Traders of Islamic faith can apply for a Swap Free Islamic Account where no interest fees will be credited or debited. We are committed to providing our clients with the best trading conditions.
Spreads on Swap Free Groups:
· USD/TRY 19 pips during the day and 54 at night
· EUR/TRY 24 pips during the day and 64 at night
· GBP/TRY 64 pips during the day and 104 at night
· GAU/TRY 100 points markup (Effecting also the USDRUB)
These 4 pips markups are also affecting the following symbols: AUDNZD, EURDKK, EURNZD, GBPAUD, GBPCAD, GBPNZD, USDDKK, EURNOK, EURHUF, EURILS, EURPLN, EURSEK, EURZAR, GBPSGD, USDCNH, USDHUF, USDILS, USDMXN, USDNOK, USDPKN, USDSEK, USDZAR)
All open positions held at the time 00.00 GMT on Thursday morning will have a commission taken pro rata for every lot:
· GAUTRY – 700 points (only long positions)
· GOLDTRY – 2800 points (only long positions)
· TRYBASK – 2030 pips (only long positions)
· USDRUB – 1100 pips (only long positions)
· USDTRY – 1610 pips (only long positions)
· EURTRY – 2100 pips (only long positions)
· GBPTRY– 2310 pips (only long positions)
· ZAR pairs – 120 pips (only long positions)
· HUF pairs – 30 pips (only long positions)
· MXN pairs – 90 pips (only long positions)
· AUD pairs – 8 pips
· 13% annual for stocks long positions
· 12% annual for stocks short positions
· If there is a system abuse – Fortrade can cancel the Islamic account and close any open trades at its discretion.
· Standard lot = 100,000 units of base currency when trading FX pairs; 1,000 when trading GAUTRY, and 100 when trading GOLDTRY.
· Fortrade charges commissions for all stocks (US+OTHER STOCKS) from the 13th Dec, 2018. The charge is made at every Thursday only for swap-free clients.
If you have any questions, please contact your account manager or reach us through ways belows. We will try our best to assist you in your trading.
MY roll-free number: 1800813015