Swap Free Trading
About Forex Swap free Accounts
Forex Swap free Accounts are also known as Islamic accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith. We offer our Islamic accounts to clients following the Muslim faith.
How to Open a Forex Islamic Account
you can indicate that your account is a swap free account through the registration process of your real account in an easy an simple process, nothing that Noor Capital SC reserves the right to revoke the swap-free status granted to any real trading account in the event of any form of abuse.
Account Features at a Glance
- No interest/swap charges on overnight positions
- No spread widening
- No up-front commissions
- Positions can be held with no time limit
- No re-quotes, no hidden costs
- Hight Leverage
- 100% real-time market execution
- Same trading conditions as for our trading account types
- Free and instant access to all trading platforms
- dedicated support from your Client Account Manager
Benefits
- In order to abide by the religious law of Islam, traders of Islamic belief are forbidden to pay interest. However, if the interest charge is transferred to a different type of fee, it is basically still a charge that covers the interest. This is also known by the name of swap-free in disguise. Noor Capital SC is firmly against such practices as it opposes to fair and ethical trading conditions.