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LoukiaCharilaou
Within 1 year

Does MTFX offer a swap-free (Islamic) account option for its traders?

Broker Issues
MTFX
Platform
Leverage
Account
Instruments
04-16
United States
WikiFX
Reply

Based on my review and careful analysis of what’s currently available about MTFX, I have not found any specific information indicating that they offer a swap-free or Islamic account option. My experience as a forex trader makes me pay especially close attention to account details, as the availability of swap-free options is crucial for traders with religious considerations or for those who wish to avoid overnight interest charges. In my research, MTFX appears to focus primarily on cross-border payments, corporate and personal fund transfers, and currency exchange services for over 50 currencies, rather than traditional leveraged forex trading. Their offerings are more tailored to remittances, e-commerce fund movements, and risk hedging solutions for international trade, suggesting they may not provide the breadth of account types or customizations found with brokers specializing in retail forex trading. The lack of clear mention of Islamic accounts or swap-free features is, for me, a significant gap—especially since such features are usually highlighted by brokers if available. Since MTFX is also unregulated and carries a relatively high-risk profile, I am hesitant to make any assumptions about unlisted features. For those who require an Islamic or swap-free account for compliance with religious or ethical standards, I would recommend exercising maximum caution and contacting MTFX directly for the most up-to-date and definitive information before moving forward.

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