To create an Islamic account with Tickmill, first you need to open an account here and that account must be verified. So how to open an account and how to verify it. If you watch our video, you will easily understand how to verify without any hassle. NID card, passport or driving license has to be uploaded for ID verification and copy of utility bill or bank statement has to be uploaded for verification of address. Maybe everyone knows this. And many times when we take a picture of our document, it becomes blurry, that’s why they reject it. So you must capture the picture of the documents clearly. After verification, you need to send an email to them, that is, in that email you have to make a request for Islamic account. That email is support@tickmill.com Here you just send a request that you want to convert your account to a swap free or islamic account. And be sure to send a request from the email that you used to set up an account in this broker and within 24 hours of sending the request, your account will go under Islamic account. That means your account will be a swap free account. To see this in live you can watch our video that we have submitted below.
Note that Tickmill reserves the right to close any Islamic account that has been inactive for a period of 12 months, as per their terms and conditions.
Year Founded : 2010
Cryptocurrencies:
YesDeposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Top 10 Points about Forex Broker Tickmill Islamic/Swap-Free Account
Forex trading has been a popular investment option for a long time. However, not all traders are comfortable with paying or receiving interest, which is why they opt for an Islamic/Swap-Free account. Tickmill is one such broker that offers this type of account. In this article, we’ll explore the top 10 points about Tickmill’s Islamic/Swap-Free account and why it may be the right choice for you.
Table of Contents
- What is a Swap-Free account?
- How does a Swap-Free account work?
- Who is the Tickmill Islamic/Swap-Free account for?
- What are the benefits of using Tickmill’s Islamic/Swap-Free account?
- What are the requirements for opening a Tickmill Islamic/Swap-Free account?
- What trading instruments are available for Islamic/Swap-Free account holders?
- What are the fees for Tickmill’s Islamic/Swap-Free account?
- How does Tickmill ensure that the Islamic/Swap-Free account is Sharia-compliant?
- How does Tickmill compare to other brokers offering Islamic/Swap-Free accounts?
- Conclusion: Is Tickmill’s Islamic/Swap-Free account right for you?
1. What is a Swap-Free account?
A Swap-Free account is an account type that allows traders to avoid paying or receiving interest on overnight positions. This type of account is also known as an Islamic account, as it follows Islamic finance principles, which prohibit the payment or receipt of interest (riba).
2. How does a Swap-Free account work?
In a Swap-Free account, the broker may either charge a flat fee or adjust the spread to compensate for the lack of interest charges. For example, if a trader holds a long position overnight, they would normally pay interest on the borrowed funds. In a Swap-Free account, the trader would not pay this interest but may instead pay a slightly wider spread.
3. Who is the Tickmill Islamic/Swap-Free account for?
The Tickmill Islamic/Swap-Free account is designed for traders who follow Islamic finance principles and wish to avoid paying or receiving interest on their overnight positions. This account type may also be suitable for traders who prefer to trade without the added complexity of interest charges.
4. What are the benefits of using Tickmill’s Islamic/Swap-Free account?
The benefits of using Tickmill’s Islamic/Swap-Free account include:
- No interest charges on overnight positions
- Access to a wide range of trading instruments
- A transparent fee structure
- Sharia-compliant trading conditions
- Negative balance protection
5. What are the requirements for opening a Tickmill Islamic/Swap-Free account?
To open a Tickmill Islamic/Swap-Free account, traders must provide proof of their religious beliefs and confirm that they are eligible for this type of account. Traders must also meet Tickmill’s standard account opening requirements and provide identification documents.
6. What trading instruments are available for Islamic/Swap-Free account holders?
Tickmill’s Islamic/Swap-Free account holders have access to a wide range of trading instruments, including forex, CFDs, metals, and commodities. Traders can also use a variety of trading platforms, including MetaTrader 4 and WebTrader.
