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How to create EXNESS islamic account: A Step-by-Step Guide
For Muslim traders who want to trade forex while staying compliant with Shariah law, EXNESS Islamic accounts are the perfect solution. Unlike regular trading accounts, an Islamic account does not charge or earn interest (swap-free), making it fully halal for forex trading.
In this guide, we’ll explain what an Islamic account is, its benefits, and show you step-by-step how to open one with EXNESS.
👉 Ready to trade halal forex? Sign up for EXNESS here.
What is an EXNESS Islamic Account?
An Islamic account, also called a swap-free account, is designed for Muslim traders who cannot pay or receive interest due to Shariah principles.
No overnight swap fees → trades held overnight won’t accumulate interest.
Shariah-compliant trading → suitable for Muslim traders.
Available on most EXNESS account types (Standard, Pro, Raw Spread, Zero).
This allows Muslim traders to access forex markets fairly while following Islamic finance rules.
Benefits of EXNESS Islamic Accounts
✅ No Riba (Interest): Fully swap-free and halal.
✅ Access to all instruments: Forex, indices, commodities, and more.
✅ Low minimum deposit: Start trading with as little as $10.
✅ Multiple platforms: MT4, MT5, and Exness Terminal.
✅ Regulated broker: Trusted globally, including in Muslim-majority countries.
Step-by-Step: How to Create an EXNESS Islamic Account
Step 1: Register on EXNESS
Go to the EXNESS Home Page and click on Sign Up. Enter your email, password, and select your country of residence.
👉 Direct sign-up link: Create your account here.
Step 2: Verify Your Account
Upload your ID (passport, national ID, or driver’s license) and proof of address (utility bill, bank statement, etc.). Verification ensures security and unlocks all trading features.
Step 3: Choose an Account Type
Select from Standard, Pro, Raw Spread, or Zero Account depending on your trading style.
Beginners → Standard or Standard Cent
Advanced traders → Pro or Raw Spread
Step 4: Enable the Islamic Option (Swap-Free)
Inside your account settings, choose “Enable Swap-Free Option”. This will convert your account into a Shariah-compliant Islamic account.
Step 5: Make a Deposit
Deposit funds via multiple methods: bank transfer, credit/debit card, e-wallets (Skrill, Neteller), or crypto. The minimum deposit is just $10.
Step 6: Start Trading Halal Forex
Open MT4, MT5, or the Exness Terminal, choose your instrument (e.g., EURUSD, XAUUSD), and start trading without overnight interest charges.
Example: Trading with an Islamic Account
Imagine you open a 1 lot EURUSD trade and keep it overnight.
Normal account: You would pay or receive swap interest depending on trade direction.
Islamic account: You pay no swap fee, keeping the trade fully halal and compliant.
This is particularly useful for swing traders who hold positions for days or weeks.
Pros & Cons of EXNESS Islamic Accounts
Pros
✅ 100% Shariah-compliant, swap-free trading✅ Low deposit requirement✅ Access to all EXNESS platforms & tools✅ Flexible account types available
Cons
❌ Some instruments may have administrative fees instead of swaps❌ High leverage trading still carries risks
Conclusion
The EXNESS Islamic account is a reliable option for Muslim traders who want to trade forex without violating Shariah law. With a low minimum deposit, multiple account types, and global regulation, it provides flexibility and fairness for halal trading.
👉 Start halal forex trading today: Open your EXNESS Islamic Account here.
FAQ – EXNESS Islamic Account
1. Is the EXNESS Islamic account really halal?Yes. It removes overnight swap interest, making it fully Shariah-compliant.
2. What is the minimum deposit for an Islamic account?Only $10, depending on account type.
3. Can I open an Islamic account in South Africa, Dubai, or Indonesia?Yes. EXNESS offers Islamic accounts in most Muslim-majority regions.
4. Do all accounts support Islamic option?Yes, Standard, Pro, Raw Spread, and Zero accounts can be converted to Islamic.
5. Are there extra fees instead of swaps?On some instruments, Exness may charge a fixed administration fee instead of swaps.
See more:
How to create an account with EXNESS?
