Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith. We offer our Islamic accounts to clients following the Muslim faith.
The swap-free option can be chosen as part of the trading account registration in 3 easy steps:
Open a trading account with us
Login to the Members Area and validate your account
Request An Islamic Account
As soon as our relevant department receives your request, your trading account will receive swap-free status and you will be notified by email accordingly. Please note that Basel Markets reserves the right to revoke the swap-free status granted to any real trading account in the event of any form of abuse such as rollover arbitrage, swap arbitrage or the Clients are not the followers of Muslim faith.
The swap-free option can be chosen as part of the trading account registration in 3 easy steps:
Open a trading account with us
Request An Islamic Account
Login to the Members Area and validate your account
As soon as our relevant department receives your request, your trading account will receive swap-free status and you will be notified by email accordingly. Please note that Basel Markets reserves the right to revoke the swap-free status granted to any real trading account in the event of any form of abuse such as rollover arbitrage, swap arbitrage or the Clients are not the followers of Muslim faith.
No Expiration, No Spread Widening, No Commissions and No Hidden Fees.
100% Shariah Compliant.
The Basel Islamic accounts differ greatly from those generally offered by other brokers. The difference lies in the fact that unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, Basel Markets imposes no additional charges.
In order to abide by the religious law of Islam, traders of Islamic belief are forbidden to pay interest. However, if the interest charge is transferred to a different type of fee, it is basically still a charge that covers the interest. This is also known by the name of swap-free in disguise. Basel Markets is firmly against such practices as it opposes to fair and ethical trading conditions. We are fully supportive of Muslim faith believer.
Choose an account type and submit your application
Fund your account using a wide range of funding methods
Access 1000+ instruments across all asset classes on MT5
* Winner of ‘Best Global International Finance Value Broker’ at the Global Institutional Investors Forum 2017, 2018, 2019 & 2020
** Data acquired from our server shows our EURUSD spread to be 0.0 pips on average 35.89% of the time from 01-12-2020 to 31-12-2020 (available for our RAW Spread trading accounts only).
* The average order execution time between the trade being received, processed and confirmed as executed by us is 38 milliseconds. As observed from our bridge provider between 01-12-2020 to 31-12-2020. Basel Markets was rated by Investment Trends as the Best for Quality of Trade Execution 2018, 2019 and 2020.
Trade Responsibly: Equity-linked and foreign exchange derivative products are highly leveraged, carry a high level of risk and are not suitable for all investors. Features of our products including fees and charges are outlined in the relevant legal documents available on our website. The legal documents should be considered before entering into transactions with us. Basel Markets is a company registered as Basel Markets International Limited, a globally regulated provider of CFD and foreign exchange trading services and Basel Markets which is a registered company of St. Vincent and the Grenadines, Limited Liability Number 26170 BC 2021. Basel Markets does not accept applications from residents of countries or jurisdictions where such distribution or use would be contrary to local laws or regulations. Basel Markets does not accept clients from certain countries/regions including the United States and Hong Kong. For a full list of restricted countries, please contact our Client Service for further details.
