Question: Does Islamic swap free account have more trading costs/fees than the normal MT4 accounts?
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No, all Islamic swap-free accounts will have the same conditions as the normal account types, but only there will be no swap charges.
You can choose either from Micro, Premium, Currenex, VIP or Fix account, and change the account to status to swap-free.
And other than the swap-free condition, you will have the same conditions as the normal account.
But please note that there will be “Carry Charge” to swap-free accounts.
This charge will be incurred when a swap-free account holds an open position over 7 continuous days.
You can find the full information of this “Carry Charge” in the terms and conditions of HotForex.
There will be no “Carry Charge” on normal trading account types, but only swap charges.
