ACY Securities Rolls Out New Swap-Free Islamic Account

ACY Securities, the award-winning FinTech based ASIC-regulated broker headquartered in Sydney, has rolled out its new swap-free Islamic account as part of its worldwide release today.

The launch of the new swap-free Islamic account is in line with the broker’s MENA region expansion strategy as it positions itself as a strong contender for Islamic traders in the Middle East.

ACY’s new swap-free Islamic account offers the following benefits:

• No interest or swap charges on any open positions
• Over 70 instruments to trade across FX, Index, Commodity, Precious Metals, and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term pairs
• Leverage up to 1:500 with fast execution and deep Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term
• No restrictions on Expert Advisors (EAs) or high-frequency trading
• Hedging is permitted
• Full Arabic support with a dedicated account manager

Ashraf Sherif, Head of Egypt said the fact that ACY Securities offers a premium Islamic account type coupled with full Arabic support and superior trading conditions makes it a very strong contender for Arabic clients.

“Well established ASIC regulated brokers offering a premium swap-free Islamic account, such as ACY Securities, are highly sought after by traders in the Middle East. And the fact that ACY offers the swap-free account with full Arabic support and superior trading conditions makes it truly appealing to clients who want to trade the global markets in accordance with the Islamic faith” said Mr Sherif in a statement today.

ACY Securities is the Official Sponsor of two upcoming high-profile events in the Middle East – the Egyptian Women Forum, which will be held in October and the Egypt Summit 2020, which will be held in November. It will also be involved in the Dubai Summit 2020 as a Diamond Sponsor.

The new Islamic account type is available from today, with initial charges starting from 15^th September. This will affect all existing swap free accounts. To apply, visit www.acy.com.

Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.