A swap-free trading account, also known as an Islamic Account or Shariah-Compliant Account, is tailored for traders who cannot participate in swaps or interest-related transactions due to religious beliefs. These accounts are free from swap or rollover fees, ensuring that traders neither pay nor receive interest on their overnight positions.
In trading, a swap refers to the interest paid or received for holding a position overnight, calculated based on the differential interest rates of the traded currencies.
At Tronex Ltd., we provide swap-free accounts to accommodate traders who adhere to Islamic finance principles, ensuring a fair and ethical trading experience.