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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 10 days
- NO commissions on trades beforehand
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.
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 10 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 10 days, a flat rate fee will be charged. Please see the fixed rates below.
Islamic Account's cost of trading
Islamic Accounts do not pay or earn swap or interest on any trades. Your position is open for 10 days and swap is ZERO.
What can you trade with an Islamic Account?
Islamic Accounts at Switch Markets allows you to trade and invest in 1,000's markets worldwide.
Forex
Majors, minors and exotics. No matter the pair, we’ve got you covered.
Metals
Get involved in one of the most exciting markets - precious metals.
Indices
Trade indices from across the globe and major markets.
CFD Shares
Trade CFDs of some of the most popular companies.
Digital Currencies
Trade the most widely used digital currencies.
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
- Trade 1,000's of Global Markets
Free VPS and education
Smart trading and fast execution- Free VPS for all live accounts
- Free education from our partners
- Free proprietary trading tools
It's all about you
Let's make sure you’re on the path to success- Regulated and trusted broker
- 24/7 real-human expert support
- Multilingual team members
. 4
. 6
- Spread as low as 1.4
- Spread as low as 0.6
- No commission
- Free VPS (worth $497)****
- Credit bonus up to $5,000*****
- Leverage up to 1:500
- MT4/5 platform
. 0
- Spread as low as 0.0**
- Low commission
- Free VPS (worth $497)****
- Credit bonus up to $5,000*****
- Leverage up to 1:500
- MT4/5 platform
Open an Islamic Trading Account
Diverse liquidity providers ensure our spreads are
tight around the clock.
Start trading in minutes
Demo environment