Islamic Forex Trading Accounts

Islamic Forex Trading Accounts
Posted by Umair on Wednesday, July 15, 2009

We will attempt to uncover all the questions you may have about islamic forex trading.

Islamic forex trading accounts are known as swap free forex trading accounts. Most brokers offer their clients the possibility of maintaining an Islamic Forex Trading Account, or a swap free account, which means that no swaps will be accounted to positions overnight.

Some forex brokers provide Islamic Forex trading accounts as a way to cater for those customers of theirs who have the belief that swaps are against their religious convictions.

It is often the case that brokers charge a flat fee rate for providing the service of Islamic Forex Trading Accounts. Although they usually reserve the right to stop an Islamic forex trading account (or swap free forex trading account) if the customer is abusing such service.

If you want to open an islamic forex trading account, this is where you should do it.