Islamic Account at Trendo Broker
Trendo Broker offers Islamic accounts (Swap-free) to provide Muslim traders with trading conditions compliant with Islamic financial principles. In these types of accounts, the overnight interest (swap) on certain trading instruments is eliminated, allowing traders to engage in trading activities without the concern of earning or paying interest.
Features of Islamic Accounts at Trendo
Swap Removal for Selected Instruments: In Trendo's Islamic accounts, the overnight interest (swap) is removed for gold (GOLD) and major currency pairs. For other trading instruments, overnight interest still applies.
Same Trading Conditions as Standard Accounts: Islamic accounts have the same spread, commission, and order execution speed as other ECN accounts at Trendo.
No Hidden Fees: Trendo does not apply any additional charges or increased spreads for Islamic accounts.
How to Activate an Islamic Account
To activate an Islamic account at Trendo, follow these steps:
Submit a Request to Support: After logging into your user area, go to the support section and request to convert your account to an Islamic account.
Approval and Activation: Once the request is reviewed and approved, your Islamic account will be activated.
Note: If you wish to convert other real accounts to Islamic accounts, mention this in your support message.
Important Notes
Account Conversion Limitations: Only real accounts can be converted to Islamic accounts. Demo, PAMM, Bonus, Contest, CopyTrade, and Referral Wallet accounts cannot be converted.
Swap-free Coverage: The Islamic account includes gold (GOLD) and major currency pairs. For other instruments, overnight interest is applied.
No Impact on Other Trading Conditions: Converting to an Islamic account does not affect other trading conditions such as leverage, minimum deposit, and available trading instruments.
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