Trade the financial markets without swaps
Trade the financial markets without swaps
LiteFinance gives users access to financial markets and Tier-1 liquidity without swaps.
Open Swap-Free accountSwap-Free accounts specifications
Order processing
ECN+STP model
Quotes
Five-digit high-accuracy quotes
Spread
Floating, from 0 points
Available markets
Currency, Crypto, Commodities, Stocks, Indices
Benefits of Swap-Free accounts at LiteFinance
- They respect the principles of Islam
- They do not pay/charge interest for carrying over positions
- They do not charge extra maintenance fees or increased spreads
- Trading terms aren't different from regular accounts
- No limits on trading strategies or advisors
- Any account types: CLASSIC or ECN accounts with raw spreads
Swap-Free accounts comparison
SWAP-FREE ECN
Swap
No
Available markets
FX, Crypto, Stocks, Indices, Commodities
Execution model
NDD, ECN+STP
Platforms
MT4, MT5, LiteFinance
Spread
floating, from 0 points
Account base currency
USD, EUR
Contract size (1 lot)
FX: $100000
Natural gas: 10000 MMBtu
Platinum: 50 oz
Palladium/Gold: 100 oz
Silver: 5000 oz
Oil: 10 barrels
Shares: 1 share
Indices: 1 contract
Fixed commissions per lot
Yes
Leverage
1:1 - 1:1000
Execution type
MARKET EXECUTION
Minimum deposit
$50
Recommended average deposit
$5000
% per annum on surplus funds
no
Maximum number of orders
300
Margin Call Level
100%
Stop Out Level
20%
Client funds segregation
Yes
SWAP-FREE CLASSIC
Swap
No
Available markets
FX, Crypto, Stocks, Indices, Commodities
Execution model
NDD, STP
Platforms
MT4, MT5, LiteFinance
Spread
floating, from 0,00002 points
Account base currency
USD, EUR
Contract size (1 lot)
FX: $100000
Natural gas: 10000 MMBtu
Platinum: 50 oz
Palladium/Gold: 100 oz
Silver: 5000 oz
Oil: 10 barrels
Shares: 1 share
Indices: 1 contract
Fixed commissions per lot
No
Leverage
1:1 - 1:1000
Execution type
MARKET EXECUTION
Minimum deposit
$50
Recommended average deposit
$2000
% per annum on surplus funds
no
Maximum number of orders
300
Margin Call Level
100%
Stop Out Level
20%
Client funds segregation
Yes
What is Swap-Free islamic account in forex?
An Islamic account is an account type that does not involve swaps for carrying positions over to the next day. When using Islamic accounts, traders only pay commissions and fees that do not contradict the Sharia principles. As for the rest. Islamic accounts provide the same benefits as other LiteFinance trading accounts.
Click here to learn more about the terms of using Islamic accounts at LiteFinance.
How to open an Swap-Free trading account?
If you aren't a client at LiteFinance, register fast and easy. Enter your country, phone number, email, password, and first account currency. Then, accept the Client Agreement terms. Click on "Register."
Set the real trading mode in the upper right corner next to your profile picture. After that, go to the "METATRADER" section on the left dashboard. In the section that opens, you can change the leverage size, as well as the currency of an open trading account. In addition, in the section you can open new Islamic trading accounts of any type.
Go to the PROFILE section and click on the "Verification" tab. Then, apply for an Islamic account. Your application will be examined within one business day, and your accounts will be switched to "Swap-Free." Once your application is approved, all the accounts you open will be Swap-Free.
Go to the FINANCE tab, choose a payment method, and top up your trading account. The account will be funded within a few minutes, except for deposits via a bank transfer. A deposit by bank transfer can take up to 3 business days, depending on the bank's open hours.
Available trading platforms
LiteFinance Web Platform
The most user-friendly and technologically advanced platform with over a million traders.
OpenTools for successful trading
Benefits of trading in swap-free accounts at LiteFinance
More than 19 years in the market
Our cutting-edge technological solutions and understanding of traders' needs, combined with the best conditions, have allowed us to make online trading convenient and profitable for any client.
Independent trading ecosystem
Trader blog with educational materials, built-in trading signals, and analytics for a wide range of trading instruments, trader chats, and Internet channels providing useful information on financial markets – all of these on the same platform.
Copy trading system
Attach your trading account to professional traders to copy their positions automatically. A pro trader's positions will be automatically copied into your account. You can choose your trader using our rating and based on their risk and profitability levels.
Best trading conditions
Tight spreads, Tier-1 liquidity, and a fair ECN+STP processing model without fees and with no dealer intervention. We provide an easy-to-use web platform with built-in indicators and a technical analysis toolkit.
Prompt and beneficial deposits and withdrawals
Variety of payment methods: Visa or MasterCard, all popular e-payment systems, and local bank transfers. Automatic money withdrawals and deposit fee refunds.
Client funds segregation
LiteFinance segregates clients' funds from the company's, holding them in separate AA accounts. That ensures maximum safety.
Swap-Free Account Terms
Swap-free accounts are automatically opened for clients in the following countries: Malaysia, Pakistan, Afghanistan, Bangladesh, Tajikistan, Uzbekistan, Qatar, Yemen, Iran, Egypt, Indonesia, Kyrgyzstan, Turkey, Morocco, Algeria. Residents of these countries do not need to apply for a Swap-Free account.
For other traders, Swap-Free accounts are provided only after filling out an application in the Client Profile.
Swap-free accounts are unavailable for clients in the following countries: China, South Korea, Vietnam.
Please note that the company has the right to refuse to provide Swap-Free accounts at its sole discretion, as a swap is a commission for transferring open positions to the next day. Please read the Swap-Free Accounts Terms of Use.
