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ESC
Swap-Free Account

Islamic Forex Account
Trade Without Interest

XM's Islamic account removes overnight swap on eligible instruments. Whether a product is permissible is a scholarly question — check with a qualified scholar you trust.

Open Islamic Account Is Forex Halal?
Regulated multi-entity broker / Overnight swap / Profits only after conditions
20M+
Clients worldwide
190+
Countries served
1,000+
Tradable instruments
0
Overnight swap

Islamic swap-free account — quick facts

An Islamic forex account is the broker’s swap-free profile: overnight interest (swap) is not charged on eligible positions, while spreads, platforms, and execution generally match standard accounts. Availability and asset coverage depend on XM’s current Islamic account policy.

  • No overnight swap on qualifying positions (no riba from daily rollover in that form).
  • Same MT4/MT5 access and comparable trading conditions to standard accounts where offered.
  • Request swap-free during signup or ask support to convert an existing account.
Key Features

Islamic Account Benefits

No Swap Charges

No overnight swap on eligible positions. Check the current terms for any holding-period or administration fees.

Designed to Avoid Riba

Removes interest-based overnight charges. Scholars differ on leveraged trading, so seek a qualified opinion.

Fully Regulated

XM lists group entities under CySEC, DFSA, FSCA and FSC/FSA; your protection depends on the legal entity assigned to your account.

Same Conditions

Same spreads, leverage, and execution as standard accounts.

Getting Started

How to Open an Islamic Account

1

Register

Open a free XM account in less than 2 minutes.

2

Request Islamic Account

Contact support or select Islamic account option during registration.

3

Start Trading

Your account is set to swap-free. Check the eligible instrument list and any holding-period or fee terms in the Members Area.

Comparison

Islamic vs Standard Account

Feature Islamic Account Standard Account
Overnight Swap No swap charges Swap charges apply
Spreads Same (from 0.6 pips) Same (from 0.6 pips)
Leverage Same (up to 1:1000) Same (up to 1:1000)
Instruments All instruments available All instruments available
Bonus Bonus eligibility varies Bonus eligibility varies
Support 24/7 Arabic & English 24/7 Arabic & English
Learn More

Islamic Forex Guides

Is Forex Halal?

Comprehensive analysis of forex trading from an Islamic perspective.

Swap-Free Account

Everything about interest-free trading accounts and how they work.

Islamic Forex Guide

Guide to swap-free trading and the questions scholars raise about forex.

Frequently Asked Questions

An Islamic forex account (also called a swap-free account) does not charge overnight interest (swap) on eligible positions. It is designed to avoid riba, but scholars differ on whether leveraged spot forex and CFDs are permissible, so treat the account as a structural feature, not a religious ruling.

Scholars disagree. Some consider spot forex permissible when there is no interest, exchange is effectively immediate and speculation is not excessive; others consider leveraged margin trading and CFDs impermissible. A swap-free account removes interest charges but does not by itself settle the ruling — consult a qualified scholar.

XM states that Islamic accounts use the same spreads as the equivalent standard account type. Terms can change by entity and instrument, so check the current Islamic account terms before trading.

It depends on your XM entity, country, account setup and the current campaign. Check the Members Area before opting in; some deposit bonuses exclude specific account types.

Contact XM support via live chat or email and ask to convert your account to Islamic/swap-free. Timing depends on verification and your entity; confirm the change in the Members Area before holding positions overnight.

Start Trading Interest-Free Today

Open an Islamic (swap-free) account, then confirm eligible instruments and terms before you trade overnight.

Open Islamic Account

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