JustMarkets is pleased to offer swap-free trading accounts for both Muslim and non-Muslim clients. This initiative accommodates various trading strategies while respecting the principles of Islamic finance.
There are two distinct levels of swap-free status available to non-Muslim clients at JustMarkets:
| Extended Swap-Free | Standard Swap-Free |
|---|---|
|
|
Checking Your Swap-Free Level
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Trading Accounts (for Islamic countries):
- Log in to your Personal Area.
- Go to the My Accounts page
- Click the settings icon (three dots) next to your trading account and select Account Information.
- In the bottom you will see the information about Swap type
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Personal Area:
- Log in to your Personal Area
- Go to the Profile section
- You will see the Swap-Free Level tab - click on it to view detailed information about your current swap-free level (Standard or Extended)
- If your account is already fully swap-free, the Swap-Free Level tab will not be visible, since no level distinction applies in that case.
-
JustMarkets Trading App:
- Open the JustMarkets Trading App.
- Tap the top left menu icon to access your Profile.
- You will see your swap-free level displayed in your profile information.
Changing between Swap-Free Levels
Your swap-free level may change depending on your trading activity. If the trading activity does not meet the criteria for the Extended level, the account may be adjusted to Standard swap-free. You’ll receive an email notification if your swap-free status changes from Extended to Standard.
Important Conditions and Rights
Changes and Modifications: JustMarkets reserves the right to modify, change, or cancel the swap-free levels/status and the list of swap-free instruments at any time.
For clients from Islamic countries, swap-free status is set by default, and these clients do not pay swaps on any trading instruments, in accordance with Islamic finance principles.
List of swap-free countries
- Afghanistan
- Albania
- Azerbaijan
- Bangladesh
- Burkina Faso
- Bahrain
- Brunei
- Bouvet Island
- Algeria
- Egypt
- Guinea
- Indonesia
- Iraq
- Jordan
- Kuwait
- Kazakhstan
- Libya
- Morocco
- Mauritania
- Maldives
- Malaysia
- Niger
- Nigeria
- Oman
- Pakistan
- Qatar
- Saudi Arabia
- Sudan
- Senegal
- Somalia
- Syria
- Tajikistan
- Turkmenistan
- Tunisia
- Turkey
- United Arab Emirates
- Uzbekistan
- Yemen
Note: Swap-free status does not apply to demo accounts. Ensure you are aware of the account type and its associated conditions when trading.
This setup helps cater to a diverse clientele, allowing traders to engage with the markets under terms that align closely with their trading strategies and cultural principles.