IC Markets Islamic Account Eligibility
Eligibility for an IC Markets swap-free account is based on how the account is used, not on residency or nationality — here is how the request and review process works.
Open IC Markets Account →Traders asking whether they qualify for an IC Markets swap-free account generally go through the same eligibility step: the account is opened first as a standard Raw Spread or Standard account, and swap-free status is then requested separately through the Secure Client Portal or client support. IC Markets typically reviews the request to confirm the account will be used for Shariah-compliant trading rather than as a way to avoid swap costs on longer-term positions. Once approved, swap-free status applies across the instruments offered on that account, though an administration fee can still apply to positions left open past a set number of days on select symbols. Eligibility does not depend on residency or nationality, and the same USD 200 minimum deposit, leverage and platform access (MetaTrader 4, MetaTrader 5, cTrader) apply as on a standard account. Traders who no longer need swap-free conditions can ask for the setting to be reverted through the same support channel.
Qualifying for an IC Markets swap-free account
- A standard Raw Spread or Standard account is opened first; swap-free status is requested afterward.
- Requests are reviewed to confirm the account will be used for Shariah-compliant trading.
- There is no nationality or residency restriction on eligibility.
- The same USD 200 minimum deposit, leverage and platform access apply as on a standard account.
- Swap-free status can be reverted later on request through client support.