Sky Alliance Markets provides Islamic accounts for Muslim customers who cannot earn or pay interestOPEN LIVE ACCOUNT
Islamic accounts are also known as swap-free accounts. Islamic account customers do not need to pay swaps or interest fees for overnight positions. Instead, the account holder is charged a position management fee that is deducted from the position balance.
Overnight fee refers to the daily fee that investors need to charge during the transaction When they open a position for more than one day, it is usually charged at a flat rate financing charges. There is no need to charge extra interest on the currencies and products selected in the swap free accounts. The extra overnight fees are required for other accounts, including ordinary accounts and ECN accounts.
We can provide exchange-free options for both standard accounts and ECN accounts on the MT4 platform.
The main features of the Islamic account in the Sky Alliance Market
Some short or medium-term traders will incur interest fees or swap fees in the process of holding positions. When trading in selected currency pairs with free swaps for a certain period of time, you can maintain a longer holding time without generating overnight swap rates and reducing your profits.
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Client can download our product disclosure statement on our legal documents page or ask for it from any of our representatives.
Forex trading is full of risk and opportunities. Before clients start trading , seeking independent financial advices is strongly recommended. Clients must aware that Forex Trading is not suitable for everyone. The potential risk may lead to a loss that exceed your initial deposit during the trading.