Here is a summary of XS (XS.com)'s swap-free policy (verified in August 2026. Please be sure to check the official website for the latest terms and conditions).
[Conclusion] The eligibility criteria for XS’s swap-free feature vary depending on the trader’s country or region of residence. For traders in eligible regions, including Japan, the swap-free feature will be automatically applied to their FX accounts starting in June 2024, with no application required. A swap-free period ranging from 1 to a maximum of 10 days is set for each instrument, allowing you to trade without swap costs for short- to medium-term positions.
Overview of XS Swap-Free Accounts
| Item | Contents |
|---|---|
| Eligibility Requirements | FX accounts held by traders in eligible regions (including Japan) are automatically swap-free (no application required). Eligibility varies depending on the trader's country of residence. |
| Eligible Stocks | Major Currency Pairs, Gold, Silver, Stock Indices, Cryptocurrencies, Crude Oil |
| Swap-Free Period | Varies by instrument, ranging from 1 day to a maximum of 10 days (e.g., 2 days for USDJPY and BTCUSD, etc.) |
| After the period has elapsed | Standard swap points are accrued |
Important Points to Note About Swap-Free Accounts
The time period varies by stock.
The number of days for which swap-free trading applies is specified in detail for each security category and symbol. Please check the number of applicable days for the securities you plan to hold in advance on the Member Page or the official website.
Swap rates are typically applied to long-term holdings
If you hold a position beyond the swap-free period, standard swaps will apply. For long-term swing trading, please check the swap rates in the instrument specifications on MT4/MT5 before holding a position.
The Relationship Between Swap-Free and Cashback
Since REBATE ONE's cashback is based on trading volume, trades subject to swap-free conditions are also eligible for cashback. Because XS uses an auto-rebate system (automatic crediting), the cashback is credited directly to your trading account. The combination of low spreads, swap-free trading, and cashback allows you to significantly reduce your effective costs.
Please check the XS official website for the latest terms and conditions.
FAQ
Do I need to apply or set anything up?
This is not necessary. FX accounts held by traders in the applicable regions will automatically be set to swap-free.
Are trades made during the swap-free period eligible for cashback?
This applies to you. Since the rebate is based on trading volume, the presence or absence of swaps does not affect the rebate.
Related Information
- XS Cashback Rate and Details
- The Complete Guide to Leverage on XS
- Summary of XS Withdrawal Methods
- What Is FX Cashback?
FAQ
Do I need to apply to qualify for swap-free trading?
This is not necessary for traders in the eligible regions. It will be automatically applied to your FX account. Eligibility varies by country of residence, so please check your member page.
What happens once the swap-free period ends?
If you hold a position beyond the period specified for each security (1 day to a maximum of 10 days), standard swap points will accrue.
Where can I check the applicable number of days for each stock?
You can check this information on the XS member page and official website, as well as on the instrument specifications screen in MT4/MT5.
