Must all Muslim faith people open "Islamic swap-free" MT4 account with HotForex?

Notice

This FAQ has ended its release period. Please check HotForex's latest information and campaign on HotForex's company introduction page.

HotForex - What's now?

We are no longer promoting HotForex. The information regarding to HotForex on the website '' maybe outdated. ref. HotForex

No, it is not a “must”, but it depends on the faith you are following.

Even though, you are following the Muslim Faith, but wish to open(or allowed to open) a normal trading account with swap charges, then you are certainly free to open such type of trading account.

Swap-Free account is offered as an option for traders who are following Muslim faith.

In fact, normally Forex brokers do not prefer to offer swap-free accounts as the brokers will need to cover the cost of all swap charges instead.

To avoid larger loss by this swap-free account, HotForex charges “Carry Charge” to all swap-free account in case such account type holds an open position over 7 days continuously.

The “Carry Charge” isn’t exactly swap-charges, but it incurs only to Islamic swap-free accounts.

If you are in a situation where you can receive extra profits from swaps, then there are 8 different account types available for you offered by HotForex.

Find out more about trading account types and conditions in HotForex Official Website.