diff --git a/ui/app/ducks/swaps/swaps.js b/ui/app/ducks/swaps/swaps.js
index bd029d4ef..d67e8c994 100644
--- a/ui/app/ducks/swaps/swaps.js
+++ b/ui/app/ducks/swaps/swaps.js
@@ -23,6 +23,7 @@ import {
   setSwapsLiveness,
   setSelectedQuoteAggId,
   setSwapsTxGasLimit,
+  cancelTx,
 } from '../../store/actions'
 import {
   AWAITING_SWAP_ROUTE,
@@ -705,6 +706,7 @@ export const signAndSendTransactions = (history, metaMetricsEvent) => {
     // transactions that get published to the blockchain only to fail and thereby
     // waste the user's funds on gas.
     if (!approveTxParams && tradeTxMeta.simulationFails) {
+      await dispatch(cancelTx(tradeTxMeta, false))
       await dispatch(setSwapsErrorKey(SWAP_FAILED_ERROR))
       history.push(SWAPS_ERROR_ROUTE)
       return
diff --git a/ui/app/store/actions.js b/ui/app/store/actions.js
index 0dd31dc9f..9cf6196d8 100644
--- a/ui/app/store/actions.js
+++ b/ui/app/store/actions.js
@@ -1048,9 +1048,9 @@ export function cancelTypedMsg(msgData) {
   }
 }
 
-export function cancelTx(txData) {
+export function cancelTx(txData, _showLoadingIndication = true) {
   return (dispatch) => {
-    dispatch(showLoadingIndication())
+    _showLoadingIndication && dispatch(showLoadingIndication())
     return new Promise((resolve, reject) => {
       background.cancelTransaction(txData.id, (error) => {
         if (error) {