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Chris hagerman
Within 1 year

Does Alfa Capital offer traders the option to open an Islamic (swap-free) account?

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Alfa Capital
Instruments
Account
Leverage
Platform
01-03
United States
WikiFX
Reply

Based on my experience and a thorough examination of the available details on Alfa Capital, I cannot confirm that this broker offers Islamic, or swap-free, accounts. When considering a broker, especially for those of us who adhere to specific religious trading requirements, transparency around account options is a top priority. In my review of Alfa Capital’s disclosed features and documentation, I did not find any explicit reference to Islamic or swap-free accounts being available. That absence alone is concerning, but what raised even more caution for me is the broker’s overall risk profile. Alfa Capital currently operates without valid regulatory oversight, as their CySEC and FCA licenses have both been revoked. For me, this is a non-negotiable red flag. The lack of regulation means there is no reliable third-party guarantee of fair trading conditions, including the honoring of swap-free arrangements. Beyond that, the broker’s own resources offer very limited information on trading conditions in general, which makes it difficult to trust that even standard trading accounts are managed transparently—let alone specialized options like swap-free accounts. In short, due to the absence of clear information regarding Islamic account availability and the broker’s revoked regulatory status, I would proceed with extreme caution. Personally, I would not consider trading with Alfa Capital, especially if swap-free trading is a necessity, until they provide transparent, verifiable details under credible regulation.

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