Islamic Account

Islamic accounts are also known as swap-free accounts, as no swap or rollover fee is charged when positions are kept open overnight. We offer Islamic accounts to all clients who follow or practice Islam, in accordance with Sharia law.
Request an Islamic Account

Islamic Account Overview

Our Islamic account has raw ECN spreads and the same razor thin commissions as our ECN account, offering all clients institutional grade trading conditions and high quality of execution.
BASE CURRENCY
USD
LEVERAGE *
Up to 500X
NEGATIVE BALANCE PROTECTION
Yes
SPREAD
From 0.0 pips
COMMISSION
$1/100K
MARGIN CALL/STOP OUT LEVEL
70/50
MINIMUM/MAXIMUM TRADE SIZE
0.01/100 lots
EAs ALLOWED
Yes
HEDGING ALLOWED
Yes
EXECUTION
ECN
TRADING PLATFORMS
MT4

Overnight Charges

If a position is kept open for 3 or more days, the following amounts will be deducted every other night from the account balance for every 1 lot traded:
Instruments Charge per lot
100GBP, E35EUR, E50EUR, D30EUR, F40EUR, 200AUD, 225JPY, H33HKD, U30USD, SPXUSD, NASUSD $3
EURUSD, GBPUSD, USDJPY, USDCAD, EURGBP, EURJPY, CADCHF, CADJPY, GBPCAD, GBPCHF, GBPAUD, GBPJPY, GBPNZD, GBPSGD $5
AUDCHF, AUDCAD, AUDJPY, AUDUSD, CHFJPY, EURCHF, EURHUF, EURNOK, GBPNOK, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDNOK, USDPLN, USDSGD, AUDNZD, EURSEK, NOKSEK, USDCHF, $8
XAUUSD, XAGUSD,XAUEUR, XAUAUD, XAGUSD, EURCAD, EURAUD, EURCZK, EURNZD, EURPLN, GBPSEK, USDHKD, USDHUF, USDSEK, EURHKD, GBPHKD, EURSGD, NZDSGD, $10
USDCZK, GBPCZK,USDMXN, EURMXN, GBPMXN,USDCNH, EURZAR, GBPZAR, USDZAR $20
EURDKK, GBPDKK, GBPHUF, GBPPLN, USDDKK, UKOUSD, USOUSD, EURRON, USDILS, USDRON, USDTHB $30
USDRUB, XNGUSD, EURRUB, GBPTRY, EURTRY, USDTRY $40

Example:

A client opens 1 lot of EURUSD on Day 1:
Day 1Position is opened, no charge on day 1
Day 2No charge on day 2
Day 3No charge on day 3
Day 4$5 charge on day 4
Day 5$5 charge on day 5….and so on
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