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Does SAMCO offer a swap-free or Islamic account option for its traders?

Broker Issues
SAMCO
Instruments
Platform
Account
Leverage
07-20
United States
WikiFX
Reply

In my own research and experience reviewing SAMCO’s offerings, I’ve found no clear indication that they provide a swap-free or Islamic account option. As a trader who is particularly attentive to broker transparency and regulatory standards, this lack of explicit information is a concern for me. On their official materials and platform features, SAMCO emphasizes their trading tools, account types, and leverage, but there is no mention of alternatives that accommodate traders who require interest-free conditions due to religious reasons. Moreover, SAMCO’s unregulated status and the cautionary warnings about their high potential risk make me even more cautious. When it comes to issues like overnight charges—which are critical for those seeking Islamic accounts—brokers with full regulatory oversight tend to spell out such details explicitly. In this case, the absence of such information gives me reason to be conservative in my assessment. For traders with specific needs, especially those searching for swap-free accounts, I believe it’s essential to confirm directly with the broker and get clear, written terms before opening an account or depositing funds. Until I receive direct confirmation, I cannot say with confidence that SAMCO offers a swap-free or Islamic account.

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