FAQs related to Swap-Free Accounts / Shariah Law / Islamic Accounts

Is Vantage Shariah-Compliant?

Vantage does not warrant that its products or services are Shariah Compliant. Vantage offers Swap-Free accounts for clients who cannot engage in rollover interest associated with overnight open positions due to personal reasons, including religious obligations.

Swap-Free accounts do not incur any swaps or interest charges on overnight positions. Instead, an administration fee is deducted from the account balance in accordance with the applicable terms.

Clients seeking to ensure their financial activities align strictly with Islamic values are encouraged to seek guidance from qualified Islamic scholars or authorities with expertise in Islamic finance.

Does Vantage offer Islamic accounts?

Vantage does not offer a formal “Islamic account”. We offer specialized accounts specifically referred to as "Swap-Free accounts." These accounts are exclusively tailored for clients who, in adherence to their religious beliefs, refrain from participating in rollover interest associated with overnight open positions.

In these accounts, there are no swaps or interest charges associated with overnight positions. These offerings underscore Vantage's commitment to providing options that cater to the diverse needs and beliefs of its clients.

Therefore, it is advisable to seek guidance from qualified Islamic scholars or authorities with expertise in Islamic finance to determine whether this account type would qualify as an "Islamic account". Such guidance is essential for clients looking to ensure their financial activities align with Islamic values and compliance.

What is a Swap-Free account?

Vantage's Swap-Free accounts are accounts offered by Vantage, at its sole discretion, that do not involve any swaps or interest charges on overnight positions.

Instead, an administration fee is applied to positions, which is deducted from the account balance. This account type is designed to cater to traders who, due to their religious beliefs, are unable to engage in swaps or interest-related transactions.

Vantage Swap-Free accounts include: Swap-Free Standard STP and Swap-Free RAW ECN.

Is trading with Vantage halal?

We do not warrant Shariah-compliant status and are not in a position to advise on whether trading activities on our platform are permissible under Islamic principles.

The permissibility of trading with Vantage in accordance with Islamic principles is a matter for our client’s decision, which should be made in consultation with qualified Islamic scholars or authorities with expertise in Islamic finance. We encourage our clients to consult with qualified Islamic scholars or authorities to ensure their trading endeavors align with their values.

By seeking guidance from qualified Islamic scholars or authorities, Muslim traders can make informed decisions that reflect their commitment to upholding Islamic values within their financial endeavors.

Do you trade CFDs on Swap-Free accounts?

Yes. All account types offered by Vantage, including Swap-Free accounts enable you to trade CFDs across all available markets, including forex, shares, commodities, indices, and more.