Are you a trader of Islamic faith? Our Sharia-compliant Switch Markets Islamic Account is made just for you!
*IMPORTANT: Switch Markets is not a religious authority on Islamic trading. If you want to ensure your trading activities are halal and in accordance with your law, please consult a religious authority.
Apply for an
Verify your account by uploading relevant documentation
Make a minimum of $50
deposit to your trading account.
for 5 days
Islamic Trading Account, also known as 'No Swap Account' is a specific type of trading account that follows the Sharia laws and therefore allows Muslims to engage in trading activities.
Unlike conventional finance, finance in Islamic countries is mainly driven by ethical goals and considerations. As such, it comes with different rules and regulations.
These are all considered in our Swap free accounts and therefore Muslim traders do NOT pay swap, interest or overnight charges on ANY trades for Forex, Stocks, Metals & Indices.
However, if a trader holds a position open for over five days, a flat rate fee will be charged. Please see the fixed rates below.
Islamic Accounts do not pay or earn swap or interest on any trades. Your position is open for 5 days and swap is ZERO.
*IMPORTANT: Visit Cost of Trading to see applicable Swap values after 5 days.
Islamic Accounts at Switch Markets allows you to trade trade markets from around the world with over 80 markets at your fingertips.
Majors, minors and exotics. No matter the pair, we’ve got you covered.
Get involved in one of the most exciting markets - precious metals.
Trade indices from across the globe and major markets.
Trade CFDs of some of the most popular companies.
Trade the most widely used digital currencies.