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Rustam R
Within 1 year

Does FXTF offer swap-free (Islamic) trading accounts for its clients?

Broker Issues
FXTF
Leverage
Account
Instruments
Platform
01-30
United States
WikiFX
Reply

Based on my experience and careful review of FXTF's publicly available information, I have not found any evidence that they offer swap-free or Islamic trading accounts. As someone who prioritizes transparency and regulatory adherence when choosing a forex broker, I always look for explicit details on such account types, especially for traders who require Sharia-compliance. The absence of clear references to swap-free options on FXTF’s official documentation and platform listings is telling. For me, this lack of offering means that overnight interest—usually prohibited under Islamic finance—would likely apply if I held positions longer than one trading day. I see that FXTF focuses on providing individual and corporate accounts within the Japanese regulatory environment, and I appreciate their regulated status under the Japanese FSA. However, in my own risk management and ethical considerations, the assurance of a properly structured swap-free account is non-negotiable for religious reasons, and I urge any traders with specific faith-based requirements to confirm all details directly with customer support before opening an account. In summary, as of my latest research and practical perspective, FXTF does not currently provide swap-free (Islamic) accounts, and those with such needs should exercise caution and seek alternatives where this is a clearly stated and verifiable feature.

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