Switch Markets
Islamic Account

Are you a trader of Islamic faith? Our Sharia-compliant Switch Markets Islamic Account is made just for you!

  • NO deposit fee
  • NO interest or swap charges for the first five days
  • NO commissions on trades beforehand
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*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.

switch markets, islamic account, deposit fee, no swap

How to open an Islamic account in 4 simple steps

Apply for an
Islamic account

Verify your account by uploading relevant documentation

Make a minimum of $50
deposit to your trading account.

Trade swap-free
for 5 days

What is an Islamic Trading Account?

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.

Start trading now
islamic trading account, no swap account

Islamic Account's cost of trading

Islamic Accounts do not pay or earn swap or interest on any trades. Your position is open for 5 days and swap is ZERO.

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*IMPORTANT: Visit Cost of Trading to see applicable Swap values after 5 days.

Multiple markets

What can you trade with an Islamic Account?

Islamic Accounts at Switch Markets allows you to trade trade markets from around the world with 180+ tradable instruments at your fingertips.

Forex

Majors, minors and exotics. No matter the pair, we’ve got you covered.

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Metals

Get involved in one of the most exciting markets - precious metals.

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Indices

Trade indices from across the globe and major markets.

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CFD Shares

Trade CFDs of some of the most popular companies.

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Digital Currencies

Trade the most widely used digital currencies.

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Why trade with Switch Markets?

Peace of mind

We're switched on to what you need
  • Tight spreads from 0.0 pips
  • Zero commission account
  • 180+ tradable instruments

Free VPS and education

Smart trading and fast execution
  • Free VPS for all live accounts
  • Free education from our partners
  • Free proprietary trading tools for VIPs

It's all about you

Let's make sure you’re on the path to success
  • Regulated and trusted broker
  • 24/5 real-human expert support
  • Multilingual team members

Get trading in minutes

Choose a trading account to suit your needs

Standard No commission account icon graph
Spreads from
zero .6
No commission. Zero. None. Nada.
  • Spread as low as 0.6
  • No commission
  • Free VPS (worth $497)
  • Credit bonus up to $5,000**
  • Leverage up to 1:500
  • MT4 platform
Minimum deposit of $50 Suitable for Day traders, trend followers, scalpers, EA traders, High-frequency and Discretionary traders Account currency USD EUR AUD GBP CAD
NZD SGD CHF PLN
Get started
Pro ZERO spreads account icon percentage
Spreads from
zero .0
Starting from $7 USD Comission
  • Spread as low as 0.0*
  • Low commission
  • Free VPS (worth $497)
  • Credit bonus up to $5,000**
  • Leverage up to 1:500
  • MT4 platform
Minimum deposit of $50 Suitable for Day traders, trend followers, scalpers, EA traders, High-frequency and Discretionary traders Account currency USD EUR AUD GBP CAD
NZD SGD CHF PLN
Get started
Not sure which account is for you?
Visit our account comparison page

Open an Islamic Trading Account

Diverse liquidity providers ensure our spreads are tight
around the clock. Trade with spreads as low as 0.0* pips.

Create Live Account Deposit from $50
Start trading in minutes
Create Demo Account Practice with $50,000
Demo environment