When would an administration fee be charged in my Islamic Trading Account?
PU Prime offers an Islamic (Swap-Free) Account that does not charge swap or rollover interest. However, an administration fee may apply to positions held overnight or open at the end of the trading day. The fee is determined by our liquidity/quote providers and calculated based on the an administration fee specified in each product’s specifications.
An administration fee may be charged on positions held in an Islamic Trading Account when a position remains open at the end of the trading day.
Market Closing Time
The applicable market closing time is based on the server time:
GMT+2: 24:00
GMT+3: 24:00
The market closing time follows the US market session and marks the end of one trading day cycle.
Three-Day Administration Fee
A three-day administration fee may apply to certain products on the applicable day:
- Wednesday: Forex, Gold, and Silver
- Friday: Oil and Indices
The applicable three-day administration fee does not incur over the weekend for these products.
Important Information
- Administration fees may apply to positions held in an Islamic Trading Account. Applicable fees depend on the specific trading products and how long the position remains open.
