Introduction: Halal Trading in the Forex Market
As more Muslim traders enter the global forex market, the demand for Sharia-compliant trading solutions continues to rise. One such solution is the Islamic (Swap-Free) Account. This type of account is specifically designed to comply with Islamic financial principles, which prohibit earning or paying interest (riba). But does JustMarkets offer this feature?
Does JustMarkets Offer an Islamic Account?
Yes, JustMarkets offers Islamic trading accounts across several account types. This feature is particularly beneficial for Muslim traders who want to trade forex, indices, metals, and other financial instruments without violating Islamic law.
Islamic accounts on JustMarkets are also known as Swap-Free Accounts, meaning no overnight interest charges are applied on open positions.
How the JustMarkets Islamic Account Works
Islamic accounts function similarly to standard trading accounts but without swap fees. Here’s how it works:
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✅ No Rollover Interest (Riba): All interest-based charges on overnight positions are removed.
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✅ Same Trading Conditions: Traders still access the same spreads, leverage, and instruments as regular accounts.
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✅ Available on Popular Platforms: MT4 and MT5 support swap-free trading.
This ensures Muslim traders can participate in financial markets without compromising religious beliefs.
Account Types Available with Islamic Option
JustMarkets offers swap-free options on the following account types:
| Account Type | Islamic Option | Minimum Deposit | Spread From | Leverage |
|---|---|---|---|---|
| Standard | ✅ Yes | $1 | From 0.3 pips | Up to 1:3000 |
| Pro | ✅ Yes | $100 | From 0.1 pips | Up to 1:3000 |
| Raw Spread | ✅ Yes | $100 | From 0.0 pips | Up to 1:3000 |
⚠️ Note: Some exotic instruments may still incur administration fees even in Islamic mode. Always check the instrument specifications before trading.
How to Open a JustMarkets Islamic Account
To open a swap-free account with JustMarkets, follow these steps:
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Register an account at JustMarkets website.
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Verify your identity (KYC process).
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Open a trading account (choose Standard, Pro, or Raw Spread).
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Request Islamic status via the client area or support chat.
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Wait for confirmation (usually within 24 hours).
Once approved, your account will automatically operate without swaps.
Who Is Eligible for the Islamic Account?
JustMarkets primarily grants swap-free accounts to traders who identify as Muslim and request Islamic status in accordance with their faith. In some cases, documentation may be requested to confirm eligibility.
Pros & Cons of JustMarkets Islamic Account
✅ Pros:
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Complies with Islamic finance rules
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Wide selection of instruments
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High leverage (up to 1:3000)
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Zero overnight interest charges
⚠️ Cons:
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Admin fees may apply to specific instruments
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Swap-free status must be manually requested
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Not available for crypto trading in some regions
Conclusion: Is JustMarkets Islamic Account Worth It?
The JustMarkets Islamic Account is a reliable choice for Muslim traders seeking a halal trading experience. With transparent conditions, no interest charges, and compatibility with MT4/MT5, it stands out as one of the most accessible Sharia-compliant forex options available today.
For Muslim traders who want to honor their faith while participating in the global markets, JustMarkets makes it possible—without compromise.