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IC Markets Global offers Islamic accounts (also known as swap free accounts) for clients who cannot earn or pay interest due to their religious beliefs. The swap free option** is available on both our Raw Spread and Standard account types on the MetaTrader4, MetaTrader 5 and cTrader platforms.
We are committed to providing our clients with the best trading conditions. Our Islamic accounts offer state of the art trading infrastructure and execution speeds enabling our traders to gain a competitive edge.
forex Trading
Islamic Account
- Trade over 90 instruments
- 1:500 Leverage
- Spreads as low as 0.0 pips*
- No Swap/interest adjustments
- MetaTrader 4 & 5
Overnight Financing Charges
Swap free accounts do not pay or earn swap or interest on trading instruments, however, a holding fee will be applicable for holding open positions overnight. Any trades open overnight will be charged a flat rate holding fee. Rates & holding period are subject to change to reflect market conditions when necessary. IC Markets Raw Spread and Standard Account commissions and spreads apply.
Click here to access the terms & conditions governing the use of 'Islamic Accounts' at IC Markets Global.
Note: Before applying for a swap-free account, please make sure you have read, understood and agreed to comply with the relevant terms and conditions.
The Holding fee will be charged every calendar day including weekends. Weekend holding fees will be charged the next business day.
New positions will benefit from a 5-day grace period. During this time frame, no holding fees will be incurred, offering you a seamless initiation period. For instance, if you open a position on BTCUSD on February 12th, no holding fee will be applied if you close your position before the market closes on 16th Feb 2024.
For XNGUSD, Holding fees will apply from Day 1 without any grace period.
**IC Markets Global reserves the right to request additional documentation in order to offer swap-free privilege to an account.
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