WikiFX

Sagot

As an experienced forex trader, when evaluating any financial institution for trading—especially banks like Rakuten Bank—it's crucial for me to verify the availability of account types in detail before making assumptions or decisions. Based on my careful review of the available official information, I found no mention or indication that Rakuten Bank offers swap-free or Islamic account options for traders. The bank seems focused on providing banking services such as deposits, withdrawals, transfers, and standard payments through its digital platform, specifically the Rakuten Bank App. My concern grows stronger because Rakuten Bank is not currently regulated by any recognized financial authority for forex trading activities. This lack of regulatory oversight already raises significant caution for anyone seeking specialized trading services, including Sharia-compliant accounts. In my experience, regulated brokers clearly state their account structures and provide detailed information about options like Islamic accounts, usually to ensure compliance with both legal and religious obligations. The fact that such information is entirely absent here makes me highly doubtful that Rakuten Bank supports swap-free accounts at all. For me, transparency and robust regulation are non-negotiable, especially for traders who require specific account features for religious compliance. Given the lack of clarity and official regulatory standing, I would be extremely cautious and would not assume that Rakuten Bank offers swap-free (Islamic) accounts. If this feature is essential, I strongly advise seeking a regulated broker with openly documented Islamic account offerings.