What is an Islamic Trading Account?
An Islamic CFD Account is a swap-free trading option designed to comply with Sharia principles by eliminating interest (riba) on overnight positions.
Instead of standard swap charges, administration fees may apply, subject to the applicable product terms and conditions. Certain products may also provide a grace period before any applicable administration fee is charged.
Important Information
No swap fees are charged for overnight positions held in an Islamic Trading Account.
An administration fee may apply to positions held in an Islamic Trading Account, subject to the applicable trading products.
The Islamic Prime Cent Account displays the account balance in cents, where USD 1 = 100 cents.
Any applicable administration fees are intended to cover the relevant costs incurred by Liquidity Providers in maintaining and managing the account.
Need More Help?
If you require further assistance regarding Islamic Trading Accounts, please contact Customer Support.
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