How to open Islamic Swap Free account with FXOpen

To open an Islamic Swap-Free account with FXOpen, you first need to register an account with FXOpen.

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After opening an account with FXOpen, send a request to make your account Islamic (no swaps) to FXOpen via email.

In the request, indicate the account number and attach a document confirming that you are a Muslim.

FXOpen’s support team will review your request, accept and change the account to the Islamic Swap-Free account.

Note that FXOpen’s Islamic Swap-Free account is available for traders with a specific religious belief.

Go to FXOpen’s Official Website

What are Islamic accounts?

FXOpen provides Islamic accounts for clients who practice Islam.

Swap is not charged to Islamic accounts when open positions are rolled over to the next trading day or week.

The rest of the trading conditions are the same as for Micro, Crypto, STP and ECN accounts.

From February 2, 2015, an additional commission is charged on Islamic accounts such as Micro, STP and ECN, equal to the swap (positive or negative).

The commission is charged to roll over and displayed in the Terminal section of MetaTrader.

For ECN accounts, a commission equal to the swap will be added to the rollover commission for the full circle of the transaction.

The current swap for a pair can be viewed in the terminal in the Market Watch → Symbols → Properties section.

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