An Islamic forex account at IST Markets is a swap-free MT5 account: no overnight interest is charged or paid on positions you hold past the daily rollover. Trade forex, gold and other CFDs with the same prices and execution as our Standard account.
Islamic account at a glance
Indicative conditions; the terms in your client portal apply.
How it works
On a standard account, positions held overnight are charged or credited a swap based on interest-rate differences. On the Islamic account that swap is removed.
Positions rolled over at the end of the trading day carry no interest charge or credit.
Swap is not quietly rebuilt into wider spreads; any fee is disclosed up front in your account terms.
Same market prices, order types and execution as the Standard account.
Desktop, web and mobile MT5 with charts, indicators and Expert Advisors.
No overnight swap is charged or paid on swap-free positions, and it is not replaced by a hidden interest charge. Any administration fee or holding-period condition that applies to specific instruments is disclosed in your account terms before you trade.
This account removes swap (overnight interest). It is not presented as a religious ruling or a Sharia certificate; scholars' views on CFD trading differ, so consult a qualified scholar if you need guidance for your situation.
Compare
The main difference is swap: everything else stays the same.
| StandardAll-in spreads, no commission | Islamic (swap-free)No overnight swap on positions | |
|---|---|---|
| Minimum deposit | $50 | $50 |
| Spreads from | 1.0 pips | 1.0 pips |
| Commission | None | None |
| Leverage up to | 1:500 | 1:500 |
| Platform | MT5 | MT5 |
| Swap-free | No | Yes |
| Instruments | Forex, metals, energy, indices, stocks, crypto CFDs | Forex, metals, energy, indices (eligibility may vary by instrument) |
| Best for | New traders who want simple, all-in pricing | Traders who prefer not to pay or receive swap |
All-in spreads, no commission
No overnight swap on positions
Conditions shown are indicative and may vary by instrument and country of residence; the terms shown in your client portal apply. Spreads are variable and may widen during news releases and low-liquidity sessions.
Leverage magnifies both gains and losses. Maximum leverage depends on the instrument, account type and your jurisdiction.
Get started
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A swap-free account does not reduce market risk: prices can move against you and you can lose your invested capital.
FAQ
It is a trading account on which no overnight swap (rollover interest) is charged or paid on positions held past the daily rollover. Pricing, execution and the MT5 platform are otherwise the same as the matching standard account.
No overnight swap is charged or paid on swap-free positions, and it is not replaced by a hidden interest charge. Any administration fee or holding-period condition that applies to specific instruments is disclosed in your account terms before you trade.
The account is swap-free: it removes overnight interest from your positions. It does not currently carry a formal Sharia-board certificate, and IST Markets does not issue religious rulings. If you need a ruling for your own situation, please consult a qualified scholar.
Any verified client can request swap-free status, subject to eligibility and the terms of the account. Requests are reviewed by our client support team, and the status can be withdrawn if the account is used to exploit swap differences.
On the Islamic account: Forex, metals, energy, indices (eligibility may vary by instrument). The eligible list and any holding-period limit for specific instruments are shown in the account terms in your client portal.
Spreads start from 1.0 pips and leverage goes up to 1:500, depending on the instrument and your country of residence. Leverage magnifies both gains and losses.
Yes. Open a free MT5 demo account to practise with virtual funds and real market prices, then switch to a live swap-free account when you are ready.
Register in about 5 minutes; account verification may take longer.
