No interest on contracts that last more than 24 hours
We offer swap-free trading accounts to clients who cannot use swaps due to their religious beliefs. Forex Islamic accounts, also known as swap-free accounts, imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
The swap-free option is available on both SquaredPro and SquaredElite account types.
What is an Islamic Account
Islamic (swap-free) accounts have exactly the same trading terms and conditions as our regular trading account types. The only difference is that there are no swaps on trading instruments.
Before you apply for a swap-free account, make sure that you have read and understood, and that you comply with our Terms & Conditions (part A, section 7) for the Islamic Account.
Supported Swap-Free Trading Symbols
EURUSD |
AUDUSD |
GBPUSD |
NZDUSD |
USDCAD |
USDCHF |
USDJPY |
AUDCAD |
AUDCHF |
AUDJPY |
AUDNZD |
CADCHF |
CADJPY |
CHFJPY |
EURAUD |
EURCAD |
EURCHF |
EURGBP |
EURJPY |
EURNZD |
GBPAUD |
GBPCAD |
GBPCHF |
GBPJPY |
GBPNZD |
NZDCAD |
NZDCHF |
NZDJPY |
XAUUSD |
Benefits
No hidden costs
Leverage up to 1:500
No additional rollover commissions for a contract longer than 24 hours
Multilingual customer support
How to open an Islamic account
The swap-free account can be chosen as part of the trading account registration in 3 easy steps:
1
Register
Register for a SquaredFinancial account
2
Verify
Verify your email address
3
Fund
Request an Islamic account from the Client Portal
