SWAP-FREE ACCOUNT OPPORTUNITY
If you want your real account to be swap-free , KlasFX will do it for you.
KlasFX offers real trading accounts to its clients. These accounts are used for actual trading in the financial markets, involving the buying and selling of various instruments such as currencies, commodities, stocks, and indices.
Clients have the opportunity to request their real trading account to be swap-free. A swap-free account, also known as an Islamic account, is designed to comply with Islamic Sharia principles, which prohibit the charging or paying of interest (known as “Riba”).
In a swap-free account, positions are held without any overnight interest (or swap) charges being applied. This is particularly relevant in the forex market, where positions are typically rolled over to the next trading day, incurring overnight interest charges based on the interest rate differential between the currencies being traded.
The swap-free option is provided to accommodate clients who adhere to Islamic principles and seek to engage in financial trading activities without violating their religious beliefs.
Clients who wish to avail themselves of the swap-free account option need to meet certain eligibility criteria set by KlasFX. These criteria may include providing documentation or declarations confirming their adherence to Islamic principles.
By opting for a swap-free account, clients avoid paying or receiving interest on overnight positions, regardless of the duration for which the positions are held open.
Clients trading on swap-free accounts still have access to the same trading conditions and instruments available on regular accounts. This includes access to various financial markets, trading platforms, analysis tools, and customer support services.
KlasFX ensures transparency regarding the terms and conditions associated with swap-free accounts. Clients are informed about any potential differences in trading conditions compared to regular accounts.
KlasFX provides dedicated customer support to assist clients with any inquiries or assistance they may require regarding swap-free accounts or any other tradingrelated matters.
By offering the option for swap-free accounts, KlasFX aims to accommodate the diverse needs of its clients and provide an inclusive trading environment that respects different religious and cultural practices.
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