CAPEX.com offers 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.
Capex.com at a glance
| 🔍 Broker's Name | Capex.com |
| 🏛️ Headquarters | Cyprus |
| 📅 Year Founded | 2016 |
| ⚖️ Regulating Authorities | CySEC, FSRA |
| 🌐 Countries not accepted for trade | United States, Canada, and Japan |
| ☪️ Islamic account (swap-free) | Yes |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | No |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1:30 / 1:300 for professionals |
| 💰 Minimum Deposit | $100/R1 600 ZAR |
| 💳 Deposit Options | Bank Card Wire transfer Neteller Skrill |
| 💳 Withdrawal Options | Bank Card Wire transfer Neteller Skrill |
| 📈 Spreads | from 0.01 pips |
| 📊 Platform Types | MetaTrader 5, Capex WebTrader |
| 📶 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 💰Sign up bonus | No |
| 📈 Tradable assets offered | Forex Commodities Indices Shares Cryptocurrencies |
| 💬 Languages supported on Website | English only |
| 💬 Customer Support Languages | English |
| ⏲️ Customer Service Hours | 24/5 |
| 👉 Open a account | Click Here |
Min Deposit
USD 100
Regulators
CySEC, FSRA
Trading Platform
MT5, Capex WebTrader
Crypto
Yes
Total Pairs
55
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our CAPEX.com Islamic Account below.
Capex.com Islamic account – 9 key points quick overview:
Overview- What exactly is an Islamic Account?
- Why is interest discouraged or prohibited by Sharia law?
- What are the steps involved in opening a Capex.com Islamic Account?
- What are Capex.com’s spread costs on an Islamic Account?
- What other features does Capex.com’s Islamic Account have?
- Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the CAPEX.com Islamic Account as well as the pros and cons as well as features that are offered to traders.
Overview
Capex.com is a Cyprus-based Forex trading broker that was first established in 2016 and provides a highly competitive trading environment, with tight spreads, commission-free trading, and high deposit security.
Capex.com is widely regulated across several jurisdictions by leading regulators, including the Cypress Securities and Exchange Commission (CySEC), and the FSRA.
Capex.com gives traders access to an impressive range of over 2000 trading instruments across the most popular asset classes, consisting of Forex, Indices, Bonds, ETFs, Commodities, Shares, Blends and Cryptocurrencies.
These assets and instruments can be traded on floating spreads, while fixed spreads go as low as 0.01 pip on certain instruments, providing compelling and attractive trading conditions that will suit beginner and advanced traders alike.
Capex.com offers three account types which can be opened as swap-free Islamic versions by applying directly to the Accounts Department. The Islamic Account does not bear any additional costs and offers the same trading conditions as provided on each of the swap-rated accounts.
An Islamic Account can be opened for a minimum deposit of $100, and trading is facilitated on either the industry-leading MetaTrader 5 platform or the proprietary Capex WebTrader.
Both trading software sources are feature-rich and supply beginner and advanced traders with a strong range of analytical tools, complemented by fast execution.
Capex.com has established a solid reputation within the highly volatile Forex trading market and has won several awards during its operational history.
These awards include Best Educational Forex Broker, Best Trading Tools, Best New Forex Broker Middle East, Best Dealing Room, and Fastest Growing Provider, amongst others.
As such, Capex.com has differentiated itself by blending technology with a customer-centered and education-oriented approach to create a true one-of-a-kind trading experience.
As indicative of its leading position within the Forex trading industry, Capex.com also recently the Official Trading Partner of Juventus to launch a highly attractive fan engagement campaign.
Overall, Capex.com has an excellent offering for beginner and advanced traders alike.
Beginner traders will enjoy the broker’s user-friendly trading environment with a wealth of educational resources, while advanced traders will find customizable trading tools and a wide selection of analytical features to enhance their trading potential.
What exactly is an 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 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 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 a Capex.com Islamic Account?
To open an Islamic, swap-free account with Capex.com, traders will have to first register with the broker. Upon your successful registration, sign up for the swap-rated account of your choice.
Once you have opened a swap-rated account, you can apply to the accounts department at Capex.com to it transferred to an Islamic version. You will have to provide supporting documents that prove your religious status.
