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AXITRADER: Are there any special conditions I need to know about Islamic Trading Accounts?
Source:https://support.axi.com/hc/en-us/articles/4403609247769-Are-there-any-special-conditions-I-need-to-know-about-Islamic-Trading-Accounts- | Author:finance-102 | Date2023-02-10 | 211 Views | Share:
Once approved for an Islamic account, you will be issued with a Trading Notice outlining details of the interest free nature and general conditions of the account. Please be aware that Axi reserves the right to monitor an interest free account to ensure it is being used in good faith and for the purposes intended, and contact you directly if we suspect any irregularities.

Once approved for an Islamic account, you will be issued with a Trading Notice outlining details of the interest free nature and general conditions of the account. Please be aware that Axi reserves the right to monitor an interest free account to ensure it is being used in good faith and for the purposes intended, and contact you directly if we suspect any irregularities.


Be informed that we do not allow client to hold any other account type at the same time with Swap free/Islamic Trading account, hence if you currently have an existing standard/pro account it will be closed before your swap free account can be opened. Should you currently have any open positions, please make sure to close them.