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

In order to open a live Islamic account, Muslim clients must complete a simple online application form and provide the requested ID documents.

As soon as our accounts team opens your live Vantage FX Islamic trading account, clients can initiate their first deposit by simply going to our secure Client Portal. The Client Portal allows the client to choose their preferred deposit method.

We have separate accounts which never mingle with conventional funds.  All clients funds are held in a segregated account with Australia’s AA rated National Australian Bank (NAB).

Vantage FX clients can request withdrawal of their funds anytime by accessing their Client Portal and lodging a withdrawal request. All withdrawal requests are processed once a day around 1pm AEST. Any withdrawal request received after 1pm Sydney time is automatically processed the following business day around 1pm AEST.

All Muslim clients who use a Vantage FX Islamic account will be charged Standard STP spreads and the daily administration fee.

Vantage FX charges Standard STP spread on all Islamic accounts.

There are no swap or interest charges. We charge an administration fee justifiable for administration related expenses to manage your account. We provide a service for which we charge a fixed admin/agency (Wakeel) fee.

The client places the trade and Vantage FX transfer the trade to a liquidity provider where the trade takes place in the underlying interbank market.  This means that the client’s trade always has an effect on supply/demand as it is a position in the real market. We can prove the actual currency trading through our liquidity providers. Clients can be assured that they are trading real prices and affecting prices via supply demand with their own positions.  The client is always responsible for the effect that his order has on the underlying market.  Positions, even small during times of low liquidity, can move the market.  The client has full ownership of his trade and its effect.

In order to provide fair and transparent access to global markets, Vantage FX 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.

Vantage FX calculates all administration fees exactly at 0:00 platform time on all open positions on all Islamic accounts. The administration fee itself is then applied at 1:00am platform time.

Vantage FX guarantees absolute transparency in trading. When a client opens a trade on an Islamic account, Vantage FX passes the trade to our liquidity providers (banks). Following this, Vantage FX opens a trade at the best available price, in the market. Whether you trade Forex, Commodities or Indices on our Islamic account, you can be assured that trades are passed to the underlying market and your trading exposure is real. This is a basic requirement that makes our Islamic account Sharia compliant.

All clients’ funds are held in a segregated account with National Australia Bank (NAB). There is possession of physical currency when trades are passed to LPs. In an Islamic trading sense, this means Vantage FX serve on the trader’s behalf as an agent (Wakeel).

The premise of our business model at Vantage FX is primarily based on Straight Through Processing (STP). This is where trades are passed to our liquidity providers. Please refer to the diagram below:

Vantage FX doesn’t provide any loan to clients. Vantage FX provides margin trading where all trade financing is provided by Liquidity Providers who then charge Vantage FX Administration Fee.

The Administration fee is then passed onto clients via MT4 platform.

Vantage FX offers a legitimate service for which they can charge fees. There is no substitute for interest or swap charges as in conventional accounts.

The relationship between Vantage FX and the client is that of Wakalah/agency. Vantage FX being the agent that manages the accounts and charges an Administration fee based on a signed mandate. The relationship between the liquidity providers and Vantage FX is that of Qardh (Loan) which is managed under a signed mandate by Vantage FX. The account holders do not sign a mandate with the liquidity provider and have an agreement only with Vantage FX. The actual trading is referred to as Bay al-Sarf (currency trading).

At Vantage FX we are fully committed to delivering the first officially certified Islamic account. We have worked alongside well known shariah scholars including Sheikh Hasan Qamra, Chairman of the Shariah Board and follow his strict requirements in order to receive official certification which proves that Vantage FX account is fully Shariah compliant.

We have a competent Shariah board who will answer your queries. You can contact: [email protected] Only email queries pertaining to Shariah matters will be attended to.

All Forex Currency Pairs – Clients charged/credited a daily administration fee for forex positions held overnight.*

All Indices – Clients charged/credited a daily administration fee for Indices positions held overnight.*

CHINA50 – Clients charged/credited a monthly cash adjustment for positions held over the change of contract.

All Futures Based Products-Clients charged/credited a monthly cash adjustment for positions held over the change of contract.
o  OIL
o  HO
o  GAS
o  COPPER
o  NG

Gold and Silver – Clients charged/credited a daily administration fee for forex positions held overnight.*

* Daily Fee Calculation:
– Calculated at 0:00 server time.
– Applied at 1:00 server time.