Do you like Islamic Account?

I am currently trading with OctaFX broker where they have excellent structure that include having ECN account too, but they also have got Islamic Account option, so do you guys like this? I personally love Islamic Account especially with not having to worry about paying overnight charges or any such trouble, it really makes me feel relaxed and comfortable with things while there are several other benefits that makes me love it, so what do you guys think, do you also like it or have you ever tried it?

Islamic account is consistent with Sharia law, this particular trading account is also known as the No Riba Policy, swap free or interest free accounts. Traders can rest assured that they won’t be charged any interests or hidden fees, regardless of their trade amount or type. I do not much idea about islam account in binary options trading. As a binary options trader I am also interested to know more about it. My broker lxmarkets.com has a plan to offer islamic account. I hope they will introduce it very soon. My broker offers the most innovative products and services to achieve success in trading binary options. If you are interested in options trading Please feel free to contact their customer support team so that they can help you open a Binary Options Trading Account.

I am not trading with Islamic trading system because I am a forex trader trading with ECNCAPITAL. But I know little bit about Islamic trading. Islamic trading is basically running with Sariah law. In this trading system there is no interest. It is also called swap free account. I am enjoying my trading with my broker. Because I am earning pretty good from my trading account. As it is regulated trading broker it has a secured investment system.

I don’t have any specific idea about Islamic account. It sounds interesting to know that this account doesn’t have any interest payment, which means traders don’t have to pay swap fee for trading overnight. I don’t think many broker has this account type in their system. I trade with AAFX. It serves the best service in the market but I feel sad that I don’t have this account system. But my broker gives me some unique advantages too like 1 pip fixed spread rate and free trade analysis.

Through I am a Muslim I prefer Islamic account. You know according to islam swap is prohibited and that’s why I avoid trading with swap account. That’s why I have selected micro account of Trade12 which is free from swap. With the account I have the high leverage like 1:400 and the lowest spread and tightest margin level. These facilities always broaden my trading profit indeed.