Here at TOP1, our clients’ interests always come first. For this purpose, we continuously strive to facilitate our trading conditions to suit the various needs of clients throughout the world. With this in mind, we offer Islamic accounts that are compliant with the Sharia law.
Forex Islamic account is known as a swap-free account as there is no swap or rollover interest on overnight positions. Islamic accounts have exactly the same trading conditions and terms as our regular trading account types. When a position is held open for more than one consecutive trading days (including weekends), an Islamic account is subject to the following daily charges on exotic currency pairs:
SELL Daily administration fee
BUY Daily administration fee
* Triple charges applicable on Friday night
* TOP 1 reserve the rights to request additional documentation in order to offer swap free privilege to an account.
How do I open an Islamic Account?
Follow the 3 simple steps to open an account:
It will take less than 15 seconds of your time.
Proof of identity
Send your ID card for review through online customer service.
Open islamic account successfully
Fund your account and start trading