Question: What is the MetaTrader4 Islamic account for? How can I open one?
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JustForex has a special option for representatives of the Islamic faith.
Sharia law prohibits trading with swaps. Due this fact, special swap-free trading accounts were created.
A swap is a fee for an operation of closing an order at midnight of one trading day and reopen it at the close price the next day.
With swap-free accounts traders can keep open positions as long as they want, without adding a swap size to or charging it from the account.
In this case, the result of trading can be affected only by the change in the exchange rates for a specific period of time.
Using of swap-free accounts is optional.
To convert your Cent, Mini, Standard or ECN Zero account into a swap-free one, you should contact the support team.
