Accounts

Many traders seeking compliance with Islamic finance principles turn to Islamic (swap-free) accounts in the Forex market. These accounts eliminate swap or rollover fees, aligning with the prohibition against usury in Islam. However, while they offer a viable solution for adhering to religious guidelines, there are specific terms and conditions that you need to understand. Additionally, be aware of the potential limitations and higher spreads associated with these accounts, which may impact your trading strategy and overall profitability.Understanding Islamic (Swap-Free) Accounts Definition of Islamic Accounts Islamic accounts, also known as swap-free accounts, are tailored specifically for traders who adhere to…