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Swap-Free Account

Sky Alliance Markets respect all audiences from the world especially who are religious and where no interest fees will be credited or debited.

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What is Islamic accounts?

Islamic accounts are also known as swap-free accounts. Islamic account customers do not need to pay swaps or interest fees for overnight positions. Instead, the account holder is charged a position management fee that is deducted from the position balance.

Swap-Free Accounts

Islamic accounts also known as swap-free accounts are commonly used for investors who are religious and do not accept to have interest fees to be credited or debited. Sky Alliance Markets sincerily respect all audiences who support the trading platform and would like to provide everyone the best trading environment as possible.

What Islamic account types can Sky Alliance Markets provide?

We can provide exchange-free options for both standard accounts and ECN accounts on the MT4 platform.

Swap-Free Standard Account
Account Type Swap-Free STD Account
Minimum Deposit $100
EUR/USD Spread from 1.0 Pips
Leverage up to 400:1/span>
Platform MetaTrader 4
Minimum lot size 0.01 lot
Commission $0
Available Base Currencies USD & GBP & EUR & AUD & NZD
Promotion Eligibility Yes
Swap-Free ECN Account
Account Type Swap-Free ECN Account
Minimum Deposit $1,000
EUR/USD Spread from 0.0 Pips
Leverage up to 400:1/span>
Platform MetaTrader 4
Minimum lot size 0.01 lot
Commission $3.5 ($7 per round turn)
Available Base Currencies USD & GBP & EUR & AUD & NZD
Promotion Eligibility Yes

Main Features
Of The Islamic account

The main features of the Islamic account in the Sky Alliance Market

There is no index and swap fee when trading specified currency pairs
Have the same excellent trading conditions, services, and functions as other trading accounts of Sky Alliance Markets; the only difference is the elimination of non-Islamic interest charges.
The trading platform is stable and safe, without any hidden fees.
Free and unlimited access to MetaTrader 4 trading platform, including WebTrader, Android and iOS platforms.
Compatible with multiple trading strategies, including day trading, etc.

Advantages of Islamic accounts

Some short or medium-term traders will incur interest fees or swap fees in the process of holding positions. When trading in selected currency pairs with free swaps for a certain period of time, you can maintain a longer holding time without generating overnight swap rates and reducing your profits.

Our operation team will contact you ASAP

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Risk Warning:

Trading derivatives and CFDs involves a high level of risk to your invested capital and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. You should carefully consider your financial situation, objectives, needs and level of experience before engaging into any marginal transactions with Sky Alliance Markets, and seek independent advice if necessary. The information on this website is general in nature and does not take into account your personal circumstances. You must understand that you do not own or have rights in the underlying derivatives or CFDs. Past performance is not an indication of future performance and tax laws are subject to change. Please ensure that you have read our Product Disclosure Statement (PDS), Financial Services Guide (FSG) and other Target Market Determination (TMD) legal documents and ensure that you fully understand the risks involved before you make any investment decisions.

Regional Restrictions:

Sky Alliance Markets do not offer our services to residents of certain jurisdictions where such distribution or use would be contrary to local law or regulation, United States of America (U.S), Australia, Afghanistan, North Korea, Iran, Iraq, Yemen, Ontario Province (Canada).

Legal Information:

Sky Alliance Markets is a business name of Sky Alliance Markets (AU) Pty Ltd (ABN: 40 114 266 698), regulated by the Australian Securities and Investments Commission (AFSL: 292464). Sky Alliance Markets Pty Ltd (ABN: 12 627 649 423) is a Corporate Authorised Representative of Sky Alliance Markets (AU) Pty Ltd (ABN: 40 114 266 698), under AFS Representatives Number 001294747.

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