From today January 14, 2010 United World Capital will be offering Swap-free account services for traders who need to use trading systems owing to their religious beliefs. To be more specific the service is available only to clients of the Islamic belief which asks its followers not to profit from monetary interest.

Future clients wishing to trade through a swap free system are simply required to indicate it through the registration process.

Existing clients wishing to convert their accounts to Swap Free accounts need to contact United World Capital’s Support Department and request the conversion of their Regular Account into a Swap Free Account.

It is important to note that clients cannot own mixed accounts, meaning Regular and Swap Free. With regards to the rest of the trading conditions, all regular trading conditions apply.

“Swap Free” or “Islamic Accounts” offer trades of any currency pair, where in transiting the position over midnight the trader does not gain or lose any amount, regardless of the position volume. Even holding on the deal for an extended period of time. The trader can be sure that only the conduct of the exchange rate for the set time interval will affect the result of the deal.

Managing Director of United World Capital Mr. Jamal Fakhory commented on this development with the following, “It was time to offer Swap Free Forex Accounts to our clients of Islamic religion who are numerous. We have accepted so many requests about this matter, which could simply not ignore. We hope it is welcomed by our current and future clients. We have set United World Capital from the start as a global company, serving the Forex world no matter what religion or geographical area, offering this option brings this development circle to a close”.

In order to Open a Swap-free account, you have to comply by registering a normal account and completing the application kit. With regards to the rest of the trading conditions, all regular trading conditions apply.

All Swap-free applications must be sent to swapfree@uwcfx.com.