Islamic forex account

Islamic forex account

ACM applies a cost of carry on behalf of the market or the customer on open positions held overnight. This overnight cost of carry is presented as a simple flat fee either paid or charged on a customer's account. This process makes for extremely simple statements and greatly increased executional transparency since we do not modify the original price of the position entered into by the customer. Please note that the "total open position" for precious metals is the equivalent dollarised value.
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