IC Markets offers Islamic accounts (also known as swap free accounts) for clients who cannot earn or pay interest due to their religious beliefs. The swap free option** is available on both our Raw Spread and Standard account types on the MT4, MT5 and cTrader platforms.
We are committed to providing our clients with the best trading conditions. Our Islamic accounts offer state of the art trading infrastructure and execution speeds enabling our traders to gain a competitive edge.
Overnight Financing Charges
Swap free accounts do not pay or earn swap or interest on any trades for Currencies, Metals & Indices excluding exotic Currency Pairs, Brent, Natural Gas, and WTI's, where a small financing charge is applicable overnight. Any trades open for more than 1 day in the below mentioned pairs will be charged a flat rate financing charge. Rates & holding period is subject to change to reflect market conditions when necessary. IC Markets Raw Spread and Standard Account commissions and spreads apply.
Click here to access the terms & conditions governing the use of 'Islamic Accounts' at IC Markets.
**IC Markets reserve the rights to request additional documentation in order to offer swap free privilege to an account.