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 – 1400 points (only long positions)
· GOLDTRY – 3850 points (only long positions)
· TRYBASK – 3500 pips (only long positions)
· USDRUB – 1100 pips (only long positions)
· USDTRY – 2590 pips (only long positions)
· EURTRY – 3500 pips (only long positions)
· GBPTRY– 4200 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.