Islamic Account | SquaredFinancial

Islamic account

We offer swap-free trading accounts to clients who cannot use swaps due to their religious beliefs. Forex Islamic accounts, also known as swap-free accounts, imply no swap or rollover interest on overnight positions, which is against the Islamic faith. The swap-free option is available on both SquaredPro and SquaredElite account types on MT5.

What is an Islamic Account

Islamic (swap-free) accounts have exactly the same trading terms and conditions as our regular trading account types. The only difference is that there are no swaps on trading instruments. However, a holding fee or storage fee will apply when holding open positions overnight after 14 days. Before you apply for a swap-free account, make sure that you have read and understood, and that you comply with our Islamic Account Terms & Conditions.

Supported Swap-Free Trading Symbols

SYMBOL INSTRUMENT ADMINISTRATIVE FEE
AUD/CAD
AUSTRALIAN DOLLAR / CANADIAN DOLLAR
$5
AUD/CHF
AUSTRALIAN DOLLAR / SWISS FRANC
$5
AUD/JPY
AUSTRALIAN DOLLAR / JAPANESE YEN
$10
AUD/NZD
AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR
$5
AUD/USD
AUSTRALIAN DOLLAR / US DOLLAR
$5
CAD/CHF
CANADIAN DOLLAR / SWISS FRANC
$5
CAD/JPY
CANADIAN DOLLAR / JAPANESE YEN
$10
CHF/JPY
SWISS FRANC / JAPANESE YEN
$5
EUR/AUD
EURO / AUSTRALIAN DOLLAR
$5
EUR/CAD
EURO / CANADIAN DOLLAR
$5
EUR/CHF
EURO / SWISS FRANC
$5
EUR/GBP
EURO / GREAT BRITAIN POUND
$5
EUR/JPY
EURO / JAPANESE YEN
$10
EUR/NZD
EURO / NEW ZEALAND DOLLAR
$5
EUR/USD
EURO / US DOLLAR
$5
GBP/AUD
GREAT BRITAIN POUND / AUSTRALIAN DOLLAR
$5
GBP/CAD
GREAT BRITAIN POUND / CANADIAN DOLLAR
$5
GBP/CHF
GREAT BRITAIN POUND / SWISS FRANC
$5
GBP/JPY
GREAT BRITAIN POUND / JAPANESE YEN
$15
GBP/NZD
GREAT BRITAIN POUND / NEW ZEALAND DOLLAR
$5
GBP/USD
GREAT BRITAIN POUND / US DOLLAR
$5
NZD/CAD
NEW ZEALAND DOLLAR / CANADIAN DOLLAR
$5
NZD/CHF
NEW ZEALAND DOLLAR / SWISS FRANC
$5
NZD/JPY
NEW ZEALAND DOLLAR / JAPANESE YEN
$10
NZD/USD
NEW ZEALAND DOLLAR / US DOLLAR
$5
USD/CAD
US DOLLAR / CANADIAN DOLLAR
$5
USD/CHF
US DOLLAR / SWISS FRANC
$5
USD/JPY
US DOLLAR / JAPANESE YEN
$10
XAU/USD
GOLD / US DOLLAR
$15
XAG/USD
SILVER / US DOLLAR
$5
XPT/USD
PLATINUM / US DOLLAR
$10
XPD/USD
PALLADIUM / US DOLLAR
$10
XAU/EUR
GOLD / EURO
$15
BTC/USD
BITCOIN / US DOLLAR
$15
ETH/USD
ETHERIUM / US DOLLAR
$5

Benefits

No interest on contracts that last more than 24 hours
No hidden costs
Leverage up to 1:500
No additional rollover commissions for a contract longer than 24 hours
Multilingual customer support
Available on MT5 platform
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