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What is Islamic Trading Account?
Traders of Muslim faith can take advantage of our most popular trading account, offering a swap free trading environment, with no interest fees being credited or debited.
ACY Securities has tailored a specific trading account to for those of Muslim faith who are, according to Sharia Law, unable to earn or pay interest due to their religious beliefs.
What you need to know about the Islamic Account
Our Swap-free trading account incurs no swaps or interest on overnight positions and is based on our Standard account under both MT4 or MT5 trading platforms.
Instead of paying overnight swaps or interest, an administration fee on each position is debited from the account. However, if you hold a position for less than 4 days, you will not be charged any admin fees.
The benefits of our Islamic Swap-free Account
No overnight swaps or interest charged
An administration fee on each position is debited
Trade on either the MT4 or MT5 trading platforms
Access 2,200+ trading instruments across FX, Indices Commodities and Cryptocurrencies
Competitive spreads from 1 pip
Short or long the market with leverage
Fast and Reliable execution of orders
Minimum deposit starting at $50 and zero deposit fees
Fund using seven currency types including USD, AUD, EUR, GBP NZD, CAD & JPY
No overnight swaps or interest charged
An administration fee on each position is debited
Trade on either the MT4 or MT5 trading platforms
Access 2,200+ trading instruments across FX, Indices Commodities and Cryptocurrencies
Competitive spreads from 1 pip
Short or long the market with leverage
Fast and Reliable execution of orders
Minimum deposit starting at $50 and zero deposit fees
Fund using seven currency types including USD, AUD, EUR, GBP NZD, CAD & JPY
Trade with zero overnight interest charges with the ACY Islamic Account
ACY's Islamic account allows you to hold a trade for less than 4 days with no admin fees. Any trades open for more than 4 days in the Islamic account will be charged a flat administration fee.
All Islamic Swap-free accounts will be charged the Standard account spread and the daily administration fee outlined below. There are no swap or overnight interest charges.
Forex
Majors - $US12.5 per day per lot
Minors - $US15.5 per day per lot
Exotics - $US27.5 per day per lot
Commodities
Majors - $US12.5 per day per lot
Exotics - $US20.5 per day per lot
Indices
Majors - $US12.5 per day per lot
Minors - $US15.5 per day per lot
Exotics - $US27.5 per day per lot
Cryptocurrencies
Majors - $US20.5 per day per lot
Metals
Majors - $US15.5 per day per lot
Exotics - $US20.5 per day per lot
Shares
No Swap Free
| Asset Class | Sub-Class | Symbols |
|---|---|---|
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1:500
Leverage
Under 30ms*
ultra-fast execution
2,200+
Tradeable Instruments
Regulated
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