
Islamic Account Features
ETFinance offers a Raw Pricing trading account for traders of Islamic faith. No interest fees will be credited or debited to this type of client accounts!
Open AccountUnique way to trade
No interest/swap charges on overnight positions
Instant free access to our trading platforms
No spread widening
Leverage up to 1:400*
(Only for professional clients)
No hidden costs or re-quotes
Same trading environment, unique trading conditions
No upfront commissions
24/5 support from a dedicated account manager
No time limit for holding positions
The best conditions to realize your financial potential
There is a big difference between silver, gold, and platinum accounts and an Islamic Trading Account.
As traders of Islamic faith are forbidden to pay interest in order to abide by the law of Islam, some Forex brokers use swap charges to cover the interest. However, although the charge is transferred to a different type of fee, the meaning is still the same. ETFinance, on the other hand, imposes no additional charges.
This is why thousands choose us as one of the best Islamic Account Forex Broker

FAQ
To create a trading account, click on the ‘Open account’ button on the ETFinance homepage and complete the following steps:
Step 1 – Open account
Fill in the following fields:
- First Name
- Last Name
- Mobile Phone
- E-mail Address
- Password
Also, you need to accept our Terms and Conditions, Privacy Policy, and Risk Disclosure.
Step 2 – Personal information & Questionnaire
- Home Address
- City
- Zip or Postal Code
- Date of birth
After filling your personal information, we will ask you to fill in the questionnaire in order to assess whether our products and services are appropriate with your background and experience. Please note that your information will be kept secure and will not be shared with anyone.
Step 3 – Documents & Deposit
In order to verify your account, you will need to submit the following documents:
- Proof of identity
- Proof of residence
Once your account is approved, you can make your first deposit via one of the secured payment methods: a credit card, a bank transfer or an e-wallet.
You can register as Silver, Gold, or Platinum member. Find out more at Account Tiers page.
The registration process takes no more than several minutes. After you have provided all the required information and documents, it will take up to 2 business days to verify your account.
Trading experience is not required, although it is better to have some prior experience. Trading CFDs involves significant risks. These are complex financial instruments that may not be suitable for all traders and can result in loss of the invested capital. Be sure to not invest more than you can afford to lose. Before trading, please consider your financial background and experience, or seek financial advice, if necessary. For further information please read our Risk Disclosure statement













Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84,99% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read full Risk Disclosure Statement.
ETFinance is a trading name of MAGNUM FX (CYPRUS) LTD registration number HE 360548 authorized and regulated by the Cyprus Securities and Exchange Commission (the "CySEC") under license number 359/18.
Regional Restrictions: MagnumFx (Cyprus) Limited does not offer services to residents of Belgium, United Kingdom, Germany, and Italy.
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