Islamic accounts on easyMarkets
Access global financial markets and trade with confidence under Sharia law.
easyMarkets offers Islamic accounts known as’swap-free’accounts to which swap fees, rollover fees and interest are not applied if the trade position is carried over to the next day.
Go to easyMarkets Official Website
How to open an Islamic account?
easyMarkets Islamic accounts have the same characteristics as other accounts.
The only difference is that there is no rolling / swap on the overnight position.
Positions can be open for up to 2 weeks.
Positions will automatically expire at 12:00 GMT after 2 weeks.
- Open a trading account at easyMarkets
- Please email cs@easymarkets.com or let the Account Service Manager know to upgrade your account to an Islamic account.
- After completion, easyMarkets will send you a confirmation email.
Why is it Sharia-compliant?
Why are Islamic accounts compliant with Shariah? The Sharia law and the Quran, which are Islamic trading laws, ask you about alcohol and gambling. Let’s say they are great sins … ”(Sura al-Baqara 2:219).
Depending on Islamic conditions, easyMarkets Islamic accounts do not charge interest on positions that remain open after midnight, as they may not charge interest or swaps in carry-forward positions, also known as RIBA, and the volume of the position.
No profit or loss will occur regardless.
Go to easyMarkets Official Website
Reasons to trade on easyMarkets
EasyMarkets gives you easy access to any market.
- Full Sharia compliant Islamic account.
- Access to over 200 CFD markets including currencies, precious metals, indicators, commodities and options.
- Simple and user-friendly web, mobile and MT4 platforms.
- Guarantee stop and fixed spread.
- Support and training from Personal Account Service Manager.
- Dedicated support provided by professional market analysts from award-winning dealing rooms for VIP clients.
Open easyMarkets Swap Free Account
Comparison of easyMarkets’ trading account types
The main differences of the account types available for easyMarkets are as follows:
Platform | easyMarkets Web/App and TradingView | MT4 | MT5 | ||||
---|---|---|---|---|---|---|---|
Account Type | VIP | Premium | Standard | VIP | Premium | Standard | Standard |
Spread Type | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed | Variable (Floating) |
Minimum Spread | 0.8 pips | 1.5 pips | 1.8 pips | 0.7 pips | 1.2 pips | 1.7 pips | 0.6 pips |
Required Minimum Deposit | 10,000 USD | 2,000 USD | 25 USD | 10,000 USD | 2,000 USD | 25 USD | 25 USD |
Minimum Trading Volume | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots |
Maximum Leverage | 1:200 | 1:200 | 1:200 | 1:400 | 1:400 | 1:400 | 1:500 |
Trading Commission | None | None | None | None | None | None | None |
Account Fee | None | None | None | None | None | None | None |
Personal Account Manager | Available | Available | Available | Available | Available | Available | Available |
No Slippage | Optional | Optional | Optional | Unavailable | Unavailable | Unavailable | Unavailable |
Guaranteed Stop Loss | Optional | Optional | Optional | Unavailable | Unavailable | Unavailable | Unavailable |
NBP (Negative Balance Protection) | Available | Available | Available | Available | Available | Available | Available |
Trading Central | Unavailable | Unavailable | Unavailable | Available | Available | Available | Available |
Sign Up Links | Open VIP Web Account | Open Premium Web Account | Open Standard Web Account | Open VIP MT4 Account | Open Premium MT4 Account | Open Standard MT4 Account | Open Standard MT5 Account |
Please check easyMarkets official website or contact the customer support with regard to the latest information and more accurate details.
easyMarkets official website is here.
Please click "Introduction of easyMarkets", if you want to know the details and the company information of easyMarkets.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!