Is Deriv Swap Free

Deriv has established itself as a reliable broker in the trading space, consistently providing traders with essential tools and services for a smooth trading environment.

With numerous trading assets available, most traders are likely to find options that suit their needs. However, traders unfamiliar with Deriv often ask, “Is Deriv swap free?”

This question may stem from their interest in opening a swap-free account on the platform. To get a clear answer about whether Deriv offers swap-free trading, continue reading this article.

We’ll explore the available account types and trading conditions to address this common query, helping potential users understand what Deriv has to offer in terms of swap-free options and how it might affect their trading experience.

IS DERIV SWAP FREE

Deriv offers four account types:

1. Standard

    Spreads: From 0.1 pips

    Commission: No

    Min. deposit: $10

    Assets: Financials, Derived Indices

2. ZERO Spread

    Spread: From 0 pips

    Commission: Yes

    Min. deposit: $10

    Assets: Financials, Deriv Indices

3. SWAP Free

    Spreads: From 0.3 pips

    Commission: No

    Min. deposit: $10

    Assets: Financials, Deriv Indices

4. Financials

    Spread: From 0.2 pips

    Commission: No

    Min. deposit: $10

    Assets: Financials

This information is current at the time of writing. For the most up-to-date details, please check Deriv’s official website.

DOES DERIV OFFER SWAP FREE ACCOUNT?

Yes, they do, let me break it down for you as a fellow trader would.

So, you’re asking about swap-free accounts on Deriv? Yeah, they’ve got ’em. It’s pretty handy if you’re looking to hold positions overnight without worrying about those pesky swap fees eating into your profits.

Here’s the deal: Deriv offers these accounts for forex and other financial instruments. It’s great for traders who follow certain religious principles or just don’t want to deal with swap calculations.

You know how it is – sometimes you spot a sweet long-term trend and don’t want swap charges messing with your strategy.

Now, keep in mind that while you’re dodging the swap fees, these accounts might have slightly different conditions.

You know how brokers are – they gotta make their money somehow. So, you might see some differences in spreads or other fees.

As for minimum deposits and exact spreads, I’d suggest checking Deriv’s site or giving their support team a shout. These things can change, and you want the latest info before jumping in.

Oh, and good news – you can use these swap-free accounts on MT5 or Deriv’s platforms. Flexibility is always nice, right?

Bottom line: if you’re keen on swap-free trading, Deriv’s got you covered. Just do your homework on the current terms before diving in. Happy trading!

WHAT IS SWAP FREE?

SWAP Free is a type of trading account that doesn’t involve interest charges or credits for holding positions overnight. Here’s what you need to know:

1. Regular trading accounts:

    Usually charge or pay interest (swap) for positions held open overnight

    This is due to the interest rate difference between the two currencies in a forex pair

2. SWAP free accounts:

    Don’t charge or pay interest for overnight positions

    Designed for traders who prefer not to deal with daily interest calculations

3. How it works:

    Instead of interest, brokers might charge a fixed fee for positions held longer than a certain period

    Or they may widen the spread slightly to compensate for the lack of swap charges

4. Benefits:

    Simplifies trading by removing daily interest calculations

    Allows traders to hold positions for longer without worrying about nightly fees

5. Considerations:

    May have higher spreads or other fees to offset the lack of swap charges

    Not all brokers offer swap free accounts

    Terms and conditions can vary between brokers

For beginners, SWAP Free accounts can be attractive because they remove one layer of complexity from trading.

However, it’s important to understand all the terms and potential fees associated with these accounts before choosing one.

DERIV SWAP CALCULATOR

Understanding Overnight Fees for Synthetic Assets.

When trading synthetic assets, it’s important to be aware of overnight fees, also known as swap charges. These fees apply to positions held open beyond the daily cut-off time.

Here’s a simplified explanation of how these charges work:

Calculation Method:

The overnight fee is determined using this formula:

Overnight Fee = (Trade Size × Asset Value × Annual Swap Rate) ÷ 360

Let’s break it down with an example:

Imagine you’re trading the Volatility 75 Index:

Your trade size is 0.01 lots

The asset’s current value is $400,000

The annual swap rate is -7.5%

Plugging these numbers into our formula:

(0.01 × $400,000 × -7.5%) ÷ 360 = -$0.83

This means you’d pay $0.83 per night to keep this position open.

Key Points to Remember:

A negative swap rate results in a fee you pay.

A positive swap rate would mean you receive a credit instead.

The fee is calculated daily but applied to your account in a single weekly payment.

This straightforward approach helps you anticipate costs for holding positions overnight, allowing for more informed trading decisions.

Note: This information is based on details provided on the Deriv website. Always check the most current terms and conditions, as fees and calculation methods may be subject to change.

DERIV SWAP RATE

Let’s talk about overnight costs in forex trading, often referred to as swap rates.

These are charges or credits that come into play when you hold a position past a certain time of day, typically in the late evening.

Imagine you’re renting a fancy car. If you keep it for longer than agreed, you might have to pay extra. Forex trading works similarly.

When the clock strikes close to midnight GMT, any open trades you have might incur a fee or, in some cases, earn you a small bonus.

Now, these overnight rates aren’t the same for all currencies or financial instruments. They can vary quite a bit, much like how different car models might have different overtime charges.

The exact amount depends on several factors, including which day of the week it is and whether there are any special occasions like bank holidays.

It’s worth noting that these fees or credits aren’t applied instantly at the cutoff time.

Instead, they’re usually tallied up and settled in your account once a week, kind of like a weekly bill for your extended trading ‘rentals’.

Understanding these overnight costs is crucial for traders, especially if you’re planning to hold positions for more than a day.

They can add up over time and impact your overall trading results, so it’s wise to factor them into your strategy.

Always check the current rates for the specific assets you’re trading, as they can change based on market conditions.

DERIV REAL ACCOUNT REGISTRATION MT5 GUIDE

1. Visit the Deriv website.

2. Click the “Create free account” button, usually located at the top right corner.

3. Enter your email address and create a strong password.

4. Select your country of residence from the dropdown menu.

5. Confirm you’re at least 18 years old by checking the box.

6. Click “Create account”.

7. Check your email for a verification link and click it.

8. Once verified, log into your new account.

9. Complete your personal information (name, address, date of birth, etc.).

10. Choose your account type (e.g., Standard, Financial).

11. Select your preferred currency.

12. Upload necessary identification documents for verification.

13. Wait for account approval (usually within 1-3 business days).

14. Once approved, fund your account using one of the available payment methods.

15. Start trading!

Easy-Peasy.

IS DERIV SWAP FREE ON MT5?

YES, Deriv offers four account trading types and one of them is the swap free account.