[Resolved] Olymp Trade — Swap-free account.

[Resolved] Olymp Trade — Swap-free account.

A Anees Hari Sep 9, 2023 Sep 12, 2023 This thread was updated on Sep 12, 2023

Olymp trade is a secure broker that has a lot of things to point out as advantages. One of those I think is the absence of spreads. The company purely relies on commission on every deal. It may seem unreasonable for a trader but actually trading here is quite cost efficient. I like to trade positionally so sometimes swaps are a pain in the ###. And what a surprise was for me to know that Olymp trade has a swap free account. But I canât find it anywhere. Does it exist or what? Was this information helpful? No (0) Yes (0)
Sep 14, 2023 Complaint marked as Resolved Who would know that swap-free account is the alternative name for Islamic account. Of course it’s not for me cuz I am not a muslim. I am not religious at all. But thanks for letting me know Olymp trade. Olymp Trade customer support has been notified about the posted complaint.
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Olymp Trade Customer Care

Sep 12, 2023

Verified Support

Hello, Anees Hari.

Thank you for taking an interest in our Halal Olymp Trade account. To access to the Olymp Trade
Islamic Account, When you first register, kindly check on the box called “Islamic Account”. With the Olymp Trade Islamic Account, you can stay true to the Sharia while trading on the markets.
Your Islamic Account is free from interest rate swap fees. Even if markets move rapidly against your trades, your account will not be negative. Olymp Trade Islamic Accounts incur no swaps or interest charges and protect your account from a negative balance.

Please let us know if you have any further questions.
Best regards, Olymp Trade team.

Olymp Trade Customer Care's response, Sep 18, 2023

Verified Support

Hi, Anees Hari.

Thank you for marking this as “Resolved”. We are glad that we have answered your question. We value your input and encourage you to let us know more details about your experience with us.

Best regards, Olymp Trade team.