At Eurotrader, we believe in providing fair, ethical, and inclusive financial services for all traders. That’s why we offer a Swap-Free Account, specially designed for our Muslim clients who wish to trade in accordance with Sharia (Islamic) law.

What Is a Swap and Why It Matters?

In Forex and CFD trading, a swap — also known as an overnight financing fee — is charged or credited to a trader’s account when a position is held overnight. This fee is based on factors such as:

• The interest rate differential between two currencies (in Forex)

• The size of your position

• Whether you are long or short

• The current market interest rates

• The asset class being traded

While these fees are standard in most trading accounts, they pose a challenge for traders following Islamic financial principles, which strictly prohibit riba (interest).

A Swap-Free Account, also known as an Islamic account, enables Muslim traders to operate in global financial markets without incurring interest charges on overnight positions. This ensures the trading process remains halal — that is, compliant with Sharia law.

Eurotrader’s Swap-Free Account provides:

✅ No overnight swap fees
✅ Transparent and fair trading conditions
✅ Full access to our trading platforms and instruments
✅ Compliance with Islamic finance principles

Why Is Interest (Riba) Haram in Islam?

Islamic law strictly forbids riba, or the collection of interest, as it is seen as exploitative and unjust. In the context of Forex and CFD trading, leverage — which involves borrowing money to increase exposure — typically results in interest charges, making it non-compliant with Sharia.

To respect Islamic values, Eurotrader’s Islamic accounts eliminate all swap fees and interest-related costs, allowing Muslim traders to invest ethically and confidently.

How to Apply for a Swap-Free Account at Eurotrader

To maintain the integrity of the Swap-Free system, Eurotrader may request proof of Islamic faith for account verification. Accepted forms of documentation may include:

• CNIC (Pakistan) stating religion as “Islam”

• Shahadah Certificate from a mosque (especially for reverts)

• Notarized Affidavit declaring Islamic faith

• Nikah-nama or Family Registration Certificate (FRC)

• Other official religious documentation depending on your country

Our support team is always available to guide you through the process and provide local assistance where needed.

Start Trading Halal with Eurotrader

At Eurotrader, we are committed to delivering a trading environment that respects your religious beliefs without compromising on market access, platform quality, or transparency.

Need more details? Our support team is always here to help.

Open an account with Eurotrader today!