We offer swap-free (Islamic) account setting for traders.
On swap-free accounts, there is no daily crediting/withdrawal of funds/losses that is related to swap-operations. Therefore, the client does not receive any extra income and does not suffer any extra swap charges.
Please note that after the initial free period, a daily flat charge (also known as Admin fee) applies to an account (including the triple charge on Fridays). Some instruments with large swaps, such as exotic currency pairs (e.g. USDCNH), have special conditions and have the daily flat charge applied starting from the 1st day.
Any MTrading account holder can apply to switch to a swap-free (Islamic) account without proof of faith.