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## Islamic Trading Account Features at a Glance
No interest/swap adjustments on overnight positions
No spread widening or specific up-front commissions
Option to open an Trade.MT5 account as an Islamic Account
## Administration Fees
Islamic Forex Accounts do not pay or earn swaps or interest on any CFDs on digital currencies pairs, indices, commodities, shares and ETFs, excluding CFDs on exotic currency pairs and digital currencies, where a small financing charge is applicable overnight.
Any trades open with a holding period of more than **3 days** (1 day for digital currencies, exotic currency pairs and Metals & Energies CFDs) are charged a flat administration fee. Administration fees for all instruments can be viewed [here](https://admiralfiles.s3.amazonaws.com/docs/swapfree/Islamic%20Account%20Administration%20Fees.pdf).
Click [here](https://admiralmarkets.com/cadmin/documents/en/amcy/terms_and_conditions_of_islamic_swap_free_account_cy_en) to access the terms and conditions governing the use of the Islamic Account at Admirals.
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## FIND OUT MORE ABOUT OUR ISLAMIC ACCOUNT
If you have questions about our Islamic Account, we have the answers! Check out our Frequently Asked Questions. If you don\`t find the answer you\`re looking for, contact our customer support team.
Who can use an Admirals Islamic Account?
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The Admirals Islamic Account has been designed only for Forex and CFD traders who are unable to receive or pay swaps due to their religious beliefs.
Please note that Admirals is not a religious institution; therefore do not take our Islamic Account definition as permission to trade.
Please independently verify that all your trading is in accordance with your beliefs.
How can I open a Islamic Forex Account?
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In order to open a live Islamic Account, client should sign up for a Dashboard account through this page, apply for a Trade.MT5 account and provide the requested documents.
Please note that this option is not available if you already have a non-Islamic account with us.
How can I deposit funds into my Admirals Islamic Account?
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As soon as you receive confirmation that your live account is open, you can initiate your first deposit via Dashboard using your preferred deposit method.
How can I withdraw funds from my Islamic trading account?
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You can request a withdrawal of your funds any time via Dashboard. Our team will promptly address your request.
What fees and charges apply to Admirals Islamic traders and accounts?
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All Muslim clients who use an Islamic Account will be charged standard spreads and commissions and the administration charge.
Als
This brief was generated from the original reporting. Read the full article at the source:
Read at admiralmarkets.com
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