XBTFX Islamic Account
A swap-free MetaTrader 5 account for traders who must follow Sharia law. It is not a way to lower trading costs: spreads are wider than on Standard accounts and strict terms apply.
How the account works
- No swap or overnight interest is charged or paid on any instrument.
- Spreads are wider than on our Standard accounts. XBTFX may update Islamic spreads and fees.
- Positions held open for more than 15 days may be charged a storage fee equal to the swap they would have incurred.
- Long-term carry trades, and any use of the account to avoid or profit from swaps, are not allowed.
Account details
- Platform
- MetaTrader 5
- Account currency
- USDT
- Symbol suffix
- #
- Minimum deposit
- $10 equivalent
- FX, commodities and index CFDs
- No separate commission; the cost is in the spread
- Crypto CFDs
- 0.15% commission per side
- Share CFDs
- 0.3% (US), 0.45% (EU and Asia)
- Expert Advisors
- Allowed
Eligibility and misuse
Islamic accounts are for traders of Muslim faith who are required to follow Sharia law. A declaration is required, and each request is reviewed individually.
XBTFX may remove Islamic terms, or convert the account to a regular account, at any time and without giving a reason.
If an account is misused, for example through carry trades, cash-back arbitrage, fraud or manipulation, XBTFX may:
- remove swap-free terms from all of the client's live accounts;
- recover the swaps, interest and costs for the period the accounts were swap-free;
- terminate the client agreement;
- cancel the trades on those accounts, including any profits or losses.
The full conditions are in the Islamic Account Terms (PDF).
How to apply
-
Open an XBTFX account
Sign up and complete identity verification.
Register -
Request Islamic terms
Contact our support team and ask for Islamic terms on your MT5 account.
-
Confirm the declaration
Confirm that you are required to follow Sharia law. We review every request individually.
Frequently Asked Questions
What is an Islamic account?
Who can open an Islamic account?
Does an Islamic account cost more?
Can I hold positions for a long time?
What happens if an Islamic account is misused?
How do I apply?
Open an account first.
Then request Islamic terms.
Verify your XBTFX account, then contact our support team to apply.
