Trade Ethically with
Interest-Free Accounts
Experience global financial markets without compromising your values. Fiomarkets offers swap-free accounts designed to comply with Islamic financial principles.
Open Islamic AccountDefining the Islamic Account
In the realm of online financial trading, Fiomarkets extends its commitment to cater to the needs of its clientele with the provision of Islamic accounts. These specialized accounts ensure compliance with Islamic financial ethics throughout the trading process.
An Islamic account at Fiomarkets is meticulously designed to eliminate any form of Riba during the tenure of the trading contract. In the dynamic world of currency and commodity trading, where markets operate around the clock, the daily interest accrual at 5:00 pm New York time presents a unique challenge.
Navigating Jurisprudence
Currency trading poses significant challenges in Islamic jurisprudence due to the nature of banking interest and currency exchange.
No Delay
Immediate buying and selling without delay (Sunnah).
Prompt Transfer
Prompt transfer of currencies between seller and buyer accounts.
Real Costs
Timely payment of trade costs without hidden fees.
Void Riba
Stricture against any form of usurious interest.
The Viable Solution
Traders can operate within the bounds of their available capital or opt for a loan from the broker, with the critical stipulation that the broker refrains from levying any usurious interest on the loan. This structure allows for flexibility while maintaining strict adherence to Islamic finance laws, ensuring an ethical trading environment.
Advantages for Traders
Fiomarkets Islamic account offers several key advantages to traders adhering to Islamic principles.
No Rollover Charges
No additional rollover commissions for contracts lasting longer than 24 hours, making holding positions more cost-effective.
Spread Only Revenue
Absence of commissions or fees for account management; revenue generated exclusively from the spread.
Interest-Free Leverage
Provision of interest-free leverage for Fiomarkets Islamic account holders, aligned with ethical borrowing practices.
Opening an Islamic Account
Starting your ethical trading journey is simple.
Open a Real Account
Create your standard trading account through our secure registration process.
Fund Your Account
Make a deposit with a minimum of $1,000.
Contact Support
Reach out to our dedicated Customer Service team to request the Islamic account conversion.
Ready to Trade Ethically?
Embracing financial inclusivity, Fiomarkets remains steadfast in its commitment to providing Islamic accounts that align with the values and beliefs of our Muslim traders.