Titan FX offer Forex Islamic accounts, also known as swap free or no rollover accounts.
Many forex accounts make a charge known as swap or rollover for positions held open overnight. This charge is essentially an interest charge. Paying or receiving interest is prohibited in Islam so Titan FX has created a special account which is free from swap and rollover charges.
Titan FX swap free accounts charge no interest on overnight positions and are available to clients following the Muslim faith.
Titan FX Swap Free (Islamic) Account
|Minimum Opening Account Deposit||200 USD (or equivalent)|
|Spread Type||STP (Straight Through Processing) with No Swap Charge
Please refer Spread Table
|Trading Products||Forex, Commodities, CFDs|
|MinTrading Volume||Micro Lots (0.01 Lots)|
|Max Open Orders||200|
|Account Currency||USD, AUD, SGD|
|Expert Advisors (EA)||Allowed|
Trade Holding Fees
Trade holding fees are payable on any trades held open for two days or more. The fees are denominated in the “Trading Account Base Currency’ and will be automatically deducted from the trading account balance every 2 days.
|Currency Pairs||Trade Holding Fees
|AUS200, EUSTX50, FRA40, GER30,|
UK100,US500,US30, NAS100, HK50, US2000
|EURGBP, EURUSD, GBPCHF, GBPUSD, SGDJPY, USDCAD,|
USDCHF, USDJPY, USDSGD, XAGUSD, XAUUSD, XAGEUR,
XAUEUR, XTIUSD, XBRUSD, XNGUSD
|CADCHF, CADJPY, CHFSGD, EURCAD, EURJPY, EURSGD,|
GBPCAD, GBPJPY, GBPSGD, SEKJPY, USDDKK, USDHKD, USDTHB
|AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDSGD, AUDUSD,|
EURAUD, EURCHF, EURHKD, GBPDKK, GBPSEK
|NOKJPY, NOKSEK, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDSEK||-13|
|EURCZK, EURDKK, EURNOK, EURNZD, EURSEK, GBPAUD,|
GBPNOK, GBPNZD, USDCZK, USDMXN, USDNOK, USDPLN, EURPLN
|EURZAR, USDZAR, GBPTRY, USDTRY, EURTRY||-40|