Don’t waste your time – keep track of how NFP affects the US dollar!
The ASIC policy prohibits us from providing services to clients in this region. Are you already registered with FBS and want to continue working in your Personal area?
Personal areaUse Swap Free to trade without interest
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.
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
