Aetos Capital Group Islamic Account

Aetos Capital Group does offer a Islamic account for Muslim faith traders. The Islamic forex trading environment is ideal for traders following strict sharia law with a fixed fee instead of swap. The fee is not an interest and depends on the direction of the order.

Overall Rating

• 2.5/5

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Min Deposit

USD 250

Regulators

ASIC, FCA

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

27

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our Aetos Capital Group Islamic Account below.

Aetos Capital Group Islamic Account – 9 key points quick overview:

1. Aetos Overview
2. What exactly is an Aetos Islamic Account?
3. Why is interest discouraged or prohibited by Sharia law?
4. What are the steps involved in opening an Aetos Islamic Account?
5. What is Aetos’ spread costs on an Islamic Account?
6. What other features does Aetos’ Islamic Account have?
7. Aetos Pros and Cons
8. Conclusion
9. Frequently Asked Questions

Here is our overview of the Aetos Capital Group Islamic Account as well as the pros and cons as well as features that are offered to traders.

Aetos Overview

Aetos is a Sydney-based Forex broker that is well regulated by both the Financial Conduct Authority (FCA) in the UK, and by the Australian Investments and Securities Commission (ASIC) in Australia. With such advanced regulation Aetos strictly follows regulatory guidelines to provide its clients with disclosure statements on counterparty risk and conflicts of interests. Client money safety is guaranteed by the broker’s regulatory status. When clients deposit money into an Aetos trading account, they are funding money into an independent and segregated trust account which is required to receive third-party auditing with the supervision of a regulatory body.

Aetos has managed to differentiate itself in the market by provided diverse investment and brokerage services, which allow for traders to also become partners and grow their businesses alongside the broker. Aetos is specialized in providing all-in-one turnkey solutions to its global partners. With Aetos, traders can operate a fully-fledged introducing brokerage business with a One-point of contact. As such, traders of various investment styles will be trading with an industry leading broker with robust financial strength. To this end, Aetos has successfully served clients across more than 100 countries around world with a daily trading execution capacity up to 100,000 times trade.

The broker provides access to a wide range of assets, all of which can be traded on the industry leading MetaTrader 4 platform, as well as MetaTrader 5. MT4 is one of the most popular trading platforms in the world. Apart from its flexible order-transaction features, MT4 also provides other functions, including news, market quotes, charts analysis, indicators, prompted alarm, and newsletter. AETOS also provides the MT4 mobile platform. The mobile version supports iPhone, iPad, and Android devices so that investors can manage their trade accounts wherever they are. Apart from the ideal order transactions and account management functions, MT4 mobile platform provides comprehensive analysis options. No matter where you are, investors can use MT4 Mobile to track the latest movements in the market and trade any time. Aetos MT4 can provide all kinds of customized indicator plug-ins, which can be brought up from MT4 navigator. MT4 includes a programming function called MetaEditor. Through this program, users can write their own third-party indicator plug-ins in accordance with their trading needs.

As an additional feature, Aetos also provides clients with access to Autochartist. Autochartist is a powerful market analysis tool to identify potential trading opportunities and present traders with a visual representation of that. Autochartist features a variety of advanced functions including auto alert on trading opportunities, market analysis rating and market report. These trading tools are popular among beginner users who just stepped into the global investment market. Other AutoChartist components including volatility analysis and market movement range forecast are also favoured by experienced traders and function powerfully along their professional trading journey. Autochartist is available as plugins into AETOS MT4 trading platform and will effectively help trader to capture the next potential trading opportunities.

Finally, Aetos provides traders with commission-free trading across all its accounts and assets, complemented by competitive spreads and acceptable trading fees elsewhere. The Islamic Account offered by Aetos will have no additional charges while providing traders of the Muslim faith with the same trade features as found on the General Account. This includes the full range of assets and access to MetaTrader 4.

What exactly is an Aetos Islamic Account?

To better understand Islamic forex trading, it is important to first gain an insight into the guiding principles of Islamic finance.

