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Islamic Swap-free Accounts

Sky Alliance Markets provides Islamic accounts for Muslim customers who cannot earn or pay interest

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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.

Overnight Financing Charges

Overnight fee refers to the daily fee that investors need to charge during the transaction When they open a position for more than one day, it is usually charged at a flat rate financing charges. There is no need to charge extra interest on the currencies and products selected in the swap free accounts. The extra overnight fees are required for other accounts, including ordinary accounts and ECN accounts.

Swaps usually appear when investors hold positions until the next trading day
For both long and short position, negative swap rate may occur for some currency pairs.
Each currency pair has its own swap rate, and it is usually based on one lot as the standard unit.

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.

Islamic Standard Account
Leverage Up to 1:400
Minimum Trade Size 0.01 lots
Spread Low Spread
Commission Zero Commission
Account Setup Free Account Setup
Range of Markets 57 Forex pairs, 5 Commodities,
13 indices, and 5 cryptos
Minimum Deposit $ 100.00
Available Base Currencies USD
Server Location New York, Shenzhen, Hongkong,
Singapore, Las Vegas
EA Trading Support
Islamic ECN Account
Leverage Up to 1:400
Minimum Trade Size 0.01 lots
Spread Almost Zero Spread
Commission $3.5( $7 round turn)
Account Setup Free Account Setup
Range of Markets 57 Forex pairs, 5 Commodities,
13 indices, and 5 cryptos
Minimum Deposit $ 500.00
Available Base Currencies USD
Server Location New York, Shenzhen, Hongkong,
Singapore, Las Vegas
EA Trading Support

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

Apply Now !

Sign up Early Acces.

Simple operation of account opening

1

Accounts

Use your email to register or log in to your account.

2

Deposit

Multiple deposit methods to inject funds into your account

3

Trading

Start your Sky trading journey.

400:1

Leverage

$100

Minimum Deposit

< 35ms

Execution Speed

$0

Deposit Fee

Fast&Esay
Deposit

Quick Started

Trade Varieties Flexibly with Zero Commission 

Discover and expand your portfolio with various of Forex, Commodities, Indices, Futures, and Cryptos.

client@skyallmarkets.com

Email

Email

client@skyallmarkets.com

Risk Statement

PRODUCT DISCLOSURE STATEMENT

Client can download our product disclosure statement on our legal documents page or ask for it from any of our representatives.

RISK WARNING AND PRODUCT SUITABILITY

Forex trading is full of risk and opportunities. Before clients start trading , seeking independent financial advices is strongly recommended. Clients must aware that Forex Trading is not suitable for everyone. The potential risk may lead to a loss that exceed your initial deposit during the trading.

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