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How to check swap-free status in Personal Area

JMarkets is pleased to offer swap-free trading accounts for both Muslim and non-Muslim clients. This initiative accommodates various trading strategies while respecting the principles of Islamic finance.

Swap-Free Levels

There are two distinct levels of swap-free status available to non-Muslim clients at JMarkets:

Extended Swap-Free

Standard Swap-Free

  • Default Setting for Non-Muslim Clients: This level is automatically assigned to all new non-Muslim clients.

  • Instruments with No Swaps: Swaps are not charged on Forex majors, minors, exotics, Cryptocurrencies, Indices, Stocks, and XAU/USD.

  • Other Instruments: Swaps will be charged according to the contract specifications for any instruments not listed above.

  • Applicability: For all instruments, swaps will be charged according to the standard contract specifications.

Checking Your Swap-Free Level

  • Trading Accounts (for Islamic countries):

    • Log in to your Personal Area.

    • Go to the My Accounts page

    • Click the settings icon (three dots) next to your trading account and select Account Information.

    • In the bottom you will see the information about Swap type

  • Personal Area:

    • Log in to your Personal Area

    • Go to the Profile section

    • You will see the Swap-Free Level tab - click on it to view detailed information about your current swap-free level (Standard or Extended)

    • If your account is already fully swap-free, the Swap-Free Level tab will not be visible, since no level distinction applies in that case.

Changing between Swap-Free Levels

Your swap-free level may change depending on your trading activity. If the trading activity does not meet the criteria for the Extended level, the account may be adjusted to Standard swap-free. You’ll receive an email notification if your swap-free status changes from Extended to Standard.

Important Conditions and Rights

Changes and Modifications: JMarkets reserves the right to modify, change, or cancel the swap-free levels/status and the list of swap-free instruments at any time.

Swap-Free for Islamic Countries

For clients from Islamic countries, swap-free status is set by default, and these clients do not pay swaps on any trading instruments, in accordance with Islamic finance principles.

List of swap-free countries

  • Afghanistan

  • Albania

  • Azerbaijan

  • Bangladesh

  • Burkina Faso

  • Bahrain

  • Brunei

  • Bouvet Island

  • Algeria

  • Egypt

  • Guinea

  • Indonesia

  • Iraq

  • Jordan

  • Kuwait

  • Kazakhstan

  • Libya

  • Morocco

  • Mauritania

  • Maldives

  • Malaysia

  • Niger

  • Nigeria

  • Oman

  • Pakistan

  • Qatar

  • Saudi Arabia

  • Sudan

  • Senegal

  • Somalia

  • Syria

  • Tajikistan

  • Turkmenistan

  • Tunisia

  • Turkey

  • United Arab Emirates

  • Uzbekistan

  • Yemen

Note: Swap-free status does not apply to demo accounts. Ensure you are aware of the account type and its associated conditions when trading.

This setup helps cater to a diverse clientele, allowing traders to engage with the markets under terms that align closely with their trading strategies and cultural principles.

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