The Swap-Free Account caters – although not exclusively – to those Forex traders who belong to the Islamic faith.

These Forex trading accounts ensure that followers of Islam can trade the financial markets while remaining compliant to their beliefs and the Shari’a Laws. Their Swap-Free regulated MT4 trading accounts provide the same access to the Forex, Precious Metals, Index and CFD markets offered in their other online trading accounts. As a Swap Free account holder, your funds are held in a segregated account, which protects your capital from any unforeseen risks in the financial markets.

At XM, their goal is to make Forex trading accessible to the widest possible audience. their goal is to give you, the Forex trader, all the tools to take control of your financial future and enjoy profits without assuming unnecessary risk. As part of their commitment to you, XM guarantees the best trading conditions in the Forex industry with the peace of mind knowing your investments are held in a segregated trading account and placed in a Tier 1 bank independent from their own capital.

To that end, XM provide a regulated Swap-Free Account for Forex traders adhering to the Islamic faith. Muslim traders operating through their Swap-Free Accounts can hold positions open for an unlimited length of time and will never be charged any interest or swap on their position by XM. The profits or losses of their Swap-Free Account holders will be based solely upon the exchange rate of the currency pair or financial instrument in question and no consideration will be given to volume or time-held.

In offering this service, XM differentiate themselves from a number of the other regulated Forex brokerages who charge large fees for limited swap-free trading accounts. They enable their Muslim Forex traders to adhere to the principles of their faith, without having to turn down the opportunity presented to them by the Forex, Commodities, Stock and Futures markets.

Swap-Free Account holders also enjoy the same incredible Forex bonuses that other account holders receive. One major difference between XMand other regulated Forex brokers is that their Swap-Free Account does not carry an additional cost or a monthly volume fee! As long as it is within your right to possess such a financial trading account, XM makes sure it’s provided free of charge! Trade confidently in an interest-free environment knowing your investments are held in a segregated trading account that protects you against any unforeseen risks.

As a Swap-Free Account holder, you will receive:

  • Zero Up Front Costs.
  • The Protection Of A Segregated Forex Trading Account Independent Of Broker Finances.
  • No Additional Monthly Fees & Zero Commission Fees.
  • No Swaps On Overnight Positions.
  • No Up-Front Commissions.
  • No Spread Widening.
  • No Additional Monthly Fees.
  • Lowest Swap-Free Account Spreads In The Regulated Forex Trading Industry.
  • All The Same Features As their Forex Accounts.