Islamic Account

AmigaFX respectfully provides Islamic accounts - swap free - which strictly correspond to Islamic Sharia law. Forex trading is open for all people regardless of race and creed.

With our Islamic account, no swaps or roll over charges will be applied to forex trading positions overnight. In other words, an Islamic forex trading account is free from interest or swap. AmigaFX respects that for some traders this settlement is the most important part in trading forex.

In AmigaFX, we close all trades in our Islamic accounts at 17:00 and those account holders are able to reopen it immediately in order to avoid all the issues and trading activities in accordance with Islamic Sharia law. Furthermore, the Islamic account holders will not receive or pay any usurious interest as a result of the immediate buying or selling.

In addition, the clients who do not have the total price of trade, they can trade by using the leverage which allows them to trade whatever their contracts and without any usurious interest.

Here is the Fatwa which lets you trade in forex trading market by means of utilizing the margin, this is well-accepted in forex market.

The traders who are obliged to comply with Islamic jurisprudence (Faqih) often have a difficulty in forex financial trades due to the fact that it is necessary to make the instant exchange in the same spot. However recently academic researchers observed the record of funds to bank account could be as delivery, hence Fatwas are legitimately issued. In a word, below are the imperative conditions that need to be observed most careful manner in forex trading:

• Instant buying and(or) selling with NO time delay.
• The currency pair should be registered in the trading accounts of buyer and seller.
• The exact price of the trading transactions should be paid with NO time delay.
• There is NO interest on trading activities, in other words there is NO usurious rate of interest.

A trader may try either following two options. 1.) To buy as much as the funds in the trading account allow or 2.) To take a loan from a broker without any interest in order not to take any usurious rate of interest onto the trader's funds.

• NO interest on trading settlement for exceeding 24 hours, NO rollover interest.
• NO additional fees or commissions are charged on rollover for exceeding 24 hours.
• NO fees or commissions are charged on Islamic account management, our revenues comes strictly from the spreads (the difference between the Ask and the Bid prices of a currency pair).

• Open a real account in AmigaFX
• Invest at least $1,000
• Send the required documentations to migrate the Islamic friendly account.
• Shortly our client service representative will get in touch with you to explain how to proceed and the advantages of Islamic accounts and its special types - Silver, Gold and VIP accounts.