For clients who cannot pay or receive interest for religious reasons, we offer a swap free trading account with spreads starting from 1.0 pips.
Swap-Free Accounts do not incur or generate swap or interest charges on trading instruments. However, a holding fee is applied to positions held overnight. Holding fees and applicable periods are subject to change based on prevailing market conditions. Standard commissions and spreads for Ox Securities Pro and Standard Accounts remain applicable.
New positions will benefit from a 4-day grace period. During this time frame, no holding fees will be incurred. Holding fees starting on the 5th day will be charged daily for every calendar day including Saturday and Sunday.
To learn more about the rate of holding fees, you can go to this page: Swap Free Account
If you would like to request a swap free account, you would also need to provide a certificate signed by your local Islamic authority to serve as proof.
To contact us, please visit our Contact page