Islamic Forex Account

Each FX symbol is made up of two currency pairs, which both have underlying interest rates. Since these interest rates usually differ this results in a daily cost to roll-over open positions from one day to the next. As Sharia law forbids lending out money with interest, FX trading with roll-over or swap fees goes against this law. For this reason XGLOBAL offers roll-over and swap free trading, which is in alignment with Islamic beliefs.

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CFD Trading is high risk. You may lose more than you invest.

XGLOBAL offers Swap Free Accounts

Portraying the attributes of a leading Islamic Forex broker, XGLOBAL Markets understands the importance of religious beliefs as well as its clients’ needs. To comply with the No Riba policy, we’re committed to offer Islamic trading. This will allow all our clients that honour the Islamic faith the ability to trade in a rollover free environment. In addition, in our effort to offer fair and ethical trading conditions to all traders, the swap free option is available to all clients irrespective of their religious principles. You are welcome to set up a swap-free account with XGLOBAL Markets irrespective of your faith.

How to Open the XGLOBAL Islamic Forex Account

To simplify the requirements for people who abide by the Sharia law, you can follow the procedure below to set up an account.

1

Proceed to the sign up page and select "Swap Free" account type.

2

An email will be sent to you with a link to access the full application form

3

Proceed to complete the application form and upload your documents

4

Our team will validate your account and notify you by email once ready

5

Fund your account and start trading swap free

For any questions, please feel free to contact us at [email protected] and we will be more than happy to assist you.

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