Don’t waste your time – keep track of how NFP affects the US dollar!

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Swap Free - Islamic accounts

Use Swap Free to trade without interest

FBS works with clients from all over the world and is ready to provide its services irrespective of their religion.

Islamic faith prohibits Muslims from receiving or paying interest. To make trading ethical and provide equal opportunities to all our clients, FBS offers the Islamic option.

How Islamic option works

For example, you open a long position for EUR/USD. It means that you borrow USD to buy EUR.

The following rates apply

  • US Federal Reserve interest rate is 1.5%

  • European Central Bank deposit rate is 0.5%

Imagine, you borrow $100,000 from the US Federal Reserve to deposit €95,000 to your account in the European Central Bank. Each time when you transfer positions through midnight you'll pay 1.5% rate for your loan in the US Federal Reserve and receive 0.5% interest on your deposit in the European Central Bank.

If your religion prohibits these actions, activate our Swap Free option and trade with pleasure and comfort!

To activate the Islamic option, contact our 24/5 support team via support@fbsaustralia.com

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com

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