Mtrading - News

    Mtrading

    398.00 9.00/10
    62% of positive reviews
    Real

    Introduction to our new Islamic account

    Thu, 14 Feb 2019 14:23

    1550141284

    Dear Traders,

    There's no doubt that currency trading is one of the most difficult dilemmas in Islamic Jurisprudence (Faqih). Modern Forex market normally poses a problem for those following Islamic law, due to the possible usurious interest charged for the rollover.

    MTrading understand the drawback of regular trading conditions. And, to resolve this issue, we have come to the conclusion, introducing:

    The All-New Islamic Account

    So what opportunities will this bring?

    - No More Restriction

    Islamic accounts do not pay or earn swap or interest on any trades for Currencies, Commodities & Indices.

    - Trading without fee nor commission

    One of MTrading's advantage is that there is no charge on the first 7 days (with the exception of EURRUB, USDRUB and USDCNH), completely free and apply for each position separately!

    After that period, any trades open for more than 1 day in the available pairs will be charged a small flat rate of administrative charge*.

    - Ever perfecting Trading Conditions

    Other conditions such as the MTrading's top notch M.Premium Account tight spread and lightning order-execution-speed are remain intact**.

    Please be aware that all existing Swap-free accounts will be changed into Islamic Account starting from February 18th, 2019. We'd also like to recommend all Swap-free accounts holders to prepare for the upcoming changes.

    Full details of charges can be found below:

     

    Symbol Admin Fee (USD per lot) Charge cycle (days)

    AUDCAD

    5

    7

    AUDCHF

    12

    7

    AUDJPY

    5

    7

    AUDNZD

    5

    7

    AUDUSD

    5

    7

    CADCHF

    12

    7

    CADJPY

    5

    7

    CHFJPY

    12

    7

    EURAUD

    5

    7

    EURCAD

    5

    7

    EURCHF

    12

    7

    EURGBP

    5

    7

    EURJPY

    5

    7

    EURNZD

    5

    7

    EURRUB

    45

    1

    EURUSD

    3

    7

    GBPAUD

    5

    7

    GBPCAD

    5

    7

    GBPCHF

    12

    7

    GBPJPY

    5

    7

    GBPNZD

    5

    7

    GBPUSD

    3

    7

    NZDCAD

    5

    7

    NZDCHF

    12

    7

    NZDJPY

    5

    7

    NZDUSD

    5

    7

    USDCAD

    5

    7

    USDCHF

    12

    7

    USDCNH

    45

    1

    USDHKD

    12

    7

    USDHUF

    12

    7

    USDJPY

    3

    7

    USDNOK

    12

    7

    USDPLN

    12

    7

    USDRUB

    45

    1

    USDSEK

    12

    7

    USDSGD

    12

    7

    GOLD

    8

    7

    SILVER

    2

    7

    Indices (Dax30 etc)

    1

    7

    Energies (Brent, Natural Gas, WTI)

    1

    7

    *Triple charges applicable on Friday night

    **Rates & holding period is subject to change to reflect market conditions when necessary.

    Kind Regards,

    MTrading


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree