Islamic Account

Islamic Accounts

WaveTrade offers Islamic accounts (also known as swap-free accounts) for clients who cannot earn or pay interest due to their religious beliefs. The swap-free option is available on both our Raw Spread and Standard account types on the MetaTrader 5 platform.

We are committed to providing our clients with the best trading conditions. Our Islamic accounts offer state-of-the-art trading infrastructure and execution speeds, enabling our traders to gain a competitive edge.

Overnight Financing Charges

Swap-free accounts do not pay or earn swap or interest on trading instruments; however, a holding fee will be applicable for positions held overnight. Any trades open overnight will be charged a flat-rate holding fee. Rates and holding periods are subject to change to reflect market conditions when necessary. WaveTrade's Raw Spread and Standard Account commissions and spreads apply

Islamic Account

Features

Trade over 90 instruments

Leverage up to 1:1000

Spreads as low as 0.0 pips

No swap/interest adjustments

Available on MetaTrader 5

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WaveTrade Ltd is authorized and regulated by the Mauritius Financial Services Commission (FSC) under Investment dealer licence number: GB23201379 and located at: Suite 803, 8th Floor, Hennessy Tower, Pope Hennessy Street, 11328, Port Louis, Mauritius. This authorization permits WaveTrade to offer financial services, including trading in Forex and Contracts for Difference (CFDs), under the stringent regulatory framework of the FSC.
Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure.
Restricted Countries: WaveTrade Ltd does not provide services for residents of certain countries such as the United States of America, Canada, Brazil, Israel, New Zealand, Iran and North Korea (Democratic People's Republic of Korea) or a country where such distribution or use would be contrary to local law or regulation.
You must be 18 years old, or of legal age as determined in your country. Upon registering an account with WaveTrade Ltd, you acknowledge that you are registering at your own free will, without solicitation on behalf of WaveTrade Ltd.
WaveTrade Ltd does not direct its website and services to any individual in any country in which the use of its website and services are prohibited by local laws or regulations. When accessing this website from a country in which its use may or may not be prohibited, it is the user's responsibility to ensure that any use of the website or services adheres to local laws or regulations. WaveTrade Ltd does not affirm that the information on its website is suitable for all jurisdictions.

Legal Documents

Islamic Accounts

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