Demo Account Guide
Demo Account Guide
R

Is there any swap free account?

J Jule Mancini Pakistan Nov 25 2022

Is there any swap-free account available in the Tickmill trading account? I can't seem to find any information about it. I would be glad if someone could help me point it out. I really need a swap-free account from a broker that I can trust. So far, Tickmill seems to check all the boxes. I just need to know if they do have this feature.

E Elkan
South Africa Jan 24 2024

@Jule Mancini: Greetings! While Tickmill doesn't explicitly offer a swap-free account, they do accommodate traders following Islamic principles by presenting the Islamic Account, essentially serving as a swap-free alternative in adherence to Islamic law. This specialized account conforms to Islamic finance principles, enabling traders prioritizing Sharia law adherence to participate in trading sans interest or swap charges, presenting an ideal choice for those aligning their financial practices with religious beliefs. For Muslim traders, acquiring this account is streamlined by furnishing necessary documents like ID's validating their religious affiliation. However, it's essential to note that non-Muslim traders aren't eligible for the Swap Free account. If Tickmill suits your preferences and you engage in short-term trading, you can avoid swap fees. However, for extended trades, it's advisable to explore other brokers if you're not of the Muslim faith.

Other Testimonials
India
r Rahulthorttll
Dec 19 2022
 
Tickmill is undoubtedly the best broker for forex. I have... More
Switzerland
K Kent Gill
May 30 2023
 
This review is based on my time using them. In... More
Ukraine
A Alexis Stevenson
May 30 2023
 
I have been requesting a withdrawal from Tickmill for a... More
Nigeria
A Arturo Obrien
May 24 2023
 
I have become increasingly dissatisfied with Tickmill due to the... More
France
M Michael Collier
May 22 2023
 
Depositing funds was a quick and straightforward process. Additionally, they... More
Canada
K Kerry Brady
May 19 2023
 
Easily one of the best choices for beginners. They offer... More

More Brokers Testimonial