PrimeXBT Introduces New Swap-Free Account Option on MetaTrader 5

PrimeXBT, a regulated multi-asset broker, has announced the launch of a new Swap-Free Account option on MetaTrader 5 (MT5). This option is designed to offer greater flexibility, transparency, and inclusivity for clients.

The new Swap-Free Account option on MT5 provides both new and existing clients with the benefit of trading without overnight interest charges, also known as swaps. Instead, a well-defined administrative fee is applied to account for the cost of rolling over positions. This fee is disclosed in advance and remains fixed, ensuring stability and clarity in trading costs.

Traders can now select either the standard account or swap-free mode when trading an extensive range of instruments on MT5. These instruments include Forex, Indices, and Commodities, as well as Crypto and Stock CFDs. For clients who already have an MT5 account with PrimeXBT, enabling or disabling swap-free mode can be done seamlessly from the MT5 account settings.

For accounts that meet specific activity criteria, they may qualify for Extended Swap-Free Mode. This mode provides further benefits by deferring the administrative fees for up to three days on the majority of instruments that are most frequently traded.

“This update marks another milestone in PrimeXBT’s journey to become a broker that adapts to the evolving needs of its clients. We are constantly striving to provide more choices and introduce client-focused features. In today’s world, there is a strong demand for cost-sensitive strategies and diverse financial preferences. At PrimeXBT, we are committed to offering solutions that align with varying trading styles and values. This is evident in our existing offering of variable spreads, competitive commission rates, and now, the introduction of Swap-Free Accounts.”

This new addition to PrimeXBT’s account portfolio expands the possibilities for traders seeking specific account structures to align with their individual financial strategies.

Swap-free accounts hold particular relevance for traders who adhere to Islamic finance principles. Islamic traders place importance on avoiding interest-based transactions, and PrimeXBT's new account option caters to this need. It also aligns with a broader shift towards greater customisation and flexibility in account management, offering clients more control over their trading costs.

This latest update is part of PrimeXBT’s ongoing commitment to fostering transparency, fairness, and adaptability throughout its trading infrastructure. By providing more customisable account options, PrimeXBT aims to further its position as a forward-thinking broker. The goal is to empower clients with the tools they need, tailored to their values and preferred approaches to trading.