TriumphFX Islamic accounts are available in two options: variable accounts and platinum accounts, what is the difference between the two and how to choose？

TriumphFX, a popular brokerage firm regulated by the Financial Services Authority (FSA), has been able to maintain its popularity over the years for a number of reasons.。One reason is that TriumphFX brokers cater to various types of traders。They offer a variety of trading accounts, each with corresponding trading conditions for different traders。As a result, TriumphFX is equipped with two Islamic accounts for traders to choose from:

• Islamic variable accounts: for beginners
  Islamic Platinum Account: For Professionals

To really understand these two accounts, let's move on to the next part of the discussion。

TriumphFX Islamic Variable Account

As the name suggests, the account offers 1.The variable spread from 6 o'clock, although the spread is not the lowest in the TriumphFX account, it does not charge traders a commission。In theory, this is a standard Islamic account and every trader from any background is welcome to join。

To start trading with this account, the trader must deposit at least $100 and there will be no swap fees for Islamic accounts。In addition, the TriumphFX Islamic Variable Account offers traders leverage of up to 1: 500。

TriumphFX Islamic Platinum Account

In addition to Islamic variable accounts, TriumphFX also introduced Islamic Platinum accounts。This is an Islamic account designed for TriumphFX platinum traders. The best part is that it has a small spread, from 0.From 6 o'clock。While other low spread accounts typically charge a commission, the TriumphFX Islamic Platinum account does not, meaning that traders can enjoy low spread trading without paying a commission.。The maximum leverage of this TriumphFX Islamic account is 1: 500, but the minimum deposit is $2,000.。

Which TriumphFX Islamic account is best？

Which TriumphFX Islamic account offers the best trading conditions for Muslim traders if both offer swap fee-free trading？

The easiest way is to choose an account based on the level of the trader, for example, beginners are better off choosing a trading account with a smaller minimum deposit。The following is your choice according to their own ability:

1.For beginners

For trading accounts, novice traders need low transaction costs, which can take many forms, such as small minimum deposits, low spreads and low commissions。At TriumphFX, the Islamic Variable Account is the only account that meets such criteria for Muslim traders, with a minimum deposit of as little as $100, no commission, and affordable spreads.。

2.For professionals

Professionals will never reject low spreads and commissions because they want to maximize profits。However, they may prefer to pay a higher minimum deposit in exchange for premium features that help them develop a well-developed trading plan.。Therefore, the TriumphFX Platinum account is a great option for professional traders, with very small spreads and no commissions.。In exchange, the trader is required to prepare a margin of $2,000。However, given that professionals may open many positions, large deposits may help them avoid receiving margin calls too early。

For a better understanding, check out this comparison table:

Function	Islamic variable	Islamic Platinum
Swap-free	❌	❌
Minimum deposit	100 USD	US $2,000
Spread	1.6	0.6
Commission	❌	❌
Leverage	1:500	1:500