Islamic
Trade with razor-sharp spreads from 0.0 without Swap Fees or Carryover Fees.
Spreads from
Minimum deposit
Deposit fees
What is an Islamic account?
An Islamic account is designed for our Islamic traders who must follow Sharia Law. This account allows our Islamic traders to enjoy our Raw Spread Account without paying any Swap-Fees or Carryover Fees. This account is specifically tailored to meet the needs for traders in our Islamic community, allowing you to take advantage of institutional-grade spreads and high-speed execution. EPFX gives you access to unaltered prices on all pairs without any markups, offering the lowest spreads and the ability to follow Sharia Law.
*You must submit a Swap-Free application from your trader dashboard and accept the terms and conditions. The application will be reviewed by our compliance department and then approved.
Advantages of an Islamic account
Lowest ECN-based account spreads
We source the highest grade, prime FX liquidity in our Islamic Account. This allows our traders to enjoy the lowest spreads and not pay Swap or Carryover Fees abiding Sharia Law. All traders with an Islamic account take advantage of raw spreads, with no Swap-Fees or Carryover Fees in accordance with "interest" specifications of Sharia Law.
Follow Sharia Law with Flexible leverage options
With a low minimum deposit of USD$25, flexible leverage options from 1:25 to 1:500, and spreads as low as 0.0 pips on all pairs, our Islamic account empowers you to trade with the same precision and efficiency from our Raw Spread Account while following Sharia Law.
*You must submit a Swap-Free application from your trader dashboard and accept the terms and conditions. The application will be reviewed by our compliance department and then approved.
Experience Our ECN based Tight Spreads
A trading account is an account opened with a broker that allows traders to engage with a wide range of offered assets. Utilizing the trading account, traders can buy or sell securities such as stocks, commodities, or foreign exchange. It serves as your personal account for day-to-day trading.
The best trading account varies from one individual to another, as it depends on your personal needs and goals as a trader. Fee structures play a role in differentiating accounts; for instance, some accounts may offer low spreads coupled with commissions, while others might provide commission-free trading but with wider spreads. Sometimes, a trader’s preferred trading account would also be dependent on the platform interface and overall user experience. It is crucial for traders to identify the factors that suit their unique trading style before selecting and opening an account.
At EPFX, we are pleased to inform you that there are no charges for opening any of the trading accounts offered by our platform. However, it is important to note that we do have minimum deposit requirements in place. Furthermore, it is essential to note that commissions or other fees may be applicable to each trading transaction, depending on the specific trading account selected.
Opening an EPFX account is a quick and straightforward process that takes just 5 minutes of your time. To begin, visit the EPFX registration page or click here to start the process. There, you will be guided through a registration form that needs to be completed. During the registration, you will have the opportunity to select the specific trading account you wish to open.
Carefully consider your options and choose the account that aligns with your trading style. Once you have made your selection and provided the required information, your account will be promptly set up.
The initial amount that you deposit would depend on your financial circumstances and also goals in trading. You can start with as little as $25 with EPFX. If you plan on making larger trades, a bigger initial deposit could reduce the need for multiple deposits.
For beginners, you can also consider trying out a demo account. A demo account is designed to allow traders to explore trading different products and familiarize themselves with the functionalities of the trading platform. At EPFX, we offer a demo account with virtual funds of up to $100,000 for beginners to practice trading before making the decision to switch to a live account. If your virtual funds are depleted, you can simply reset the account to start practicing again.
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