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Exness Swap-Free Account Eligibility Criteria
Forex trading shouldn’t come with barriers — especially when it comes to personal, religious, or strategic principles. Exness recognizes this and provides traders with the option to trade without overnight interest using a Swap-Free Account.
But who qualifies? In this article, we’ll explain the eligibility criteria for a Swap-Free Account in Exness, how to check if you qualify, and how to activate it step by step.
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What is a Swap-Free Account in Exness?
A swap-free account, often referred to as an Islamic account, removes the interest (swap) that’s typically charged when positions are held overnight.
Instead of charging interest, Exness may apply a fixed administration fee — which is transparent and only applied under specific conditions. This makes it suitable for:
Traders who follow Shariah law
Long-term position traders
Anyone looking for an interest-free trading environment
Why Exness Offers Swap-Free Accounts
Exness provides this option for several reasons:
✅ Religious accommodation for Muslim traders
✅ Legal compliance in countries with Islamic finance laws
✅ Strategic flexibility for traders who prefer no swap charges
✅ Inclusive trading for global clients of diverse backgrounds
It’s part of Exness’s commitment to ethical, inclusive, and responsible trading practices.
Who Is Eligible for a Swap-Free Account?
Eligibility depends on three main criteria:
1. Muslim Traders (Shariah Compliance)
Exness was originally designed to support Sharia-compliant trading. Muslim traders automatically qualify for swap-free accounts in:
Many Islamic countries
Regions where interest-bearing instruments are restricted
These accounts remove Riba (interest) in accordance with Islamic law.
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2. Traders in Eligible Countries
Some countries automatically qualify for swap-free status based on Exness’s internal geographic rules. These include:
Middle Eastern countries (e.g. UAE, Saudi Arabia)
North African countries (e.g. Egypt, Morocco)
Southeast Asia (e.g. Indonesia, Malaysia)
East African countries (e.g. Ethiopia, Somalia)
In these regions, swap-free is enabled by default for new accounts.
3. Traders With Valid Use Cases (e.g. Swing or Position Traders)
Even if you're not in a swap-free zone or not Muslim, you can still request access manually if:
You hold positions overnight frequently
You follow a trading style affected by swap charges
You prefer a fixed-fee system over unpredictable swaps
Exness may review your trading behavior and approve your account case-by-case.
Countries Where Swap-Free Is Automatically Enabled
If you register from a region with Islamic finance considerations, swap-free will be enabled automatically. These countries typically include:
Saudi Arabia
Egypt
UAE
Ethiopia
Malaysia
Nigeria (some accounts)
Indonesia
Pakistan
Bangladesh
To confirm, check your account settings after registration or ask Exness support.
Can Non-Muslims Use Swap-Free Accounts?
Yes! While originally designed for Shariah compliance, swap-free accounts are available to any trader who meets eligibility standards.
Even if you're:
A non-Muslim
A long-term strategy trader
Someone avoiding overnight interest for personal reasons
You can apply and get approved based on your trading needs.
How to Check If You Qualify
There are two ways to verify your status:
Automatic Activation: Enabled by default for users from eligible countries.
Manual Request: Log into your Personal Area and contact Exness support to request swap-free status.
How to Apply for a Swap-Free Account in Exness
Follow these steps:
Register at the official Exness signup page
Verify your identity (KYC)
Open a Standard, Pro, or Raw Spread account
During or after setup, request “Swap-Free” status in settings
If unavailable, contact live support to request activation
Once approved, your account is permanently swap-free, unless otherwise notified.
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Swap-Free Account Duration & Review
Swap-free status is:
Permanent for most eligible users
Monitored for misuse (e.g. high-frequency arbitrage)
Reversible only under specific terms (Exness will notify)
If your trading activity violates platform rules, swap-free status may be revoked.
FAQs
1. Do I have to be Muslim to open a swap-free account?
No. Anyone can request one if they meet the eligibility criteria.
2. Is swap-free automatic in Ethiopia?
Yes, for most users in Ethiopia, swap-free is enabled by default.
3. Can I have multiple swap-free accounts?
Yes, as long as each is individually approved and used according to policy.
4. Will I be notified when swap-free is activated?
Yes. You’ll see the swap-free tag in your account dashboard.
5. Are swap-free accounts halal?
Yes, they are fully Shariah-compliant and free from overnight interest.
6. Can swap-free status be removed later?
Yes, if misuse or policy violation is detected.
Conclusion
Exness makes it easy for all types of traders — especially those from Islamic regions — to trade without interest. Whether for religious compliance or strategic advantage, swap-free accounts offer fairness, transparency, and inclusivity.
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