About Forex Islamic Account
Forex Islamic accounts, also referred to as swap-free accounts, do not incur any swap or rollover interest on overnight positions, which is against the Islamic faith. We offer Islamic accounts to our clients who follow the Muslim faith.
How to Open a Forex Islamic Account
The swap-free option can be chosen as part of the trading account registration in 3 easy steps:
- Open a trading account with us
- Login to the Members Area and verify your account
- Request An Islamic Account
Once we receive your request, your trading account will be granted swap-free status and you will receive an email notification. Please note that we reserve the right to revoke the swap-free status of any real trading account if we detect any form of abuse.
Features of our Forex Islamic accounts include no interest or swap charges on overnight positions, no spread widening, and the ability to hold positions with no time limit. Additionally, leverage of up to 1:500 is available, along with 100% real-time market execution, free and instant access to all trading platforms, and 24/5 dedicated support from your Client Account Manager.
At StandUp International, we differentiate ourselves from other forex brokers by not imposing additional charges or widening the spread on our Islamic accounts. This is in line with the religious law of Islam, which forbids traders of Islamic faith from paying interest. Some forex brokers transfer the interest charge to a different type of fee, which is still essentially a charge that covers the interest, but this practice is not accepted at StandUp International. We believe in fair and ethical trading conditions for all our clients.