We have available swap-free trading accounts for residents of Islamic countries who observe Sharia law. With swap-free status, no swap is credited to or withdrawn from a trading account.
Our automated system identifies which clients are residents of the countries where Islam is the predominant religion and assigns their trading accounts swap-free status. It is not possible to qualify for swap-free status in countries that are not covered by this policy. Also note that Cryptocurrency, Indices, and Stocks are never charged swap and, specifically, the instrument pair XAUUSD (Gold-USD) has a swap rate of 0 regardless of swap-free status (other gold instrument pairs are charged swap as normal).
When found to have abused the swap-free status attributed to trading accounts, we shall reserve the right to:
- Cancel the swap-free status on all trading accounts.
- Once swap-free status is discontinued, swap charges will be applicable for open orders and orders opened in the future.
Improper use includes, but is not limited to, situations where a large portion of transactions on a trading account would have been subject to negative swap charges, which were not levied by Exness, in accordance with the swap-free status of the account.
Swap-free status can be assigned to the following trading account types:
Please follow the link if you would like more information about swap.