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Does I-Access provide an option for traders to open an Islamic (swap-free) account?

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I-Access
Leverage
Platform
Instruments
Account
01-21
United States
WikiFX
Reply

Based on my thorough review, I-Access does not currently provide an Islamic (swap-free) account option. My evaluation is rooted in the available details regarding offered account types and trading conditions. While the broker claims a fairly extensive list of products, including securities, shares, futures, and options, there is no mention whatsoever of facilities or accommodations for Sharia-compliant (swap-free) accounts. From experience, reputable brokers that genuinely offer Islamic accounts will state this explicitly because the swap-free feature is crucial for traders observing Islamic finance principles, which prohibit earning or paying interest. Furthermore, the lack of regulatory oversight with I-Access increases my concerns. The firm's regulatory license has been revoked and it currently operates without recognized supervision—this is a significant risk for anyone relying on a broker to honor specific account terms or protections. Given the absence of clear information on Islamic account availability—coupled with the overall high risk profile—I would recommend utmost caution for traders looking for Sharia-compliant options. Always ensure transparent, confirmed features before opening any trading account, particularly when specific ethical or legal requirements are involved.

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