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Islamic Accounts

Swap-free service is particularly designed for traders, the religious beliefs of whom do not allow the usage of the interest rates of world currencies in their trading.

Account with swap-free service are also called «Islamic account», the main peculiarity of which is the absence of accrual and write-off of swaps, calculated based on credit rates of national central banks.

Swap-free terms and conditions:

  1. Swap-free is available only for the following account types: Classic+, DirectFX, xPRIME;
    It is not available for PAMM accounts.
  2. Swap-free is available only for Muslim clients from the limited list of countries, where Islam is the state and/or the predominant religion;
  3. Swap-free is valid for a limited list of trading instruments: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USDSGD, XAUUSD (Gold), XAGUSD (Silver). For all the other instruments swaps are calculated and accrued in the standard mode;
  4. It is strictly prohibited to use any trading strategies aimed (directly or indirectly) at making a profit from the difference in interest rates (carry trade);
  5. For deals which are open more than 2 days, the company charges a fixed commission for all days during the deal was opened. Commission is fixed and determined as the value of 1 point of the deal in US dollars, multiplied by the swap points of the currency pair in the deal;
  6. The Company reserves the right to refuse the provision of the swap-free service any time and debit the swaps for all days during the deal was opened in case of violation of the conditions.

How to "Enable Swap-Free" in the account:

  • First, login to your Personal Area;
  • From the “My Accounts” tab, click on the “My Trading Accounts” sub-menu;
  • In this section, the list of your trading accounts is displayed. Please find the account for which you want to activate the Swap-Free service and click on the setting sign on the left side;
  • In the opened window, select "Enable Swap-Free" option. With this action, Swap-Free service will be activated in your trading account.