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.
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 5 days, you will not be charged any admin fees.
ACY's Islamic account allows you to hold a trade for less than 5 days with no admin fees. Any trades open for more than 5 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.