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TMGM offers Islamic Accounts (Swap-Free Accounts) for clients who cannot earn or pay interest due to religious practices. These accounts are available with Edge and Classic account types on the MetaTrader 4 and MetaTrader 5 platforms, ensuring compliance with Sharia principles.
We are committed to providing traders with best-in-class tools, state-of-the-art trading infrastructure, and a seamless trading experience tailored to your needs.
TMGM's Swap-Free Accounts allow traders to operate without paying or receiving interest or swap charges on overnight positions, ensuring compliance with Sharia principles. While major and minor FX pairs are fee-free, a small financing fee applies to certain instruments: $10 USD per lot for Oil, $100 for Exotic FX in TRY, and $20 for other Exotic FX pairs. Non-USD accounts will have fees converted using the prevailing USD exchange rate.
These accounts are available for Edge and Classic holders and can be accessed via MetaTrader 4 and 5. TMGM supports Swap-Free Accounts in the following countries: Azerbaijan, Bangladesh, Bahrain, Burkina Faso, Brunei, Algeria, Egypt, Guinea, Indonesia, Jordan, Kyrgyzstan, Kuwait, Morocco, Mauritania, Maldives, Malaysia, Niger, Oman, Pakistan, Palestinian Territory, Qatar, Sierra Leone, Chad, Tajikistan, Turkmenistan, Tunisia, Turkey, Uzbekistan, and Kosovo.
Note: Before applying, ensure you understand and agree to the account's terms and conditions. For more details and the full terms, click here.