PocketOption Islamic Account

Overall PocketOption automatically creates Islamic Account options for all of its account types. PocketOption does not charge spreads, but rather charges a commissions of $0.5 on average.

PocketOption at a glance

PocketOption Islamic Account Review – 10 Key Point Quick Overview (2025):

1. PocketOption Overview
2. What exactly is an Islamic Account?
3. Which financial activities are restricted and prohibited by Sharia law?
4. What are the steps involved in opening a PocketOption Islamic Account?
5. What is PocketOption’s spread costs on an Islamic Account?
6. What other features does PocketOption’s Islamic Account have?
7. PocketOption Customer Reviews
8. PocketOption Pros and Cons
9. Conclusion
10. Frequently Asked Questions

PocketOption Overview

Pocket Option’s FMRRC certification has made it a favourite among binary options traders. Investors can earn commissions of up to 92% with this organization, and they also have access to a plethora of bonus opportunities and a rewarding affiliate scheme.

Traders can advance in status and access more tools in Pocket Option’s Market thanks to exclusive prizes, which in turn increases the likelihood of a positive financial outcome from their trading activities.

Traders can protect themselves from the full financial impact of a failed deal according to a novel technique devised by brokerage firm Pocket Option.com. It is possible to undo a bad Forex trade by purchasing cancellation crystals.

The broker and its affiliates have provided discount codes that can be used on the website. There are a number of low- or no-fee methods for adding and removing money from your Pocket Option account.

The company has a very detailed website that has been translated into 22 different languages. However, a new trader would have to look elsewhere for market analysis, expert publications, and educational resources.

What exactly is an Islamic Account?

An Islamic Account, for the greater part as offered by most brokers, is not a standalone account, although some brokers dedicate one account to being an Islamic or Swap Free account, in most cases, this is an option offered by especially Forex brokers.

Islamic Accounts are also provided by brokers who serve Middle Eastern clients along with clients from other jurisdictions and offers certain features that are in line with the Sharia law, which prohibits the accrual of interest on funds deposited into the account.

The other important feature on an Islamic Account is that transactions must be settled immediately, requiring that currencies be transferred from one account to the other right after the transaction has been completed and therefore paid for in full.

There are two key elements of the Islamic law that 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 interest, which is not allowed according to the 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, the following is 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 involves the accrual of interest on funds which are deposited into the trading account, 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.

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, and 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.

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 into such a contract.

What are the steps involved in opening a PocketOption Islamic Account?

PocketOption automatically creates Islamic Account options for all of its account types. This means that there is no separate sign-up process when opening an Islamic Account with PocketOption.

As such, traders of the Islamic faith need only select the swap-free option in any of their existing trading accounts in order to remain Sharia compliant while trading.

What is PocketOption’s spread costs on an Islamic Account?

The account conditions in the swap-free account versions will be the same as for all of the swap rated accounts.

As such, PocketOption does not charge spreads, but rather charges a commissions of $0.5 on average. This price structure is applied to the broker’s binary options trading accounts.

On the PocketOption MT5 Forex account, the broker charges an average spread of 1.1 pip.

What other features does PocketOption’s Islamic Account have?

When making use of the PocketOption Islamic account, traders can expect the following key features:

Interest is not charged on contracts which are held for more than 24-hours. There is a consistent zero rollover interest.

There are no additional rollover commissions where contracts are held for longer than 24-hours.

Traders have access to 5-digit spreads

Traders have access to Expert Advisors, which allow for automated trading.

Direct execution on trades, and

Accounts do not have a minimum deposit requirement

PocketOption Customer Reviews

PO is safe and secure…

PO has provided me a safe and secure platform to trade on. Allowing me to use 2FA and to have fast and easy deposits and withdrawals. They offer extra services such as bot trading and copy trading. There also are extra educational tools to help you better your skill. If you are trading binary options I highly recommend you put PO on your possibility list! Raising Geniuses 11264140

I have been able to withdraw about…

I have been able to withdraw about $2500 from this company, withdrawals are processed quickly as well. All these people complaining about the prices changing are likely mad about the OTC assets they offer on the weekend. From my understanding these are the interbank markets after hours, but it seems sketchy/ unreal and I wouldn’t recommend trading those. Trade only the real assets they show; they have some of the best rates and they have the pending trade option which is not common for binary options.

