A special type of trading account that charges no swap or overnight interest on positions, designed to comply with Islamic finance principles (where paying or receiving interest is prohibited). In an Islamic (swap-free) account, any position held overnight will not incur the typical rollover fee. Brokers usually compensate by either charging a fixed admin fee or widening spreads slightly. These accounts are useful for traders (not just Muslims) running long-term strategies on EAs where trades might be held for weeks, as they eliminate the swap costs. However, brokers may restrict certain pairs or charge alternative fees for such accounts. If your forex robot carries trades for many days and swap fees are a concern, a swap-free account could be beneficial.

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