Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith. We offer our Islamic accounts to all clients
The swap-free option can be chosen as part of the trading account registration in 3 easy steps:
Please note that AAFX reserves the right to revoke the swap-free status granted to any real trading account in the event of any form of abuse.
The AAFX forex Islamic accounts differ greatly from those generally offered by other forex brokers. The difference lies in the fact that unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, AAFX imposes no additional charges
In order to abide by the religious law of Islam, traders of Islamic belief are forbidden to pay interest.However, if the interest charge is transferred to a different type of fee, it is basically still a charge that covers the interest. This is also known by the name of swap-free in disguise. AAFX is firmly against such practices as it opposes to fair and ethical trading conditions.
We would like to inform you that we will be performing important scheduled maintenance and MT4 server upgrades which will temporarily restrict access to the MT4 platform from 14:00 GMT to 20:00 GMT on 12-sept-2020
How this Major Upgrade of the MT4 server will affect you?.
1: It will improve the stability and speed of the quotes.
2: Two new servers will be added to the platform which will improve the latency.
What changes you have to make in order to connect to your MT4 account after the maintenance will complete?
1: Download the upgraded version of our MT4 using the below link so the new servers will show up automatically.
2: If you have installed indicators and EA scripts on the current version of our MT4 and if you wish to connect to your live account on the same platform use the following server details in the server section : 188.8.131.52:443
3: If you wish to connect to the mobile app of MT4 you will need to connect to the new server : AAFXTrading-Live as the old server AAFX-Real will no longer work.
4: This upgrade is for the live account only and for the demo account server upgrade we will perform on next weekend. So if you wish to use Demo account on the old desktop platform it will work on AAFX-Demo and also on the mobile app it will be same server AAFX-Demo. But if you wish to access your demo account to the upgraded MT4 desktop version you will use the following server Address: demo.fxservers.net:443