7. What are the fees for Tickmill’s Islamic/Swap-Free account?
Tickmill’s Islamic/Swap-Free account has a transparent fee structure, with no hidden charges. Traders may pay slightly wider spreads in place of interest charges, but these spreads are still competitive with other brokers.
8. How does Tickmill ensure that the Islamic/Swap-Free account is Sharia-compliant?
Tickmill has a dedicated Sharia Supervisory Board that ensures all Islamic/Swap-Free accounts are compliant with Islamic finance principles. The board oversees the development and implementation of Sharia-compliant products and services, ensuring that they adhere to the highest standards of ethical and moral conduct.
9. How does Tickmill compare to other brokers offering Islamic/Swap-Free accounts?
Tickmill stands out from other brokers offering Islamic/Swap-Free accounts in several ways. For one, Tickmill has a reputation for offering competitive spreads, making it a popular choice among traders. Additionally, Tickmill has a transparent fee structure and is committed to ensuring that all Islamic/Swap-Free accounts are Sharia-compliant.
10. Conclusion: Is Tickmill’s Islamic/Swap-Free account right for you?
If you are a trader who follows Islamic finance principles or simply prefers to avoid paying or receiving interest on overnight positions, then Tickmill’s Islamic/Swap-Free account may be the right choice for you. With a wide range of trading instruments, a transparent fee structure, and a commitment to Sharia-compliance, Tickmill offers a compelling option for traders looking for a Swap-Free account.
Year Founded : 2010
Cryptocurrencies:
YesDeposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Name
Details
Rating
Year Founded : 2010
Cryptocurrencies:
YesDeposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
Founded: 2008
Founders: Petr Valov, Igor Lychagov
Year Founded : 2008
Deposit Methods: VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto (MORE)
Leverage: 1:30 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 5 US$
Min. Withdraw : 5 US$
HQ: Sydney, Australia
Platforms: MT4, MT5, ctrader, web trading
Found in: January 30, 2007
Deposit Methods: Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto
Year Founded : 2010
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT (MORE)
Year Founded : 2009
Cryptocurrencies:
Yes (30+)Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, M-Pesa, Mobile Money, Monero, PerfectMoney, Ripple, WebMoney
Year Founded : 2009
Cryptocurrencies:
Yes (50+)Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Year Founded : 2009
Cryptocurrencies:
Yes (30+)Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, Mobile Money, PerfectMoney, WebMoney, USDT
Year Founded : 2011
Cryptocurrencies: (25+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Bank Deposit, VISA, awepay, Bitcoin, FasaPay, Local Bank Deposits, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay, USDT
Leverage: 1:20 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT
Leverage: 1:20 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 100 US$
Min. Withdraw : 100 US$
HQ: Cyprus, the UK, Australia, and the United States.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT
Leverage: 1:20 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT
Year Founded : 2010
Cryptocurrencies:
YesDeposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
A Forex broker is a financial services company that provides traders with access to the foreign exchange market. The primary function of a Forex broker is to facilitate the buying and selling of currencies by acting as an intermediary between the trader and the market ( Forex BD / BD Forex / ForexBD / ForexBDLTD / Forex bd LTD / @forexbd )..
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When choosing a Forex broker, it’s important to consider the broker’s business model and the services they offer, as well as their reputation, regulation, and customer support. The best broker for you will depend on your individual needs and trading style, as well as the trading conditions and fees offered by the broker.
Forex trading is a popular financial activity that involves buying and selling currencies to profit from the fluctuations in exchange rates. As with any financial activity, it is essential to choose a reputable and regulated broker to ensure the safety of your funds and a fair trading environment. In this article, we will discuss some of the top regulated forex broker houses.
Online forex trading payment methods refer to the various payment options available for forex traders to deposit or withdraw funds from their trading accounts. In the world of forex trading, payment methods play a vital role in facilitating smooth transactions, and it is important to choose a secure and reliable payment method that suits your needs.
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