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.
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 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
How to open an Islamic account
1
Register
Register for a SquaredFinancial account
2
Verify
Verify your email address
3
Fund
Request an Islamic account from the Client Portal
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RISK WARNING: CFDs are leveraged products.
RISK WARNING: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can be increased or decreased and the investors may lose their invested capital. The Company has no liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to, any transactions related to CFDs.
