The account types available as Islamic are Micro, Premium, Currenex, VIP and Fix. The Islamic trading conditions replicate the ones of the trading account type but do not incur swap or rollover charges for holding positions overnight.
Open an Islamic forex account
Islamic Account Details
|Trading Platform:||MetaTrader 4, Webtrader and Mobile Trading|
|Spreads:||From 1 pip|
|Trading Instruments||Forex, Indices, Commodities and Share CFDs|
|Max leverage:|| 1:400*|
|Minimum opening deposit:||USD $150|
|Minimum trade size:||0.01 lot|
|Trade size increment:||0.01|
|Maximum Total Trade Size:||60 Standard lots|
|Maximum Simultaneous Open Orders:||300|
|Margin Call / Stop out level:||50% / 20% **|
|Account Currency:||USD, EUR|
|MYFX Platform:||FREE (for deposits over 2000USD)***|
|Raw bonus:||Flexible Bonus Offerings|
- The Micro Account is available as Swap Free for clients following the Muslim Faith.
- A Carry charge is applied on selected currency pairs when holding overnight positions beyond a 7-day period. Please refer to our Terms and Conditions for details.
*Leverage may be adjusted in case the equity in the account is over $400,000.
**If the 100% bonus option is selected all positions are stopped out when equity goes below the level of the bonus if the Bonus Volume requirement has not been completed.
*** Net deposits executed within 30 days of application for MYFX platform.
Trading Forex and CFDs is risky
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