What is Swap?
Swap refers to the interest rate differential between the currencies in a currency pair when holding a position overnight. It represents the cost or reward of keeping a position open beyond the trading day's close.
All Blueberry clients are now eligible to apply for swap-free accounts. There are no longer any restrictions based on faith, religion, location, or region. Clients are not required to provide any certificate of faith or religious documentation to access this feature. Swap-free status is available to all eligible accounts in line with our current account offerings and terms.
Important Notes:
If approved for a swap-free account, you can choose which account you would like to convert to a swap-free account. If you have Raw (Direct) accounts, they will essentially become Standard.
There are associated administrative charges for swap-free accounts, as outlined here.