ADSS and Admiral Markets Jordan serve Islamic traders with special swap-free accounts。

Authorized forex brokers in the Middle East are becoming more popular as people trust them; and, as more forex brokers struggle to establish a presence in the region, traders are faced with more options than ever before。The two most notable brokers are ADSS and Admiral Markets Jordan。Let's see how they meet the needs of Islamic traders in the region。

ADSS

Overview

ADSS is a leading award-winning Middle East and North Africa broker founded in 2010。Its headquarters is located on the 8th floor of CI Building, Marina Road, Abu Dhabi.。The company offers world-class leveraged trading services and is authorised by the UAE Securities and Commodities Authority (SCA) and the UK Financial Conduct Authority (FCA).

Islamic Account Details

ADSS offers three types of trading accounts:

1. Classic account minimum deposit of $100。Traders will be able to get low market spreads, all the necessary equipment to start trading with Metatrader4, and training courses。
   Elite accounts need to deposit more than $100,000 to get a 25% lower spread and connect to a dedicated senior manager。
   Elite + accounts need to deposit at least $250,000 to get ultra-low spreads.。The trader will not only contact the manager, but also the sales trader。

Both Elite and Elite + accounts offer multiple base currencies (dirhams, pounds sterling, euros, dollars and yen), as well as invitations to Elite events, and Classic accounts do not have similar features.。

Islamic option (no overnight interest) for all accounts。ADSS's swap-free account enjoys the same spread as a broker's regular account, with no additional fees as long as your net worth is less than $30,000。However, the swap-free account has some other requirements。

First, you must submit a specific request and fulfill the additional terms for an Islamic account to be approved。Second, customers can open multiple trading accounts, but only one swap-free account。

deposit and withdrawal

ADSS offers multiple deposit and withdrawal methods。Of particular note, UAE residents can choose to make payments through UAEGPS, a national transfer payment gateway established by the UAE Central Bank, for a safer and faster process.。Customers from other countries may prefer bank wire / transfer, bank card or online transfer services。Funds can be completed in 30 minutes, but withdrawals can take several days depending on your preferred payment method。

Admiral Markets Jordan

Overview

Admiral Markets AS, the Estonian branch of Admiral Markets Group AS, which has been providing reliable financial services since 2001, opened a subsidiary in Jordan in June 2001 at 4th Floor, Eritrea St..Amman 11183, thereby expanding the business。

Admiral Markets Jordan has obtained a local license from the Jordanian Securities Commission (JSC) with registration number 57026, which provides the same high-quality services as the head office of Admiral Markets, including a variety of advanced trading platforms and swap-free services (Islamic Forex accounts).。

Islamic Account Details

Admiral Markets' overnight interest-free service is only available for MT5 accounts, other types of accounts are not accessible and require a minimum deposit of USD25 / EUR25 / JOD25 / AED100 (minimum deposit corresponds to the base currency of the account)。Traders will be able to leverage forex currency pairs and indices up to 1: 500, 0.5 Spreads and low commissions。

You can easily open an Admiral Islamic account, which uses the same trading conditions as a standard trading account, has unlimited access to all trading instruments and all trading methods, and charges management fees。

From Monday to Thursday, Admiral Markets calculates and charges a management fee for all open positions on all Islamic trading accounts from 0: 00 to 00: 01 (EET)。Every Friday from 0: 00 to 00: 01 (EET), there will be a 3-day management fee to transfer positions on weekends. These fees may look similar to swaps, but in fact do not depend on interest。

deposit and withdrawal

Deposits and withdrawals from Admiral Markets Jordan are available in a variety of payment methods, including bank wire transfers, bank cards, electronic money transfer services and crypto wallets, all processed within one business day (requests outside of working hours will be processed on the next business day)。

Choose which one？

Both brokers have their own advantages, please refer to the table below for a direct comparison and choose the one that suits you best。Try any demo account on the ADSS platform or Admiral Markets Jordan for a closer comparison。