Islamic Forex Trading Accounts

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Islamic Accounts

Discover what an Islamic Forex Account is and learn how to trade in accordance with Islamic Finance principles?

Swap Fees will not be credited or debited (on selected products) on capitalzfx Islamic Trading accounts for traders of Islamic faith

Also known as swap-free accounts, Islamic accounts are tailored for Muslim clients, complying with Islamic law by incurring no swaps or interest charges on overnight positions. Instead, an administration fee is charged on positions and deducted from the account balance.

While trading in Islam can be considered haram, it is possible to trade using an Islamic Forex Account. These accounts offer swap-free trading, designed for forex traders who, due to their religious beliefs, cannot pay or receive swaps or rollover interest on overnight positions, in accordance with Sharia Law.

How to Open an Islamic Forex Account:

  • Create a MetaTrader 4 or MetaTrader 5 (MT4/MT5) trading account

  • Send the account number to onboarding@capitalzfx.com and request conversion to Islamic status.

  • Await confirmation from our Onboarding team.

    * Swap-free accounts are not available on the IRESS platform.

    * CapitalzFX reserves the right to request additional documentation to provide swap-free privileges to an account. If the religion is not specified on your ID document, we may require proof of faith, such as a letter from your mosque confirming your religion.

To ensure that your trading activities align with halal principles, consider consulting with a religious authority who can provide guidance based on your personal circumstances.

Islamic Account Types

4 Islamic Account

Trade Forex and access the markets on the World's most Powerful Trading Platform

Open MT4 Account



MetaTrader 5 Islamic Account

Explore the future of day trading with a variety of robust new features.

Open MT5 Account



Demo Islamic Account & Practice trading today

What Islamic Account Types Does capitalzfx Offer?

The swap-free account option is offered on both our Raw and Standard account types on the MT4 and MT5 trading platforms. Islamic clients can trade all instruments available on these platforms.

Islamic clients have access to trade all available instruments on the platforms.

Account Islamic Standard MT4 - MT5
Minimum Opening Balance $100 AUD or equivalent
Spreads From 1.0 pips
Instruments 70+ Forex pairs, metals, indices, commodities
Max 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
* excluding MT5 equities
POPULAR Account Islamic Raw MT4 - MT5
Minimum Opening Balance $100 AUD or equivalent
Spreads From 0.0 pips
Instruments 70+ Forex pairs, metals, indices, commodities
Max Leverage 500:1
Execution ECN-Pricing
Commission per Lot USD $3 per 100,000
Minimum Trade Size0.01 Lot
EA’s Yes
Mobile App Yes
VPS Available Yes

What Can You Trade With An Islamic Account?

Islamic Accounts at CapitalzFX enable you to start trading the following financial instruments:

Forex

If you are interested in trading forex, try your hand at currency trading on 70+ pairs

Commodities

Gold, silver,
oil & more

Indices

19 to trade on
global indices

Share

120+ share
CFDs on global
stock markets

Cryptocurrencies

Bitcoin, Ethereum,
Ripple, Bitcoin Cash,
Litecoin & more

About Halal Forex Trading - Halal Trading with Islamic Forex Accounts

Islamic finance is guided by four basic principles:

Step 1 Prohibition of gambling

According to Islam, gambling is prohibited, but trading forex and other financial instruments can be seen as a calculated endeavor involving the buying and selling of assets based on market analysis, employing various concepts and trading strategies.



Step 2 Prohibition of payment and receipt of any interest rate (Riba)

Prohibition of payment and receipt of any interest rate (Riba)

Typically, when traders maintain open positions at the end of a trading session, CapitalzFX applies a swap commission linked to an interest rate. This practice stems from the concept that traders receive an indirect loan through leverage, which often yields profit for the forex broker. Consequently, a standard trading account is deemed haram due to its inclusion of interest payments. In contrast, an Islamic trading account is considered halal because it avoids these swap interest rates, adhering to the riba threshold.



Step 3 Risk and benefits distribution

One of the primary concerns in trading is the concept of shared risk. Interest guarantees a reward for the lender while the borrower bears the risk. Excessive risk (gharar) is prohibited, similar to excessive gambling. Financial activities should promote social and economic justice and contribute to happiness. With an Islamic trading account, all interest charges are waived, aligning with these principles.



Step 4 Immediate Exchange or "Hand in Hand"

Now that interest rates not being applicable, the next item to consider is that trading is only permitted if it is "hand in hand". In times gone by this meant face-to-face but in the modern world and with the advent of online trading and e-commerce, which involves an almost instantaneous transaction between broker and trader executed in seconds, is considered halal under Shariah and is therefore permissable.

Nowadays, trading is considered permissible under Shariah if it is conducted "hand in hand". Historically, this meant face-to-face transactions, but with the rise of online trading and e-commerce, where transactions between brokers and traders occur almost instantaneously, such practices are deemed halal and permissible.

Key Features of the capitalzfx Islamic Forex Account:

Zero interest or swap charges on selected currency pairs.


Enjoy similar excellent trading conditions, services, and features as capitalzfx trading accounts, with the key distinction being the elimination of non-Shariah compliant interest charges.


Stable, secure and intuitive leading trading platforms with no any hidden charges


Fast execution under 40 milliseconds^


Free and unlimited access to MetaTrader 4 and MetaTrader 5 trading platforms including WebTrader, and Android and iOS platforms


Compatible with a variety of trading strategies including Scalping, Swing Trading and Day trading.


Advantages of Islamic Accounts

Sometimes a trader opens a position in the morning, with the intention of closing it at the end of the day, but at the end of the session the position is making a profit and the trader anticipates that the movement should continue. When trading on selected pairs (Outlined below) you can keep the position open without administration fees for the first five nights of trading. Also trading in a non-Islamic account also exposes the Islamic trader to the risk of forgetting and falling into a haram trading activity.

