{"id":10776,"date":"2025-01-29T12:00:15","date_gmt":"2025-01-29T12:00:15","guid":{"rendered":"https:\/\/unitedpips.com\/knowledgebase\/resources\/topic-index\/learn-forex\/what-is-a-swap-free-account\/"},"modified":"2025-01-29T12:00:46","modified_gmt":"2025-01-29T12:00:46","slug":"what-is-a-swap-free-account","status":"publish","type":"docs","link":"https:\/\/unitedpips.com\/knowledgebase\/docs\/topic-index\/learn-forex\/what-is-a-swap-free-account\/","title":{"rendered":"What Is a Swap-Free Account?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10776\" class=\"elementor elementor-10776\" data-elementor-post-type=\"docs\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ff8d66b e-flex e-con-boxed e-con e-parent\" data-id=\"ff8d66b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6b198e3 elementor-widget elementor-widget-text-editor\" data-id=\"6b198e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A <strong>swap-free account<\/strong>, also known as an <strong>Islamic account<\/strong>, is a forex trading account that <strong>does not charge overnight swap or rollover fees<\/strong>. It is designed for traders who follow <strong>Islamic finance principles<\/strong>, which prohibit earning or paying interest (<strong>Riba<\/strong>).<\/p><ul><li><strong>No Interest on Overnight Positions<\/strong> \u2013 Traders can hold trades open without swap charges.<\/li><li><strong>Complies with Sharia Law<\/strong> \u2013 Suitable for Muslim traders who follow Islamic banking rules.<\/li><li><strong>Other Trading Conditions Apply<\/strong> \u2013 Some brokers may adjust spreads or charge alternative fees.<\/li><\/ul><p>Swap-free accounts provide a fair trading option for those who cannot engage in interest-based transactions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>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 \u2013 Traders can hold trades open without swap charges. Complies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":9546,"menu_order":24,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-10776","docs","type-docs","status-publish","hentry","no-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/docs\/10776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/comments?post=10776"}],"version-history":[{"count":4,"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/docs\/10776\/revisions"}],"predecessor-version":[{"id":10780,"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/docs\/10776\/revisions\/10780"}],"up":[{"embeddable":true,"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/docs\/9546"}],"wp:attachment":[{"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/media?parent=10776"}],"wp:term":[{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/unitedpips.com\/knowledgebase\/wp-json\/wp\/v2\/doc_tag?post=10776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}