An administration fee may apply to overnight positions on a Moneta Markets swap-free account. Swap-free status does not mean that all products can be held overnight without charges.
When do administration fees apply?
An administration fee may apply when your account has swap-free status and you hold a position overnight on certain instruments. Some instruments qualify for a swap-free period, while others may incur an administration fee from day one.
Who qualifies for the 10-day swap-free period?
The 10-day swap-free facility is available only to eligible clients residing in the following countries:
- Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, the United Arab Emirates, Palestine, Yemen, Sudan, and Turkey.
The facility applies to the following products:
- Forex
- Gold (XAUUSD)
- Silver (XAGUSD)
- Oil
After the 10-day swap-free period, a swap or administration fee will be charged in accordance with the applicable terms. Check the Swap-Free terms applicable to your account before relying on the 10-day facility.
Which forex pairs incur fees from day one?
The following Forex pairs are exceptions to the 10-day swap-free facility and incur an administration or swap fee from day one:
- EURHUF, EURNOK, EURSGD, EURTRY
- GBPSGD, SGDJPY
- USDBRL, USDCLP, USDCNH, USDCOP
- USDHUF, USDIDR, USDINR, USDKRW
- USDMXN, USDNOK, USDPLN, USDSEK
- USDSGD, USDTHB, USDTRY, USDTWD
- USDZAR, USDCZK, EURCZK, USDDKK, EURDKK
When are administration fees calculated and applied?
The administration fee is calculated and applied daily at approximately 00:00 GMT+2 during non-daylight-saving time and 00:00 GMT+3 during daylight-saving time, and posted later, between 01:00 and 02:59 server time.
Where can I check administration fees?
You can review the Administration Fee entries in your trading account history. The administration fee is separate from the position's trading profit or loss.
For a specific Administration Fee or charges review, contact the Moneta Markets trading team at tradingenquiry@monetamarkets.com. Provide your trading account number, order ticket number, product, relevant dates, together with a screenshot of the fee entry where possible.
