Open Forex Islamic Account: Swap Free/No Rollover Account
Many currency accounts apply an expense known as swap or rollover for open positions overnight. This expense basically consists of interest. Paying or receiving interest is prohibited in Islam, so Titan FX has created a special account free of charge for swap and rollover.
Titan FX’s non-swaps accounts do not apply interest to open overnight positions and are available to clients who follow 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 overnight. These fees are denominated in the “Trading Account Base Currency” and will be automatically deducted from the trading account balance each day.
|Currency Pairs||Trade Holding Fees (AUD)||Trade Holding Fees (SGD)||Trade Holding Fees (USD)|
|AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDSGD, AUDUSD, CADCHF, CADJPY, CHFJPY, CHFSGD, EURAUD, EURCAD, EURCHF, EURJPY, EURNOK, EURNZD, EURPLN, EURSEK, EURSGD, EURUSD, EUSTX50, GBPJPY, JPN225, NOKJPY, NOKSEK, NZDCAD, NZDCHF, NZDJPY, NZDUSD, SEKJPY, SGDJPY, US500, USDCAD, USDCHF, USDCNH, USDCZK, USDJPY, USDMXN, USDNOK, USDPLN, USDSEK, USDSGD, XAGEUR, XAGUSD, XBRUSD, XTIUSD, ZARJPY||-5||-5||-3.5|
|AUS200, EURCZK, EURGBP, EURZAR, FRA40, GBPAUD, GBPCAD, GBPCHF, GBPNOK, GBPNZD, GBPSEK, GBPSGD, GBPUSD, NAS100, USDRUB, USDTHB, USDZAR, XAUAUD, XAUEUR, XAUUSD||-10||-10||-7|
|GER30, UK100, XPTUSD||-20||-20||-14|
|EURTRY, GBPTRY, USDTRY||-100||-100||-70|