No interest on contracts that last more than 24 hours
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 MT5.
What is an Islamic Account
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 holding fee or storage fee will apply when holding open positions overnight after 14 days.
Before you apply for a swap-free account, make sure that you have read and understood, and that you comply with our Islamic Account Terms & Conditions.
Supported Swap-Free Trading Symbols
Benefits
How to open an Islamic account
The swap-free account can be chosen as part of the trading account registration in 3 easy steps:
1
Register
Register for a SquaredFinancial account
2
Verify
Verify your email address
3
Fund
Request an Islamic account from the Client Portal
