An Islamic or swap-free account is -as the name mentions- an account that is not subject to swaps. This specific account can be requested by clients who follow the Sharia law.

How does it work?

An Islamic account offers the same features that are provided in the account types offered by Global GT, with the only difference that positions on certain FX and other CFD instruments can be held open overnight swap-free and with no additional fees on trades.

Here is the structure of the swap-free account:

InstrumentFinancing Fees
FX MajorsSwaps applied after 6 days
FX MinorsSwaps applied after 6 days
CFD EnergiesSwaps applied after 4 days
CFD IndicesSwaps applied after 4 days

The below are not subject to swap-free accounts :

InstrumentFinancing Fees
FX ExoticsSwaps applied daily
CFD StocksSwaps applied daily
CFD GTi12 IndexFinancing fees applied every 4 hours

If you wish to open a swap-free account, simply send your request to [email protected], or open a ticket through your Client Portal.
Certain conditions apply in order to be eligible to open a swap-free account.

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