What Is a Swap-Free Account? Estimated reading: 1 minute 64 views A swap-free account, also known as an Islamic account, is a forex trading account that does not charge overnight swap or rollover fees. It is designed for traders who follow Islamic finance principles, which prohibit earning or paying interest (Riba).No Interest on Overnight Positions – Traders can hold trades open without swap charges.Complies with Sharia Law – Suitable for Muslim traders who follow Islamic banking rules.Other Trading Conditions Apply – Some brokers may adjust spreads or charge alternative fees.Swap-free accounts provide a fair trading option for those who cannot engage in interest-based transactions.
