Swap-free Islamic
trading account
Trade with a broker that respects Sharia principles and gives you access to reliable trading conditions
Open Islamic Account
Trade in line with Sharia principles
An Islamic (swap-free) account allows you to hold positions without earning or paying interest on overnight swaps, helping you stay aligned with Sharia laws. You can trade a range of instruments, including forex, indices and commodities, while avoiding interest-based charges.
Any Classic or Raw account at Tickmill can be converted to an Islamic account.
Your spreads, execution speed and platform access remain the same. The only change is that swap charges are removed, and a handling fee may apply for selected instruments once the grace period ends. More information on the number of charge-free days is shown in the table below.
Once your first account is converted, every new account you open at Tickmill will also be swap-free. This helps you keep all your trading activity consistent with Sharia principles.
Note: Before applying for an Islamic account, please make sure you have read, understood and comply with the relevant Terms and Conditions
Open Islamic Account*Cryptocurrency CFDs and swap charges
A yearly 10% swap charge applies to long positions in digital currencies after the 5-day swap-free period.
Please make any adjustments needed to keep your trading in line with halal practices.
Example of digital currency charge:
Holding 1 lot of BTCUSD overnight at a market price of 66,200 USD would result in: (1 lot x 1 BTCUSD x (-10) x 66,200 x 1 night) / (360 x 100) = -18,40 USD
Note that Cryptocurrency CFDs are available for Professional Clients only in the EU and UK.
Exceptional trading conditions
Your Islamic account delivers the same trading setup used across all Tickmill account types, just swap free.
Available base currencies
USD, EUR,
GBP, ZAR
Execution model
Hybrid
Execution type
Market execution
Average execution speed
0.20
seconds
Margin call / Stop-out
100% / 30%
How to switch to an Islamic account
Request
Through your Client Area or by contacting our Support team
We review
We aim to email you within one business day once everything is complete
Trade swap-free
All future accounts you open will also be swap-free
Understanding handling fees
Islamic accounts replace traditional swap charges with handling fees. These fees apply only to selected instruments and begin after a set grace period, which varies by instrument type. This lets you hold positions without interest-based swaps being applied, while covering the cost of keeping trades open overnight.
Refer to the table below for more details:
| Instruments ⬍ | Handling fee ($ per lot) ⬍ | Charge free days ⬍ |
|---|
| Instruments ⬍ | Handling fee ($ per lot) ⬍ | Charge free days ⬍ |
|---|
| Instruments ⬍ | Handling fee ($ per lot) ⬍ | Charge free days ⬍ |
|---|
| Instruments ⬍ | Handling fee ($ per lot) ⬍ | Charge free days ⬍ |
|---|
| Instruments ⬍ | Handling fee ($ per lot) ⬍ | Charge free days ⬍ |
|---|
If you open a position in EURCZK on Day 1, no fees apply for the first three nights.
Fees begin on the fourth night at 00:00 and continue each night until you close the position.
Exception:
For Classic Swap-Free accounts, handling fees start from day 41 for the following instruments: XAUUSD, XAUEUR, XAGUSD, AUDJPY, CADJPY, CHFJPY, EURJPY, GBPJPY, NZDJPY, USDJPY, USDCHF, EURCHF, AUDCHF, CADCHF, GBPCHF, NZDCHF.
- All charges are in USD and are converted automatically to your account’s base currency if this is different.
- Fees are fixed per 1 lot, no matter if the position is long or short, and are applied to MT4 and MT5 swap-free accounts as a separate balance entry at 00:00 server time.
- Handling fees may change at any time at Tickmill’s discretion.
Trade your preferred instruments
Access a comprehensive range of trading instruments through your Islamic account, all compliant with Sharia principles.
