Do you want to trade Forex instruments, but you can’t due to religious restrictions? We are pleased to inform you that FX24 ensures that trading in financial markets is available to everyone and offers its clients who practice Islam and comply with the requirements of Sharia law to open a special Islamic account, free of any interest payment/charges.
What is Swap?
Swap (rollover fee) – interest fee paid or charged at the end of the trading day to keep the position open overnight. The process of transferring open positions to the next trading day is called rollover. A trader can both profit or lose his funds when moving his positions to the next day, depending on the prevailing currency interest rates.
How to open an Islamic account?
Opening an Islamic account takes a few simple steps:
Benefits of Islamic account?
FX24 offers the most attractive trading conditions to its clients. Ultra-fast and accurate order execution on Islamic accounts gives our clients a competitive advantage, providing a 100% compliance with Sharia law.
No overnight commissions/swaps on Forex instruments
Spreads from 1,3 pips
100% compliant with Sharia law
More than 250 trading instruments*
Trading on Islamic account
Trading conditions applied to Islamic accounts are identical to those of Fixed and Standard accounts, except that Islamic trading accounts have no swap or rollover charges for FxCFD instruments (Swap-free).
* The Swap-free service does not apply to CFD Indices, Commodities, Bonds, Metals, Cryptopairs, Equities.