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Ibgentle
1-2 years

Does Eddid offer a swap-free Islamic account for its traders?

Broker Issues
Eddid
Leverage
Platform
Account
Instruments
07-25
United States
WikiFX
Reply

In my experience as a trader who takes regulation and account conditions extremely seriously, I have found it essential to clarify the account types and features any broker truly offers—especially when it comes to sensitive requirements like swap-free Islamic accounts. Examining Eddid, I could not find any evidence that they provide a swap-free Islamic account option. Their offerings appear to focus on various account structures such as individual, joint, entity, and international accounts, but there is no mention of specific accommodations for Sharia-compliant (swap-free) trading. Equally concerning for me is Eddid’s unregulated status, as reported in public background checks. This absence of regulatory oversight is a substantial risk factor, especially for traders who require religiously compliant financial products. Islamic account features are typically accompanied by clear disclosures and compliance measures, but with Eddid, neither their web-based platform nor any of the exposure reports indicate such an offering. Given the lack of independent regulatory supervision and the absence of information on swap-free options, I would approach Eddid with extreme caution if swap-free, Sharia-compliant trading is important for your trading practice. For my own trading, regulatory protection and specific account feature transparency are non-negotiable essentials.

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