Belize-regulated broker RoboForex said on Monday it has rolled out swap-free trading across all its markets, removing overnight fees on currency pairs and metals.
The broker stated it is not replacing the revenue with higher commissions, a common practice among brokers that offer swap-free accounts and recoup costs through wider spreads or fixed fees.
The feature is available on newly created accounts, meaning existing account holders would need to open a new account to access it. It covers currencies and metals, with other asset classes still subject to standard overnight financing.
“Following a successful test launch last year in several Latin American countries and strong positive feedback from clients, we decided to scale swap-free trading across all our markets,” said Douglas Abreu, LATAM Operations Director at RoboForex.
Swap-free accounts were historically offered to comply with Islamic finance rules prohibiting interest payments, but brokers have been extending them to wider audiences as part of a broader push to compete on total trading costs.
RoboForex has also been promoting low-friction funding conditions, including up to three free withdrawals per month and 0% commission on deposits, according to the company.
