Trade smarter with CoinProp, the crypto prop firm offering truly Swap-Free accounts for swing traders. Eliminate hidden overnight fees and predatory spread widening. Experience a transparent trading environment with the lowest fees and stable execution, maximizing your crypto profits.
The Mystery of the 5:00 PM Fee
Have you ever checked your trading dashboard and noticed a small, unexplained deduction from your balance right around 5:00 PM New York time? You didn’t open a new trade, and you didn’t hit a stop-loss… so where did the money go?
That, my friend, is the swap.
For many new traders, this fee is a silent profit killer. But what if you could trade without it? In this guide, we will break down exactly what a Swap-Free account is, why traditional brokers charge it, and how CoinProp is revolutionizing the industry with the lowest fees and a truly transparent trading environment.
In simple terms, a Swap is the cost (or sometimes a credit) of holding a trading position overnight. It happens because you are trading leveraged products.
Think of it like paying rent. When you open a leveraged position, you are essentially borrowing money from the broker to control a larger amount of an asset. If you hold that money past the daily cutoff point (usually 5:00 PM EST), the broker charges you interest based on the rate difference between the two currencies or assets you are trading.
A swap-free account is exactly what it sounds like: CoinProp simply turns off the overnight interest ticker.
Whether you hold a position for one night, three weeks, or two months, you do not pay that specific interest fee.
Who is This For?
Traders who hold positions for days or weeks. For them, avoiding swaps is a strategic necessity to stop fees from eating into their profit margins.
Originally designed as "Islamic Accounts" to comply with Sharia law, which prohibits earning or paying interest (Riba).
In many traditional CFD crypto prop firms, "Swap-Free" sounds like a discount, but it is often just a restructuring of costs. They have to make that money back somehow. Here is how they usually do it:
CoinProp operates differently. We believe in total transparency.
Lowest Fees in the Industry: We don't hide costs. Our fee structure is the most competitive in the crypto prop firm space.
No Hidden Commissions: What you see is what you get.
Stable Spreads: Unlike other firms where spreads go wild at night, CoinProp maintains stability, ensuring your risk management calculations stay valid 24/7.
The Mathematics of the Swap
Let’s break down the math. Imagine you’re a swing trader and you catch a beautiful trend on Bitcoin or another major altcoin.
You hold the position for 3 weeks.
Scenario A (Standard Account): You make a $1,000 profit on the price movement. However, the negative swap was accumulating every single night. After 21 days, you might have paid $200 in swap fees. You lost 20% of your profit just for holding the trade.
Scenario B (Swap-Free): You make $1,000. You keep $1,000 (minus the standard low commission).
Let me tell you a quick story from my early days of trading.
I had been trading for years, and I prided myself on discipline. I would get a new account, read every single rule, and memorize the terms of service. But I kept getting surprised.
There was one specific trade, a Long position I was holding overnight. The market wasn't moving much, so I wasn't worried. But when the market rollover time hit, two things happened:
Suddenly, a trade that was breaking even was deep in the red. It messed with my head. Emotionally, I felt challenged. The logical part of my brain said "close it," but the emotional part said, "Wait, the market didn't move, this is just a fee, it will come back."
Because I was dealing with a hidden variable I hadn't accounted for, I froze. I held the losing trade too long and took a massive hit. That is the danger of hidden costs, they destroy your psychology.
At CoinProp, we removed this "unknown enemy." You will never be surprised by hidden overnight fees or predatory spread widening.
Crypto is volatile. In traditional CFD firms, this volatility leads to massive swap rates. If you’re trading BTC, ETH, or altcoins on a standard platform, holding a position for even a few days becomes incredibly expensive.
CoinProp is built for the crypto market. We understand that crypto moves fast and sometimes needs room to breathe. Our Swap-Free accounts allow you to ride the volatility of Altcoins without worrying about the clock ticking at 5:00 PM.
This is a game-changer. CoinProp utilizes the CPX unified system.
If we hadn’t built our own independent and proprietary infrastructure at CoinProp, long-term trades would be exposed to problems caused by relying on external platforms, issues completely outside the firm’s control. That could mean unexpected trade closures, liquidity interruptions, or technical delays. But the CPX system eliminates those risks. It’s engineered to be robust and seamless, ensuring your multi-day and multi-week positions stay open, stable, and protected without technical glitches.
Finally, to truly support a stress-free trading environment, CoinProp has NO time limits on passing challenges.
Take your time.
Wait for the perfect setup.
Hold your trades as long as necessary using our Swap-Free account.
Trading is hard enough without your firm working against you. Whether you prefer swap-free trading for religious reasons or simply want to protect your profits from overnight fees, a swap-free account is an essential tool.
To see how this infrastructure cuts overnight leaks across all account types, you can explore the CoinProp complete guide to understand how we maintain the lowest fees in the industry, zero hidden costs, and the stability of the CPX system. Stop renting your trades. Own them with CoinProp.
