Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith. We offer our Islamic accounts to clients following the Muslim faith.
How to Open a Forex Islamic Account
The swap-free option can be chosen as part of the trading account registration in 3 easy steps:
1: Open a trading account with us
2: Login to the Members Area and validate your account
3: Request An Islamic Account
As soon as our relevant department receives your request, your trading account will receive swap-free status and you will be notified by email accordingly. Please note that we reserve the right to revoke the swap-free status granted to any real trading account in the event of any form of abuse.
Account Features at a Glance
No interest/swap charges on overnight positions
No spread widening
No up-front commissions
Positions can be held with no time limit
No re-quotes, no hidden costs
Leverage up to 500:1
100% real-time market execution
Same trading conditions as for our trading account types
Free and instant access to all trading platforms
24/5 dedicated support from your Client Account Manager
The Forex Islamic accounts differ greatly from those generally offered by other forex brokers. The difference lies in the fact that unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, we impose no additional charges.
In order to abide by the religious law of Islam, traders of Islamic belief are forbidden to pay interest. However, if the interest charge is transferred to a different type of fee, it is basically still a charge that covers the interest. This is also known by the name of swap-free in disguise. We are firmly against such practices as it opposes to fair and ethical trading conditions.
Risk Disclaimer : Forex, Stocks, Options, Binary options, and Future trading can have large potential rewards, but also has large potential risks. You must be aware of the risks and be willing to accept them in order to invest in the stock, binary or futures markets. Don’t trade with any capital you can’t afford to lose especially with leveraged instruments such as Forex trading, futures trading or binary options trading. This signal subscription service is neither a solicitation nor an offer to Buy/Sell stocks, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our account. The past performance of any trading system or methodology is not necessarily indicative of future results. You could lose all of your capital quickly due to poor market trading conditions, mechanical error, emotional induced errors, breaking news or earnings releases. We do NOT guarantee that you will make profit with our Forex signals. We do NOT offer any refund on our Pro Signal packages.