We are pleased to inform you that for clients who profess the religion of Islam and seek to comply with Sharia law, AMarkets has added an Islamic account (swap-free) option in the MetaTrader 5 platform. Islamic accounts have no swap charges and additional fees.
Swap (rollover) is the process of transferring open positions to the next trading day. The swap can be either positive or negative, depending on the difference in the banks’ interest rates.
How to open an Islamic account?
- Open a Standard, Fixed or ECN account;
- Get verified and deposit funds into your account;
- If you profess Islam, request to change your account type to Islamic in the Personal area;
- Once your request is processed, your account will be changed to Islamic.
You can find more information about Islamic accounts and their conditions in the Trading -> Islamic account section.