Islamic Swap-Free Accounts
Trade Premium Shares offers a specific account type – Islamic Swap-Free accounts. Instead of the swap, the owners of Swap-Free accounts are charged a fixed forex commission, which depends only on the type of currency pair and number of open lots, but not on the issuing banks’ interest rates. Swap-free account type was created especially for the clients of Muslim belief, who are not allowed to trade with swaps because of Sharia laws.
Swap-Free account registration:
* - "Swap-Free" service is only available for cent and standard MetaTrader4-based accounts, as well as for Affiliate accounts.
When you change your account type to Swap-Free, all other forex trading conditions remain intact, and the overnight commission depends only on the instrument and the volume of open positions.
Conditions of the service and commission rates
General provisions
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"Swap-Free" service is available for the following types of MetaTrader4-based accounts: ProCent, Pro, and Affiliate.
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When you change your account type to Swap-Free, the overnight commission depends only on the instrument and the number of open lots. All other trading conditions remain the same.
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To enable "Swap-Free" service, you have to open a MetaTrader4-based account in your Members Area. After that, contact our Live Support one of the following ways:
- Send a ticket from "Add a Ticket" section of your Members Area.
- Write to 24/7 chat of our Online support.
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A prerequisite for changing the account type to a "Swap Free" one is the absence of open positions on it.
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The client has the right to decline the service at any time. To do this, contact our Live Support.
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Service availability depends on the account base currency.
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Please note that Trade Premium Shares reserves the right to deny the client "Swap-Free" service at any time without giving any reasons and/or advance notice. In case the service is disabled by the Company, you will be charged swaps according to the conditions, specified on its official website.
Commission rates for Islamic Swap-Free accounts
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When the account type is changed to "Swap-Free", no swap is charged. Instead of this, the client’s account is charged with a fixed commission amount for rolling a position over the next calendar day.
| Currency pairs, Metals | Commission (USD)** |
|---|---|
| USDCAD, XAGUSD, XAUUSD | 2,00 |
| AUDNZD, CADJPY, CHFJPY, EURCHF, EURJPY, GBPJPY, USDCHF | 5,00 |
| CADCHF, EURGBP, GBPCAD, GBPCHF, GBPUSD | 4,00 |
| USDJPY, AUDCAD, AUDUSD, NZDUSD, EURUSD | 8,00 |
| AUDCHF, AUDJPY, NZDCAD, EURAUD, EURCAD, GBPAUD, USDRUB, EURPLN, NZDCHF, NZDJPY, USDPLN | 12,00 |
| EURNZD, GBPNZD, USDZAR, USDMXN, USDCNH | 20,00 |
| CFD (Contracts for Difference) | Commission (USD)** |
| ETHUSD, ETHEUR | 0,1 |
| USTECHCash | 1,00 |
| DE40Cash, US500Cash, BTCUSD, BTCEUR | 2,00 |
| US30Cash | 4,00 |
| BRENT, WTI | 12,00 |
| Stock CFD | Commission (USD)** |
| AMZN | 30,00 |
| GOOGL | 20,00 |
| TSLA, NFLX, BA | 8,00 |
| NVDA, ADBE, GS, BRK.B, MMM | 4,00 |
| FB, MCD, AAPL, CAT | 5,00 |
| IBM, V | 2,50 |
| EA, DIS, UPS, CVX, JPM, PRU, PEP, JNJ | 2,00 |
| MSFT, ATVI, WMT, XOM, C, PYPL, PG, PM, NKE, LLY | 1,50 |
| VZ, INTC, ORCL, CSCO, FOXA, SBUX, EBAY, DAL, NEM, WFC, KO, GM, PFE | 1,00 |
| HPE, CMCSA, BAC, GE | 0,50 |
** - The commission specified in the table is for 1 standard lot. The amount of the commission, which is written off every day at 12:00 AM server time, is calculated in the following way:
<Commission> = <Commission for 1 lot> * <Number of lots>
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