Happy with this Platform

I started with these guys 6 months ago. I haven’t had any issue withdrawing any funds, plus the customer service has always been spot on. I have to admit when I first started I was ignorant of how to trade and made many mistakes, and yes lost some money. I didn’t blame the platform, I just educated myself and used strategy to improve my trading game. What I also like about this platform is the community support you get from people within, who have more experience than myself that helped me when I wasn’t sure about something. Another option they have is a Copy Trading, if you want to learn and earn this is a good option too. Just a quick note, Trading isn’t a get-rich-quick scheme, you can’t blame a platform for your mistakes.

PocketOption Pros and Cons

Conclusion

Overall PocketOption automatically creates Islamic Account options for all of its account types. PocketOption does not charge spreads, but rather charges a commissions of $0.5 on average.

PocketOption is a popular binary options platform that also provides access to Forex trading and other popular asset classes. PocketOption provides a reliable proprietary trading platform as well as a competitive fee structure.

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Frequently Asked Questions

TRADING ENVIRONMENT

How many instruments can I trade with PocketOption?

PocketOption offers access to over 100 trading instruments in the following popular asset classes: Currency pairs, commodities, cryptocurrency, OTC (currency, commodities, stocks)

Which platforms are supported by PocketOption?

MetaTrader 5 and the PocketOption proprietary platform

Does PocketOption offer leverage?

Yes. Leverage of up to 1:100.

What spreads can I expect with PocketOption?

PocketOption does not charge spreads, but rather charges a commissions of $0.5 on average. This price structure is applied to the broker’s binary options trading accounts.

On the PocketOption MT5 Forex account, the broker charges an average spread of 1.1 pip.

Does PocketOption charge commission?

Yes. PocketOption charges commission on its binary trading which averages at $0.5, which is competitive by industry standards

It is unclear whether Islamic account holders are subjected to the same commission charges. Traders must verify this information with the broker as it is not stated on the website.

Are there additional charges on the Islamic account?

No, the Islamic Account version will have all the same conditions as those on the swap-rated accounts.

Is PocketOption regulated?

Yes. PocketOption is regulated in the Marshall Islands by the FMRRC. However, this is not considered to be a top-tier regulator.

Is PocketOption a recommended forex trading broker for experts and beginners?

Yes. PocketOption caters for both beginners and experts.

What is the overall rating out of 10 for PocketOption?

6/10.

ACCOUNTS

What is the difference between a demo and live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

Does PocketOption offer a demo account?

Yes.

For how long is the demo account valid?

30-days.

Does PocketOption offer the option of an Islamic Account?

Yes. PocketOption offers an Islamic Account.

Which live trading accounts does PocketOption offer?

• Demo account
• Novice trader
• Beginner
• Experienced
• Master
• Professional
• Expert

What are the available deposit currencies for a live trading account?

• EUR
• USD
• GBP

DEPOSITS AND WITHDRAWALS

What is the minimum deposit for PocketOption?

PocketOption has a low minimum deposit amount of just USD5 across all of its seven account types.

This constitutes a low minimum deposit when compared to many other brokers in the industry, making PocketOption a great option for beginner traders.

How do I make a deposit and withdrawal with PocketOption?

PocketOption offers more than 20 deposit methods, which include the following:

• Visa
• Airtel
• Bank transfers
• MTC
• MTN
• M-Pesa
• VodaFone
• ePayments
• Tigo
• MoMo Pay
• Qiwi Wallet
• Mastercard
• Loterias
• Link
• And many more…

Does PocketOption charge withdrawal fees?

No, PocketOption does not charge deposit or withdrawal fees

How long does it take to make a withdrawal?

Withdrawals are processed within 10 minutes, but international banking withdrawals may take longer