To this end, Islamic finance differs significantly from conventional finance in that it is guided by a set of ethics rather than by purely profit motive. As such, two principles guide Islamic finance as below:

The first principle is a risk sharing philosophy between the lender and borrower. According to Islamic principles, interest is unethical, as it guarantees a reward for the lender, while the borrower must incur all the risk. This, according to Islamic finance, can lead to exploitative practices.

The second principle is that financial activity must promote social and economic wellbeing. The purpose of finance in Islam is to promote happiness and contentment in this earthly life. Finance is just one part of life and society.

With these guiding principles, the fundamental feature of Islamic finance is to encourage socio-economic justice.  It is for this reason that interest (or riba) is prohibited. Excessive risk (or gharar) is also prohibited, as is excessive gambling or speculation.

Why is interest discouraged or prohibited by Sharia law?

Interest is any pre-agreed fee paid over and above the principal amount, whether it is a personal or commercial loan. Charging interest, according to Sharia law, or making money from money, is unlawful. The major reasons for its condemnation include:

Riba promotes negative growth. It may increase money quantitatively, but essentially, there is no primal progression in social wealth.

Riba disgraces the human spirit. It effectively promotes a culture that places undue significance on that which is monetary, while disregarding that which is human.

Riba is essentially seen as the unlawful acquisition of property.

When entrenched, Riba corrupts society.

Riba is, for all intents and purposes, unjust. While it creates money for the lender, it is extremely oppressive towards the borrower.

What are the steps involved in opening an Aetos Islamic Account?

To open an Islamic Account with Aetos, traders will have to apply to the broker’s account department directly, who will guide you through the application process. Applicants should be aware that they will likely be required to provide supporting documents to prove their religious status.

What is Aetos’ spread costs on an Islamic Account?

The spread cost on the Islamic Account will be the same as that for the General Account (the Advanced Account cannot be converted to swap-free status). As such, for clients using the General Account, the typical EUR/USD spread is 1.8 pips which drops to 1.2 pips with the Advanced Account. For the FTSE100 index futures CFD, the typical spread is 25 pips for both the General and the Advanced Account.

What other features does Aetos’ Islamic Account have?

The Islamic Account from Aetos will provide traders with the following features:

Furthermore, the account provides access to the MetaTrader 4 platform. This will give traders a further set of trading features as listed below.

Overall Rating

• 2.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 250

Regulators

ASIC, FCA

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

27

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Aetos Pros and Cons

Conclusion

Yes, a Aetos Capital Group Islamic account for Muslim faith traders including a swap-free account is offered. The Islamic forex trading environment is ideal for traders following strict sharia law with a fixed fee instead of swap. The fee is not an interest and depends on the direction of the order.

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Frequently Asked Questions

How many instruments can I trade with Aetos?

Traders with Aetos will have access to the following assets:

• Shares CFDs (AU only) – Wide range of Australian and US shares such as Apple and 3M
• Indices – Global indices including UK100 and HKG50
• Forex – 27 currency pairs both major and exotic
• Energy – Including UK and US crude oil
• Metals – Gold, silver, and copper

Which platforms are supported by Aetos?

MetaTrader 4 and MetaTrader 5.

Does Aetos offer leverage?

Yes. The Australian branch of Aetos offers a maximum leverage of 1:200 for forex and between 1:100 and 1:400 for energy, indices, metals, and shares. The UK-based branch offers maximum leverage of 1:30.

What spreads can I expect with Aetos?

For clients using the General Account, the typical EUR/USD spread is 1.8 pips which drops to 1.2 pips with the Advanced Account. For the FTSE100 index futures CFD, the typical spread is 25 pips for both the General and the Advanced Account.

Does Aetos charge commission?

Aetos appears to offer no commissions trading on both of its accounts, which makes for a competitive offer all round.

Are there additional charges on the Islamic account?

No.

Is Aetos regulated?

Yes. Aetos is regulated by the Australian Securities and Exchange Commission (ASIC).