PBN Invest offers a special type of account for its customers - Islamic Swap-Free accounts. Owners of Swap-Free accounts pay a fixed commission instead of a swap, which depends not on the interest rates of banks-issuers of currencies, but solely on the type of instrument and the number of open lots. This type of account was created for clients of Islamic faith, which Sharia law does not allow trading with a swap.
The main difference between Islamic accounts and ordinary trading accounts is the lack of payments for the transfer of an open trading position for the next day. Instead, a fixed fee is charged once a week, on a night from Wednesday to Thursday.
Otherwise, the trading conditions of Islamic accounts are completely identical to ordinary trading accounts. You can have both an Islamic account and a regular trading account with the Company.
The "Islamic Account" service can be activated both when registering a new account and for existing trading accounts. In last case, you need to send an appropriate request to the Technical Support Service by e-mail: [email protected].