Table Of Content
Key Features of Exness Islamic Account
- Swap-Free Trading
The Exness Islamic Account is fully swap-free, meaning there are no overnight interest charges (swap fees) on positions held overnight. This ensures compliance with Shariah law, which prohibits earning or paying interest. - Wide Range of Instruments
Islamic accounts at Exness provide access to a broad range of financial instruments, including forex, metals, cryptocurrencies, indices, and more, allowing traders to diversify their portfolio without restrictions. - Same Trading Conditions as Regular Accounts
Islamic accounts offer the same competitive trading conditions as non-Islamic accounts. This includes tight spreads, flexible leverage options, and fast order execution, giving traders a seamless experience regardless of their account type. - Multiple Account Types Available
Traders can select Islamic status across various account types, including Standard, Pro, Raw Spread, and Zero accounts, ensuring they can choose the one that best fits their trading style and goals. - Shariah-Compliant
The Exness Islamic Account adheres strictly to the principles of Islamic finance, making it a suitable option for Muslim traders who want to engage in ethical and compliant trading activities. - No Additional Fees
While the Islamic account removes swap fees, all other conditions remain the same. There are no additional charges for opting for an Islamic account, ensuring traders can focus on trading without hidden costs.
How to Open an Exness Islamic Account
Opening an Exness Islamic Account is a simple process, allowing traders to trade without paying interest (swap fees) on overnight positions in accordance with Shariah law. Follow these steps to get started:
1. Sign Up for an Exness Account
- Visit the Exness website and click on “Open Account.”
- Complete the registration form by providing your email address, country of residence, and creating a password.
- Confirm your email and phone number to proceed to your Personal Area.
2. Select Account Type
- In your Personal Area, click on “Open New Account.”
- Choose the type of account you wish to open, such as Standard, Pro, Raw Spread, or Zero. You can open multiple accounts if needed.
- Select the currency and leverage settings for your account.
3. Enable Islamic Account Status
- During the account setup process, you will see an option to enable Islamic account status. Check the box for swap-free to confirm that you want your account to be swap-free.
- If you already have an active Exness account, you can contact customer support to switch it to an Islamic account.
4. Verify Your Account
- Complete the identity verification process by uploading your government-issued ID and proof of residence. This step is essential to activate your account for trading.
- Once your documents are approved, your account will be fully activated.
5. Fund Your Account
Deposit funds into your new Islamic account using any of the available payment methods, such as bank transfers, e-wallets, or cryptocurrency.
6. Start Trading
Once your account is funded, log in to the MetaTrader 4 or MetaTrader 5 platform and start trading in a swap-free environment.
Who Should Use an Exness Islamic Account?
- Muslim Traders Seeking Shariah Compliance: The Exness Islamic Account is ideal for Muslim traders who wish to engage in financial markets while adhering to Islamic principles. Shariah law prohibits earning or paying interest, and this account type ensures that no swap or overnight interest charges are applied, making it fully compliant with Islamic finance guidelines.
- Traders in Islamic Countries: Many traders in countries where Islamic finance is the norm may prefer or be required to trade without interest-based transactions. The Exness Islamic Account is a great solution for those in regions such as the Middle East, North Africa, and Southeast Asia, where Shariah-compliant financial services are in high demand.
- Non-Muslim Traders Seeking Swap-Free Trading: While the Exness Islamic Account is designed with Muslim traders in mind, non-Muslim traders who prefer to avoid paying swap fees or want to hold positions overnight without interest can also benefit. The swap-free feature makes it appealing for traders who want to manage long-term positions without additional costs related to overnight fees.
FAQ: Exness Islamic Account
What is an Exness Islamic Account?
An Exness Islamic Account is a swap-free trading account designed to comply with Shariah law, which prohibits interest-based transactions. This account type allows Muslim traders to engage in trading without incurring overnight swap fees on positions held overnight.