The Exclusive Markets Islamic Account, offered to traders of the Muslim faith, can be opened as a swap-free version of any of the three swap-rated accounts with the same access to all the trading conditions, tools, and features.
Exclusive Markets at a Glance
| 🔎 Broker's Name | Exclusive Markets |
| 📍 Headquartered | Victoria, Mahé, Seychelles |
| 📅 Year Founded | 2020 |
| ⚖️ Regulating Authorities | FSA |
| 🌐 Countries not accepted for trade | Canada, Cuba, Iran, Iraq, North Korea, Sudan, Syria, Turkey, Belgium, The United States, Latvia, and Switzerland |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $ 10 |
| 💳 Deposit Options | MasterCard Visa Skrill Neteller Bitcoin Tether Bank Wire Transfer |
| 💳 Withdrawal Options | MasterCard Visa Skrill Neteller Bitcoin Tether Bank Wire Transfer |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5 |
| 📱 OS Compatibility | Web browsers, desktop, Mac, Windows, Android, iOS |
| 📈 Tradable assets offered | Forex, Metals, Commodities, Indices, Bonds, Stocks, ETFs, and Cryptocurrencies |
| 👨💼 Languages supported on Website | English, Spanish, Chinese, Russian, Indonesian, Vietnamese, and Portuguese |
| 👥 Customer Support Languages | English, Spanish, Chinese, Russian, Indonesian, Vietnamese, and Portuguese |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Open Account |
Min Deposit
USD 10
Regulators
FSA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Exclusive Markets Islamic Account – 12 key points quick overview:
Exclusive Markets at a Glance- Exclusive Markets Islamic Account – 12 key points quick overview:
- Exclusive Markets Overview
- What exactly is an Exclusive Markets Islamic Account?
- Which financial activities are restricted and prohibited by Sharia law?
- What are the steps involved in opening an Exclusive Markets Islamic Account?
- What are Exclusive Markets’ spread costs on an Islamic Account?
- What other features does Exclusive Markets’ Islamic Account have?
- Exclusive Markets Customer Reviews
- Exclusive Markets Pros and Cons
- Conclusion
- Frequently Asked Questions
Exclusive Markets Overview
Exclusive Markets is an STP online financial broker that operates from Victoria, Mahé in Seychelles. The broker was founded in 2025.
Exclusive Markets is situated in an offshore destination and is seen as a limited liability company incorporated under the laws of the Financial Services Authority (FSA) of Seychelles.
The broker offers online trading in more than 30 000 financial instruments that include forex, metals, commodities, indices, stocks, ETFs, and cryptocurrencies.
It offers clients the choice to trade through the popular and preferred MetaTrader5 and MetaTrader4 platforms. Traders are also provided with many trading features that include competitive commission fees, low spreads that start from 0.0 pips, a choice between three live account types, and a dedicated customer support team.
The team is committed to tailoring its services to meet the needs of its clients and adapt to evolving financial markets. Its vision is to empower investors all over the world to build a more secure financial future.
Clients from Canada, Cuba, Iran, Iraq, North Korea, Sudan, Syria, Turkey, Belgium, The United States, Latvia, and Switzerland are not accepted.
What exactly is an Exclusive Markets Islamic Account?
As offered by most brokers, an Islamic Account is not a standalone account. Some brokers do dedicate one account to being an Islamic or Swap Free account.
Islamic Accounts are mostly provided by brokers who serve Middle Eastern clients together with clients from other jurisdictions. This account type offers certain features that are in line with Sharia law, which prohibits the accumulation of interest on funds deposited into the account.
Transactions on the Islamic Account must also be settled immediately. This requires that currencies must be transferred from one account to the other right after the transaction has been completed. It will therefore be paid in full.
Two key elements of Islamic law 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 an interest, which is not allowed according to 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, some features are 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.
Margin deposits and interest, which involve the accrual of interest on funds that are deposited into the trading account, are prohibited.
Loans that entail when followers of the Sharia law have funds transferred by either a bank or other financial institution and it involves interest terms is prohibited by the Sharia law as per the key element, Riba.
Trading on margin affects stocks that are traded on margin that resulting 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, which is prohibited by the Sharia law.
Short sales mostly affect shares and involve borrowing and subsequent sale of an asset, which is prohibited.
Forward sales affect 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.
What are the steps involved in opening an Exclusive Markets Islamic Account?
Exclusive Markets only offer the opening of Islamic Swap-Free accounts to clients of the Muslim faith, and it is subjected to the approval of the broker.
The website states that traders need to log in to the broker’s website and submit a request to customer services for the opening of an Islamic Account.
What are Exclusive Markets’ spread costs on an Islamic Account?
There is no indication on the broker’s website and the information is obviously only available for traders who have approved Islamic accounts.
What other features does Exclusive Markets’ Islamic Account have?
Traders can expect the following key features when making use of the Exclusive Markets’ Islamic account:
There is a consistent zero rollover interest since interest is not charged on contracts that are held for more than 24 hours.
Where contracts are held for longer than 24 hours there are no additional rollover commissions.
Direct execution on trades.
Markets open on Sunday at 11 pm CET and close on Fridays at 11 pm CET and there may be some restrictions and limits that apply to the Islamic Account.
Min Deposit
USD 10
Regulators
FSA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Exclusive Markets Customer Reviews
Genial
Super friendly, super-efficient, and an excellent job, they solved my problem very quickly. great!
The best broker I have ever tried
The best Broker I have ever tried, good trading conditions, many assets to be able to operate, copy trading, and a lot of services it offers, and above all I would highlight the customer service: fast and decisive.
withdrawals always on time and without problems, I recommend it 100%
Exclusive Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Commission-free trading offered on the Standard account | Clients from Canada, Cuba, Iran, Iraq, North Korea, Sudan, Syria, Turkey, Belgium, The United States, Latvia, and Switzerland not accepted |
| Islamic account offered | Fixed spread accounts not offered |
| MetaTrader4 and MetaTrader5 offered | Lack of educational and research tools |
| Multiple financial instruments offered | No clear indication on the opening of a demo account |
| Reliable payment methods accepted | Off-shore regulation |
Conclusion
Exclusive Markets offers an Islamic Account to traders of the Muslim faith, which can be opened as a swap-free version of any of the three swap-rated accounts with the same access to all the trading conditions, tools, and features.
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Frequently Asked Questions
Do Exclusive Markets charge a commission on the Islamic account?
Yes. Exclusive Markets does charge a commission on forex and metals of $ 5 per side per lot on the Pro Account and $ 3.5 on the Exclusive Account. It is unclear whether Islamic account holders are subjected to the same commission charges. Traders must verify this information with the broker.
What is the overall rating out of 10 for the Exclusive Markets Islamic account?
The overall rating we give for the Exclusive Markets Islamic account is 6/10.
Are there additional charges on the Islamic account?
Not that can be seen on Exclusive Markets’ website.
What spreads can I expect with Exclusive Markets?
Spreads typically start from 0.0 pips EUR/USD.
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