Islamic Account

VESTINGFX offers Islamic accounts (also known as swap-free accounts) for clients who cannot earn or pay the interest due to their religious beliefs.

We are committed to providing our clients with the best trading conditions. Our Islamic accounts offer state-of-the-art trading infrastructure and execution speeds enabling our traders to gain a competitive edge.

Swap-free accounts do not pay or earn swap or interest on any trades.

The Islamic Forex account is a halal trading account provided to clients who value the Quran and wish to invest in the Financial markets in compliance with Islamic finance principles.

Islamic finance has four basic principles:

  • Prohibition of payment and receiving of any interest rate (Riba)
  • Immediate exchanges in the context of trading operations
  • Prohibition of gambling
  • Distribution of risks and benefits

Often known as swap-free accounts, Islamic trading accounts vary in various ways from standard Forex accounts. Since Sharia law forbids the accumulation of interest, traders with Islamic accounts do not pay or earn interest rates. Besides, transactions in Islamic finance charges must be carried out without delay, so that currencies must be moved directly from one account to another, and transaction costs must also be charged simultaneously.