3 Simple Steps to Open an Islamic Account with a multi-regulated CFD & Forex Broker

We offer swap-free accounts to those clients of the Muslim faith. Steps as follows:


Open

MetaTrader 4 or
MetaTrader 5 account.





Send Request

Please send your request to make it an Islamic Trading account via email from your registered email address to onboarding@capitalzfx.com



Proof of faith

Please include an official document showing confirmation of your faith (e.g a Proof of Faith document from your local mosque) if evidence is not already included visible in the ID document we have on record for you.

Islamic Account Admin Fees

Please note there will be the following administration fees:

Symbol Admin fee in USD per lot, per night Grace period
NZDUSD $1 5 nights
AUS200 $1 0 nights
EURO50 $1 0 nights
FRA40 $2 0 nights
HK50 $1 0 nights
US500 $1 0 nights
BCHUSD $1 0 nights
DOGUSD $1 0 nights
DOTUSD $1 0 nights
EOSUSD $1 0 nights
ETHUSD $1 0 nights
LNKUSD $1 0 nights
LTCUSD $1 0 nights
RPLUSD $1 0 nights
SOLUSD $1 0 nights
XBRUSD $6 0 nights
XLMUSD $1 0 nights
XTIUSD $5 0 nights
ADAUSD $1 0 nights
JP225 $2 0 nights
GBPUSD $2 5 nights
AUDCAD $3 0 nights
AUDSGD $2 0 nights
EURSEK $2 0 nights
NZDCAD $2 0 nights
SPA35 $2 0 nights
UK100 $1 0 nights
USDCAD $3 5 nights
EURNOK $3 0 nights
GBPCAD $3 0 nights
GBPNZD $3 0 nights
AUDUSD $3 5 nights
AUDNZD $3 0 nights
CHINA50 $3 0 nights
EURAUD $2 0 nights
EURDKK $3 0 nights
GER40 $3 0 nights
USDPLN $4 0 nights
EURSGD $5 0 nights
US100 $2 0 nights
EURCAD $5 0 nights
NZDSGD $3 0 nights
EURUSD $5 5 nights
AUDCHF $5 0 nights
CADCHF $5 0 nights
CHFJPY $5 0 nights
EURGBP $5 0 nights
EURNZD $5 0 nights
EURPLN $5 0 nights
GBPAUD $5 0 nights
GBPPLN $5 0 nights
GBPSEK $5 0 nights
GBPSGD $5 0 nights
NZDCHF $5 0 nights
USDCNH $5 0 nights
USDCZK $5 0 nights
USDDKK $5 0 nights
USDNOK $5 0 nights
USDSEK $5 0 nights
USDSGD $5 0 nights
AUDJPY $5 0 nights
EURCHF $5 0 nights
GBPDKK $5 0 nights
US30 $3 0 nights
USDCHF $10 5 nights
CADJPY $10 0 nights
CHFSGD $10 0 nights
NZDJPY $10 0 nights
USDTHB $55 0 nights
USDZAR $10 0 nights
BTCUSD $12 0 nights
BWPUSD $20 0 nights
EURCZK $10 0 nights
EURJPY $10 0 nights
GBPCHF $10 0 nights
USDINR $15 0 nights
XNGUSD $2 0 nights
USDJPY $15 5 nights
EURZAR $15 0 nights
XAGEUR $15 0 nights
XPTUSD $15 0 nights
USDZMW $25 0 nights
XAGAUD $15 0 nights
GBPJPY $20 0 nights
USDHUF $20 0 nights
USDMXN $20 0 nights
XPDUSD $15 0 nights
USDKRW $15 0 nights
XAGUSD $20 0 nights
EURMXN $25 0 nights
XAUEUR $25 0 nights
EURHUF $25 0 nights
GBPMXN $25 0 nights
XAUAUD $25 0 nights
XAUUSD $30 5 nights
USDTWD $30 0 nights
USDCLP $45 0 nights
USDUGX $30 0 nights
USDKES $55 0 nights
USDCOP $35 0 nights
USDTRY $125 0 nights
EURTRY $140 0 nights
GBPTRY $155 0 nights

Please refer to the remaining legal documents for additional terms and conditions relating to Islamic Accounts.


* For Islamic Accounts, these products will not be subject to an admin fee for the first five nights of trading. However, if positions are held for longer than this period, the admin fee will become applicable from the sixth night onwards.


* Kindly note that Admin fees will not occur in the Swap free demo accounts.

Please note that Islamic account status does not apply to pairs not listed above, and swaps will be charged/credited as with a normal account. To avoid receiving any swap credits/charges on these symbols, ensure that all open positions are closed before the end of the day at 00:00 platform time. capitalzfx reserves the right to update administration charges regularly. Any amendments to the charges will be notified to clients via the capitalzfx website.

Swap-Free Accounts will have the same trading conditions and terms as a regular MetaTrader 4, MetaTrader 5, or cTrader Platform Account.

  • Islamic clients can trade all instruments available on the platform.

  • Please note, when triple swap charges apply - on Wednesday and Friday nights - the admin fee is not charged at a triple rate; instead, we absorb the risk/cost.

  • Future products do not incur swap charges/credits. However, the monthly Rollover is applied in the swap column. Clients who wish to avoid even the appearance of a swap charge should ensure positions are closed before the roll date

Start Trading in Minutes

bullet Access 10,000+ financial instruments
bullet Auto open & close positions
bullet News & economic calendar
bullet Technical indicators & charts
bullet Many more tools included

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