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
0% Commission Account•Swap Free Accounts•0 Deposit Fee
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 trades for Forex & Metals.
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
Swap-Free Islamic Accounts are retail client accounts in which investors do not pay or earn swap or interest on any trades. Your position is open for 10 days, and swap is ZERO.
Download Instrument Specifications PDFAfter 10 days a flat-rate fee applies on positions held open. Please contact our support team for the latest fixed rates.
Diverse Range of Trading Instruments
Forex
Majors, minors and exotics. No matter the pair, we've got you covered.
Indices
Trade indices from across the globe and major markets.
Digital Currencies
Trade the most widely used digital currencies.
Commodities
Gain access to energy, agriculture and metal markets - we've got it all!
CFD Shares
Buy and Sell 1,000's of Stocks of the most popular companies.
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
- Best Partnership Programme MENA
- Best Trading Experience Asia
- Best MT5 Broker Global
Get trading in minutes
Choose a trading account to suit your needs
Create a Demo Account
- Practice with $50,000
- Simulates trading conditions without using real money
Not sure which account is for you? Visit our account comparison page
Frequently Asked Questions
Read our frequently asked questions below. If you still need help, contact us today.
Is forex and CFD trading halal or haram?
What is halal trading?
What are the advantages of our Islamic Trading Account?
What is an Islamic Trading Account?
Is the Switch Markets Islamic account truly swap-free?
What is the minimum deposit for a Switch Markets Islamic account?
What markets can I trade with a Switch Markets Islamic account?
Is Switch Markets a halal broker?
What leverage is available on the Islamic account?
Are there deposit or withdrawal fees on the Islamic account?
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