FXCM does offer an Islamic, Swap-Free trading account that is roll-over fee-free. FXCM offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. Spreads plus Commission may apply.
| 🔎 Broker | 🥇 FXCM |
| ☪️ Islamic Account | ✅ Yes |
| 🔁 Swap Fee | ❌ No |
| 💳 Commission | ☑️ Yes |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit USD 50 Regulators FCA Trading Platform MT4, NinjaTrader, Trading Station Crypto Yes Total Pairs 42 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
FXCM Islamic, Swap-Free Account – 7 Key Point Quick Overview
- ☑️ FXCM Overview
- ☑️ FXCM Islamic, Swap-Free Account
- ☑️ How to Open an FXCM Account – A Step by Step Guide
- FXCM Customer Reviews
- FXCM Pros and Cons
- Conclusion
- Frequently Asked Questions
FXCM Overview
FXCM is a UK-based broker that offers CFD trading on shares, stock indices, forex, commodities, and cryptos to a global market. FXCM has offices in a wide variety of global locations, including Berlin and Sydney with more than 130’000 customer accounts registered worldwide.
FXCM Islamic, Swap-Free Account
FXCM does offer an Islamic, Swap-Free trading account that is roll-over fee-free. FXCM offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. Spreads plus Commission may apply.
| 🔎 Broker | 🥇 FXCM |
| ☪️ Islamic Account | ✅ Yes |
| 🔁 Swap Fee | ❌ No |
| 💳 Commission | ☑️ Yes |
| 🚀 Open an Account | 👉 Click Here |
How to Open an FXCM Account – A Step by Step Guide
1. Step 1: Start Process.
Click on either blue Open Account button located on the FXCM homepage in order to start the process. Once this step has been completed, the applicant will be met with an explanation page with a larger Open Account Button. Click the button to continue.
2. Step 2: Apply Now.
The applicant must now select their country of residence plus their preferred platform for trade.
3. Step 3: General Information.
The following step is for the applicant to complete a selection of general information, including their preferred account option.
4. Step 4: Personal Information.
The applicant will be required to complete a Personal Information section, including citizenship, date of birth, and more.
5. Step 5: Contact and Employment Information.
The fifth step in the application process is to complete both contact and employment information, followed by questions in regards to the applicant’s trading history.
6. Step 6: Security and Referral
The final set of questions to complete will be concerning security measures plus a referral.
7. Step 7: Terms and Conditions
The account applicant must now carefully read, consider and ensure that they understand FXCM’s terms and conditions. Once they are secure in their choice to open an FXCM live trading account, they can now click on Finish.
FXCM Customer Reviews
Great Experience.
FXCM broker is great. First of all the support is the best I have ever had to communicate. The mobile app and the desktop platform are easy to use as well. Overall after 2 years of trading with them, my experience is great. – Anastasia
Very Good Service.
The platform is seamless. Execution is swift. Customer service is prompt. I have enjoyed professional broker service from FXCM. – Jake
Highly Recommend!
The broker did not disappoint me in any way. 10 Stars. – Greg
FXCM Pros and Cons
| ✅ Pros | ❌ Cons |
| Easy Account Setup | Limited Product Portfolio |
| Good Technical Tools | High Withdrawal Fees |
Min Deposit USD 50 Regulators FCA Trading Platform MT4, NinjaTrader, Trading Station Crypto Yes Total Pairs 42 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Conclusion
Overall, FXCM does offer an Islamic, Swap-Free trading account that is roll-over fee-free.
You might also like: FXCM Account Types Overview
You might also like: FXCM Demo Account – Step by Step
You might also like: FXCM Fees and Spreads
You might also like: FXCM Minimum Deposit
You might also like: FXCM Sign up Bonus
Frequently Asked Questions
Are Muslim traders from South Africa allowed to open a trading account with FXCM?
Yes, an FXCM Islamic Account can be opened by Muslim Traders in South Africa.
Do spread costs apply to an FXCM Islamic account?
Yes, Spread plus Commission may apply to the FXCM Islamic Account.
Is it safe to open an Islamic account with FXCM?
Yes, FXCM can be summarised as a trustworthy broker.
Are there any additional charges for the FXCM Islamic account?
Yes, as mentioned – Spread plus Commission costs may apply to the FXCM Islamic Account.
What instruments can I trade with an FXCM Islamic account?
Muslim Traders can trade multiple instruments including Forex and Commodities.
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