ActivTrades offers a Islamic swap and interest-free trading account. Ideal for traders who, due to their religious beliefs, are unable to earn or pay interest. The fee is not an interest and depends on the direction of the order. The Islamic forex trading environment is ideal for traders following strict sharia law with a fixed fee instead of swap.
ActivTrades at a glance
| 🏛️ Broker's Name | ActivTrades |
| 📍 Headquartered | London, UK |
| 📅 Year Founded | 2001 |
| ⚖️ Regulating Authorities | FCA, SCB, CSSF |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic Account (Swap Free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:400 |
| 💰 Minimum Deposit | $0 |
| 💳 Deposit Options | · Credit cards · Debit cards · Neteller · Skrill · AstroPay · Bank Transfer |
| 💳 Withdrawal Options | · Credit cards · Debit cards · Neteller · Skrill · AstroPay · Bank Transfer |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5 and ActivTrader |
| 📱 OS Compatibility | PC, Mac, Linux, Web, Android, iOS |
| 📈 Tradable Assets | · Forex · Indices and Financials · Commodities · Shares · ETFs |
| 👨💼 Languages supported on Website | English, German, Spanish, French, Italian, Russian, Portuguese, Malaysian, Chinese (Traditional), Chinese (Simplified), Arabic, Bulgarian |
| 👥 Customer Support Languages | English, German, Spanish, French, Italian, Russian, Portuguese, Malaysian, Chinese (Traditional), Chinese (Simplified), Arabic, Bulgarian |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | Click Here |
Min Deposit
USD 0
Regulators
FCA, SCB, CSSF
Trading Platform
MT4, MT5, ActivTrader
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our ActivTrades Islamic Account below.
ActivTrades Islamic account – 9 key points quick overview:
Overview- What exactly is an Islamic Account?
- Which financial activities are restricted and prohibited by Sharia law?
- What are the steps involved in opening a ActivTrades Islamic Account?
- What is ActivTrades’ spread costs on an Islamic Account?
- What other features does ActivTrades’ Islamic Account have?
- ActivTrades Pros and Cons
- Conclusion
- Frequently Asked Questions
️ Here is our overview of the ActivTrades Islamic Account as well as the features that are offered, for Islamic traders.
ActivTrades Overview
ActivTrades is a STP forex broker which was established in 2001 in Switzerland. It moved its headquarters to London, United Kingdom in 2005 due to the increase of demand of traders in Europe, Asia, and South America regions.
Today, the broker has a strong client base in Europe across Italy, Germany, France, and Portugal as well as overseas markets, such as Australia.
ActivTrades has company offices in Sofia, Bulgaria, Milan, Italy, Luxembourg, and the Bahamas and has recently opened a desk in Dubai.
ActivTrades Corp is a subsidiary of ActivTrades PLC, authorised and regulated by the UK Financial Conduct Authority (FCA).
It falls under the strict regulatory standards of the FCA and is also regulated by the Securities Commission of the Bahamas (SCB). Under both these regulatory authorities it must keep client funds in segregated accounts which can only be used by its clients.
In addition, ActivTrades offers negative balance protection as well as additional security to give protection up to $1 000 000.
With ActivTrades, traders can trade in over 500 financial instruments through the broker’s own proprietary platform, ActivTrader, or the popular and globally known and preferred, MetaTrader 4, and MetaTrader 5.
The broker also runs a no dealing desk and ensures no-requotes with competitive spreads, besides an extensive portfolio of tradable assets, powerful trading platforms, and numerous other features.
It also offers various educational tools that include seminars, webinars, webinar archives, one-on-one training, an extensive glossary, videos, manuals, and much more.
Customers from the United States are not accepted as clients at ActivTrades.
What exactly is an Islamic Account?
As offered by most brokers, an Islamic Account, is not a standalone account, although some brokers dedicate one account to being an Islamic or Swap Free account. In most cases, this is an option especially offered by Forex brokers.
An Islamic Account is also mostly provided by brokers who serve clients of the Middle East along with clients from other jurisdictions. It offers certain features that are in line with the Sharia law, which prohibits the accrual of interest on funds deposited into the account.
Another important feature on an Islamic Account is that transactions must be settled immediately. This requires that currencies be transferred from one account to the other right after the transaction has been completed and therefore paid for in full.
There are two key elements of the Islamic law that relate specifically to trading accounts, these elements are:
️ Riba, and
️ Gharar
Riba is the prohibition of generating money from money, which in this case specifically refers to interest, which is not allowed according to the Sharia law. This type of interest is seen as both unjust and exploitive gains pertaining to trade or business.
