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Does SOCIETE GENERALE offer swap-free (Islamic) trading account options to its clients?

Broker Issues
SOCIETE GENERALE
Platform
Instruments
Leverage
Account
04-19
United States
WikiFX
Reply

From my own experience as a trader and after closely examining publicly available information regarding SOCIETE GENERALE, I cannot confirm that they offer swap-free (Islamic) trading account options. In fact, as I investigated their services, I found there is a broad lack of transparency around account types, fees, and specific features such as Islamic accounts. This is a concern for me, especially given how important compliant trading environments are to certain traders, including those who require swap-free accounts for religious reasons. Moreover, the absence of clear regulatory oversight raises further caution. The broker claims ties to French authorities, but I have not found verifiable evidence of regulation. This lack of transparency extends to essential operational details such as deposits, withdrawals, leverage, and spreads—areas that are usually clearly outlined by brokers offering specialized account types like Islamic accounts. As a trader who values due diligence, I am wary of engaging with a service that does not disclose fundamental aspects of its account offerings. Without clear, reliable information directly from SOCIETE GENERALE, I would not assume that swap-free or Islamic account alternatives are available. Anyone with strict account requirements, especially related to religious compliance, should be particularly cautious and seek direct, written confirmation before considering any engagement with this broker.

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