General overview
Islamic SyntX account is a specialized trading account designed for clients who require Islamic-compliant trading conditions while trading synthetic instruments (SyntX). This account operates on a swap-free model, meaning no swap interest is charged or credited on positions held overnight, in accordance with Islamic Sharia principles prohibiting riba (interest).
Islamic SyntX account is intended for traders who want to trade synthetic indices while maintaining compliance with Islamic finance requirements.
Availability of the Islamic SyntX account depends on your country or region. If you do not see this account type in your Personal Profile, it may not be available for your region.
Netting system on Islamic SyntX account
Islamic SyntX account operates using a netting system. Netting means that all open positions for the same trading instrument are combined into a single net position instead of being displayed as multiple separate trades.
When you open multiple positions in the same instrument:
Positions in the same direction are merged into one larger position
Opposite positions (buy and sell) are offset against each other
The platform shows one consolidated position reflecting the total volume and average price
This approach helps simplify position management and provides a clearer view of your overall exposure for each instrument.
Netting is applied automatically and cannot be changed to a hedging system on Islamic SyntX accounts.
What makes SyntX Islamic account different?
Swap-free trading conditions
No interest charged or credited on overnight positions
Designed specifically for trading synthetic instruments (SyntX)
Only promo codes are available
I slamic Synthetic indices account activation requirements
The minimum initial deposit must be made within 30 calendar days from the date of account opening. Only then trading functionality will be available on the account.
Promotional programs and bonuses on Islamic trading account Weltrade
Supported programs
Islamic SyntX accounts support Welcome Bonuses under specific conditions, as well as Welcoin loyalty system.
Available Welcome bonus:
ISLAMICSYNTX50 – 50% bonus on the first deposit of 25 USD or more
Maximum bonus amount: 200 USD
Bonus turnover requirements
Profits generated from trading using bonus funds are subject to turnover requirements measured in total spread paid on completed trades.
Note: for Islamic SyntX accounts the total spread paid must equal Bonus amount × 1.
Bonuses can only be credited when total deposits exceed total withdrawals during the preceding 90 calendar days.
If total withdrawals exceed total deposits during this period, the next deposit must be at least double the amount of withdrawals made during the previous 90 days to qualify for bonus eligibility.
Promotional restrictions for SyntX account Islamic
Islamic SyntX accounts do not participate in the following promotional programs:
Fixed bonuses
Note: copy trading will be available on Islamic SyntX accounts shortly.
Frequently asked questions (FAQs)
What is an Islamic SyntX trading account?
What is an Islamic SyntX trading account?
An Islamic SyntX trading account is a swap-free account designed for trading synthetic indices in compliance with Islamic finance principles.
How does the Islamic SyntX account work?
How does the Islamic SyntX account work?
An Islamic SyntX trading account is a swap-free account designed for trading synthetic indices in compliance with Islamic finance principles.
Is the Islamic SyntX account completely swap-free?
Is the Islamic SyntX account completely swap-free?
Yes. The Islamic SyntX account does not charge swaps on open positions, making it suitable for traders who require swap-free trading.
What instruments can be traded on an Islamic SyntX account?
What instruments can be traded on an Islamic SyntX account?
The Islamic SyntX account is designed specifically for trading synthetic indices.
Who is the Islamic SyntX account suitable for?
Who is the Islamic SyntX account suitable for?
This account is suitable for traders who follow Islamic finance principles and want to trade synthetic indices without swap charges.
Is the Islamic SyntX account different from a standard SyntX account?
Is the Islamic SyntX account different from a standard SyntX account?
Yes. The main difference is that the Islamic SyntX account is swap-free, while standard SyntX accounts may include swap charges.
Is the Islamic SyntX account available in all regions?
Is the Islamic SyntX account available in all regions?
Availability of the Islamic SyntX account depends on your country or region. If the account type is not visible in your profile, it may not be available in your location.
What are the major differences between Islamic SyntX and swap-free account in Weltrade?
What are the major differences between Islamic SyntX and swap-free account in Weltrade?
Swap-free accounts in Weltrade are available for different trading instruments on trading accounts Micro and Pro. Islamic account in Weltrade works only for synthetic indices. It also operates on the netting system, while swap-free accounts use hedging system.