Islamic forex trading accounts are an interest free or swap free account type that Hantec Markets offer exclusively to Islamic clients who for religious reasons cannot trade on interest/swap incurring accounts.
Hantec’s Islamic account offering allows clients of Islamic religion to trade on interest free accounts (swap free/rollover free) in accordance with Islamic religious principles. Clients can open and close positions on Hantec Markets’ MetaTrader 4 platform without being constrained to holding them for a defined period to avoid swaps from incurring.
Hantec Islamic Forex Accounts - Terms & Conditions
Clients benefiting from interest/swap free accounts can hold their positions for an undetermined period of time without incurring any interest, however positions held for more than a week will be charged a holding fee of USD 25 per lot per week. Islamic trading account conditions are offered for all account types, regardless of base currency or leverage offered.
The only determining factor to Islamic account eligibility is the religion of the client. Islamic accounts for speculative purposes are not tolerated. Hantec Markets reserves the right to discontinue an Islamic/swap free account without warning. Hantec Markets will revoke this right in cases of abuse/suspicion of abuse, in which case Hantec Markets may at its sole discretion decide to close all open positions in the account and deduct or add the swaps that the transactions would have incurred under normal circumstances. This may also be done retroactively if assessed necessary.