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How to open Admirals Markets Islamic Swap-Free account?
The Admirals Islamic Account has been designed only for Forex and CFD traders who are unable to receive or pay swaps due to their religious beliefs.
Please independently verify that all your trading is in accordance with your beliefs.
In order to open a live Islamic Account, Muslim clients must sign up for a Trader`s Room account through this page, apply for an Trade.MT5 account and provide the requested ID documents.
How can I deposit and withdraw funds from my Admirals Islamic Account?
As soon as you receive confirmation that your live account is open, you can initiate your first deposit via Trader`s Room using your preferred deposit method.
You can request a withdrawal of your funds any time via Trader`s Room. Admirals normally processs withdrawal requests within 24 hours on business days.
Fees charged on Admirals Islamic swap-free account
All Muslim clients who use an Islamic Account will be charged standard spreads and commissions and the administration charge.
Also, standard terms for dividend adjustments apply.
There are no swap or interest charges. Admirals applys an administration fee justifiable for administration of related expenses to manage your account.
In order to provide fair and transparent access to global markets, Admirals has to pass on the costs associated with maintaining their open positions.
All liquidity providers charge certain fees to keep positions open and this cost is passed onto clients via the administration fee.
Admirals calculates and applies the administration fee at 00:00-00:01 (EET) on all open positions on all Islamic trading accounts from Monday to Thursday. 3-day administration fee is charged on Fridays at 00:00-00:01 (EET) for rolling the open positions over the weekend.