Islamic Forex Trading Accounts
For the traders of the Islamic faith in PixelMarkets, swap free Islamic trading accounts will not be credited or debited on selecting any of the products.
Islamic Accounts
How to trade in accordance with Islamic Finance in an Islamic Forex Account?
Islamic Forex Account which also known as swap-free accounts are mainly fit for Muslim traders. They are in accordance with Islamic law in that they bring about interest charges free. All things being equal, the trade account holder is charge commission which for administration fee on trade position and that’s deducted from the balance of the client account.
It is considered in Islam that trading is haram but if you can find an Islamic forex account which can be provide swap or interest free trading account then it is possible to trade. You must have to consider that the broker which provide swap free Islamic account that need to designed for forex traders who don’t want to pay or receive any swaps or rollover interest in their account for religious beliefs.
If a Muslim client want to open an Islamic forex account in PixelMarkets then first the customer should initially open a MT4 or platform account and afterward he has to request for it to be converted into an Islamic account. We directly don’t offer any swap-free account.
Islamic Account Types
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MetaTrader 4 Islamic Account
Experience the world best day trading with a range of powerful new features in PixelMarkets.
What Islamic Account Types
Does PixelMarkets Offer?
The swap-free Islamic account option is available on both our Standard and Raw
spread account on the Meta Trader 4 trading platforms.
There is no restriction for an Islamic account holder to trade any instruments on the platform.
Minimum Balance
$100 USD
Spreads
From 1.0 pips
Instruments
60+ FX pairs, metals, indices, commodities
Maximum Leverage
500:1
Execution
ECN-Pricing
Commission per Lot
Zero
Minimum Trade Size
0.01 Lot
EA’s
Yes
Mobile App
Yes
VPS Available
Yes
Minimum Balance
$100 USD
Spreads
From 1.0 pips
Instruments
60+ FX pairs, metals, indices, commodities
Maximum Leverage
500:1
Execution
ECN-Pricing
Commission per Lot
USD $3 per 100,000
Minimum Trade Size
0.01 Lot
EA’s
Yes
Mobile App
Yes
VPS Available
Yes
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Today
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