Fair Forex offers Islamic accounts (also known as swap-free accounts) for clients who cannot earn or pay interest due to their religious beliefs. The swap free option is available on our Raw Spread Account, Standard Account and Pro Account. Our swap-free accounts, incur no swaps or interest charges on overnight positions. Instead you are charged an administration fee on the positions which is deducted from the account balance AND are 100% Shariah Compliant.
Unlike some other brokers, Fair Forex do not increase our spreads on Islamic accounts. Our Muslim clients can enjoy the exact same trading conditions as on all our other accounts.
For details on the administrative fees for Islamic accounts please see here: Islamic Accounts Admin fees