TraderTrust
Freshie
- Messages
- 37
- Joined
- Jan 4, 2014
- Messages
- 37
- Reaction score
- 0
- Points
- 6
ISLAMIC ACCOUNT
Islamic accounts
Islamic accounts which are also known as swap-free or roll-over free accounts permits clients of the Islamic religion to hold a forex trading account without being charged swap fees (roll over fees), in observance with Islamic religious principles which prohibit the payment or receipt of interest.
With Islamic forex trading accounts, no roll-over interest will be charged or incurred to positions held overnight, as in compliance with the Islamic Shariah Law.
Whereas most other companies charge specific fees for keeping positions open or transfer these fees by widening the spread on Islamic Forex Accounts.
It is important to recognise that clients may not possess both accounts (Islamic and regular) at the same time. At Traders Trust we offer our clients the opportunity to open an Islamic account without any restrictions on USD as a base currency or leverage offered.
To open an Islamic account with TradersTrust, simply complete our online account registration and select the 'free-swap' option.
Please note that it is the policy of the company to offer 3 days swap free period to all Islamic accounts calculated from the first day that a trading position is opened. On the 3rd day if the position is not closed then for every extra day that the position will remain opened, the company will charge a storage fee of $5 per lot per day. For the Exotic Pairs, the swap free period remains 3 days and the storage fee is $15 per lot per day.
paid
