Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith. We offer our Islamic accounts to clients following the Muslim faith.
The swap-free option can be chosen as part of the trading account registration in 3 easy steps:
Open a trading account with us
Login to the Members Area and validate your account
Request An Islamic Account
As soon as our relevant department receives your request, your trading account will receive swap-free status and you will be notified by email accordingly. Please note that EBT reserves the right to revoke the swap-free status granted to any real trading account in the event of any form of abuse.
The EBT forex Islamic accounts differ greatly from those generally offered by other forex brokers. The difference lies in the fact that unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, EBT imposes no additional charges.
In order to abide by the religious law of Islam, traders of Islamic faith are forbidden to pay interest. However, if the interest charge is transferred to a different type of fee, it is basically still a charge that covers the interest. This is also known by the name of swap-free in disguise. EBT is firmly against such practices as it opposes fair and ethical trading conditions.
Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.
If you do not give your consent to the above, you may alternatively contact us via the Members Area or at email@example.com.
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