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Is Alpha Capital Swap Free?
The Simple Answer
No, Alpha Capital is not swap free. Any position held overnight pays or receives a swap, also called rollover or overnight interest, and this applies across forex, gold, indices, commodities, and crypto. There is no swap free account option on any plan, and a triple swap is applied on Wednesday to account for the weekend. Holding overnight itself is allowed on every plan, so the swap is simply the cost of carrying a trade into the next trading day.
Swap Overview
Breakdown by Instrument
Forex
Currency pairs held past the daily rollover pay or receive a swap based on the interest rate differential between the two currencies. The direction of your trade decides whether it is a credit or a charge. Alpha Capital does not waive it, so forex positions carried overnight are never swap free.
Gold
Gold is treated like any other leveraged instrument. Holding it overnight applies the swap set for that symbol, and there is no swap free gold option, so every night a gold position is open it accrues rollover interest.
Indices
Index positions held overnight carry a swap for the symbol you are trading. The charge or credit is applied at the daily rollover and is not removed, so indices are not swap free on any Alpha Capital plan.
Commodities
Commodities such as oil apply a swap when held past the rollover, the same as other instruments. Alpha Capital offers no swap free commodity option, so overnight commodity positions always accrue swap.
Crypto
Crypto positions are also subject to swap when carried overnight. Even though crypto trades around the clock, Alpha Capital still applies a rollover charge or credit at the daily cut-off, so crypto is not swap free either.
How Swaps Work at Alpha Capital
Swap applies automatically on every plan
Swap is charged or credited automatically whenever a position is held overnight, across Alpha Pro, Alpha One, Alpha Three, and Alpha Swing, in both the evaluation and the funded stage. There is no swap free or interest free account to switch on.
Overnight holding is allowed
There is no separate overnight hold restriction. You can carry positions into the next trading day on any plan, and the swap is simply the cost of doing so. The only stage-based holding limit is the weekend rule, which differs by plan.
Triple swap on Wednesday
A triple swap is applied on Wednesday to account for the weekend rollover, so a position open over Wednesday night accrues three times the usual swap.
Where to check the swap
Swap values are set per symbol and can be viewed in the MT5 Specification on desktop or Properties on mobile, where they are quoted in points rather than in dollar terms.
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Final Comments
Alpha Capital is not a swap free firm. Every instrument, from forex and gold to indices, commodities, and crypto, accrues a swap when held overnight, with a triple swap on Wednesday. There is no swap free account to opt into, and the charge applies on every plan and stage. Overnight holding itself is allowed, so if your strategy carries trades for several days, factor the nightly swap into your costs. You can see the exact swap for any symbol in the MT5 specification before you trade.
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FAQ
Is Alpha Capital swap free?
No. Positions held overnight pay or receive a swap across forex, gold, indices, commodities, and crypto, and there is no swap free account.
Does Alpha Capital offer a swap free account?
No. Alpha Capital does not offer any swap free or interest free account option on any plan or stage.
Which instruments are swap free at Alpha Capital?
None. Forex, gold, indices, commodities, and crypto all accrue a swap when held overnight.
When is triple swap charged at Alpha Capital?
On Wednesday, to account for the weekend rollover. A position open over Wednesday night accrues three times the usual swap.
Can I hold trades overnight on Alpha Capital?
Yes. Overnight holding is allowed on every plan, you simply pay or receive swap. Weekend holds differ by plan, so check the weekend holding rule.
Where can I check Alpha Capital swap rates?
In the MT5 Specification on desktop or Properties on mobile, where each symbol’s swap is shown in points.