Experience swap-free, Sharia-compliant trading conditions with a regulated broker
In trading, a swap is the interest paid or received by a trader for holding a position overnight. As Muslim traders cannot engage in swap or interest-related transactions given their religious beliefs, we have created two Islamic forex accounts which comply with Islamic Law (Sharia).
FP Markets’ Islamic trading accounts, or swap-free accounts, are Sharia-compliant in that they do not involve swap charges or interest on overnight positions. Instead, the Islamic account holder is charged an administration fee on positions, which is deducted from the balance of the account.
* FP Markets reserves the right to request additional documentation in order to offer swap-free privilege to an account. If religion is not stated on your official ID document, we may require a Proof of Faith.
If you would like to ensure your trading activities are halal, you can consult a religious authority.
Explore our swap-free trading accounts, designed exclusively for Muslim traders
Trade the global markets on the world’s most powerful trading platform
Experience the future of day trading with a range of powerful new features
Experience the future of day trading with a range of powerful new features
The swap-free account option is available on both our Raw and Standard account types on the MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader trading platforms.
Account
MT4 / MT5 / cTrader
Account
MT4 / MT5 / cTrader
Minimum opening balance
US$100 or equivalent
Minimum opening balance
US$100 or equivalent
Spreads
From 1.0 pips
Spreads
From 0.0 pips
Instruments
Forex, Metals, Indices, Commodities
Instruments
Forex, Metals, Indices, Commodities
Maximum leverage
1:500
Maximum leverage
1:500
Execution
ECN pricing
Execution
ECN pricing
Commission per lot
Zero
Commission per lot
US$3 per 100,000
Minimum Trade Size
0.01 Lot
Minimum Trade Size
0.01 Lot
Expert Advisors (EAs)
Yes
Expert Advisors (EAs)
Yes
Mobile App
Yes
Mobile App
Yes
VPS Available
Yes
VPS Available
Yes
Forex
Commodities
Indices
Shares
Digital Currencies
Find out more about the four basic principles of Islamic finance
The primary advantage of Islamic Accounts
is that they enable those who follow Sharia Law to trade the markets without breaking with their faith given
that these types of account are premised on Islamic principles, and do not involve interest
charges.
Standard practice stipulates that brokers
charge or credit swap/interest fees if positions are held overnight. These can be negative or positive,
meaning a rollover amount can be added or deducted from your account.
However, in a swap-free account, these charges are
replaced with an administration fee, allowing you to trade without swap costs.
With FP Markets, Muslim traders also have the
advantage to trade selected currency pairs with no administration fees for the first five nights of
trading.
We offer swap-free accounts to those clients of the Muslim faith.
Complete our fast & secure application form, and choose between an MT4 or MT5 account.
Please email [email protected] requesting to convert your trading account to an Islamic one. You will need to use the same email you registered with and provide your trading account number.
Provide an official document showing confirmation of your faith (e.g. a Proof of Faith document from your local mosque) if this is not clearly stated in the ID document you submitted when registering.
Please contact our Customer Support team for further assistance.
| Symbol | Admin fee in USD per lot, per night | Grace period |
|---|---|---|
| NZDUSD | $2 | 5 nights |
| AUS200 | $1 | 0 nights |
| EURO50 | $1 | 0 nights |
| FRA40 | $2 | 0 nights |
| HK50 | $2 | 0 nights |
| US500 | $2 | 0 nights |
| BCHUSD | $1 | 0 nights |
| DOGUSD | $1 | 0 nights |
| DOTUSD | $1 | 0 nights |
| EOSUSD | $1 | 0 nights |
| ETHUSD | $2 | 0 nights |
| LNKUSD | $1 | 0 nights |
| LTCUSD | $1 | 0 nights |
| RPLUSD | $1 | 0 nights |
| SOLUSD | $10 | 0 nights |
| XBRUSD | $39 | 0 nights |
| XLMUSD | $1 | 0 nights |
| XTIUSD | $53 | 0 nights |
| ADAUSD | $1 | 0 nights |
| JP225 | $1 | 0 nights |
| GBPUSD | $3 | 5 nights |
| AUDCAD | $3 | 0 nights |
| AUDSGD | $4 | 0 nights |
| EURSEK | $3 | 0 nights |
| NZDCAD | $2 | 0 nights |
| SPA35 | $2 | 0 nights |
| UK100 | $2 | 0 nights |
| USDCAD | $7 | 5 nights |
| EURNOK | $6 | 0 nights |
| GBPCAD | $6 | 0 nights |
| GBPNZD | $4 | 0 nights |
| AUDUSD | $3 | 5 nights |
| AUDNZD | $3 | 0 nights |
| CHINA50 | $3 | 0 nights |
| EURAUD | $4 | 0 nights |
| EURDKK | $3 | 0 nights |
| GER40 | $3 | 0 nights |
| USDPLN | $4 | 0 nights |
| EURSGD | $5 | 0 nights |
| US100 | $5 | 0 nights |
| EURCAD | $4 | 0 nights |
| NZDSGD | $3 | 0 nights |
| EURUSD | $6 | 5 nights |
| AUDCHF | $6 | 0 nights |
| CADCHF | $5 | 0 nights |
| CHFJPY | $5 | 0 nights |
| EURGBP | $6 | 0 nights |
| EURNZD | $5 | 0 nights |
| EURPLN | $8 | 0 nights |
| GBPAUD | $5 | 0 nights |
| GBPPLN | $6 | 0 nights |
| GBPSEK | $9 | 0 nights |
| GBPSGD | $8 | 0 nights |
| NZDCHF | $5 | 0 nights |
| USDCNH | $9 | 0 nights |
| USDCZK | $5 | 0 nights |
| USDDKK | $6 | 0 nights |
| USDNOK | $5 | 0 nights |
| USDSEK | $5 | 0 nights |
| USDSGD | $6 | 0 nights |
| AUDJPY | $6 | 0 nights |
| EURCHF | $7 | 0 nights |
| GBPDKK | $8 | 0 nights |
| US30 | $9 | 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 | $60 | 0 nights |
| EURCZK | $10 | 0 nights |
| EURJPY | $10 | 0 nights |
| GBPCHF | $15 | 0 nights |
| USDINR | $45 | 0 nights |
| XNGUSD | $80 | 0 nights |
| USDJPY | $15 | 5 nights |
| EURZAR | $15 | 0 nights |
| XAGEUR | $17 | 0 nights |
| XPTUSD | $15 | 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 | $25 | 0 nights |
| EURMXN | $32 | 0 nights |
| XAUEUR | $33 | 0 nights |
| EURHUF | $25 | 0 nights |
| GBPMXN | $25 | 0 nights |
| XAUAUD | $27 | 0 nights |
| XAUUSD | $50 | 5 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.
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. FP Markets reserves the right to update administration charges regularly. Any amendments to the charges will be notified to clients via the FP Markets website.
Swap-free Accounts will have the same trading conditions and terms as regular MetaTrader 4, MetaTrader 5, or cTrader Platform Accounts.
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, FP Markets absorbs 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 rollover date.
By registering, you agree to FP Markets’ Privacy Policy and consent to receiving marketing materials from FP Markets in the future. You can unsubscribe at any time.
Quick Start & Resources
Markets
Tools & Platforms
Trading Info
About Us
Regulation & Licence
Call us: +44 28 2544 7780
Email: [email protected]
