Wednesday, July 19, 2017 3:05:58 AM
Swap-free account
Superforex tries to respect the cultural features of Islamic countries, in particular, the Sharia law, which prohibits Muslims to receive interest. In this regard, we have a special account for Muslims - our Swap-free account.
When making transactions using this trading account for any currency pair if the position extends past midnight the trader does not receive or lose any amount, regardless of the volume of the position.
You can check the specific amounts of the swap by browsing the list of trading instruments. To compensate for the lack of swaps, Islamic accounts work on a fixed commission, which is perfect for traders who tend to make long-term deals.
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Superforex tries to respect the cultural features of Islamic countries, in particular, the Sharia law, which prohibits Muslims to receive interest. In this regard, we have a special account for Muslims - our Swap-free account.
When making transactions using this trading account for any currency pair if the position extends past midnight the trader does not receive or lose any amount, regardless of the volume of the position.
You can check the specific amounts of the swap by browsing the list of trading instruments. To compensate for the lack of swaps, Islamic accounts work on a fixed commission, which is perfect for traders who tend to make long-term deals.
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