Banc De Monarch offers its clients the option to trade with an Islamic, or swap-free account, which basically allows traders to keep open positions overnight without paying interest. With such accounts the additional costs are covered by commissions, fees or just higher spreads. The Islamic account is designed especially for Muslim traders, who under the Sharia Law are not allowed to give or receive interest.
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Forex Monarch secrets
by ebisi mark (2019-08-09)
Banc De Monarch offers its clients the option to trade with an Islamic, or swap-free account, which basically allows traders to keep open positions overnight without paying interest. With such accounts the additional costs are covered by commissions, fees or just higher spreads. The Islamic account is designed especially for Muslim traders, who under the Sharia Law are not allowed to give or receive interest.
http://pashoplocal.com/forex-monarch-review/