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Authorised and Regulated: FCA UK / SCB
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Islamic Accounts (Swap Free)

What are they?


At Blackwell Global, we believe that according to Islamic Sharia, investors who follow the Islamic faith should have access to interest-free trading accounts that follow the basic prohibitions of Riba according to Sharia.

In order not to violate the terms of Riba al-Nasi'ah, which prohibits money-to-money exchanges on a delayed basis, we offer only spot contracts for forex, gold, silver and oil. To avoid interest rates, we allow you to hold positions overnight - and indefinitely - without deducting or crediting interest rate charges (rollovers) from the trading account.


*The use of leverage can magnify profits but it can do the same for losses. Forex and CFDs are leveraged products, involve a high level of risk and can result in the loss of more than your invested capital. Please consult our full risk warning notice.

Contract Information

Blackwell Global’s typical ECN spreads are derived from our liquidity providers.

Leverage

Leverage allows you to hold a larger position than the initial cash deposit. Your initial outlay is supplemented to increase the value of your underlying investment. The higher the leverage, the larger the position the trader can execute for the same amount of the initial deposit.

For example, a client using 100:1 leverage could hold a position in the forex market of $100,000 with a margin of $1,000. For a 200:1 leverage, the client would need a $500 margin to hold the same position.

Leverage increases the potential of high returns when the market moves in their favour. However, please note that leverage will act against you when the market moves in the opposite direction to your prediction.

Leverage Levels

Different leverage levels apply to different account types.

Margin Requirement

When an investor opens an account with a broker, an initial deposit is required in order to open a position in the market. The required cash deposit will act as a deposit to cover any credit risk. Depending on the agreement, the investor could be able to leverage up to a certain limit.

The margin requirement for a forex trade is calculated using the following formula:

Margin = (Lot Size * Contract Size * Opening Price) / Leverage

The examples below are based on a Standard/Classic account with a leverage of 100:1.

Forex

Margin requirement for one standard contract position in EUR/USD at 1.2500 is calculated as follows:
Margin = (1 * 100,000 * $1.2500) / (100) = $1250.00

Spot Gold

Margin requirement of one standard contract position in Gold at 1579.01 is calculated as follows:
Margin = (1 * 100 * $1579.01) / (100) = $1579.01

Spot Silver

Margin requirement for one standard contract position in Silver at 28.70 is calculated as follows:
Margin = (1 * 5000 * $28.70) / (100) = $1435.00

Note: Interest is not required to be paid on the borrowed amount, but if the investor decides to hold his position overnight, interest will be charged as the rolled over rates on the total positions held.

Margin Call

Margin Call is a level set by a brokerage that defines the minimum amount of money required to trade in the market. When your account falls below the margin call level, you will need to make an additional deposit to maintain your positions. Alternatively, you can close some of your positions to reduce your required margin. At Blackwell Global, Margin Call is set at 120%.

Stop Out Level

In the event you are unable to maintain sufficient funds in your account after hitting Margin Call, and if your account value depreciates to the Stop Out level, your positions will be closed automatically to prevent further loss to your capital. At Blackwell Global, Stop Out level is set at 80%.

No Swaps

Often referred to as Rollover Interest, swaps are charged when holding onto a position overnight due to the difference in interest rates between the base currency and the quote currency.

Specifications

0.0

Swaps

100

Max.Order Size (lots)

24

Trading Hours

5

Trading Days

5

Pricing Decimals

3

Japanese Yen Decimals

100000

1 Standard Lot

2

Server Time (GMT+)

0.01

Min. Order Size


Contact us


Welcome to Blackwell Global

Blackwell Global operates across a range of jurisdictions, please see the options below.
Please see below the protections you'll waive by not continuing to the UK website.
switching to the global website.
By clicking Switch to Global website, you acknowledge the information below.

Best Execution

Protections you'll keep


Blackwell Global will ensure to always act in the best interest of our clients by offering a best excution policy across our wide range of trading products

Segregated Account

Clients funds will be stored in segregated client money accounts, we ensure security of funds With tier 1 banking parnters.

Balance Protection

Blackwell Global will uphold our commitment to clients by offering negative balance protection.

Leverage Restriction

You will not be protected by the leverage caps for retail clients under the FCA UK entity for CFD trading. 200:1 is the maximum leverage under our global entity. The protection of 1:30 is the maximum leverage under our UK entity

Restriction on Incentives
Restriction on Incentives

Clients and partners will not be protected by FCA restrictions on Incentives to retail clients and traders, Under our FCA entity no trading incentives may be offered.

Protections you'll waive