XM strongly against “Swap Free in Disguise”.

As many brokers charge extra fees for using an “Islamic Swap Free” account.

Thus, for “Islamic Swap Free accounts”, XM does not charge no interest/swap charges on overnight positions, No spread widening, No up-front commissions.

In XM’s Islamic Swap Free accounts, you can hold positions with no time limit.

Other trading conditions would be also the same as normal account types.

If you need to open a “Islamic Swap Free” account with XM, follow the steps below.

1. Open a live account normally
2. Verify your account with documents
3. Request for the “Swap Free” status from the client portal

For more information, please contact XM support team.

XM Official Website