We offer swap-free accounts to cater to the needs of all traders around the world.
A swap-free trading account, also known as an Islamic Account or Shariah-Compliant Account, is tailored for traders who cannot participate in swaps or interest-related transactions due to religious beliefs. These accounts are free from swap or rollover fees, ensuring that traders neither pay nor receive interest on their overnight positions.
In trading, a swap refers to the interest paid or received for holding a position overnight, calculated based on the differential interest rates of the traded currencies.
At OBO Holding Limited, we provide swap-free accounts to accommodate traders who adhere to Islamic finance principles, ensuring a fair and ethical trading experience.
OBO Holding Limited offers normal swap-free accounts (Islamic Accounts) specifically for Muslim clients who, for religious reasons, opt out of daily swap fees, while a conditional special swap-free accounts program might exist for non-Muslim clients.
Normal swap-free accounts (Islamic Accounts) are automatically provided to clients residing in the following Islamic countries: United Arab Emirates, Algeria, Bahrain, Egypt, Jordan, Kuwait, Libya, Lebanon, South Sudan, Djibouti, Pakistan, Tunisia, Saudi Arabia, Qatar, Oman, Morocco, Türkiye, and Iraq.
Special swap-free accounts are automatically provided to clients residing in some selective non-Islamic countries and/or might be provided upon request to selective clients residing in non-Islamic countries. Please check with your account manager to determine if your country is eligible for the special swap-free accounts program.
Unlike most brokers, who might widen the spreads or impose additional fees (such as handling fees, storage fees, or administration fees), OBO Holding Limited imposes no additional charges on swap-free accounts.
Our swap-free accounts maintain the same trading conditions and terms as regular accounts, with the sole difference being the absence of swaps during the swap-free grace period, which may vary by instrument. Swap-free status is applicable to all account types.
The swap-free option is available for all account types on the MetaTrader 5 trading platforms.
Once your OBO account is designated as swap-free, all your trading accounts and account types will also enjoy swap-free status.
OBO Holding Limited does not substitute the swap by widening spreads or imposing additional fees, ensuring transparent and fair trading conditions.
Special swap-free accounts (for selective non-Muslim countries)
Asset Class | Symbols | Grace Period |
FX Majors | AUDUSD EURUSD GBPUSD NZDUSD USDCAD USDCHF | 5 Days |
USDJPY | 2 Days | |
Gold | XAUUSD XAUEUR | 2 Days |
Cryptos | All Crypto Pairs | 2 Days |
Consider a EURUSD position opened on Thursday before rollover time (23:59 server time), hence 5 days grace period will be counted as follows:
1 | 2 | 3 | 4 | 5 |
Thursday | Friday | Saturday | Sunday | Monday |
The position will become swap enabled if remains open on Tuesday at rollover time (23:59 server time).
Consider a EURUSD position opened on Friday before rollover time (23:59 server time), hence 5 days grace period will be counted as follows:
1 | 2 | 3 | 4 | 5 |
Friday | Saturday | Sunday | Monday | Tuesday |
The position will become swap enabled if remains open on Wednesday at rollover time (23:59 server time). The applied swap will be x3 because it is a Wednesday.
Consider a EURUSD position opened on Monday before rollover time (23:59 server time), hence 5 days grace period will be counted as follows:
1 | 2 | 3 | 4 | 5 |
Monday | Tuesday | Wednesday | Thursday | Friday |
The position will become swap enabled if remains open on Monday at rollover time (23:59 server time). No Swaps on Saturday and Sunday.
Before trading on our swap-free accounts, please ensure that you have read, understood, and agreed to the swap-free related terms and conditions on this page and on the OBO Holding Limited General Terms and Conditions.
The number of days of the grace period varies, depending on the instruments traded. OBO Holding Limited reserves the right to amend the grace period from time to time. It is the responsibility of the client to monitor the respective terms on the company’s website. In cases where the grace period is not specified, the number of swap-free days will be decided upon the company’s sole discretion, depending on the trading style of the client.
OBO Holding Limited reserves the right to cancel swap-free trading and/or retrospectively charge the waived swap fee for existing and future open orders, and/or reverse any cumulative profits derived from the said trading at any given time upon its sole discretion in cases of suspicion of swap abuse aiming at generating riskless profit by abusing the company’s trading conditions.
Examples of forbidden swap abuse activities that might lead to canceling swap-free trading and/or retrospectively charging the waived swap fee for existing and future open orders, and/or reversing any cumulative profits derived from the said trading include, but are not limited to, internal hedging and/or external hedging.
Join OBO Holding Limited today and take advantage of our swap-free accounts, designed to meet the needs of all traders around the globe.
Disclaimer: OBO Holding Limited is not engaging in any action(s) which may be deemed as solicitation of financial services in countries where such action(s)would be contrary to local law or regulation.
Information on this website is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation, and it does not constitute investment advice or a recommendation or a solicitation to engage in any financial services and investment activity.
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Translations into languages other than English are offered for informational and convenience purposes only and are not intended to provide, promote, or solicit financial services to individuals residing in specific countries or regions.
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