Swap-free
How to verify a swap-free trading account in 20 minutes
Verification is not an act of suspicion, it is the only way the claim becomes knowledge. This is a procedure you can complete in an evening on a minimum-size position, and it converts 'the broker says it is swap-free' into 'my statement shows zero'.
Read our methodology and editorial policy.
Short answer
Send five written questions to support, then run a rollover test: open the smallest position the account allows on each instrument class you actually trade, hold it through the daily rollover, and read the swap or financing line on your own statement. A genuine swap-free account shows zero on every one of them. If any line is non-zero, or any charge scales with nights held, the account is financing your position with interest.
Step 1 — the five questions, in writing
Ask over email or a support ticket, not a phone call, and keep the reply. If a broker will not answer in writing, that is itself the answer.
- Is overnight interest fully removed on this account, or replaced by another charge?
- If replaced, exactly how is that charge calculated — per lot, per night, or per position value?
- Which instruments are covered, and which are excluded? Please send the list.
- Is the status indefinite, or limited to a number of days? What happens when it ends?
- Does the status apply to my country of residence and to this account type?
Step 2 — the rollover test
Fund the minimum the account allows. Open the smallest permitted position on a major FX pair shortly before the daily rollover, typically 5pm New York time, and leave it open through it. The next morning, open your account history and find the swap or financing column for that position.
Zero is the only passing result. A small credit is not a bonus — it is riba paid to you, and it means the account is financing positions with interest.
Step 3 — repeat per instrument class
Do the same on gold, on an index, and on anything else you actually trade. This step is what catches the instrument carve-out, and it is the step everyone skips.
In MetaTrader 5 you can also check the symbol specification per instrument, where the swap mode and rate are shown — a fast pre-check before you commit a position to the test.
Step 4 — the five-night scaling check
If a non-swap administration fee appears, hold the same position size for five nights and compare. A charge that quintuples is interest; a charge that stays flat is a service fee.
Record the figures. If you ever need to raise a correction with the broker, or with us, the statement is the evidence.
What this looks like at Liquid Brokers
Liquid Brokers publishes swap fees as enabled on ECN, VIP, No Commission and Copy Trading accounts, and its minimum documented deposit is $10 — low enough that the rollover test costs very little to run. MetaTrader 5 is available, which is where the per-symbol swap specification can be read.
Its swap-free terms are not published, so for this broker the verification procedure above is not optional diligence — it is the only way to establish what the account actually does.
If you trade this through a broker
Liquid Brokers is our affiliate partner and the broker we document in most depth: a $10 documented minimum, MetaTrader 5, 300+ instruments. Swap-free status is not automatic — its own account table lists swap fees as enabled on all four standard accounts, so request the status in writing and verify a zero financing line before you fund.
Frequently asked questions
How long does verification take?
One rollover for the basic test — open a minimum position before 5pm New York time and check the statement the next morning. Add a few more nights if you want to test whether a replacement fee scales.
What should the swap line read?
Exactly zero, on every instrument you trade. A debit means you are paying interest; a credit means you are receiving it. Neither is acceptable.
Can I verify before depositing?
Partly. You can ask the five questions in writing and read the symbol specifications on a demo account. But a demo does not prove what a live account charges, so the live rollover test is the one that settles it.
What if support gives a vague answer?
Ask again with a specific number: 'on a 0.01-lot EURUSD position held five nights, what is the total non-spread charge?' A broker that cannot answer that has not made a verifiable claim.
Does the test need a large position?
No. The smallest position the account allows is enough, because you are testing whether the charge exists, not how big it is.