Islamic (Swap-Free) Account
Open an account that is swap-free which complied with religion aspects
Clients are our utmost priority at Wizard Capitals. The need to serve various clients from different parts of the globe is the most important part of our growth in the trading industry. We strive to simply provide excellent trading experience by offering a swap-free Islamic account that observes and respects religion aspects.
Popularly known as the Swap-Free Account, the Forex Islamic account have no swap or rollover interest on overnight positions, which is not allowed under the Muslim faith. All Muslim clients will benefit by enjoying the best trading offers from Wizard Capitals. Try signing-up with the Classic, Pro and VIP Account that can be converted into Islamic Type Account.
Regular trading accounts and Islamic account share the same trading terms and conditions except that the latter have no swap option.
Our excellent Customer Service team will immediately process requests for an Islamic account. The process will take only 1 business day and the client will get an email confirmation stating that everything is all set up. Once done, all the succeeding trades and other trade offers from the Wizard Capitals will automatically be classified under the swap-free account, and that would mean that there will be no need to reconfirm your status with the support team again
Please read and determine if you are compliant with the swap-free account by reading our Islamic (Swap-Free) trading account user agreement.
Long Time Holding Charges
The following charges applies daily to open position in exotic currency pairs under the Islamic Account. The rule applies when the position is open for more than three consecutive trading days.
| Instrument | Charge per lot |
| EURCZK | $5 |
| EURDKK | $5 |
| EURHKD | $5 |
| EURHUF | $10 |
| EURMXN | $20 |
| EURNOK | $10 |
| EURPLN | $10 |
| EURSEK | $10 |
| EURSGD | $10 |
| EURTRY | $50 |
| EURZAR | $20 |
| GBPCZK | $5 |
| GBPDKK | $10 |
| GBPHKD | $5 |
| GBPHUF | $10 |
| GBPNOK | $10 |
| GBPPLN | $10 |
| GBPSEK | $10 |
| GBPTRY | $50 |
| GBPZAR | $20 |
| NZDSGD | $10 |
| USDCZK | $5 |
| USDCNH | $10 |
| USDDKK | $10 |
| USDHKD | $5 |
| USDHUF | $10 |
| USDMXN | $20 |
| USDNOK | $10 |
| USDPLN | $10 |
| USDSEK | $5 |
| USDSGD | $10 |
| USDTRY | $50 |
| USDZAR | $20 |
- The charges reflected in the table is set in USD and it will be converted automatically to the base currency of your account.
- Fees for the long and short trading position have fees that are fixed per 1 lot. Separate balance operation starts at 00:00 server time and applies to MT5 Swap-Free accounts.
Simple Steps for Islamic Account Sign-Up
1
Register for a Live Account
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