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Swap-Free Accounts
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Trade without compromising yours.
What are Swap-Free
Accounts?
Swap-free accounts are modified accounts in which rollover fees are waived to comply with Islamic religious beliefs.
Swap-free account holders can hold their positions for an unlimited amount of time, without incurring any charges.
The Muslim religion states that business transactions involving interest payments of any kind are forbidden. Therefore, clients providing sufficient proof of religion will be granted a Swap-Free Merakifx Account*, where no swap or roll-over interest is charged or incurred on positions held overnight.
Swaps are rollover fees that a trader pays to a broker to keep a position open overnight. When trading CFDs, swaps can be thought of as a type of interest charge allowing traders to keep a certain contract open for longer.
Need to request a swap-free account?
*Clients found to be misusing swap-free accounts will be asked to close their positions instantly. Should the client refuse to do so, Merakifx will be forced to close the account effective immediately with no prior notice.
Licenses: Merakifx Group Limited is the holding company of Merakifx Global, and Merakifx Limited (licensed under CySEC) is an associate of Merakifx Global Limited, which is authorized by the Securities and Exchange Commission of Mauritius. Merakifx.com is owned by Merakifx Group Limited and is operated by the Company Merakifx Global and its registered address is: Turkey, Istanbul, Fatih
Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade forex, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you could sustain a loss of some or all of your investment and therefore you should not risk investing money that you cannot afford to lose. You should be aware of all the risks associated with forex trading, and seek advice from an independent financial advisor if you have any doubts.
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Turkey, Istanbul
+90 531 333 89 23
info@merakifx.com