Islamic Accounts (Swap-Free)

GBE Global provides Islamic (swap-free) accounts designed to comply with Islamic Shariah law, offering a significant benefit to traders who hold positions for multiple days without incurring swaps or overnight fees. This ensures that these accounts neither earn nor pay interest for positions held beyond one business day, adhering to Shariah principles.

However, any misuse of this feature, such as keeping floating positions open for more than seven days to exploit the swap-free benefit for profit will result in charges imposed by GBE Global.

Additionally, hedging strategies that involve offsetting positions in a currency pair through its corresponding Future CFD or hedging between swap-based and swap-free accounts are strictly prohibited. Such practices are considered an abuse of the swap-free privilege. In such cases, one side of the hedge must be immediately closed, or both accounts will be subject to daily storage fees.

Certain instruments may also incur daily storage fees, as outlined in the table below. If a client engages in prohibited practices or fails to take corrective action, GBE Global reserves the right to take appropriate measures, including closing the account, without prior notice.

GBE Global further reserves the right to revoke the Islamic account status at any time and without prior notice to ensure compliance and maintain the integrity of the swap-free account offering.