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CDO Markets Introduces Islamic Accounts with No Swap Fees for Hassle-Free Trading

Home » CDO Markets » CDO Markets Introduces Islamic Accounts with No Swap Fees for Hassle-Free Trading
Last Updated: Oct 30, 2024 @ 10:05 pm

CDO Markets is excited to announce the introduction of Islamic Accounts designed specifically for clients adhering to the Muslim faith. This innovative offering allows traders to engage in forex and CFD trading without the burden of swap fees.

With the new Islamic Accounts, clients can enjoy a seamless trading experience. CDO Markets provides immediate assistance with the account opening process, ensuring a smooth transition for those looking to trade in compliance with their beliefs.

More Rewards for Traders

Traders can now benefit from a unique reward system, where all swaps incurred throughout the month are credited back at month-end. This means that clients can trade as they normally would, with competitive conditions including EURUSD at 1 pip, gold at 30 cents, silver at 3 cents, and a +10 USD round turn commission for CFDs.

Islamic Account Trading Conditions

Every spot position held overnight will incur a swap charge; however, clients will receive a refund based on their trading activity. At the start of each month, CDO Markets will review the previous month’s swap charges and determine if clients meet the necessary trading volume to qualify for refunds.

Example of Refund Structure

For instance, if a client incurs $1,000 in swaps in January, they must complete a trading volume of 300 round turns (30% of the swap charge) to receive a full refund. If they complete 150 lots, they will receive 50% of the incurred swaps back.

This initiative reflects CDO Markets Limited’s commitment to providing inclusive and rewarding trading solutions for all clients.

For more information or to open an Islamic Account, visit CDO Markets Limited’s website.

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Feature XM
XM Since 2009
CDO Markets
CDO Markets Since 2017
Rating★★★★☆4.5/5★★☆☆☆2.6/5
RegulationCySEC (Cyprus), DFSA (United Arab Emirates), FSC (Belize), FSCA (South Africa)VFSC (Vanuatu)
Min Deposit$5$100
Typical Spread0.800.80
Leverage (Max)1:301:500
PlatformsMT4, MT5, Mobile, Proprietary, WebMT4, Mobile, Proprietary
InstrumentsAlgriculture, Commodities, Cryptos, Energies, Indices, Forex, Metals, Real Stocks, Stock CFDsAlgriculture, Commodities, Cryptos, Energies, Indices, Forex, Options, Metals, Stock CFDs
BonusYesNo
Robo Trading AllowedYesYes
Hedging AllowedYesYes
Scalping AllowedYesYes
Swap‑Free / IslamicYesYes
ActionVisit BrokerRead Review
XM

XM

Since 2009
Rating
★★★★☆4.5/5
Regulation
CySEC (Cyprus), DFSA (United Arab Emirates), FSC (Belize), FSCA (South Africa)
Min Deposit
$5
Typical Spread
0.80
Leverage (Max)
1:30
Platforms
MT4, MT5, Mobile, Proprietary, Web
Instruments
Algriculture, Commodities, Cryptos, Energies, Indices, Forex, Metals, Real Stocks, Stock CFDs
Bonus
Yes
Robo Trading Allowed
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Swap‑Free / Islamic
Yes
CDO Markets

CDO Markets

Since 2017
Rating
★★☆☆☆2.6/5
Regulation
VFSC (Vanuatu)
Min Deposit
$100
Typical Spread
0.80
Leverage (Max)
1:500
Platforms
MT4, Mobile, Proprietary
Instruments
Algriculture, Commodities, Cryptos, Energies, Indices, Forex, Options, Metals, Stock CFDs
Bonus
No
Robo Trading Allowed
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Swap‑Free / Islamic
Yes
XM

XM

Since 2009
Rating
★★★★☆4.5/5
Regulation
CySEC (Cyprus), DFSA (United Arab Emirates), FSC (Belize), FSCA (South Africa)
Min Deposit
$5
Typical Spread
0.80
Leverage (Max)
1:30
Platforms
MT4, MT5, Mobile, Proprietary, Web
Instruments
Algriculture, Commodities, Cryptos, Energies, Indices, Forex, Metals, Real Stocks, Stock CFDs
Bonus
Yes
Robo Trading Allowed
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Swap‑Free / Islamic
Yes
CDO Markets

CDO Markets

Since 2017
Rating
★★☆☆☆2.6/5
Regulation
VFSC (Vanuatu)
Min Deposit
$100
Typical Spread
0.80
Leverage (Max)
1:500
Platforms
MT4, Mobile, Proprietary
Instruments
Algriculture, Commodities, Cryptos, Energies, Indices, Forex, Options, Metals, Stock CFDs
Bonus
No
Robo Trading Allowed
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Swap‑Free / Islamic
Yes

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