MH Markets offers swap-free accounts in accordance with Sharia law principles. These accounts remove overnight interest charges (swap fees) on positions held beyond one trading day, providing a trading experience that aligns with Islamic finance guidelines.
- Full name (as registered on your account)
- Trading account number(s)
- Proof of Islamic religion
Our team will review your request. And upon completion, you’ll receive a confirmation email. After that, you can enable or disable Swap-Free mode on any of your trading accounts at any time from the My Profile section.
Swap-Free Trading Conditions
Each trade position will be swap-free for 7 days, with swap fees applicable from the 8th day, including weekends (Saturday and Sunday). Swap charges are calculated based on position size (lot size) and the duration the position remains open, just like normal swap calculations.
After the initial 7‑day swap‑free period, swap is charged daily. You will see deduction in your trading account history with the remark:
MLN_MTWD
This remark indicates that the account was previously benefiting from the swap‑free period and is now being charged standard swap fees.
Fair Usage Policy
Swap‑free accounts are provided strictly for religious compliance purposes. Any use for:
- Arbitrage strategies
- Swap exploitation
- Systematic abuse
may lead to revocation of swap‑free status without prior notice.