A Swap Free account was created for Muslim clients beacuse the Sharia laws forbid the giving and receiving of interest. Swaps (a commission paid for the overnight) are substituted for a fixated commission.
The trading conditions are the same as for the Standard accounts, but the number of available instruments is slightly lower. See the full description of the account on our website.
Trading platforms: MetaTrader 4, WebTrader.
Swap Free account is best for Muslims. In this account, you can trade a large number of instruments: CFDs, stocks, and metals. Instead of swaps, you pay a commission. For the Forex instruments, the commission is $4 for 1 lot and it is charged once a week (on the weekends) for all overnight positions.
The leverage in this account is from 1:1 to 1:500 with an initial deposit of $100. Margin Call is 100%, Stop Out – 40%.
Use the Any Deposit Bonus +40% for this account type. See the terms of the offer on our website.