CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Swap Free

Sharia-compliant forex trading account for followers of Islam.

Clients following the Muslim faith can open a forex & CFD trading account without any rollover interests on overnight positions (=swap interests). The reason for the Islamic Account is to avoid the need for paying and receiving interest which is prohibited in Islam.

How to open a Swap Free Islamic Account

- Open a Fortrade Account on your desktop, mobile, or tablet.

- Complete the full registration process (and send us your supporting ID documents).

- Send an email to support@fortrade.com with a request for Swap Free Islamic Account.

Spreads on Swap-Free Groups:

*USD/TRY 19 pips during the day and 54 at night
*EUR/TRY 24 pips during the day and 64 at night
*GBP/TRY 64 pips during the day and 104 at night
*GAU/TRY 100 points markup (Effecting also the USDRUB)

*These 4 pips markups are also effecting the following symbols: AUDNZD, EURDKK, EURNZD, GBPAUD, GBPCAD, GBPNZD, USDDKK, EURNOK, EURHUF, EURILS, EURPLN, EURSEK, EURZAR, GBPSGD, USDCNH, USDHUF, USDILS, USDMXN, USDNOK, USDPKN, USDSEK, USDZAR)

  • If there is a system abuse - Fortrade can cancel the Islamic account and close any open trades at its discretion.
  • Standard lot = 100,000 units of base currency when trading FX pairs; 1,000 when trading GAUTRY, and 100 when trading GOLDTRY.
  • As of 13.12.2018, Fortrade charges commissions for all stocks (US+OTHER STOCKS).
  • The charge is made every Thursday for swap-free clients only.
  • All open positions held at the time 00.00 GMT on Thursday morning will have a commission taken pro-rata for every lot:

GAUTRY1260 points (only long positions)
GOLDTRY3500 points (only long positions)
TRYBASK2660 pips (only long positions)
USDRUB1100 pips (only long positions)
USDTRY2100 pips (only long positions)
EURTRY2660 pips (only long positions)
GBPTRY2800 pips (only long positions)
ZAR pairs120 pips (only long positions)
HUF pairs30 pips (only long positions)
MXN pairs90 pips (only long positions)
AUD pairs8 pips (only short positions)
13%annual for long positions
12%annual for short positions

Please contact us if you need any further information on the markup charges and how they apply to the Swap Free Islamic Account.