Swap Free
Sharia-compliant Forex & CFD Trading Account: Muslim clients can trade Forex & CFDs without rollover (swap) interest on overnight positions, adhering to Islamic principles that prohibit paying or receiving interest.
How to open a Swap Free Islamic Account
- Open a Fortrade Accounton your desktop, mobile, or tablet.
- Complete the full registration process and send us your supporting ID documents.
- Send an email to support@fortrade.com with a request for Swap Free Islamic Account.
- If a system abuse is detected, Fortrade reserves the right to cancel the Islamic account with immediate effect, and close any open trades at its discretion.
- The standard lot size is defined in the trading conditions.
- The charge is made for swap-free clients only, every Thursday, for all open positions held at 21:00 GMT night between Wednesday and Thursday.
- Closed positions that were left open during the times mentioned above, will be charged pro-rata for each lot.
Category | Short Position | Long Position |
|---|---|---|
Stocks and ETF | 17% weekly-calculated interest rate | 18% weekly-calculated interest rate |
Currency Pairs | X7 on regular daily swap | X7 on regular daily swap |
Indices | X7 on regular daily swap | X7 on regular daily swap |
Agricultural Products | X7 on regular daily swap | X7 on regular daily swap |
Precious Metals | X7 on regular daily swap | X7 on regular daily swap |
Energy Products | X7 on regular daily swap | X7 on regular daily swap |
US Treasuries | X7 on regular daily swap | X7 on regular daily swap |
The weekly rates under the swap-free policy for the following instruments calculation
*Try currency pairs are not included in the Swap-Free program.