WikiFX

Sagot

Based on my close review of TorFX and its service structure, I have found no indication that TorFX offers Islamic (swap-free) accounts for traders. My understanding comes from analyzing their core offerings, which focus almost exclusively on fiat currency transfers and related services, such as personal and business money transfers, forward contracts, currency orders, and risk management. TorFX is regulated by ASIC in Australia, which certainly gives a baseline level of regulatory trust, but in my experience, being regulated does not guarantee the availability of all account types typically sought by forex traders. One important point for me is that, as a trader interested in swap-free options for religious reasons, I always look for clear, upfront mention of Islamic accounts on brokers’ platforms. In TorFX’s case, not only is there no explicit mention of such accounts, but the business appears to be oriented more toward payment services than actual leveraged trading. Furthermore, there is no indication of a MetaTrader or similar platform where swaps would even come into play, reinforcing my view that the service is not tailored for active forex speculation. In summary, for those specifically needing an Islamic (swap-free) account, TorFX does not appear to meet this requirement. I would urge anyone with this need to verify with the broker directly, as offerings sometimes change, but based on current information, this option is not available.