Traders of Islamic faith can apply for a Swap Free Islamic Account where no interest fees will be credited or debited. We are committed to providing our clients with the best trading conditions.
Spreads on Swap Free Groups:
· USD/TRY 19 pips during the day and 54 at night
· EUR/TRY 24 pips during the day and 64 at night
· GBP/TRY 64 pips during the day and 104 at night
· GAU/TRY 100 points markup (Effecting also the USDRUB)
These 4 pips markups are also affecting the following symbols: AUDNZD, EURDKK, EURNZD, GBPAUD, GBPCAD, GBPNZD, USDDKK, EURNOK, EURHUF, EURILS, EURPLN, EURSEK, EURZAR, GBPSGD, USDCNH, USDHUF, USDILS, USDMXN, USDNOK, USDPKN, USDSEK, USDZAR)
All open positions held at the time 00.00 GMT on Thursday morning will have a commission taken pro rata for every lot:
· GAUTRY – 7700 points (only long positions)
· GOLDTRY – 23100 points (only long positions)
· TRYBASK – 12250 points (only long positions)
· USDRUB – 11000 points (only long positions)
· USDTRY – 10500 points (only long positions)
· EURTRY – 14000 points (only long positions)
· GBPTRY – 2870 points (only long positions)
· ZAR pairs – 120 pips (only long positions)
· HUF pairs – 30 pips (only long positions)
· MXN pairs – 90 pips (only long positions)
· AUD pairs – 8 pips
· 13% annual for stocks long positions
· 12% annual for stocks short positions
The weekly commission charges under the swap-free policy for the following instruments are:(starting from 27.08.2020)
| INSTRUMENT | Long Swap-Free Policy Charge per Lot (in points) | Short Swap-Free Policy Charge per Lot (in points) |
| Crude OIL | -129 | -22 |
| Natural Gas | -1 | -1 |
| Brent Oil | -8 | -2 |
| Heating Oil | -8 | -5 |
| Gasoline | -8 | -5 |
| Soybean | -128 | -111 |
| Wheat | -60 | -52 |
| Platinum | -11 | -6 |
| Palladium | -119 | -4 |
| Copper | -8 | -5 |
| Sugar #11 | -0.48 | -0.3 |
| Cotton #2 | -2 | -1 |
| Corn | -64 | -55 |
| USA 500 | -155 | -134 |
| USA 100 | -309 | -268 |
| USA 30 | -13 | -11 |
| USA 2000 | -81 | -63 |
| Germany 30 | -72 | -50 |
| UK 100 | -61 | -48 |
| France 40 | -38 | -33 |
| Italy 40 | -50 | -39 |
| Spain 35 | -7 | -4 |
| Switzerland 20 | -154 | -126 |
| Dollar Index | -69 | -60 |
| Hong Kong 50 | -6 | -4 |
| Australia 200 | -68 | -49 |
| China 50 | -20 | -18 |
| Japan 225 | -11 | -11 |
| EUR50 | -3.85 | -3.15 |
| NL25 | -35 | -28 |
| CAD60 | -97 | -98 |
| GAUTRY | -2100 | 0 |
| GOLDTRY | -4550 | 0 |
| TRYBASK | -4900 | 0 |
| USDRUB | -11000 | 0 |
| USDTRY | -3500 | 0 |
| EURTRY | -6300 | 0 |
| GBPTRY | -4900 | 0 |
| ZAR pairs | -2800 | 0 |
| HUF pairs | -50 | -50 |
| MXN pairs | -2800 | 0 |
| Shares | 13% annually | 12% annually |
Please note:
· If there is a system abuse – Fortrade can cancel the Islamic account and close any open trades at its discretion.
· Standard lot = 100,000 units of base currency when trading FX pairs; 1,000 when trading GAUTRY, and 100 when trading GOLDTRY.
· Fortrade charges commissions for all stocks (US+OTHER STOCKS) from the 13th Dec, 2018. The charge is made at every Thursday only for swap-free clients.
If you have any questions, please contact your account manager or reach us through ways belows. We will try our best to assist you in your trading.
Email: [email protected]