Trade global markets.
Aligned with your principles.
The Today Markets Islamic Trading Account is designed for clients who wish to trade global financial markets while taking account of the principles that guide their faith and financial practices.
A trading account designed around your requirements.
Online trading provides access to global markets and a wide range of financial instruments. While some traders open and close positions within the same day, others may hold positions for longer periods.
When a position is held overnight, a conventional trading account may apply a swap or overnight financing charge. Because interest is prohibited under Islamic principles, Today Markets offers an Islamic account option for eligible clients.
What is a swap?
A swap, sometimes referred to as an overnight financing charge, may apply when certain positions are held open beyond the relevant trading day. The charge is generally associated with the cost of maintaining a leveraged position overnight.
How does an Islamic account work?
Islamic accounts are designed to avoid conventional daily swap charges on applicable products for the permitted period. At Today Markets, eligible Islamic accounts may keep positions open for a maximum of five days without incurring the applicable overnight swap charge. Positions held beyond this period may incur applicable fees.
How to open an Islamic Account.
Opening an Islamic Account is simple. First, complete the standard account verification process, then request the Islamic account option once your account has been funded.
Verify your account
Submit the relevant documentation required to complete the account verification process.
Fund your trading account
Add funds to your verified trading account using an available funding method.
Request an Islamic Account
Submit your request for an Islamic Account. Your request will be forwarded to the relevant department for review and approval. Requests are usually processed within 1–2 business days.
Explore global markets.
Depending on your account and the applicable trading conditions, an Islamic Account may provide access to a range of global markets without the accumulation of conventional daily swap charges on applicable products.
Gold & Silver
Access gold and silver markets through the Today Markets trading environment. Clients should independently assess whether the trading structure meets their own requirements under Sharia principles.
Oil
Access oil markets with applicable financing and account conditions designed for Islamic Account clients.
Indices
Access selected global stock indices while avoiding conventional daily swap accumulation on applicable products, subject to the relevant account terms.
Forex
Trade selected currency pairs through an Islamic Account designed to avoid conventional daily swap charges on applicable products.
Islamic Forex Trading.
Today Markets offers an Islamic Trading Account option for clients who wish to trade Forex and other available financial markets without conventional daily swap charges on applicable products.
The account is available across supported trading platforms, including cTrader and MetaTrader 5, subject to the applicable product and account conditions.
Important account conditions.
Islamic Account conditions may differ from standard trading accounts. Please review the applicable terms before trading.
Five-day holding period
Eligible positions may be held for up to five days without the applicable overnight swap charge. Positions held for longer than five days may incur applicable fees.
Administration fees
Certain products may be subject to daily administration fees or other applicable charges. These charges may differ from conventional swap charges.
Restricted instruments
Certain currency pairs, including selected ZAR, TRY, RUB and MXN pairs, may not be available on Islamic Accounts. Clients wishing to trade restricted instruments may need to trade under standard account conditions.
Spread conditions
Islamic Accounts may be subject to different spread conditions on certain Forex instruments.
Platform conditions
Applicable Islamic Account conditions may be reflected across supported trading platforms, including cTrader and MetaTrader 5.
Review and approval
Islamic Account requests are subject to review and approval by the relevant Today Markets department.
Trade global markets on your terms.
Explore the Today Markets Islamic Trading Account and access a global trading environment designed to support clients who follow Islamic financial principles.
Open an Account →