Yes, XM does offer “Islamic Swap Free” accounts through both MT4 and MT5 trading platforms.
The trading conditions are the same as each normal account type though, only the Leverage will be restricted to 1:500.
XM makes sure that the account will be 100% Shariah Compliant with following conditions.
- No Expiration
- No Spread Widening
- No Commissions and No Hidden Fees
In order to have an “Islamic Swap Free” account with XM, please follow the steps below.
- Open an account with XM
- Verify your account with Documents
- Request for the “Islamic Swap Free Account” through XM’s Client Portal
Please do not make a deposit to your live accounts until XM changes your account type to “Swap Free” status.