Yes, a Juno Markets 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. The fee is not an interest and depends on the direction of the order.
Juno Markets at a glance
| 🔍 Brokers Name | Juno Markets |
| 📍 Headquartered | Republic of Vanuatu |
| 📅 Year Founded | 2014 |
| 🏛 Regulating Authorities | Vanuatu Financial Services Commission (VFSC) |
| 🌐 Countries not accepted for trade | United States, Hong Kong, Iran, Korea |
| ☪️️ Islamic Account (Swap Free) | Yes |
| 📒 Demo Account | Yes |
| 💻 Institutional Accounts | Yes |
| 💻 Managed Accounts | Yes |
| 📊 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $100 |
| ZAR | R1 600 ZAR |
| 💳 Deposit Options | Instant bank transfer, international bank wire, Cryptocurrencies, Skrill, Neteller, Union Pay, Alipay, Ngan Luong, Fasapay. |
| 💳 Withdrawal Options | Instant bank transfer, international bank wire, Cryptocurrencies, Skrill, Neteller, Union Pay, Alipay, Ngan Luong, Fasapay. |
| 📉 Platform Types | MT4 Juno Auto Trader |
| 📲 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad Tradable assets offered Forex – Trade over 75 major, minor, and exotic currency pairs including GBP/USD, EUR/USD, and EUR/GBP |
| 📊 Tradable Assets | Metals – Gold, silver, platinum, and palladium Stock indices – 11 of the world’s largest and most liquid indices, including the FTSE and Dow Jones Energies – Brent Crude Oil Equity CFDs – Some of the largest companies in technology and pharmaceuticals, like Tesla, Zoom, Facebook and Pfizer |
| 🌐 Languages supported | English, Japanese, Vietnamese, Indonesian. |
| ☎ Customer Service Hours | 24 hours a day /5 days a week |
Min Deposit
USD 100
Regulators
VFSC
Trading Platform
MT4, Juno Auto Trader
Crypto
Yes
Total Pairs
75
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Juno Markets Islamic Account Revealed – A Key 11-Point Quick Overview
- ✅Juno Markets at a glance
- ✅Juno Markets 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 Juno Markets Islamic Account?
- What are Juno Markets’ spread costs on an Islamic Account?
- What other features does Juno Markets’ Islamic Account have?
- Juno Markets Pros and Cons
- Juno Markets Customer Reviews
- Conclusion
- Frequently Asked Questions
Juno Markets Overview
Juno Markets is an online broker that was founded in 2014 and is specializing in forex, CFDs, and commodities. The broker is based and regulated in the Republic of Vanuatu, holding a license with the Vanuatu Financial Services Commission (VFSC), and offers several platforms, including MT4 to traders. Juno Markets provides competitive trading conditions under renewed efforts by the VFSC to tighten its regulatory requirements and ensure client protection.
According to these regulations, Juno Markets is required to annually conduct a financial audit by an independent auditor as well as deposit a capital requirement of 5 000 000 VT bond with the VFSC. The broker provides trading services for both beginner and expert traders, offering STP, ECN, and PAMM/MAM accounts but traders from certain countries, including the US and Hong Kong, cannot open a Juno Markets account.
Juno Markets provides MetaTrader 4 (MT4), the first choice for many traders around the world, as trading platform. MT4 sports an award-winning customizable interface and a host of advanced features, making it a suitable platform for all levels of traders. It also offers 50+ indicators and customizable charting tools, no trading restrictions, or re-quotes, is available in 40 languages, gives real-time pricing, and allows one-click trading.
The broker also provides the Juno Auto Trader as copy trading platform with the STP account. This is ideal for beginners or those who cannot invest all their time into trading themselves. Traders receive access to multiple trading strategies and can build their portfolios based on the actions of other successful, vetted traders. They will get month-by-month overviews as well as dozens of metrics to help them analyze instruments, profitability, and drawdown.
Juno Markets offers more than 100 tradable products and has been nominated for several awards, including a nomination for Best Broker in Malaysia 2025 – Trader’s Fair, a nomination as Best Global Financials Broker Asia 2025 – Capital Finance International, and for the Best IB Program 2018 – China Forex Expo.
What exactly is an Islamic Account?
Islamic accounts, known as swap-free accounts, are compliant with Sharia law because there is no swap or rollover interest on overnight positions, which is against the Muslim faith. Muslim clients can benefit from these same trading conditions and terms as regular trading account types, with the only difference having no swaps on trading instruments.
A handling charge may however apply. An Islamic Account may be a standalone account or an account option offered on regular accounts. Islamic Accounts are often provided by brokers who serve Middle Eastern clients and offer features that are in line with Sharia law, which prohibits the accrual of interest on funds deposited into the account.
| ☪️️ Juno Markets Islamic Account: | Strict Sharia Law |
| STP,ECN, PRO Accounts | |
| Swap 🆓 |
There are two key elements of Islamic law that relate specifically to trading accounts, namely Riba and Gharar. Riba is a concept that refers to increasing or exceeding growth, which forbids interest credited from loans or deposits. Gharar is an Arabic word associated with uncertainty, deception, and risk, which in modern finance include futures and options contracts, which have future delivery dates.
| Riba |
| Gharar |
Which financial activities are restricted and prohibited by Sharia law?
