A UCI Islamic Account is sometimes also called a swap free account. This is because a UCI-Limited trader using an Islamic account will incur no swaps or interest charges on positions that they hold overnight like a regular forex trading account holder would. You would instead be charged administration fees on your positions.
Are you a forex trader who follows the Islamic faith? If so, then the Sharia compliant UCI-Limited Islamic Account is for you. When a trade on your UCI-Limited Islamic Account has been opened for the required period of time, an administration charge will instead be deducted from the balance of the account.
Islamic Gold and Silver Trading
UCI-Limited are happy to announce an exclusive partnership with Australian Gold and Silver Exchange (AGSX). This partnership is crucial in forming our Islamic gold and silver trading offering. True Islamic Gold and Silver trading must have a physical gold and silver backing and this AGSX partnership has made this possible.