About the Islamic account of Cryptocurrency, Energies, ETFs, Forex, Indices, Precious Metals, Stocks/Shares (UFX Web Trader/STP) offered by UFX.
Type and Conditions
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General Trading Conditions
By opening an Islamic account with UFX, you can trade Cryptocurrency, Energies, ETFs, Forex, Indices, Precious Metals, Stocks/Shares through UFX Web Trader trading platform.
Mainly UFX Islamic account offers STP execution model, the maximum leverage is 1:400, spread is Floating from 3.0 pips.
Available Base Currencies
You can choose from USD as your account base currency.
Negative Balance Protection
UFX adopts NBP(Negative Balance Protection), this means that you will not lose more than you deposit in your Forex & CFDs investment.
Margin call & Stop out
In the Islamic account, Margin call is 50% and Stop out is set to 50%, so all your positions will be automatically closed when the margin level reaches down to 50%.
Allow Trading Strategies
UFX allows Scalping, Hedging, News Time Trading trading and does not allow EAs (Expert Adviser, Automated Trading) trading in a platform of Islamic account.
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UFX Trading Accounts Comparison
Here are the details of all Forex trading accounts of UFX.
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