XM Islamic account (swap-free)
Many brokers offer swap-free (often called Islamic) accounts for clients who want to avoid overnight swap charges tied to interest. XM publishes its own rules and fees—request the account type through official channels and read the fee schedule for your entity.
What “swap” means on a standard account
On many CFD accounts, positions held past the daily rollover point incur swap fees or credits tied to interest rate differentials. For traders who want to avoid that mechanism, brokers often market swap-free or Islamic profiles.
Naming varies: you might see “Islamic account”, “Muslim account”, or plain “swap-free”. The implementation matters more than the adjective.
What swap-free usually replaces
Removing swaps does not magically remove all costs. Firms may charge:
- Administrative fees on long-dated positions
- Wider spreads or different margin treatment in some cases
- Instrument restrictions depending on risk policy
If you need a ruling for personal practice, that is a question for qualified religious guidance and your own reading of terms — not a marketing blog.
Applying at XM
Use XM’s website or support to request a swap-free profile if you qualify. Product names differ (“Islamic”, “Muslim”, “swap-free”) but you need the official fee table for your account.
Registration and bonuses
Complete registration first. Some promotions may not apply to swap-free accounts—check the promo rules.