About Forex Islamic Accounts
ATIORA offers a SWAP-free trading account for observant Muslims in which no interest can be paid or earned. Islamic tenets prohibit the payment or receipt of interest and this is why ECN Forex Broker Atiora has made the opening of a Swap-free account easy for observant Muslims.
Atiora Islamic accounts are different from regular Forex and CFD accounts because overnight interest (also referred to as swap or rollover) is never credited to or debited from Islamic accounts. Overnight interest originates from the difference between the interest rates of the currencies or assets being traded. When traders buy one currency and sell another, a swap rate is created because the interest rates of the underlying currencies are not identical. This transaction results in an imbalance that is usually credited to a trader’s trading account or debited from a trader’s trading account when positions are held after the close of each trading day.
By executing a single document, observant Muslims may request a Atiora`s Islamic account in which all interest credits and debits are waived. Requests from traders who live in traditionally Muslim countries are typically approved quickly while additional documentation may be required in other cases.
How to Open a Forex Islamic Account
The swap-free option can be chosen as part of the trading account registration in 3 easy steps:
Open a live account
Fill out the Request for Islamic (Swap-free) Trading Account form
Return the scanned version and executed request to us by email to firstname.lastname@example.org
As soon as our Back Office receives your request form, your trading account will receive swap-free status and you will be notified by email accordingly.
No Expiration, No Spread Widening, No Commissions and No Hidden Fees. 100% Shariah Compliant. open account
Atiora Islamic account features include:
- Shariah-compliant “no riba” accounts for observant Muslims
- Pay no interest and receive no interest
- Trade Forex, CFDs, Metals, Equity Indices, and Energy with no swap
- All strategies including scalping, hedging, and EAs allowed
- Straightforward approval and account administration
Risk Warning: Forex, Commodities, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you fully understand the risks involved and do not invest money you cannot afford to lose. Please refer to our full Risk Disclosure.