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Islamic Forex Account |
| Non-Rollover Charge |
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MoneyForex offers the possibility of Islamic or swap-free accounts with no rollover charges. Swaps or roll over charges will not apply to such accounts. For this service MoneyForex offers one pip spread higher on all currencies per trade.
MoneyForex offers all clients the opportunity to maintain islamic trading accounts (swap free forex trading accounts) whereby no roll over interest will be charged or incurred to positions held overnight which is in compliance of the Islamic Shariah Law. A small fee of $8 dollar per standard lot is charge daily for positions held overnight. Traders can hold the positions for unlimited time.
In order to maintain an Islamic (swap free) Forex trading account a Request For Islamic (Swap Free) Forex Trading Account has to be filled & signed by the client and sent to us by Fax or e-mail to . MoneyForex offers Islamic (swap free) Forex trading account to all clients no matter what their religion. Clients can open the account in any of the available currencies base.
Is MoneyForex Trading system adhering to Islamic Shariah Law?
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