MoneyForex offers the possibility of Islamic or swap-free accounts with no rollover charges. Swaps or roll over charges will not apply to such accounts. For this service MoneyForex offers one pip spread higher on all currencies per trade.
MoneyForex offers all clients the opportunity to maintain islamic trading accounts (swap free forex trading accounts) whereby no roll over interest will be charged or incurred to positions held overnight which is in compliance of the Islamic Shariah Law. A small fee of $8 dollar per standard lot is charge daily for positions held overnight. Traders can hold the positions for unlimited time.
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