What are Capex.com’s spread costs on an Islamic Account?
Capex.com’s Islamic account will have the same spread conditions as those on all of the other accounts.
As such, Capex.com provides mostly floating spreads, with some fixed spreads also available. In general, the spread offer is competitive, with spreads that drop as low as 0.01 pips for major currency pairs like GBPUSD and EURUSD. Typical spreads on FTSE100 are 1.2 and 0.65 on S&P 500.
With regards to commissions, Capex.com offers completely commission-free trading, which, in combination with the spread offer, makes this a competitive pricing model overall.
What other features does Capex.com’s Islamic Account have?
Traders on the Islamic Account will have access to both MetaTrader 5 and the Capex WebTrader, as well as a variety of integrated trading tools.
These integrated tools include Insiders Hot Stocks, Daily Analyst Ratings, Bloggers Opinions, Hedge Funds Activity, and News Sentiment.
Traders further have access to Trading Central, popular analytical software that uses quantitative technology and information from senior analysts.
Trading Central also provides patented pattern recognition, full coverage of the most popular CFD instruments, and multilingual technical analysis to help you understand the technical scenario at a glance.
The proprietary Capex WebTrader platform is an intuitive trading system that has a variety of execution modes and order types, along with price charts and time frames real-time symbol quotes, financial news, and up to ten charts that can be run simultaneously.
Finally, the MetaTrader 5 platform available on the Islamic Account is a highly popular piece of trading software used for its user-friendly interface that provides a wide range of execution types and order modes and cross-device functionality on the computer and mobile devices.
Min Deposit
USD 100
Regulators
CySEC, FSRA
Trading Platform
MT5, Capex WebTrader
Crypto
Yes
Total Pairs
55
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✔️ Pros | ❌ Cons |
| No additional costs on Islamic Account | |
| Same trading conditions for Islamic | |
| Account as on swap-rated accounts |
Conclusion
Yes, a CAPEX.com 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 Capex.com?
Capex.com offers an impressive selection of over 2000 instruments that can be traded across the most popular asset classes, to include the following:
- Forex – 55 major, minor, and exotic currency pairs, including GBP/USD and USD/JPY
- Cryptocurrencies – Trade with 5 cryptocurrencies, such as Bitcoin, Ethereum and Ripple
- Shares – A choice of over 2,000 companies, including Netflix, Google, and Apple
- Bonds – 4 bond CFDs across corporate, municipal and government bonds
- Commodities – 18 commodities across gold, oil, coffee, and gas
- Indices – 26 major indices, such as S&P 500 and JAPAN225
- Blends – Over 15 CFDs, including e-commerce and cannabis
- ETFs – Over 30 ETF instruments, such as SQQQ and USO
Which platforms are supported by Capex.com?
MetaTrader 5 and Capex WebTrader.
Does Capex.com offer leverage?
Yes, retail traders are offered a maximum leverage of 1:30, which is in line with ESMA restrictions as per the broker’s regulators. Professional clients can apply for a higher leverage level, with a maximum ratio of 1:300 available.
What spreads can I expect with Capex.com?
Capex.com offers a majority of floating spreads, with some fixed spreads also available. Overall, the spread offer is competitive, going as low as 0.01 pips for major currency pairs like GBP/USD and EUR/USD. Typical spreads on FTSE100 are 1.2 and 0.65 on S&P 500.
Does Capex.com charge commission?
No, Capex.com offers completely commission-free trading which, along with the relatively tight spreads, makes for a competitive trading environment.
Are there additional charges on the Islamic account?
No.
Is Capex.com regulated?
Yes. Capex.com is widely regulated by several leading financial regulatory bodies around the world. These consist of the FSCA, CySEC, ADGM, and the FSA.
As part of this regulation, client funds are guarded in segregated accounts, and all accounts are afforded negative balance protection which protects traders from incurring losses that exceed their initial deposits.
Capex.com’s infrastructure is stationed privately across multiple cloud systems with multi-level backups done on a regular basis.
Added to this, the broker makes use of extensive firewalls and load balancers to establish network security and best accessibility while also relying on exclusive security support.
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