Islamic (Swap-Free) Account
Traders of Islamic faith can apply for a Islamic trading account where no interest fees will be credited or debited.
No Swap Charge
0.01 lot Minimum Trading Volume
Spreads starting from 2.8 pips
$2 Commission per lot
1:200 Max. Leverage
Islamic Trading Accounts
Forex Islamic account is known as a swap-free account as there is no swap or rollover interest on overnight positions, which is against the Muslim faith. All Muslim clients can benefit from PomeloFx’s best trading conditions by opening any account with us – Standard, RAW – and converting it to an Islamic type.
Islamic accounts have exactly the same trading conditions and terms as our regular trading account types. The only difference is that there are no swaps on trading instruments.
Our all-star Client Support team will process your request for an Islamic account status within 1 business day and you will receive an email confirmation once all is set up. All subsequent trading accounts opened by you at PomeloFx will be automatically classified as swap-free meaning there will be no need for contacting us again.
How to open an Islamic account in 3 simple steps
Verify your account by sending all the relevant documentation.
Fund your current trading account.
After you’ve funded your account, you can apply for an Islamic account, which operates under the Sharia Law. The request will then be forwarded to the relevant department for review and approval. Requests are usually processed within 1-2 business days.
|Trading Platform:||MetaTrader 4/5, Webtrader and Mobile Trading|
|Spreads:||From 2.8 pips|
85+ financial instruments to choose from Forex, Metals, Energies and Indices
|Maximum Leverage: *||1:200|
|Minimum opening deposit:||$100|
|Minimum trade size:||0.01 Lot|
|Margin Call / Stop out level:||60% / 50%|
|Account Currency:||GBP, USD, EUR|
|Personal Account Manager:||Yes|