IC Markets
LiteFinance Swap-Free (Islamic) Account: How to Apply and What It Covers
LiteFinance offers swap-free accounts on ECN, Classic and Cent, with no extra maintenance fees or wider spreads, covering forex, crypto, stocks, indices and commodities. You apply once in your profile, and approval within a business day makes all new accounts swap-free. Here is how it works.
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Co-writerJannatul FerdaushWriterRisk and broker-safety guides · Applied Statistics, University of Dhaka View profileAbout Jannatul →
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LiteFinance's swap-free accounts don't pay or charge swaps, the fee for carrying positions overnight. Its swap-free page lists the benefits plainly: they respect the principles of Islam, carry no interest on overnight positions, charge no extra maintenance fees or increased spreads, keep the same trading terms as regular accounts, and put no limits on strategies or Expert Advisors. They are available on all three account types, ECN, Classic and Cent.
That is a stronger offer than many brokers, which replace swaps with an admin fee or wider spreads. LiteFinance does keep the right to grant or refuse it.
| Accounts | ECN, Classic, Cent |
|---|---|
| Extra fees | None; no wider spreads |
| Markets | Forex, crypto, stocks, indices, commodities |
| Apply | My Profile, Verification, Islamic account application |
| Review | Within one business day |
| Non-Muslim clients | Possible, at LiteFinance's discretion |
How to apply
- Register a Client Profile and switch to real trading mode.
- Go to My Profile, then Verification.
- Find the Islamic account application field and click Fill in.
- Read and accept the conditions, then submit.
- Once approved, usually within one business day, every account you open is swap-free.
LiteFinance's FAQ notes that applying doesn't guarantee approval; it grants the service at its own discretion. Accounts opened before approval may need replacing with new ones.
Swap-free account conditions
| Swap-free ECN | Swap-free Classic | Swap-free Cent | |
|---|---|---|---|
| Spread | From 0 points | From 0.02 points | From 0.02 points |
| Commission per lot | Yes | No | No |
| Leverage | 1:1 to 1:1000 | 1:1 to 1:1000 | 1:1 to 1:500 |
| Minimum deposit | $50 | $50 | $10 |
| Recommended deposit | $5,000 | $2,000 | $500 |
| Stop out | 20% | 20% | 50% |
Figures from LiteFinance's swap-free page, which also confirms client funds segregation on all three.
What's covered
Unlike some brokers that exclude crypto or stocks from swap-free status, LiteFinance lists forex, crypto, stocks, indices and commodities as available on its swap-free accounts. Contract sizes match regular accounts: 100,000 units for forex, 100 ounces for gold, 10 barrels for oil, one share for stocks and one contract for indices. Our LiteFinance crypto guide covers coins.
Swap-free for non-Muslim clients
LiteFinance says it offers swap-free accounts to non-Muslim clients too, under its loyalty program and at its discretion. It publishes separate terms of use for Islamic accounts and for swap-free accounts for non-Islamic clients, which are worth reading because the conditions for the two can differ.
Is it halal?
Removing swaps addresses the interest issue. Whether leveraged CFD trading is permissible is a separate question on which scholars disagree. LiteFinance doesn't certify its accounts as Sharia-compliant, so consult a scholar you trust.
How LiteFinance compares
| Broker | Swap-free approach |
|---|---|
| LiteFinance | No swaps, no extra fees or wider spreads, all markets |
| FP Markets | Nightly admin fee after a grace period on some symbols |
| RoboForex | Option on new accounts; not on crypto |
See FP Markets' Islamic account and RoboForex's swap-free option.
How it compares with a regular account
On a regular LiteFinance account, positions open after 00:00 platform time pay or receive a swap, tripled on the Wednesday to Thursday rollover. With a swap-free account, that charge disappears, with no admin fee or wider spread in its place. For swing traders holding gold or currency pairs for days, the saving can be significant.
Everything else stays the same: the same spreads, ECN commissions, leverage options and stop out levels.
Before you apply
Read LiteFinance's terms of use for Islamic accounts, or for swap-free accounts for non-Islamic clients, so you know the conditions. Apply before opening the accounts you want to be swap-free, since approval applies to accounts opened afterwards. Keep the confirmation, and check your first overnight position shows no swap.
Strategies and EAs
LiteFinance says swap-free accounts carry no limits on trading strategies or Expert Advisors. That makes them suitable for algorithmic strategies that hold positions overnight, as well as for manual swing trading.
Swap-free and copy trading
Copied trades follow your own account's conditions. If your account is swap-free, copied positions held overnight don't pay swaps, even if the trader you copy uses a regular account. Check the instruments your trader uses are covered.
If your application is refused
LiteFinance provides swap-free status at its discretion, so an application can be refused. If that happens, ask support for the reason through live chat. In the meantime, closing positions before 00:00 platform time avoids swaps on a regular account.
Swap-free for long-term trades
Because LiteFinance's swap-free accounts don't time-limit positions or add a fee after a set number of nights on its published page, they suit swing and position traders who hold for weeks. Check the terms of use document for any conditions before planning very long holds, since the company can review swap-free status.
Swap-free on Cent
Swap-free Cent accounts have a $10 minimum and the same 50% stop out as regular Cent accounts. LiteFinance's swap-free table lists leverage up to 1:500 on them, and markets including forex, crypto, stocks, indices and commodities.
For many Muslim traders, the combination of no swaps, no admin fee and crypto coverage makes LiteFinance's offer stand out. The terms of use are the document to read before relying on it.
If you already hold regular accounts, open new ones after approval rather than trying to convert old accounts, since approval applies to accounts opened afterwards.
On paper, LiteFinance's swap-free account is one of the most generous we've reviewed: no admin fee, no wider spread, and crypto included. Read the terms of use, though, because the company reserves the right to refuse or withdraw it.
Ahmed applied for LiteFinance's Islamic account in the Verification section and was approved the next business day. He opened a new ECN account, which was swap-free, and swing-trades gold and EUR/USD, paying the ECN commission but no overnight charges.
Frequently asked
Does LiteFinance offer Islamic accounts?
Yes. Swap-free versions of ECN, Classic and Cent accounts are available.
Does LiteFinance charge an admin fee on swap-free accounts?
No. LiteFinance says swap-free accounts carry no extra maintenance fees or increased spreads.
How do I get a LiteFinance swap-free account?
Apply in My Profile, Verification, Islamic account application. Approval usually takes one business day.
Is crypto swap-free at LiteFinance?
LiteFinance lists crypto among the markets available on swap-free accounts.
Can non-Muslims get a swap-free account at LiteFinance?
Yes, under its loyalty program and at LiteFinance's discretion.
Is approval guaranteed?
No. LiteFinance provides the service at its own discretion.
Do LiteFinance swap-free accounts have the same spreads?
Yes. LiteFinance says swap-free accounts carry no increased spreads and the same trading terms as regular accounts.
Can I use EAs on a LiteFinance swap-free account?
Yes. LiteFinance says there are no limits on strategies or advisers.
Do copied trades pay swaps on a LiteFinance swap-free account?
No. Copied trades follow your account's conditions, so swap-free status applies to them.
How do I avoid swaps without a swap-free account?
Close positions before 00:00 platform time, when swaps are charged.
Is there a time limit on LiteFinance swap-free positions?
LiteFinance's swap-free page doesn't describe one; check its terms of use for conditions.
Does LiteFinance offer swap-free on Classic?
Yes. Swap-free is available on ECN, Classic and Cent.
Do existing LiteFinance accounts become swap-free?
LiteFinance says all accounts opened after approval are swap-free; open new accounts after you are approved.
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