Islamic Account

Pacific Union is committed to providing our clients with the best trading conditions. Our Islamic Account offers state-of-the-art trading infrastructure and execution speeds, enabling our traders to gain a competitive edge.

Why Choose Islamic Account

Pacific Union offers Muslim clients an Islamic Account, also known as a Swap-Free Account. Instead of the swap, the owners of Swap-Free accounts are charged an administration fee. This account type was created especially for Muslim belief clients, who are not allowed to trade with swaps because of Shariah laws.

  • Access to incomparable liquidities

  • Trade over 200+products

  • No swap fee on overnight positions

  • For Standard or Prime Accounts

  • Fast deposit and withdrawal

  • No restrictions on EA

  • Up to 1:500 leverage

  • Low spreads from 0.0 pips

Base Currencies Available

United States Dollar
USD

European Dollar
EUR

Great British Pound
GBP

Australian Dollar
AUD

Canadian Dollar
CAD

Singapore Dollar
SGD

New Zealand Dollar
NZD

Hong Kong Dollar
HKD

Japanese Yen
JPY

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Free Access to Advanced Trading Tools

Pacific Union's MetaTrader advanced trading tools help provide you with real-time trading alerts, all packaged with a suite of MT4 & MT5 add-ons to improve your trading experience when trading the global markets. Additionally, Autochartist can save you hours of work analysing the markets by scanning all your favourite forex and CFDs.

Find Out More about Pacific Union Islamic Account

  • Who can use a Pacific Union Islamic Account?

    The Pacific Union Islamic Account has been designed only for forex traders who are unable to receive or pay swaps due to their religious beliefs. Pacific Union offers fully Shariah compliant Islamic accounts, giving traders of the Muslim faith fair and transparent access to global markets.

  • How can I open a Islamic Account?

    Muslim clients must register a live account on our website and provide the required identification documents first. The accounts can be later upgraded to Islamic Accounts via the approval of the backoffice team.

  • How can I deposit funds into my Islamic Account?

    As soon as our backoffice team opens your Islamic Account, clients can initiate their first deposit by simply going to our Client Portal.

  • How are the funds segregated and ring fenced in Pacific Union for Shariah compliance?

    We have separate accounts which never mingle with conventional funds. The funds of your trading account are held in the segregated account at an AA level bank-Commonwealth Bank of Australia (CBA).

  • How can I withdraw my funds from Islamic Account?

    You can request a withdrawal of your funds any time via Client Portal. We normally process withdrawal requests within 24 hours on business days.

  • What fees and charges apply to Islamic traders and accounts?

    All Muslim clients who use an Islamic Account will be charged standard spreads, commissions and administration charge.

  • Are there swap or interest charges?

    There are no swap or interest charges. We charge an admin/agency fee justifiable for administration related expenses to manage your account.

  • Why do I get charged an administration fee on Islamic Account?

    To provide fair and transparent access to global markets, Pacific Union has to pass on the costs associated with maintaining their open positions. All our liquidity providers charge certain fees to keep positions open, and this cost is passed onto clients via the daily administration fee.

  • What time is the administration fee applied to Islamic Account?

    Pacific Union calculates all administration fees at 00:00 (MT4 time) on open positions of Islamic Accounts. The administration fee is then collected at 03:00 (MT4 time).

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