Who can have an Islamic Account?
All of our OspreyFX clients can benefit from having an Islamic account.
What is an Islamic Account?
An Islamic Trading Account offers to ability to trade in compliance with Sharia Law since it is a swap fee-free account. All pairs/instruments are available to trade when using an Islamic Trading Account and you will still be subject to commission fees, standard spreads, and any other standard terms.
Islamic Account Charges and Overnight Costs
The "charge" or "overnight cost" label found on your trade is applicable whenever a position is left open after the end of day Metatrader server time.
Islamic Accounts Refund of Swap Fees
A refund of swap fees that have been incurred on an existing general live account before the introduction of Islamic Accounts or whilst converting your account into an Islamic Trading Account will not be reimbursed.