In trading, a swap is the interest paid or received by a trader for holding a position overnight. As Muslim traders cannot engage in swap or interest-related transactions given their religious beliefs, we have created two Islamic forex accounts which comply with Islamic Law (Sharia).

StockPulseFX Islamic trading accounts, or swap-free accounts, are Sharia-compliant in that they do not involve swap charges or interest on overnight positions. Instead, the Islamic account holder is charged an administration fee on positions, which is deducted from the balance of the account.