Swap-Free Account
A swap is an interest fee that is either paid or charged at the end of each trading day, based on the interest rate differential between two currencies in an open position.
Under Islamic law, engaging in activities that involve interest (riba) is prohibited. To accommodate this, Islamic Forex Accounts, or Swap-Free Accounts, were introduced.
The Swap-Free Account, also known as the Islamic Account, offers the same profitability as other account types. The key difference is that there are no interest fees associated with holding positions overnight.
* These accounts are designed to provide Forex trading services to Muslim traders, enabling them to carry forward open positions to the next trading day without incurring interest fees.
For more information about the Swap-Free Account, please contact our Customer Representative.
Low Spread
Interest-Free Investment
