SquaredFinancial offers SwapFree 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.
Islamic accounts have exactly the same trading conditions and terms as our regular trading account types. The Swap Free option is available on both SquaredPro and SquaredElite account type on the MT4 platform.
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Request an Islamic Account from your Client Portal
Islamic (Swap-Free) Accounts have exactly the same trading conditions and terms 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, understood and comply with our Terms & Conditions for the Islamic Account (section 20)