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Does LiveTrade offer a swap-free (Islamic) account option for its traders?

Broker Issues
LiveTrade
Leverage
Platform
Instruments
Account
06-18
United States
WikiFX
Reply

Based on my careful examination of LiveTrade’s background and available information, I could not find any clear indication that they offer a swap-free (Islamic) account option for traders. As someone with extensive experience navigating various trading platforms, I know how important it is for brokers to clearly outline account types—especially options that cater to specific religious or ethical requirements. Legitimate and transparent brokers generally state whether Islamic accounts are available, but LiveTrade does not mention this offering in any of its published details, which gives me pause. Furthermore, the absence of valid regulation is a significant red flag for me. An unregulated broker, especially one with a suspicious license and business scope, lacks the oversight and external accountability needed to ensure that client requests—such as opening a swap-free account—are handled reliably or even honored at all. In such cases, I feel it is especially prudent to exercise caution, as unverified platforms may not adhere to industry standards or protect traders’ interests. Therefore, given the lack of documented evidence and regulatory shortcomings, I would not assume that LiveTrade supports swap-free accounts. For traders who require this account type for faith-based reasons, I strongly advise seeking a well-regulated broker with transparent policies. In my view, erring on the side of caution in financial matters like these is always wise.

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