CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Investors should consider whether you understand how CFDs work before investing. Losses may exceed deposits.

Islamic Account

With the Islamic account from OW Markets, you can now enjoy trading in various financial markets without swaps

Open Islamic Account
OW Markets Islamic account || الحساب إسلامي OW Markets
Instant execution icon || أيقونة تنفيذ فوري

What is an Islamic account?

  • OW Markets is always striving to meet our clients’ unique needs and to satisfy all segments of traders. That’s how the Islamic account came about: we want to allow all investors to trade with great ease.

  • The Islamic account is different from other account types in that it is swap-free, which means that the client does not have to pay or receive any interest on overnight or open trades for the next day (*terms and conditions apply).

Financial growth chart || رسم بياني لنمو مالي

Islamic Account

Sign up now for the Islamic account from OW Markets and start trading right away

Open Islamic Account
 Star rating icon || أيقونة تصنيف النجوم

Features of the Islamic account.

  • The OW Markets Islamic account provides a variety of features that allow you to trade and invest in the largest global financial markets, all in one place, via the unique MT5 trading platform. You will have the chance to trade on the various financial instruments with OW Markets using the Islamic account, which offers the same trading terms and conditions – the only exception being that it is swap-free.

  • The swap-free feature is applicable to any type of account offered by OW Markets. When you create your account, you’ll be given the option to choose an interest-free account if desired. You may also contact customer service to change your existing account into an interest-free Islamic account at any time.

OW Markets Trading instrument  || رسم بياني لأداة التداول

Unique MT5

Trading Platform

Open Islamic Account
  • Spreads as low as 0.0 PIP.

  • Fast execution for an exceptional trading experience.

  • Same trading conditions as all our other account types (terms and conditions apply).

  • You will be able to trade on the various financial tools we provide at OW Markets.

  • Completely free of swaps and even hidden interest.

  • Various markets: Forex trading, stock trading, metals trading, indices trading and more.

Storage Fees

When a position is held open for a specific number of trading days (including weekends), an Islamic account is subject to the following daily charges on the following instruments

fxFOREX CFDs

Instrument Charge per lot Apply After
EURUSD -$5.00 30 days
GBPUSD -$5.00 30 days
AUDUSD -$5.00 30 days
NZDUSD -$5.00 30 days
USDCAD -$5.00 30 days
USDCHF -$5.00 30 days
USDJPY -$7.00 30 days
AUDCAD -$5.00 14 days
AUDCHF -$5.00 14 days
AUDJPY -$7.00 14 days
AUDNZD -$5.00 14 days
CADCHF -$5.00 14 days
CADJPY -$7.00 14 days
CHFJPY -$7.00 14 days
EURAUD -$5.00 14 days
EURCAD -$5.00 14 days
EURCHF -$5.00 14 days
EURGBP -$5.00 14 days
EURJPY -$7.00 14 days
GBPAUD -$5.00 14 days
GBPCAD -$5.00 14 days
GBPCHF -$5.00 14 days
GBPJPY -$5.00 14 days
GBPNZD -$5.00 14 days
NZDCAD -$5.00 14 days
NZDCHF -$5.00 14 days
NZDJPY -$7.00 14 days
EURNZD -$5.00 14 days
EURMXN -$25.00 From First Day
EURNOK -$7.00 From First Day
EURTRY -$85.00 From First Day
EURSEK -$30.00 From First Day
EURSGD -$7.00 From First Day
GBPSEK -$9.00 From First Day
SGDJPY -$17.00 From First Day
USDCNH -$14.00 From First Day
USDHKD -$13.00 From First Day
USDMXN -$42.00 From First Day
USDNOK -$9.00 From First Day
USDSEK -$9.00 From First Day
USDSGD -$7.00 From First Day
USDZAR -$17.00 From First Day
USDTRY -$130.00 From First Day
AUDSGD -$7.00 From First Day

No symbol found

cmtCOMMODITIES CFDs

Instrument Charge per lot Apply After
XAGUSD -$5.00 14 days
XAUUSD -$12.00 14 days
XPDUSD -$14.00 14 days
XPTUSD -$14.00 14 days
XAUEUR -$25.00 14 days
UKOIL -$25.00 From First Day
USOIL -$25.00 From First Day

No symbol found

djiINDICES CFDs

Instrument Charge per lot Apply After
US30 -$0.80 From First Day
SP500 -$0.80 From First Day
NQ100 -$0.80 From First Day
FTSE100 -$0.70 From First Day
DAX40 -$0.70 From First Day

No symbol found

FAQs

Swap, or overnight interest, is a fee charged to traders for keeping their positions open overnight in Contracts for Difference (CFDs), the foreign exchange (forex) market, and futures contracts. This fee is calculated as a percentage of the trade value and varies depending on the interest rate of the base currency in the trade.

Swap rates are calculated daily and depend on the trade size and the interest rates of the currencies involved. You can usually find information about swap rates within your trading account.

To open an Islamic Forex account, traders can register an account directly on OW Markets and submit the required documents. Once the account is confirmed, you can make your first deposit using your preferred payment methods and start trading with your Islamic account.

Opening an Islamic forex trading account has now become easier with OW Markets. 

Sharia Compliant: The Islamic account is designed to comply with Sharia law, making it an ideal choice for Muslim traders seeking an investment method that aligns with their beliefs.

Interest-Free: No interest is charged or paid on funds deposited in an Islamic account.

At OW Markets we believe in creating a unique trading experience for each client. That's why we offer various account types tailored to meet our traders needs. Thanks to our diverse range of accounts, you can choose the trading account that best suits your trading style and level of experience. Enjoy a comprehensive and exceptional trading experience with a variety of options tailored to meet your goals.

Get Started in 3 Steps

  • 1

    Register

    Your account with ease

  • 2

    Verify

    Your identity for security

  • 3

    Fund & Trade

    To dive into the world of CFDs Trading

Join Now

Swift and Secure Funding

Start trading in minutes by choosing one of our many secure funding methods

Bank transfer indicating deposits and withdrawals via bank transfers || خيار التحويل البنكي الذى يشير إلى الإيداعات و السحوبات عبر التحويلات البنكية
STICPAY indicating deposits and withdrawals via e-wallets || محفظة STICPAY إلكترونية تشير إلى الإيداعات و السحوبات عبر المحافظ الإلكترونية
Credit card Trther indicating deposits and withdrawals via credit cards ||  بطاقات ائتمان Tether تشير إلى السحوبات و الإيداعات عبر بطاقات الائتمان