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Thread: Islamic Swap-Free accounts

  1. #1
    Administrator RoboForex Administrator's Avatar
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    Islamic Swap-Free accounts


    RoboForex offers it’s a specific account type – Islamic Swap-Free accounts. Instead of the swap, the owners of Swap-Free accounts are charged a fixed commission, which depends only on the type of currency pair and number of open lots, but not on the issuing banks’ interest rates. This account type was created especially for the clients of Muslim belief, who are not allowed to trade with swaps because of Sharia laws.

    Swap-Free account registration:
    1 2
    Open a trading account for
    MetaTrader4 platform*
    Contact our
    Live Support
    Open account Leave application
    * - "Swap-Free" service is only available for cent and standard MetaTrader4-based accounts, as well as for Fix-Affiliate and Pro-Affiliate accounts.

    When you change your account type to Swap-Free, all other trading conditions remain intact, and the overnight commission depends only on the instrument and the number of open lots.

    General provisions

    1. "Swap-Free" service is available for the following types of MetaTrader4-based accounts: Fix-Cent, Pro-Cent, Fix-Standard, Pro-Standard, Fix-Affiliate и Pro-Affiliate.

    2. When you change your account type to Swap-Free, the overnight commission depends only on the instrument and the number of open lots. All other trading conditions remain the same.

    3. To enable "Swap-Free" service, you have to open a MetaTrader4-based account in your Members Area. After that, contact our Live Support one of the following ways:


    4. The client has the right to decline the service at any time. To do this, contact our Live Support.

    5. Please note that RoboForex reserves the right to deny the client "Swap-Free" service at any time without giving any reasons and/or advance notice. In case the service is disabled by the Company, you will be charged swaps according to the conditions, specified on its official website.

    Commission rates for Islamic Swap-Free accounts

    1. When you change your account type to "Swap-Free", you are not charged swaps; however, you pay a fixed overnight commission for open positions.


    ** - The commission specified in the table is for 1 standard lot. The amount of the commission, which is written off every day at 12:00 AM server time, is calculated in the following way:

    <Commission> = <Commission for 1 lot> * <Number of lots>
    11.03.17

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  2. #11
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    I will preferred to use swap free account, its because i am muslim, and interest is now allowed in my religion. Its not only because of that, its also because im long time trader, and swap is not in positive result, but its also in negative result.

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  3. #12
    RoboForex Support RoboForex Support #1's Avatar
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    Quote Originally Posted by JGS View Post
    Can we change a swap-free account to a normal account?
    Yes, you can.

    Quote Originally Posted by JGS View Post
    Is the interest cut or paid same as the bank rate?
    We get the swap rates from the liquidity provider.


    Quote Originally Posted by JGS View Post
    Which type of account is beneficial-a swap-free or a normal?
    Commission on the swap free accounts is worst than swaps usually. But commission is constant on the swap free accounts always.

    Quote Originally Posted by JGS View Post
    On trading point of view on the side of broker which one is better?
    The company does not earn on swaps. The company insures its risks: the client has to pay for the rollover. The swap free accounts are a little bit profitable for the Company.

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  4. #13
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    As far as i am concerned, this is a very fair deal, and this shows that roboforex is practicing true interbank market trading because their liquid provider will charge them money on the rollover of their client, and they are helping client for fixed charge on swap still.

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  5. #14
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    I NEED A Islamic swap free Account.But I dont know How to Create It.Any one know About It please Help me As soon As possible..

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  6. #15
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    Quote Originally Posted by akmalhossain View Post
    I NEED A Islamic swap free Account.But I dont know How to Create It.Any one know About It please Help me As soon As possible..
    You just need to make the setting "free swap" when you first created a trading account. But if you've been using the account you use swap. So there are two roads., The first you do is registering a new trading account, because robo forex has given us the convenience of having more than one trading account and different type. Or call customer service to complain about it.

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  7. #16
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    This type of account is best for Muslim Arabs and therefore all Arabs clients prefer this type of account-free swap

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  8. #17
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    Hi,
    I am a Muslim person. I am like to trading in swap free account. My knowledge is very low about forex market. But I have a problem. When I create my live account that time I am not select Swap free option. Now my question is that, am I change my swap free option. Please give me some information for change my swap free option.

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  9. #18
    RoboForex Support Support manager's Avatar
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    Quote Originally Posted by Jamal khan View Post
    Hi,
    I am a Muslim person. I am like to trading in swap free account. My knowledge is very low about forex market. But I have a problem. When I create my live account that time I am not select Swap free option. Now my question is that, am I change my swap free option. Please give me some information for change my swap free option.
    According information on the site Swap-Free service is available for MT4 accounts: Fix-Cent, Pro-Cent, Fix-Standard, and Pro-Standard. Please, follow the link to find out information about swap-free accounts http://www.roboforex.com/operations/swap-free/
    We could change your accounts into swap-free anytime, for this please, contact our Live Support Service or write ticket via your live account https://my.roboforex.com/en/livesupport/
    https://my.roboforex.com/en/help/add-a-ticket/

    Please pay attention that if you want to change your accounts into swap-free there shouldn't be any opened positions or pending orders (on the moment of your request).

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  10. #19
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    Yes Dear's We can change our account into swap Free account because it can very help us to save over night or in long type of Tradings swap free helps the account charges

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  11. #20
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    [lang=id]good, finally i can trade without negatif swap[/lang]

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