Trading on Vantage Islamic Account: Principles and Opportunities
Award-Winning CFD Broker
At Vantage, we strive to provide financial services that align with the cultural and religious beliefs of our clients worldwide. The Islamic trading account is one of our specialized offerings designed for traders who follow Islam.
Features of the Islamic Account
The Islamic account at Vantage is opened in full compliance with Sharia principles and the religious beliefs of Muslims. The main differences from a standard account include:
- No swaps or overnight fees
- Prohibition on trading financial instruments related to activities that contradict Sharia
- Adherence to risk-sharing principles and prohibition of speculative operations
- Transparent trading conditions without hidden charges or fees
- Dedicated consultants for Islamic financial matters
Vantage Islamic accounts undergo regular external Sharia audits to ensure full compliance with Islamic banking standards, providing additional peace of mind to clients.
Opening and Funding an Account
| Payment Method | Fee | Deposit Time |
| Credit/Debit Card | Free | Instant |
| Bank Transfer | Depends on bank | 1-3 business days |
| Skrill | Free | Instant |
| Neteller | Free | Instant |
| Fasapay | Depends on region | Instant |
Islamic Financial Instruments
Only certain financial instruments that comply with Sharia requirements are allowed for trading on an Islamic account:
- Most Forex currency pairs, except those involving the Israeli shekel
- Commodities such as gold, oil, gas, cotton, wheat, etc.
- Stocks and indices of companies whose activities do not contradict Islamic principles
- Digital currencies like Ethereum based on blockchain technology
Instruments related to activities such as banking, alcohol, tobacco, gambling, weapons, and other categories prohibited by Sharia are not allowed.
The full list of available trading instruments, as well as prohibited ones, is specified in the Islamic account specifications.
Trading Conditions
The following competitive trading conditions apply to Islamic accounts at Vantage:
- Leverage up to 1:500
- Minimum spreads starting from 0 pips on major currency pairs
- Free Islamic demo accounts with no time limits
- A wide range of Islamic analytical tools and educational materials
- The ability to connect copy trading and trading signals without commissions
- Best price execution through liquidity aggregation
- Unified clear rules for opening and closing positions without additional fees
Vantage charges a fixed one-time service fee at the beginning of each month, according to Sharia norms.
Account Financing
To open positions on an Islamic account, the following financing options are available:
- Forex credit with minimal or zero interest rates
- Mudaraba – contract-based financing with profit-sharing
Both options comply with Sharia principles, unlike traditional leverage with interest.
With Mudaraba, the profit distribution share between the investor and manager is agreed upon in advance, taking into account the level of risk and other factors.
Common Issues
Based on client feedback, we use this section to clarify the most common questions and issues.
- Issue: Lack of understanding of how the Islamic account works.
Solution: Before opening an account, we recommend familiarizing yourself with the specifications and standard conditions for Islamic accounts at Vantage. If you have any questions, contact our support team. You can also consult with Islamic finance specialists at a professional level.
- Issue: Difficulty with fund transfers according to Sharia requirements.
Solution: To deposit and withdraw funds on an Islamic account, use only Sharia-compliant payment methods, not associated with interest-charging banks. These include e-wallets, online transfer systems without bank involvement, and some other methods. Check the details with our support team.
- Issue: Delays in trade execution and position opening.
Solution: Due to liquidity aggregation from multiple sources, trade execution may experience slight delays. However, this is compensated by better execution prices. In critical situations, use the forced position closure function.
Trader Reviews from India
| Reviewer | Country | Rating | Date | Key Points |
| Lukas Koller | CH | 5/5 | Jul 15, 2024 | Fast and uncomplicated solutions from support |
| Saim ch | PK | 5/5 | May 21, 2024 | Good broker, low spreads, easy deposits/withdrawals, quick support |
| shariffmx | MY | 5/5 | Apr 10, 2024 | Successful support team, efficient and effective platform |
| jason kimpton | GB | 5/5 | Jul 16, 2024 | Helpful online support team |
FAQ
No, only Ethereum and other digital currencies based on blockchain technology are allowed. Most other cryptocurrencies are prohibited as regulators have not approved their use due to high volatility and speculative nature.
No, when using the copy trading signal service on an Islamic account, you receive 100% of the signal profits. All service costs are pre-paid through a monthly fixed subscription fee according to Sharia.
Yes, clients are allowed to open multiple trading accounts of different types. However, it is important to ensure separate fund transfers and profits according to Sharia principles. Check with company managers for details.
