Islamic Trading Accounts

ISLAMIC
TRADING ACCOUNTS

Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith. We offer our Islamic accounts to clients following the Muslim faith.

How to Open An Islamic Account

The swap-free option can be chosen as part of the trading account registration in 3 easy steps:

As soon as our relevant department receives your request, your trading account will receive swap-free status and you will be notified by email accordingly. Please note that Gallen Capital reserves the right to revoke the swap-free status granted to any real trading account in the event of any form of abuse such as rollover arbitrage, swap arbitrage or the Clients are not the followers of Muslim faith.

No Expiration, No Spread Widening, No Commissions and No Hidden Fees.
100% Shariah Compliant.

Account Features at a Glance

No interest/swap charges on overnight positions
No spread widening
No up-front commissions
Positions can be held with no time limit
No re-quotes, no hidden costs
Leverage up to 500:1
100% real-time market execution
Same trading conditions as for our trading account types
Free and instant access to all trading platforms
24/5 dedicated support from your Client Account Manager

Benefits

The Gallen Capital accounts differ greatly from those generally offered by other brokers. The difference lies in the fact that unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, Gallen Capital imposes no additional charges.

In order to abide by the religious law of Islam, traders of Islamic belief are forbidden to pay interest. However, if the interest charge is transferred to a different type of fee, it is basically still a charge that covers the interest. This is also known by the name of swap-free in disguise. Gallen Capital is firmly against such practices as it opposes to fair and ethical trading conditions. We are fully supportive of Muslim faith believer.