Islamic accounts
Versus Trade’s Islamic accounts offer standard trading terms without interest fees, yet with the same tight spreads. Available on our MT5 platform for Muslim clients, these accounts ensure full compliance with Sharia principles, so you neither pay nor earn interest on CFDs for currency pairs. Our Islamic accounts provide the flexibility to trade a wide range of instruments while maintaining full transparency. With no interest-based charges or swaps, these accounts allow you to focus solely on your trading strategies. You’ll enjoy the same competitive conditions as regular accounts, including high leverage, tight spreads, and fast execution speeds. Trading with a Versus Trade Islamic account ensures that you can trade ethically, in accordance with your values, without compromising on the quality or efficiency of your trading experience.
Benefits of using
a Versus Trade Islamic trading account
Multiple Account Types
Same Trading Conditions
No Rollover Fees
No Hidden Fees
How to open
a Versus Trade Islamic trading account?
Register
Register a Versus Trade Personal Area.
Open an account
If you are a resident of Muslim country, all your trading accounts are swap-free by default.
Start trading
Deposit funds using debit/credit cards, bank transfers, or e-wallets and start trading.
Frequently asked questions
What is an Islamic Trading Account?
An Islamic trading account is a swap-free account that complies with Sharia principles, where no interest is paid or earned on overnight positions.
How to make sure I have an Islamic trading account?
All our trading accounts with an according mark in the Client Area are automatically swap-free for the next countries:
Afghanistan, Algeria, Azerbaijan, Bahrain, Bangladesh, Brunei, Chad, Comoros, Cote d’Ivoire, Djibouti, Egypt, Indonesia, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Lebanon, Libya, Malaysia, Maldives, Mauritania, Morocco, Niger, Oman, Pakistan, Qatar, Saudi Arabia, Senegal, Syria, Tajikistan, Tunisia, Turkey, Turkmenistan, United Arab Emirates, Uzbekistan, Yemen
In case, Versus Trade provides services in your country, just open an accounts, make a deposit and start your halal trading journey right away.
What are Forex CFDs?
Forex CFDs (Contracts for Difference) allow you to speculate on the price movements of currency pairs without owning the underlying assets. With CFDs, you can profit from both rising and falling markets by taking long or short positions on major, minor, and exotic currency pairs.
Is forex trading halal in Islam?
Forex trading is halal as long as it follows Islamic principles:
– No Interest (Riba) – open swap-free accounts.
– No Excessive Risk and Gampling (Gharar, Maysir) – you have possibility to set leverage rate from 1:2000 to 1:1 to manage your risks and analyze market deeply before making a trading decision.
Can I trade all instruments with an Islamic account?
Yes, Islamic accounts give you access to all available trading instruments, including forex, commodities, stocks, and indices, with the same trading conditions as regular accounts.
Are there any additional costs for Islamic accounts?
No, there are no hidden fees or commissions for Islamic accounts. You will enjoy a transparent fee structure with no additional costs beyond the standard trading fees.
How can I open an Islamic trading account?
You can open an Islamic account by simply registering for a Personal Area on our platform. When you register, your account will automatically be set as an Islamic account, provided you are a trader from one of the supported countries. No need to select the Islamic account option separately. You can then choose the type of account you wish, such as Standard, and start trading after depositing funds.
Can I switch my regular account to an Islamic account?
To switch your regular account to an Islamic account, please contact our customer support team. You will need to provide proof of your Muslim faith, and your request will be reviewed for consideration.
Start Trading Today – Open Your Islamic Account!
Experience the benefits of trading without interest fees, with the flexibility and transparency of a swap-free Islamic trading account.
