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.
