How do I open an Islamic (swap-free) account?

An Islamic account, often called a swap-free account, is designed for traders whose religious beliefs prohibit paying or receiving interest.

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 where approved.

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 setup removes the standard overnight swap charge or credit. Other account conditions, administrative rules, or holding-period limits may apply depending on the account and product.

How to request a swap-free account

1. Open a TabTrade profile through the Secure Account Portal.
2. Complete KYC verification.
3. Create a live trading account.
4. Request swap-free or Islamic account settings through the portal or support.
5. Wait for approval and confirmation.
6. Fund the account and start trading after the swap-free status is active.

Do not assume an account is swap-free until the change has been confirmed.

Important notes

• Swap-free status may not be available in every region.
• Approval may depend on account type, client profile, and compliance review.
• 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.