WikiFX

Sagot

In my thorough review of Shikoku as a forex broker, I haven’t found any clear indication that a swap-free (Islamic) account option is available. As a trader, I’m particularly attentive to account types that might be relevant for different trading needs, including religious considerations such as the prohibition of overnight interest charges. Shikoku’s focus seems to be on standard accounts tailored primarily to the Japanese market, and their product information does not mention any provisions for swap-free trading. I also noticed that their primary trading platform is web-based and does not support widely used options like MT4 or MT5, which often facilitate various custom account types in the industry. When dealing with a broker regulated by the FSA in Japan, I do feel confident in the overall regulatory oversight; however, when it comes to specific account features critical for compliance with Islamic finance principles, I am cautious. Without explicit disclosure from the broker about swap-free options, I would not assume their availability. For anyone needing an Islamic account, I advise confirming this directly with Shikoku’s support staff before opening or funding an account, as I could not find this information in public materials. This approach aligns with my careful risk management practices—the absence of clear information means I do not rely on assumptions.