continue.
Step 6: Fill Up Your Personal Details
Fill up your personal details including:
- Name
- Date of Birth
- Nationality
Once done, tap continue.
Step 7: Select your issuing country and document type
Next, choose the country that issued your document.
Then, select the type of document you would like to use for verification. This may include options such as an identity card, passport, or driving licence, depending on your region and availability.
Step 8: Upload Your Verification Document
Follow the on-screen instructions to upload your chosen document.
For example, if you select passport, make sure the image is clear and all details are visible before clicking Continue.
Step 9 : Wait for Document Review
After submitting your document, VT Markets will review your information and uploaded files.
The review process may take some time. During this stage, your account status may show that it is under review or being processed.
Step 10: Reupload Documents If Required
If your verification is not approved, you may be asked to reupload your document or provide a different document type.
To reduce the chance of rejection, make sure:
- Your document image is clear
- All corners of the document are visible
- The details match the information entered in the app
- The document is valid and not expired
- There is no glare, blur, or obstruction
Once the updated document is resubmitted, your account will return to the review stage.
Step 11: Open trading account
Once your identity verification is completed, you can proceed to open a trading account.
Go to the Account section from the left navigation bar, then click Open Account to create a new trading account.
Step 12: Select Your Trading Platform
Next, choose the trading platform you would like to use.
Depending on availability, you may be able to select from options such as:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- Copy Trading
Choose the platform that best suits how you plan to trade.
Step 13: Choose Your Account Type
After selecting your platform, choose your preferred account type that include swap-free.
Different account types may suit different trading needs, experience levels, and trading styles. Review the options available in the app before making your selection.
For more information about account types, you may refer to the following guides:
- The Complete Guide to the VT Markets Raw ECN Account
- The Ultimate Guide to the VT Markets Standard STP Account
- What Is a Trading Cent Account — and Why Many Beginners Start Here
Step 14: Select Your Preferred Account Currency
Next, choose your preferred account currency.
This will be the currency used for your trading account balance, deposits, withdrawals, and account calculations where applicable.
Note: The most common currency is USD. It is recommended to select the currency based on the product traded, or your country of residence for lower conversion costs
Step 15: Create Account Password
Set up your account password, tick the checkbox to agree to the Terms and Conditions, then click Submit to continue.
Step 16: Account Created
Once your account is created, you can view your account details under the Account section.
Step 17: Complete Residence Verification
To unlock all features including withdrawal, you are required to complete residence verification.
- Go to Profile > Verification.
- Tap Verify Now
You will be redirected to the verification page, then click Start Verification to continue.
Step 18: Confirm Your Country of Residence
Next, confirm your country of residence.
If you are not a resident of the United States, select All other countries except the one(s) below and click Continue.
Step 19: Review Your Personal Information
Please review your personal information again . This may include your country, first name, last name, and middle name, where applicable.
Make sure the details are accurate and match the document you will use for verification.
Click Continue once the information is complete.
Step 20: Upload Your Proof of Address
Next, upload a document that shows your residential address.
Accepted document types may include:
- Valid ID document with address details
- Bank documents issued within the last 6 months
- Utility bills issued within the last 6 months
- Government-issued documents issued within the last 6 months
Supported file formats may include JPG, PNG, HEIC, WEBP, or PDF, subject to the file size limit shown in the app.
Make sure the document clearly shows your name, address, and issue date where required before submitting it.
Step 21: Wait for Residence Verification Review
After submitting your proof of address, VT Markets will review your information.
The review process may take some time. During this stage, you may see a verification screen while the check is being completed.
Step 22: Reupload Documents If Required
If your verification is not approved, you may be asked to reupload your document or provide a different document type.
To reduce the chance of rejection, make sure:
- Your document image is clear
- All corners of the document are visible
- The details match the information entered in the app
- The document is valid and not expired
- There is no glare, blur, or obstruction
Once the updated document is submitted, your account will return to the review stage.
Once completed, you can proceed with making a withdrawal from your account.
For Existing Clients: Open an Additional Swap-Free Account
1. Navigate to the Live Accounts tab. Click the “Open Account” button located at the top right corner.
2. Under Account Configuration, select your preferred platform:
- MetaTrader 5 (MT5) – Popular choice, supports more instruments and advanced features
- MetaTrader 4 (MT4) – Classic trading platform
- Copy Trading – For following strategy providers
3. Under Choose account type, select one of the Swap-Free options. You will see several account categories. Look specifically for those labelled “Swap-Free.”
Available Swap-Free options may include:
- Standard STP Swap-Free
- RAW ECN Swap-Free
- Cent STP Swap-Free
- Cent ECN Swap-Free
4. Select your account currency.
Note: The most common currency is USD. It is recommended to select the currency based on the product traded, or your country of residence for lower conversion costs.
5. Click Submit. We will process your application as soon as possible.
6. Once the account has been approved, you will receive an email confirmation and will be able to view it on the Client Portal.
7. Start adding funds and trading.
How Trades are Managed with VT Markets’ Swap-Free Account
With VT Markets’ swap-free account, trades are executed in the same manner as regular CFD trading accounts. All trades are sent to liquidity providers. This ensures full transparency and execution at real market prices. This approach guarantees that your trading exposure is real and in line with Shariah principles (Qabdh).
Funds and Shariah Compliance
VT Markets ensures that funds in swap-free accounts are segregated and ring-fenced in Shariah-compliant accounts. These funds follow Islamic financial principles, and safeguards are in place to ensure full compliance with these rules.
Frequently Asked Questions
Does VT Markets Provide Loans for Swap-Free Accounts?
No, VT Markets does not provide loans. Instead, liquidity providers facilitate margin trading and charge an administration fee that clients pay.
What Time Are Administration Fees Applied to Swap-Free Account?
Administration fees are calculated at 00:00 platform time for all open positions. They are applied between 1:00 AM and 2:59 AM platform time.
How Can I Deposit Funds Into My Swap-Free Account?
Once approved, you can deposit funds via the Client Portal using your preferred method. Detailed deposit options are available in your VT Markets account.
How Long Can I Hold Positions in a Swap-Free Account?
There is no fixed limit on how long you can hold positions in a swap-free account. While you won’t pay interest, a daily administrative fee usually applies for any trade held past the rollover time. These costs accumulate daily, making this account type a predictable option for long-term swing or position traders.
Is There Any Difference in Execution Between Swap-Free and Standard Accounts?
No. Swap-free accounts offer the same execution quality, price feeds, and liquidity as standard accounts. The only difference is the fee structure for overnight positions.
All trades are executed at real market prices, with spreads and commissions determined by whether you choose a Standard STP or RAW ECN pricing model.
Disclaimer: Regional restrictions may apply. Product specifications, trading conditions, and platform features are subject to VT Markets’ Terms and Conditions.
