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 on the MT4 platform.
Benefits
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. However, a handling charge applies for holding exotic currency pairs overnight for more than three consecutive nights.
Before you apply for a swap-free account, make sure that you have read and understood, and and that you comply with our Terms & Conditions for the Islamic Account (section 7).
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
