Swap Fees will not be credited or debited (on selected products) on capitalzfx Islamic Trading accounts for traders of Islamic faith
Also known as swap-free accounts, Islamic accounts are tailored for Muslim clients, complying with Islamic law by incurring no swaps or interest charges on overnight positions. Instead, an administration fee is charged on positions and deducted from the account balance.
While trading in Islam can be considered haram, it is possible to trade using an Islamic Forex Account. These accounts offer swap-free trading, designed for forex traders who, due to their religious beliefs, cannot pay or receive swaps or rollover interest on overnight positions, in accordance with Sharia Law.
How to Open an Islamic Forex Account:
- Create a MetaTrader 4 or MetaTrader 5 (MT4/MT5) trading account
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Send the account number to onboarding@capitalzfx.com and request conversion to Islamic status.
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Await confirmation from our Onboarding team.
* Swap-free accounts are not available on the IRESS platform.
* CapitalzFX reserves the right to request additional documentation to provide swap-free privileges to an account. If the religion is not specified on your ID document, we may require proof of faith, such as a letter from your mosque confirming your religion.
To ensure that your trading activities align with halal principles, consider consulting with a religious authority who can provide guidance based on your personal circumstances.