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Does Midas Securities offer a swap-free (Islamic) account option for traders?

Broker Issues
Midas Securities
Leverage
Account
Instruments
Platform
03-09
Estados Unidos
WikiFX
Sagot

In my experience reviewing the available information on Midas Securities, I could not find any mention of swap-free or Islamic account options being offered. Their primary product range is centered around Hong Kong-listed stocks, warrants, ETFs, and bonds, with details heavily focused on trading processes, fee schedules, and regulatory status rather than specific account types catering to religious or ethical requirements. Usually, brokers that provide Islamic accounts highlight this clearly due to the unique nature of such services—especially because they cater to traders who must avoid interest (riba) under Sharia law. Midas Securities gives a comprehensive breakdown of fees and product offerings, but there is no indication in their documentation or on their website that swap-free accommodations are available. This lack of clear reference makes me cautious about recommending Midas Securities to anyone specifically seeking Islamic trading conditions. For those of us with strict requirements on interest charges or other religious considerations, it’s important to see explicit terms and conditions before proceeding. My approach would be to contact their customer support directly for the most up-to-date clarification on this topic. Until such confirmation is obtained, I would personally not assume that Midas Securities supports swap-free trading. This highlights the broader importance of thoroughly researching and verifying broker features to ensure that specific needs—such as compliance with Islamic finance principles—are met before opening an account.

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