Islamic account

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.


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 interest on contracts that last more than 24 hours

No hidden costs

Leverage up to 1:500

No additional rollover commissions for a contract longer than 24 hours

Multilingual customer support

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