SWAP Free Accounts

SWAP Free Accounts

Swap Free Islamic Forex Account

Orbex offers swap-free accounts (also known as Islamic Forex accounts or Shariah Forex accounts). These accounts comply with Islamic religious beliefs. According to the Islamic religion, any business transaction in which one of the parties has to pay or receive some interest from another party is forbidden.

Islamic Forex accounts are also known as swap-free Forex accounts, because, within this kind of account, no swap or roll-over interest will be charged to or incurred on positions that are held overnight.

Islamic Forex accounts are designed specifically for Muslims as swaps contravene their religious beliefs and to clients who don’t wish to be charged swap fees. Islamic accounts give their owners an opportunity to hold their positions for an unlimited amount of time (Trading Conditions Apply).

To open a swap-free account, please go to the Orbex online account opening form and choose the swap-free account option.

Investor Alert: Forex Trading & Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 58.82% of retail investor accounts lose money when trading CFDs with Orbex Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.