Islamic accounts are special accounts which have no swap charges when holding a position overnight (to the new value date).
The account types available as Islamic are Standard, Advanced, Instant and Institution. Islamic accounts have the same trading terms and conditions as our regular trading accounts, with the exception of there being no swap fees on trading instruments such as Forex, gold and silver.
Please note, a handling charge applies for holding several trading instruments overnight for more than three consecutive nights.
Same trading conditions as our standard account types
Free and instant access to all trading platforms
No interest/swap charges on overnight positions
Leverage up to 1000:1
No additional charges
Not ready? Sign up for a risk free demo account.
- If you reside in an Islamic country, our system will automatically identify this and your account will automatically be set to an Islamic account. For citizens of other countries, using swap-free accounts is optional.
To convert your Standard, Advanced, Instant and Institution Account into a swap-free one, you should contact our support team on service@cwgmarkets.com.
