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Islamic Accounts

Traders of Islamic faith are welcome to apply for an Islamic account designed to be aligned with your religious belief.

Open Account

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
Open Account

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.

SYMBOL
Charges (US$ per lot)
AUDCAD
5
Minor
AUDCHF
2
Minor
AUDJPY
5
Minor
AUDNZD
3
Minor
CADCHF
4
Minor
CADJPY
6
Minor
CHFJPY
6
Minor
EURAUD
4
Minor
EURCAD
8
Minor
EURCHF
5
Minor
EURGBP
4
Minor
EURJPY
9
Minor
EURNZD
4
Minor
GBPAUD
5
Minor
GBPCAD
9
Minor
GBPCHF
4
Minor
GBPJPY
13
Minor
GBPNZD
5
Minor
NZDCAD
5
Minor
NZDCHF
2
Minor
NZDJPY
5
Minor
NZDUSD
2
Minor
USDSGD
7
Minor
AUDUSD
2
Major
EURUSD
3
Major
GBPUSD
2
Major
USDCAD
7
Major
USDCHF
3
Major
USDJPY
9
Major
AUDSGD
10
Exotic
CHFSGD
10
Exotic
EURDKK
10
Exotic
EURHKD
10
Exotic
EURNOK
10
Exotic
EURPLN
10
Exotic
EURSEK
10
Exotic
EURSGD
10
Exotic
EURTRY
10
Exotic
EURZAR
10
Exotic
GBPDKK
10
Exotic
GBPNOK
10
Exotic
GBPSEK
10
Exotic
GBPSGD
10
Exotic
GBPTRY
10
Exotic
NOKJPY
10
Exotic
NOKSEK
10
Exotic
SEKJPY
10
Exotic
SGDJPY
10
Exotic
USDCNH
10
Exotic
USDCZK
10
Exotic
USDDKK
10
Exotic
USDHKD
10
Exotic
USDHUF
10
Exotic
USDMXN
10
Exotic
USDNOK
10
Exotic
USDPLN
10
Exotic
USDRUB
10
Exotic
USDSEK
10
Exotic
USDTHB
10
Exotic
USDTRY
10
Exotic
USDZAR
10
Exotic
AUS200
1
Index
DE40
3
Index
F40
2
Index
JP225
1
Index
STOXX50
1
Index
UK100
2
Index
US30
6
Index
US500
2
Index
USTEC
3
Index
CA60
1
Index
CHINA50
3
Index
CHINAH
1
Index
ES35
2
Index
HK50
1
Index
IT40
5
Index
MidDE50
5
Index
NETH25
1
Index
NOR25
2
Index
SA40
1
Index
SE30
4
Index
SWI20
2
Index
TecDE30
1
Index
US2000
1
Index
XBRUSD
10
Energy
XNGUSD
80
Energy
XTIUSD
10
Energy
XAGAUD
1
Metal
XAGEUR
1
Metal
XAGUSD
2
Metal
XAUAUD
4
Metal
XAUCHF
10
Metal
XAUEUR
19
Metal
XAUGBP
11
Metal
XAUJPY
5
Metal
XAUUSD
12
Metal
XPDUSD
12
Metal
XPTUSD
10
Metal
BTCUSD
13
Crypto
ETHUSD
1
Crypto
BNBUSD
0.15
Crypto
BCHUSD
0.1
Crypto
SOLUSD
0.05
Crypto
MTCUSD
0.05
Crypto
LTCUSD
0.03
Crypto
KSMUSD
0.02
Crypto
AVXUSD
0.02
Crypto
DSHUSD
0.01
Crypto
LNKUSD
0.01
Crypto

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.
**IC Markets Global reserves the right to request additional documentation in order to offer swap-free privilege to an account.
 

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