Trendo Broker offers Islamic accounts (Swap-free) to provide Muslim traders with trading conditions compliant with Islamic financial principles. In these types of accounts, the overnight interest (swap) on certain trading instruments is eliminated, allowing traders to engage in trading activities without the concern of earning or paying interest.
Swap Removal for Selected Instruments: In Trendo's Islamic accounts, the overnight interest (swap) is removed for gold (GOLD) and major currency pairs. For other trading instruments, overnight interest still applies.
Same Trading Conditions as Standard Accounts: Islamic accounts have the same spread, commission, and order execution speed as other ECN accounts at Trendo.
No Hidden Fees: Trendo does not apply any additional charges or increased spreads for Islamic accounts.
To activate an Islamic account at Trendo, follow these steps:
Submit a Request to Support: After logging into your user area, go to the support section and request to convert your account to an Islamic account.
Approval and Activation: Once the request is reviewed and approved, your Islamic account will be activated.
Note: If you wish to convert other real accounts to Islamic accounts, mention this in your support message.
Account Conversion Limitations: Only real accounts can be converted to Islamic accounts. Demo, PAMM, Bonus, Contest, CopyTrade, and Referral Wallet accounts cannot be converted.
Swap-free Coverage: The Islamic account includes gold (GOLD) and major currency pairs. For other instruments, overnight interest is applied.