Company news

xCFD is offering Islamic Forex Trading Accounts

January 30, 2014: To meet the needs of Muslim forex traders, xCFD, a next generation online broker, offers swap-free accounts that completely satisfy Islamic religious prohibitions of not receiving or paying interest.

A company official comments: “xCFD is fully committed to providing everyone with access to world markets. Keeping this in mind, it was a logical step to introduce islamic accounts for muslim traders”.

With an islamic trading account, no swap or roll-over interest will be charged to or incurred on positions that are held overnight. These accounts comply with Islamic religious beliefs and a trader is charged with platform usage fee only, which depends on the specific instrument.

To open an Islamic no-swap account with xCFD, one must follow the standard procedure and then simply request an Islamic account in profile settings on xCFD website.




Friday, 30 Jan, 2015 / 2:23

Source : https://xcfd.com

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