Islamic Forex Accounts

Mega Trader FX offers you the ability to maintain Swap Free Islamic Forex Accounts whereby no interest will be charged or incurred on positions held overnight. The Mega Trader FX Islamic Forex Account program is in compliance with the Shariah Law.

Forex Islamic accounts are called Shariah forex accounts to indicate that they are in compliance with the Islamic religious beliefs. According to the Islamic religion, any business transactions, in which one of the parties has to pay or receive some interest from another party, are forbidden.

Mega Trader FX Swap Free Islamic Account Characteristics

  • No interest/swap charges on overnight positions
  • No up-front commissions
  • No time constraints.
  • No spread widening

How to Open a Swap Free Islamic Forex Account

Once we receive the signed document your trading account moves to the Islamic (Swap Free) Trading Account Group. Mega Trader FX reserves the right to discontinue an Islamic (Swap Free) Trading Account without warning.

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