Swap-Free Account
LucrorFX is glad to offer its Islamic clients swap-free accounts (accounts without swaps), as the Sharia laws prohibit swaps (extra rewards). Instead of swap expenses, Clients with swap-free accounts are charged with a fixed commission, which is dependent only on the type of a currency pair and a number of open positions, but not on the banks’ interest rates.

Swap-free accounts, which are also known as “Islamic accounts”, are available for all clients who prefer commission over swaps.

Commission for Swap-free account
Currency pairs Commission (USD)
CADCHF, CADJPY, EURGBP, EURJPY,
USDCHF,GBPJPY, USDJPY, EURUSD,
GBPUSD,USDCAD, XAGUSD
5
CHFJPY, NZDUSD, NZDCAD, NZDJPY
10
AUDCAD, AUDCHF, AUDJPY, AUDNZD,
AUDUSD, EURAUD, EURCAD, EURCHF,
EURNZD,GBPAUD, GBPCAD, GBPCHF,
GBPNZD
20
Note
** The commission (USD) specified in the table is for 1 standard lot. The total daily commission is the commission for 1 lot multiplied by a number of lots. The commission is taken off the account every day, at 12 a.m. server time.