By opening an Islamic account, the trader is avoiding the issue of taking or giving Riba. Pips Forex makes Islamic accounts available to any trader who wishes to stick with their trading practice.
Our Forex Islamic accounts are designed to uphold your values and trust, ensuring there are no hidden charges or unexpected fees.
Trade with peace of mind through our Forex Islamic accounts, offering a completely swap-free environment aligned with your values. Avoid interest-based charges while enjoying transparent and Shariah-compliant trading
Negative Balance Protection ensures you never lose more than your account balance, safeguarding you from unexpected market movements. With us, your trading journey is secure, ethical, and worry-free.
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FAQ
An Islamic account, also known as a swap-free account, is designed for traders who wish to trade in compliance with Islamic principles, avoiding interest (riba).
Islamic accounts offer the same features as standard accounts but without any swap or rollover interest charges, making them suitable for traders following Sharia law.
Yes, you can request to convert your existing account to an Islamic account by contacting our support team.
Simply select the option to open a swap-free account during registration or contact our support team for assistance in setting it up.
Yes, the Islamic account offers the same trading conditions, such as leverage, spreads, and execution speed, without the swap or rollover interest.
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Disclaimer :- Forex trading carries a high level of risk, which may not be suitable for every investor. Leverage creates added risk as well as loss exposure. Before you decide to trade Forex, always carefully consider your objectives of investment, experience level & also risk tolerance. You could lose some or all your initial investment; never invest money which you cannot afford to lose. Important to educate yourself first on the risks associated with Forex trading and also if you have any queries then always seek advice from an independent financial or tax advisor.