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Islamic Account

What is an Islamic Trading Account?

How to trade in-line with the Muslim Faith?

Commonly known as swap-free accounts, our Islamic account options are designed for muslim clients as they incur no swaps or interest charges on overnight positions. The account holder is instead charged an administration fee on positions which is deducted from the balance of the account.

The Islamic account offers the same tight spreads & fast execution experienced on our regular MT4 & MT5 accounts, while being swap-free. Access to all of our trading account benefits such as fast execution, deep liquidy and cutting-edge trader tools are all still available.

In order to open an Islamic Forex Account, a client must first open a MetaTrader 4 or MetaTrader 5 (MT4/MT5) Platform account and then request for it to be converted into an Islamic Account.

Islamic account types

MetaTrader 4 Islamic Account
Trade on the world's most popular Forex trading platform.

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account

MetaTrader 5 Islamic Account
Try the next-generation Metatrader platform

Open Mt5
account

Demo Islamic Account
Practice your trading today

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Trade global market CFDs

What can you trade on an Islamic Account?

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Forex

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Shares

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Indices

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Commodities

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Cryptocurrencies

Account Options

What Islamic Account types are available?

The swap-free account option is available on both our Raw and Standard account types on the MT4 and MT5 trading platforms.

An Islamic client can trade all the instruments available on the platforms.

Standard icon

Islamic
standard account

Minimum Opening Balance

$100 AUD or equivalent

Spreads from 1.0 pip

maximum leverage 500:1

Execution ECN-Pricing

Commission per Lot $0
(no fee)

Minimum Trade Size 0.01 Lot

EA’s Yes

Mobile App Yes

VPS Available Yes

Standard icon

Islamic raw account

Minimum Opening Balance

$100 AUD or equivalent

Spreads from 0.0 pip

maximum leverage 500:1

Execution ECN-Pricing

Commission per Lot US $3.5 per 100,000

Minimum Trade Size 0.01 Lot

EA’s Yes

Mobile App Yes

VPS Available Yes

Start trading today

What is the process to open an Islamic Account?

1

Open a MetaTrader 4 or
MetaTrader 5 account.

2

Please send your request to make it an Islamic Trading account via email from your registered email address to [email protected].

3

Please include an official document showing confirmation of your faith (e.g a Proof of Faith document from your local mosque) if evidence is not already included visible in the ID document we have on record for you.

If you have any questions, please contact our customer support team here.

Currency Pairs

Islamic Account admin fees

Please note there will be the following administration fees:

Currency
Pairs
Admin fee in USD
per lot, per night
AUS200, CHINA50, FRA40, GER30, HK50, JP225, NAS100, STOXX50, UK100*, LTCUSD, RPLUSD $1
AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY, NZDUSD * $5*
AUDNZD, EURCZK, US500, USDCZK $2
US30, SING30, EURSEK, USDSGD $3
AUDSGD, CADJPY, EURCHF, EURJPY, GBPCAD, ITA40, NZDSGD $4
AUDCAD, CADCHF, CHFJPY, EURGBP, EURHUF, NZDCAD, USDHUF, XAGAUD $5
GBPJPY, GBPSEK, XAGUSD, XAUAUD, BTCUSD $6
AUDJPY, EURCAD, GBPCHF, NZDJPY, XAUUSD, XTIUSD $7
AUDCHF, EURSGD, GBPAUD, GBPPLN, NZDCHF, USDCNH, USDPLN, USDSEK $8
EURNOK $9
EURAUD, EURNZD, GBPNZD $10
EURPLN $13
USDZAR $25
XBRUSD $26
EURZAR $33

Please refer to our Account Terms in the Product Disclosure statement for the specific terms and conditions that relate to Islamic Accounts.

* Islamic Accounts will not be charged the admin fee for the first five nights of trading. If positions are held longer, the admin fee will be applicable from the sixth night. Please note that Islamic account status will not apply on the pairs not listed above including certain exotic pairs and our Share CFDs and swaps will be charged/credited as a normal account. If you do not wish to receive any swap credit/charges on these symbols you should ensure that all open positions are closed before end of day 00:00 platform time. ZERO Markets reserves the right to update the administration charges from time to time, any amendments to the charges will be notified to clients via the ZERO Markets website. Islamic Accounts will not debit or credit swap charge or swap credits when holding positions overnight. Apart from these differences, Swap Free Accounts will have the same trading conditions and terms as a regular MetaTrader 4 or MetaTrader 5 Platform Account.

  • An Islamic client can trade all the instruments available on the platform.
  • Islamic account status will not apply on the following currency pairs USDTRY, EURTRY and Stocks. We can also add that this is subject to change without notice.
  • When there are triple swap charges – on Wednesday and Friday night – the admin fee is not charged triple, we carry the risk/cost basically.
  • WTI is a future product which doesnt have a swap charge/credit. But the monthly Rollover is applied in the swap column so if clients do not want even the appearance of a swap charge then they should ensure positions are closed before the roll date.
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