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Knowledge base: Trading Accounts
Islamic Accounts and Swaps
Posted by Olga Palikarpava on 26 April 2017 11:51 AM

FXOpen offers SWAP-free Islamic accounts which are compliant with Sharia laws for Muslim traders. If you are not sure if your account is Islamic or not, please, e-mail [email protected].uk, give your account number and ask to make your account SWAP-free.

Instead of a SWAP, traders are charged an additional commission for overnight positions on STP and ECN Islamic accounts. The commission equals to SWAP.

Commission is charged on rollover and is displayed in the Terminal section in MT4. For ECN account the rollover commission is added to the commission for opening a trade.

You can look up FXOpen SWAPs in the MetaTrader:

  1. Right-click on the currency pair in the Market Watch window;
  2. Select Symbols;
  3. Choose the pair again in the pop up window;
  4. Click Properties on the right. You will see "swap long" and "swap short".
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