67% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Swap Free Account Trading Conditions

Clients following the Muslim faith can open a forex & CFD trading account without any rollover interests on overnight positions (=swap interests). The reason for the Islamic Account is to avoid the need for paying and receiving interest which is prohibited in Islam.

 

How to open a Swap Free Account

– Open a GCMAsia trading account on your desktop, mobile, or tablet
– Complete the full registration process (and send us your supporting ID documents)
– Send an email to [email protected] with a request for Swap Free Account
 
Spreads on Swap-Free Groups will be wider by 4 pips on specific instruments compared to the default spreads.
The affected symbols are:

AUDNZDUSDDKKEURPLNEURPLN
EURDKKUSDTRYEURSEKUSDILS
EURNZDGBPTRYEURZARUSDNOK
GBPAUDEURNOKGBPSGDUSDSEK
GBPCADEURHUFEURTRYUSDPLN
GBPNZDEURILSUSDHUFUSDZAR

 
The weekly fees under the swap-free policy for the following instruments are:  

INSTRUMENTLong Swap-Free Policy Charge per Lot (in points)Short Swap-Free Policy Charge per Lot (in points)
Crude Oil-84.350
Natural Gas-3.150
Brent Oil-9.520
Heating Oil-31.640
Gasoline-31.640
Soybean-128-111
Wheat-60-52
Platinum-11-6
Palladium-2170
Copper-42.210
Sugar #11-2.310
Cotton #2-8.960
Corn-64-55
USA 500-474.670
USA 100-1371.230
USA 30-36.890
USA 2000-210.980
Germany 30-158.20
UK 100-84.350
France 40-79.10
Italy 40-291.130
Spain 35-9.80
Switzerland 20-116.060
Dollar Index-105.490
Hong Kong 50-22.120
Australia 200-115.080
China 50-20-18
Japan 225-11-11
Euro 50-4.550
Netherlands 25-84.350
Canada 60-126.560
GAUTRY-8,4000
GOLDTRY-17,5000
TRYBASK-15,4000
USDRUB-11,0000
USDTRY-14,0000
EURTRY-16,8000
GBPTRY-21,0000
ZAR pairs-2,8000
HUF pairs-50-50
MXN pairs-2,8000
AUD pairs8 pips0
Shares18% annually17% annually

 
Please note:

  • If a system abuse is detected – GCMAsia reserves the right to cancel the Islamic account with immediate effect, and close any open trades at its discretion
  • The standard lot size is defined in the trading conditions
  • The charge is made for swap-free clients only every Thursday, for all open positions held at 21:00 GMT night between Wednesday and Thursday
  • Closed positions that were left open during the times mentioned above, will be charged pro-rata for each lot

 

If you need any further information on the markup charges and how they apply to Swap Free Accounts, please contact your account manager or send us an email. We will try our best to assist you in your trading.