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mohdfazlan
Within 1 year

Does ABX offer a swap-free (Islamic) account for its traders?

Broker Issues
ABX
Account
Platform
Instruments
Leverage
04-08
United States
WikiFX
Reply

In my experience as a trader who prioritizes regulatory oversight and transparency, I exercise extra caution when dealing with brokers like ABX. According to the information available, ABX specializes in physical precious metals trading through its own MetalDesk platform, focusing on gold, silver, and platinum. However, a significant factor for me is the absence of clear regulatory status—despite claims of ASIC regulation, there is an explicit warning that this is not actually the case. This lack of verified regulatory oversight raises broader concerns about client protection and transparency. Regarding your question about swap-free (Islamic) accounts, I could not find any evidence or mention of such options offered by ABX. The available details list market instruments and some product minimums, but there is no information about account types catering to Shariah-compliant trading needs. In my view, this absence is concerning for traders who require swap-free accounts for religious reasons. Before considering ABX or any similar broker, I advise confirming such critical account features directly—especially since high entry barriers and unregulated status already amplify risk for traders like me who value both compliance and inclusivity.

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