PipFarm has introduced a swap-free account option, adding a new feature to its challenge-based funding model.
PipFarm has introduced a swap-free account option, adding a new feature to its challenge-based funding model.
PipFarm has introduced a swap-free account option, adding a new feature to its challenge-based funding model.
The firm said the swap-free add-on is now available to traders who want to avoid overnight financing charges. Swap-free accounts are commonly used by traders seeking Shariah-compliant structures or those who prefer not to pay or receive interest on positions held beyond a trading day.
According to PipFarm, the new option does not involve a reduction in leverage. The firm stated that the same leverage parameters will apply as with its standard accounts. The swap-free structure also extends across all instruments offered by the firm, including indices and energy products, rather than being limited to selected asset classes.
PipFarm added that commissions will not be increased for traders who opt for the swap-free model. Positions may also be held over the weekend under the new structure, in line with the firm’s existing holding policies.
Moreover, the swap-free feature is offered as an add-on to the firm’s trading challenge accounts. Traders who choose the option will pay an additional 10% on top of the standard challenge fee.
Prop trading firms typically evaluate traders through structured challenges before allocating funded accounts. Within this model, account features such as leverage, drawdown limits, and trading conditions are central to trader participation decisions. The addition of a swap-free structure broadens the account configurations available to participants.
So, PipFarm’s announcement positions the feature as suitable for traders focused on longer holding periods, simplified cost structures, or religious considerations tied to interest-based charges.
PipFarm operates as a proprietary trading establishment managed by James Glyde, who is a former cTrader executive with a vast range of experience within the proprietary trading firm industry. PipFarm encourages traders to participate in their unique funding opportunity and utilize their capital. Entry into the trading community is through a rigorous yet fair evaluation process. Upon exhibiting competency, traders are ready to manage funded accounts, effectively kickstarting their trading careers.
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