An Islamic account, often called a swap-free account, is designed for traders whose religious beliefs prohibit paying or receiving interest. TabTrade provides this as a dedicated, Standard-based account rather than an automatic setting on another account.
In standard forex and CFD trading, positions held past the daily rollover time may receive or pay an overnight swap. A swap-free account removes the standard interest-based overnight swap adjustment in supported regions.
What is an Islamic account?
In forex, currencies are traded in pairs. When you hold a position overnight, the trade can create an interest adjustment based on the currencies involved.
For traders who cannot pay or receive interest, a Swap-Free Account removes the standard overnight swap charge or credit. A swap-free service fee applies after every seven calendar days that a position remains open, and other account conditions can apply.
Review the Swap-Free Account page for current pricing, available markets and the seven-calendar-day service-fee cycle.
How to create a swap-free account
- Open a TabTrade profile through the Secure Account Portal.
- Complete KYC verification.
- Create a Swap-Free Account in the Secure Account Portal.
- Swap-free status is applied automatically to your profile and accounts.
- Fund the account and start trading.
No separate approval or confirmation is required after the Swap-Free Account is created.
Important notes
- Swap-free status is available only in supported regions.
- Swap-free status is applied automatically after the Swap-Free Account is created.
- Some instruments may be excluded.
- Other charges or restrictions can apply.
- If a trade is open before swap-free status is active, standard swap rules may apply.
Check your platform specifications and account status before holding trades overnight.