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Islamic account

For our Islamic customers, we have structured an account to exempt all swap costs/credit for your account.

Exclusive Islamic accounts (additionally known as “switch-loose debts”) do now not observe swaps or rollovers at the hobby of positions held overnight, which is against the Islamic faith. Learn more about our Swap Free Policy.

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islamic

Advantages of the Islamic Account

global-market

Trade within the global market according to the Muslim religion.

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No interest/change costs on overnight positions

Conditions of the Islamic Account

Please be aware that personal account holders can have a change-free or widespread switch account at any time. MB Group FX reserves the right to revoke the switch-loose repute granted to any energetic buying and selling account in case of abuse.

What is the Swap Rate?

The swap rate or “rollover price” is a hobby charge charged when you keep a role open daily. Each foreign money pair’s swap rate is calculated primarily based on a popular lot (100,000 base gadgets) and determined primarily based on interbank fees

  • Please see the fees listed on the MT4 trading platform for the modern-day swap quotes..
  • Please note that change fees are decided two days in advance in spot foreign exchange trading. For instance, if buying and selling opens on Thursday, the switch begins on Monday. For Friday, buying and selling, the swap begins on Tuesday.
  • Please also be aware that change prices are tripled on Wednesdays to bear in mind the weekend.
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Swaps for currency pairs with USD because the quote forex

(COUNTERPARTY CURRENCY)
Swap Rate = Contract Size x Lots x Swap (factors) x Minimum Fluctuation (points) x Days

Swaps for currency pairs with Non-USD because the quote foreign money

(COUNTERPARTY CURRENCY)
Swap Rate = Contract Size x Lots x Swap (factors) x Minimum Fluctuation (points) x Days x PIP Value at Market Close

Swap Rate Example

For a quote to five decimals

  • Buy EUR/USD at -2.2 switch factors.
  • Sale at 0 factors
  • If an investor opened one lot on Monday and closed the placement on Thursday, then the buying and selling days payable for the swap are 1+1+3=five
  • The switch is calculated as follows: a hundred,000 (Contract Size) x 1 (Lot) x -2.2 points (Swap Points) x zero.00001 (Minimum Fluctuation Points) x five days = -eleven
  • Les frais de modification sont de 11 $

For a quote to four decimals

  • Buy EUR/USD at -zero.22 switch points
  • Sale at zero points
  • If an investor opened one lot on Monday and closed the position on Thursday, then the buying and selling days payable for the switch are 1+1+3=five
  • The switch is calculated as follows: 100,000 (Contract Size) x 1 (Lot) x -0.22 switch factors x 0.0001 (Minimum Fluctuation Points) x 5 days = -eleven
  • The switch charge is $11

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Copyright ©: 2024 MB Group Limited. All rights reserved. MB Group FX is a registered trading name of MB Group  Limited. Honeywell House, Skimped Hill Lane, Bracknell, Berks, RG12 1EB. MB Group Exchange is the trading name of MB Group Corporation, incorporated in Honeywell House, Skimped Hill Lane, Bracknell, Berks, RG12 1EB. MB Group Limited with company number 02226007.Risk Investments: Trading foreign exchange and contracts for differences in margin involves a high level of risk and may not be suitable for all investors. It is possible to suffer a loss over the funds deposited. Please refer to the specific risk notice for each regulated entity during the account opening process.