forex accounts

Clients benefiting from the Tadawul FX No Riba owner may hold positions for an undetermined time at the original opening cost until they are closed & no charges will occur. Tadawul FX may revoke the â No Ribaâ owner in case of abuse with a 48 hour notice by electronic mail.

Islamic foreign exchange accounts are a specific section of foreign exchange trading accounts also called interest free or swap free foreign exchange accounts.
Islamic foreign exchange trading accounts permit clients of Islamic religion to trade on interest free accounts (SWAP free or Roll Over fee) with no additional charge or penalty for the ability to trade in adherence with Islamic religious principles. Clients can open & close positions at any time within the Tadawul FX Metatrader 4 method without being constrained to holding them for a defined period.
Some common Islamic foreign exchange trading account conditions include:

Musharaka or often called joint venture:
This refers to a partnership or joint venture for a specific business with a profit motive, whereby the distribution of profits will be apportioned according to an agreed ratio. In the event of losses, both parties will share the losses on the basis of the agreed ratio.

Hibah (Gift or Donation): The term refers to gifts awarded voluntarily in return for a loan given. Tadawul FX will select different organizations in order to enable investors to donate a percentage of their profits to them.
At Tadawul FX, they offer clients the likelihood to select Islamic Foreign exchange Trading conditions for any of our Foreign exchange account types including Mini, Standard or Premium accounts, irrespective of base money or leverage offered. Islamic trading accounts may even be used for Managed foreign exchange accounts, as the only determining factor is the religion of the client that the trading account belongs to. TDFX allows its clients to trade with no swap charges & with no other additional charges, spread or hidden fees,simply fair & ethical trading conditions for all.
The Islamic Accounts offered by Tadawul FX are not the same as the Islamic Accounts usually offered by other Foreign exchange companies. They differ based on the fact that TDFX offers SWAP free accounts with no other additional charges, whereas most other companies transfer this fee by widening the spread on Islamic Accounts. In order to keep to Islamic religious beliefs, one must not pay interest but if that interest charge is transferred to a different type of fee, it is fundamentally still a charge to cover the interest. This is also known as a SWAP fee in disguise. Tadawul FX does not do this, again demonstrating that TDFX offers fair & ethical trading conditions.
To open an Islamic Foreign exchange account with TDFX, basically complete our online foreign exchange trading account opening form & select the 'swap-free' option.