Islamic Forex accounts are also known as swap-free Forex accounts. Their main difference is no swap or roll-over interest will be charged to or incurred on positions that are held overnight.
Swap accounts (or Islamic accounts) were developed specifically for customers who follow Islamic religious beliefs. According to Sharia law, any financial transactions where one of the parties pays or receives an interest payment from the other party is prohibited. We help open a swap-free account for Muslims and those who follow the religion of Islam.
Otherwise, the trading conditions of Islamic accounts and ordinary trading accounts are completely identical. You can have both an Islamic account and a regular trading account with the PBN Markets. The "Islamic Account" service can be activated both when registering a new account and for existing trading accounts (you need to send an appropriate request to the Technical Support Service by email: [email protected] ).