Which financial activities are restricted and prohibited by Sharia law?
️ Due to the restrictions and certain prohibitions placed on Muslim traders when considering the intricate details involved with trading activities, the following is affected greatly:
| 📍 Overnight rollovers | which involve the incurrence or receiving of swap points on positions that are held open for longer after the trading day has concluded at the New York close at 5 PM EST which is prohibited by the Sharia law. |
| 📍 Loans | when followers of the Sharia law have funds transferred by either a bank or other financial institution and it involves interest terms, this is prohibited by the Sharia law as per the key element, Riba. |
| 📍 Margin deposits and interest | which involves the accrual of interest on funds which are deposited into the trading account, which is prohibited. |
| 📍 Forward sales | which affects forward contracts as well as the trading of futures contracts which involves the buying and selling of contracts at a future date according to a price agreed upon on the day of entering such a contract. |
| 📍 Short sales | which affects mostly shares and involves borrowing and subsequent sale of an asset, which is prohibited. |
| 📍 Trading on margin | stocks that are traded on margin result in the trader being liable for paying interest, which amounts to Riba, as money is borrowed from the broker to buy or sell such equities, and which is prohibited by the Sharia law. |
What are the steps involved in opening an ActivTrades Islamic Account?
The opening of an Islamic Swap-free account with ActivTrades depends on approval by the broker. Traders need to log in to the broker’s website and follow the same steps as those that apply for an Individual live account.
Traders should take note that certain restrictions and limitations may apply to Islamic Accounts. Please contact ActivTrades to find out more before requesting a trading account.
What is ActivTrades’ spread costs on an Islamic Account?
Spreads start from 0.9 pips when using the Islamic account. This is influenced by the financial instrument, the time of day, as well as several other factors.
What other features does ActivTrades’ Islamic Account have?
️ When making use of the ActivTrades Islamic account, traders can expect the following key features:
| 📍 A minimum deposit requirement of $ 500. |
| 📍 Traders have access to 5-digit spreads. |
| 📍 Traders can trade in both mini and microlots. |
| 📍 Interest is not charged on contracts which are held for more than 24-hours. |
| 📍 There is a consistent zero rollover interest. |
| 📍 There are no additional rollover commissions where contracts are held for longer than 24-hours. |
| 📍 When using MetaTrader 4, traders can open accounts in USD. |
| 📍 When using MetaTrader 5, traders can open an account in either USD, EUR, CHF, or GBP. |
| 📍 Traders have access to Expert Advisors, which allow for automated trading. |
| 📍 Direct execution on trades. |
Traders should take note that markets open on Sunday at 23:00 CET and close on Fridays at 23:00 CET.
Min Deposit
USD 0
Regulators
FCA, SCB, CSSF
Trading Platform
MT4, MT5, ActivTrader
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
ActivTrades Pros and Cons
| ✔️ Pros | ❌ Cons |
| Commission-free trading offered on variable spreads | No fixed spreads offered |
| MetaTrader 4 offered | No US clients accepted |
| Negative balance protection | Only one live account types offered |
| Provides one-on-one trading | |
| Regulated by SCB, FCA, CSSF | |
| Segregated client funds |
Conclusion
ActivTrades offers an Islamic swap and interest-free trading account. Ideal for traders who, due to their religious beliefs, are unable to earn or pay interest. The fee is not an interest and depends on the direction of the order. The Islamic forex trading environment is ideal for traders following strict sharia law with a fixed fee instead of a swap.
The company is transparent, offers detailed analysis and there are no hidden fees. With access to live charts, one-click trading, technical indicators, and financial news, the company provides everything needed to trade successfully.
Platforms are easy to use and provide investment opportunities to professional, institutional, and retail traders globally to achieve short-and-long-term success.
ActivTrades ensures a variety of exchanges with different commissions are available to suit the needs of all its customers. It offers a Sign-Up Bonus for first-time users on live accounts. Customers also receive $1 000 for friend referrals.
To qualify for ActivTrades’ Cashback Programme and receive an equivalent of 20 percent reduction on spreads, 20 percent reduction on Shares commission, and 20 percent on swaps, customers must trade in excess of $50 million notional value.
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Frequently Asked Questions
Does ActivTrades offer the option of an Islamic Account?
Yes. ActivTrades offers the option of an Islamic Account for traders of the Muslim faith.
Are there additional charges on the Islamic account?
This is not clear on the ActivTrades’ website. Islamic accounts, however, have spreads that start from 0.9 pips as opposed to the individual account which has spreads that start from 0.5.
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