How to Open An Islamic Account
The swap-free option can be chosen as part of the trading account registration in 3 easy steps:
Open a trading account with us
Login to the Members Area and validate your account
Request An Islamic Account
As soon as our relevant department receives your request, your trading account will receive swap-free status and you will be notified by email accordingly. Please note that Gallen Capital reserves the right to revoke the swap-free status granted to any real trading account in the event of any form of abuse such as rollover arbitrage, swap arbitrage or the Clients are not the followers of Muslim faith.
No Expiration, No Spread Widening, No Commissions and No Hidden Fees.
100% Shariah Compliant.
Account Features at a Glance
The Gallen Capital accounts differ greatly from those generally offered by other brokers. The difference lies in the fact that unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, Gallen Capital imposes no additional charges.
In order to abide by the religious law of Islam, traders of Islamic belief are forbidden to pay interest. However, if the interest charge is transferred to a different type of fee, it is basically still a charge that covers the interest. This is also known by the name of swap-free in disguise. Gallen Capital is firmly against such practices as it opposes to fair and ethical trading conditions. We are fully supportive of Muslim faith believer.
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