Due to the restrictions and prohibitions on Muslim traders when considering the intricate details involved with trading activities, the following may be affected or prohibited:
| Margin deposits and interest: | which involves the accrual of interest on funds that are deposited into the trading account, which is prohibited. |
| 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. |
| Short sales: | which affects mostly shares and involves borrowing and subsequent sale of an asset, which is prohibited. |
| 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. |
| 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. |
| 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, which is prohibited by the Sharia law. |
What are the steps involved in opening a Juno Markets Islamic Account?
Traders who are eligible for an Islamic Account must probably complete the live account application and then state that they want to apply for the Islamic option. Juno Markets may also require certain additional documents, apart from proof of identity and residential address.
Step 1 – Navigate to the Juno Markets website and click on ‘Create Account”
Navigate to the account registration area on the Juno Markets website. This can be accessed by clicking on the create account button at the bottom of the landing page.
Step 2 – Fill out the Juno Markets account registration form
Fill out the short online registration form to request a live trading account. You will need to provide your platform type, account type, name, and date of birth.
Step 3 – Fill out the Juno Markets account registration form and click “submit”
Fill out the short online registration form to request a live trading account. You will need to provide your Trading experience, Annual Gross Income, Income Source, and Government position status.
Fill in the referral code and click “submit”.
Step 4 – Upload additional documents and contact the customer support team for the Swap-free option.
What are Juno Markets’ spread costs on an Islamic Account?
To make up for money lost by not charging overnight fees, a broker like Juno Markets usually charges extra fees on Islamic accounts – either in administration fees, wider spreads, or additional commissions.
What other features does Juno Markets’ Islamic Account have?
When making use of the Juno Markets Islamic account, traders can expect key features like the following:
▶ Interest is not charged on contracts that are held for more than 24 hours.
▶ Accounts are activated with a required minimum deposit.
▶ Some specific restrictions and limits may apply to the Islamic Account.
Juno Markets Pros and Cons
| ✔ PROS | ❌ CONS |
| Competitive trading conditions are offered | Customer support is not the best |
| Islamic or swap-free accounts can be opened | No proper regulation by respected authorities |
| A minimum lot size of 0.01 allowed | No trading in shares or cryptocurrencies |
| More than 100 assets available for trading | Offshore broker |
| Tight spreads offered |
Juno Markets Customer Reviews
Best Broker
Juno market is the best broker..Fast depo, fast profit & fast withdraw .. good job ..100% Recommended! – Tamrayn
Must Join
I double my investment in 6 months, with excellent customer service! Good CFD and ECN trading – Irene
Juno Markets IB Program
I enjoy the opportunities to earn an income through Partnership programs offered by forex brokers, Check it out! – Bonny
You might also like: Juno Markets Review
You might also like: Juno Markets Account Types
You might also like: Juno Markets Demo Account
You might also like: Juno Markets Fees and Spreads
You might also like: Juno Markets Minimum Deposit
You might also like: Juno Markets Sign up Bonus
Conclusion
Overall, Juno Markets is a broker which provides an excellent and professional offering to a range of traders. While the broker is located off-shore, it is well-regulated by an unbiased and transparent agency, and provision is made for a client compensation scheme.
The company provides a fantastic offering in terms of the MetaTrader4 platform as well as its own proprietary platform, with a wide range of tradeable assets. Traders can trade the entire forex index, with the possibility of short-selling to profit from a falling market. While the company’s educational offering is fairly limited, the research tools are excellent and will assist a range of traders in executing fast and profitable strategies.
Min Deposit
USD 100
Regulators
VFSC
Trading Platform
MT4, Juno Auto Trader
Crypto
Yes
Total Pairs
75
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Frequently Asked Questions
Are Muslim traders from South Africa allowed to open a trading account with Juno Markets?
Yes, Juno Markets is accessible to Muslim traders in South Africa.
Does Juno Markets offer leverage on the Islamic account?
Yes, Juno Markets offers maximum leverage of up to 1: 500.
How many instruments can I trade with the Juno Markets Islamic account?
You can trade several different instruments with Juno Markets, which include the following:
- Forex – Over 75 major, minor, and exotic currency pairs including GBP/USD, EUR/USD, and EUR/GBP
- Metals – Gold, silver, platinum, and palladium
- Stock indices – 11 of the world’s largest and most liquid indices, including the FTSE and Dow Jones
- Energies – Brent Crude Oil
- Equity CFDs on some of the largest companies in technology and pharmaceuticals, from Tesla and Zoom to Facebook and Pfizer
Which platforms are supported by the Juno Markets Islamic account?
Juno Markets provides the following popular trading platforms:
- MT4
- Juno Auto Trader
What spreads can I expect with the Juno Markets Islamic account?
Juno Markets offers spreads from 0.2 pips.
Top 4 Brokers
