Interest free trading for traders of Islamic faith
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith. We offer our Islamic accounts to clients following the Muslim faith.
The Perfect Islamic accounts is really different from those generally offered by other forex brokers. The difference lies in the fact that unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, Just Perfect Markets imposes no additional charges.
In order to abide by the religious law of Islam, traders of Islamic belief are forbidden to pay interest. However, if the interest charge is transferred to a different type of fee, it is basically still a charge that covers the interest. This is also known by the name of swap-free in disguise. Just Perfect Markets is firmly against such practices as it opposes to fair and ethical trading conditions.
|Minimum Volume per trade||0.01|
|Maximum open orders||Unlimited|
|Negative balance protection||Yes|