Islamic Account | SquaredFinancial

Islamic account

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.

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. Before you apply for a swap-free account, make sure that you have read and understood, and that you comply with our Terms & Conditions (part A, section 7) for the Islamic Account.

Supported Swap-Free Trading Symbols

EURUSD
AUDUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
AUDCAD
AUDCHF
AUDJPY
AUDNZD
CADCHF
CADJPY
CHFJPY
EURAUD
EURCAD
EURCHF
EURGBP
EURJPY
EURNZD
GBPAUD
GBPCAD
GBPCHF
GBPJPY
GBPNZD
NZDCAD
NZDCHF
NZDJPY
XAUUSD

Benefits

No interest on contracts that last more than 24 hours
No hidden costs
Leverage up to 1:500
No additional rollover commissions for a contract longer than 24 hours
Multilingual customer support
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