WikiFX

Sagot

Based on my in-depth review of BLUEMOUNT’s offering and operational details, I was unable to find any information or specific mention of swap-free (Islamic) accounts on their platform. From my experience as a trader, the availability of such accounts is usually stated explicitly, given how important Sharia-compliance is for many clients. I paid close attention to their account types—BLUEMOUNT details the availability of individual, joint, and discretionary accounts, but there is no reference to an Islamic or swap-free option. This omission matters for a few reasons. Swap-free accounts are designed for traders who cannot participate in interest-based transactions, so brokers that offer them typically highlight this feature. Furthermore, BLUEMOUNT’s business scope is limited to securities and shares, with no access to forex or commodities, which is where swap charges usually arise. While that could explain the lack of a swap-free account offering, in my judgment, the absence of both product variety and explicit Islamic account details may present challenges for traders seeking Sharia-compliant options. Given that BLUEMOUNT currently operates without SFC regulatory oversight and already shows several operational limitations, I would advise anyone requiring swap-free conditions to approach with caution and verify all account features directly with the broker before making any decisions. For me, clear information and regulatory transparency are essential, especially for specialized account requirements.