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Caitlin: Hello zamri, and welcome to FOREX.com UK. May I have your User ID (Account Number) or email address to better assist you?
zamri: XXXXXXXXXXXXXXXXXXXXXX
zamri: recently i opened new account
zamri: and applied for swap-free account
zamri: could i re-confirm that my account has been converted to swap-free account?
zamri: before I start to deposit
Caitlin: I would be happy to assist you with that.
zamri: i receive e-mail that account succesfully opened
zamri: but no status for swap-free
Caitlin: One moment please.
zamri: ok
Caitlin: Your account has been activated as an Interest Free account. 
zamri: i see
zamri: that's great
zamri: good to hear tha
zamri: i have a question with swap-free account
Caitlin: Sure. 
zamri: as far as I know i will not get any interest either positive or negative swap value
Caitlin: That is correct, since it is an interest free account. 
zamri: let say, the swap value for selling AUD/USD, 100,000 trade size is negative (-)$10.00 per roll over day
zamri: and I hold this selling position around 10 posts (bringing to 1,000,000 trade size) with -$100 swap per day for 3 months
Caitlin: You will not be subject to that since you have an interest free account. 
zamri: thus bringing total swap value 90 days x $100 = -$9,000 total
zamri: does forex.com applies some commission on it?
zamri: because, when i read the agreement, it said like this
zamri: "fee"
zamri: could you help to open interest-free account form
zamri: and take a look at paragraph 2
zamri: not very clear about that clause
Caitlin: That is correct, you are not subject to interest but you are subject to some commission. 
zamri: could you elaborate more about this commission
zamri: so, i'll have better understanding
zamri: you might used my previous example , AUD/USD , with -$100/day swap value
Caitlin: One moment please.
zamri: ok
Caitlin: You will be charged $2.50 for every mini lot and $25.00 for every standard lot kept open after 5:00 pm EST.  
zamri: do you mean, it is fixed amount regardless the currency pair?
Caitlin: That is correct. 
zamri: so, in above case, AUD$ commissioned is $250 for 1M trade size?
Caitlin: Yes. 
Caitlin: If it is kept open after 5:00 pm EST. 
zamri: but, if I go to non-swap , the value is -$100
zamri: which is much more saver than swap-free
Caitlin: That depends on the interest rate differential. 
zamri: how about if I hold buy AUD/USD which have +ve swap, $10 per day
zamri: in this case, +$100 per day for 1M trade
zamri: does forex.com give me $250 ?
zamri: or charge me $250?
zamri: please advise
Caitlin: For an interest free account you will be charged $2.50 for every mini lot and $25.00 for every standard lot kept open after 5:00 pm EST.
zamri: so, it means regardless positive or negative value of swap, it is still chargeable (deducting from my account)? Am I right?
Caitlin: That is correct. 
zamri: i see
zamri: one last question
zamri: let say i buy and sell at same time, does commission double?
zamri: hedging
Caitlin: It counts for any position open, so if you are hedging and have two positions open you are charged for each position. 
zamri: i see
zamri: thanks for above explanation and confirmation
zamri: that's all my questions for today
zamri: have a nice day, caitlin!
Caitlin: You're welcome.
Caitlin: Thank you for visiting. Should you have further questions or comments please do not hesitate to call us at 0800 032 1948, internationally t +44 (0) 20 7429 7900, or email at ukinfo@forex.com.