AMIFX™ offers the possibility of establishing Islamic or swap-free accounts with no rollover charges of any kind, no commissions, no interest and no swaps.
- This service is available only for accounts of AMIFX™ standard type as well as mini accounts.
- AMIFX™ will not apply swaps or rollover charges to such accounts in compliance of the Islamic Shariah Law.
- For this service AMIFX™ takes a small fee of $10 per standard lot.
- Traders can hold the positions for unlimited time.
In order to maintain an Islamic (swap free) trading account a Request For Islamic (Swap Free) Forex Trading Account has to be filled & signed by the client and sent to us by Fax or e-mail to our backoffice department.
In order to open a Swap & Commission Free Account you should:
- Open a live account with AMIFX™.
- Send us all the required documents including a request for Islamic (Swap Free) Forex Trading Account; a supplement to the Terms of Business for Swap Free (Islamic) Accounts Holders; Copies of your passport (or National ID card).
- Please send the original of your utility bill (not mobile phone) or bank statement (not credit card statement) bearing your permament address to our mail address.
Once we receive the signed documents your trading account moves to the Islamic (Swap Free) Forex Trading Account Group.
List of countries for Swap Free Accounts:
- Afghanistan
- Albania
- Algeria
- Bahrein
- Bangladesh
- Brunei
- Comoro Islands
- Djibouti
- Egypt
- Indonesia
- Iran
- Iraq
- Jordan
- Kuwait
- Libya
- Malaysia
- Maldives
- Mauritania
- Morocco
- Niger
- Nigeria
- Oman
- Pakistan
- Palestine
- Qatar
- Saudi Arabia
- Somalia
- Sudan
- Syria
- Tunisia
- Turkey
- UAE
- Western Sahara
- Yemen
Please notice that AMIFX™ preserves the right to discontinue an Islamic/swap-free account without warning.
