IC Markets offers Islamic accounts(also known as Swap Free accounts or Shariah Forex accounts) for clients who cannot earn or pay interest due to their religious beliefs. The Swap Free option is available on both our True ECN and Standard account types on our MT4 & cTrader platforms.
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In order to determine a client’s eligibility for a swap free account, IC Markets may, at its discretion, request documentation to verify the client is of the Islamic faith. IC Markets reserves the right to reject a client’s application for a swap free account without having to provide reasoning for this.
IC Markets is committed to providing its clients with the best trading conditions. Our Islamic accounts offer state of the art Trading infrastructure & Execution speeds enabling our clients to gain a competitive Edge while still being 100% compliant with shariah laws.
Swap free accounts do not pay or earn swap or interest on any trades. IC Markets True ECN and Standard Account commissions and spreads apply. IC Markets may, at its discretion, update fees relating to swap free accounts on its website from time to time.
Click here to access the terms & conditions governing the use of ‘Islamic Accounts’ at IC Markets.