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Starting 29 April 2024, a new administration fee will be introduced for positions held overnight for swap-free accounts on Deriv MT5. Let’s break down the details and explore how to manage them.
How the fee is calculated
This fee is calculated based on the volume of your trades and varies depending on the instrument type.
The calculation formula is:
Admin fee = Fee in USD x Volume in lots
For example, if you hold 2 lots of BTC/USD overnight on your Swap-Free account, your admin fee on the first night after the grace period is over would be (USD 38 x 2 lots) = USD 76.
You can refer to the PDF document for a complete list of admin fees.
Key aspects of Deriv MT5 Swap-Free account’s admin fee
- Grace period: You won’t be charged a fee for holding a position overnight for the first five days on derived instruments and the first fifteen days on financial instruments.
- Daily charge: The fee is applied daily after the grace period until the closure of your position.
- Partial closures: If you have multiple open positions, closing one will not reset fees for the others. Partial closures will be reflected in an adjusted fee.
- No closing fee: No fees will be charged when you close a position.
- Transparent charging: For clarity, the administration fee will be charged directly to your account.
Need more information?
Refer to Deriv’s updated terms and conditions for comprehensive details.