What is an Islamic Account?
An Islamic account, also known as a swap-free account, is a trading account that is fully compliant with Islamic principles. In conventional trading accounts, traders pay or receive interest on positions that are held overnight, which is known as "swap" or "rollover" interest.
Key Features of Our Islamic Trading Account
Swap-Free Account
Our Islamic trading account is swap-free. This feature ensures that your trading activities align with the principles of Islamic finance.
Leverage up to 500x
The Islamic account offers leverage of up to 500x. Leverage allows you to control a larger position size with a relatively smaller capital investment.
Low Commission
With a commission of just $2 per 100k, our Islamic account offers competitive pricing while ensuring transparency in the trading process.
Swap-Free Account
Our Islamic trading account is swap-free. This feature ensures that your trading activities align with the principles of Islamic finance.
BASE CURRENCY
USD
Negative Balance Protection
YES
SPREADS
From 0.6 Pips
MINIMUM/MAXIMUM TRADE SIZE
0.01/100 lots
MARGIN CALL/STOP OUT LEVEL
70/50
EAs ALLOWED
YES
TRADING PLATFORMS
MT5
SCALPING AND HEDGING
Yes
Why Choose Our Islamic Trading Account?
1
Shariah Compliance
Our Islamic trading account epitomizes the fusion of modern financial practices with the timeless principles of Islamic finance.
2
Access to Diverse Markets
With our Islamic account, you gain access to a wide range of financial markets, including forex, commodities, indices, and more.
3
Dedicated Support
We have a team of dedicated customer support professionals who can assist you with any questions or concerns.
4
Education and Resources
We provide educational resources and tools to help you enhance your trading skills and make informed decisions.
Risk Management
When trading in financial markets, it's essential to have robust risk management strategies in place, and our Islamic trading account fully supports your efforts in this regard
Risk Management Tools
Our platform offers a range of risk management tools to help you protect your capital and investments. These tools include stop-loss orders, take-profit orders, and trailing stops, allowing you to define your risk levels and automatically execute trades when predefined conditions are met. Utilizing these tools can help you manage your trading positions effectively and protect your investments.
Negative Balance Protection
We prioritize the safety of your funds. Our Islamic trading account includes negative balance protection, ensuring that you cannot lose more than your initial investment. Even in highly volatile market conditions, you can trade with confidence, knowing that your losses will be limited to the funds you have deposited into your account.
