Below is the list of Forex brokers who offer Islamic or swap-free accounts with no rollover charges.
Besides Muslim friendly Forex brokers, there are also brokers who offer interest-free accounts to all traders.
Islamic account - can be open for Muslims only.
Any account - can be open for any client.
Standard account - needs further review.
I've never heard of such accounts, or rather such term before. I'm afraid I won't be able to name any brokers, I'm sorry.
Update: found the information at TADAWUL FX website: Musharaka:
For clients using TADAWUL FX LTD. Musharaka scheme all profits and all losses will be evenly
shared between the client and TADAWUL FX LTD. After closing a trade and transferring its profit/loss
to the account, TADAWUL FX LTD. will debit/credit 50% of the profit/loss from/to the account.
trader
July 28, 2009
just to let you know, iforex has a condition which states you must open/close positions at least once a month
BrokerGuru
July 28, 2009
Thank you!
That's an important condition, I have added it to the list.
trader
September 12, 2009
Dear BrokerGuru,
I am looking for absolute swap free brokers (no swaps, no daily commissions like Aplari!, and no time limitations for orders to be open) and also i want the broker to be a regulated one.
Can you please help me?
BrokerGuru
September 12, 2009
Quite a task :)
I don't have information about exact trading conditions for all brokers with swap-free accounts. The facts I had I've published and continue to publish. Review it quickly and make a list of brokers with suitable conditions.
A quick look at Forex Broker Comparison table will show which broker is registered and which is not.
I'm sorry, but making a highly customized list of brokers is something I can't do for my visitors, I have already collected tons of information to make the rest of the comparison quick and easy. I'm not lazy :) either, I just can't spend days comparing brokers on request. I hope you can understand me.
trader
October 15, 2009
prime4x offers a swap free account
trader
October 15, 2009
prime4x has trade during news on the page of his site
BrokerGuru
October 15, 2009
Thank you!
trader
October 24, 2009
Hi, Broker, have you confirmed about dbfx? As I know, they have conitions supply for open swap-free account.
BrokerGuru
October 24, 2009
dbfx offers a swap-free account only if a trader has religious reasons to open one. A commission is added and it is equal to rollover charges paid on regular accounts.
trader
October 26, 2009
Any one know of a broker (swap free) which offers multiple-currency accounts that can be funded in AUD ?
BrokerGuru
July 26, 2009I've never heard of such accounts, or rather such term before. I'm afraid I won't be able to name any brokers, I'm sorry.
Update: found the information at TADAWUL FX website:
Musharaka:
For clients using TADAWUL FX LTD. Musharaka scheme all profits and all losses will be evenly
shared between the client and TADAWUL FX LTD. After closing a trade and transferring its profit/loss
to the account, TADAWUL FX LTD. will debit/credit 50% of the profit/loss from/to the account.
trader
July 28, 2009just to let you know, iforex has a condition which states you must open/close positions at least once a month
BrokerGuru
July 28, 2009Thank you!
That's an important condition, I have added it to the list.
trader
September 12, 2009Dear BrokerGuru,
I am looking for absolute swap free brokers (no swaps, no daily commissions like Aplari!, and no time limitations for orders to be open) and also i want the broker to be a regulated one.
Can you please help me?
BrokerGuru
September 12, 2009Quite a task :)
I don't have information about exact trading conditions for all brokers with swap-free accounts. The facts I had I've published and continue to publish. Review it quickly and make a list of brokers with suitable conditions.
A quick look at Forex Broker Comparison table will show which broker is registered and which is not.
I'm sorry, but making a highly customized list of brokers is something I can't do for my visitors, I have already collected tons of information to make the rest of the comparison quick and easy. I'm not lazy :) either, I just can't spend days comparing brokers on request. I hope you can understand me.
trader
October 15, 2009prime4x offers a swap free account
trader
October 15, 2009prime4x has trade during news on the page of his site
BrokerGuru
October 15, 2009Thank you!
trader
October 24, 2009Hi, Broker, have you confirmed about dbfx? As I know, they have conitions supply for open swap-free account.
BrokerGuru
October 24, 2009dbfx offers a swap-free account only if a trader has religious reasons to open one. A commission is added and it is equal to rollover charges paid on regular accounts.
trader
October 26, 2009Any one know of a broker (swap free) which offers multiple-currency accounts that can be funded in AUD ?
BrokerGuru
October 26, 2009There is a number of brokers to choose from.
Please visit: http://www.100forexbrokers.com/fx/broker_search.php
Where select search paramenters:
- Account currency - "AUD"
- Swap-free - "yes"
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