4 minute read
How to Open Forex Account in Pakistan: Islamic Account?
With the growing demand for halal investing, many Pakistani traders are asking:“How can I open a forex account in Pakistan with Islamic (swap-free) conditions?”
In this guide, you’ll discover how to open your account the right way — step-by-step, fully compliant with Shariah law, and ready to trade with a globally trusted broker like EXNESS.
1. What is an Islamic Forex Account?
An Islamic Forex Account (also called a swap-free account) is designed for Muslim traders who want to avoid interest (riba), which is prohibited in Islam.
Instead of earning or paying overnight interest (swap), the account is structured to:
✅ Follow Shariah principles
✅ Avoid interest on rollover positions
✅ Offer the same trading experience — without riba
2. Why EXNESS is the Best Choice for Islamic Forex Accounts in Pakistan
EXNESS is a globally regulated broker and one of the most recommended platforms for Pakistani traders. Here’s why:
✅ Islamic account option available on all major trading types
✅ Regulated by CySEC, FCA, FSCA, FSA
✅ Offers instant deposits/withdrawals via JazzCash, Easypaisa
✅ Urdu-speaking support and localized dashboard
✅ Supports MT4/MT5 and mobile trading
✅ Minimum deposit starts at $10 only
👉 Open your Islamic EXNESS account now
👉 Already have one? Login here
3. How to Open Forex Account in Pakistan (Islamic Account) – Step-by-Step
Here’s a simple guide to get started from anywhere in Pakistan:
🔹 Step 1: Visit the Official EXNESS Registration Page
Click here to start:👉 Sign up for EXNESS Pakistan
Enter your email, select your country as Pakistan, and create a password.
🔹 Step 2: Verify Your Identity
After account creation, go to your Personal Area, then:
Upload your CNIC or passport (front and back)
Upload a utility bill or bank statement as proof of address
Submit and wait for EXNESS to approve (usually under 24 hours)
👉 Secure your account now with full verification
🔹 Step 3: Choose the Right Account Type
Once verified, click “Open New Account”, and select:
Standard or Raw Spread account
Choose MT4 or MT5 platform
Set account currency (usually USD)
Don’t worry about selecting Islamic status just yet — you’ll enable that next.
🔹 Step 4: Enable Islamic (Swap-Free) Status
After creating your trading account:
Go to “My Accounts” section
Click on “Settings” → “Trading Conditions”
Enable the Swap-Free (Islamic) option
EXNESS will automatically remove all overnight interest from your trades.
👉 Enable your Islamic account here
🔹 Step 5: Make Your First Deposit
Go to the “Deposit” section and choose one of the following:
JazzCash
Easypaisa
Bank Transfer
USDT (Crypto)
Minimum deposit is as low as $10 — perfect for beginners.
🔹 Step 6: Start Trading (Halal & Compliant)
Once your deposit arrives (usually instantly), you can start placing trades via:
MT5 desktop/mobile app
EXNESS Web Terminal
EXNESS Android/iOS app
Everything is real-time, fast, and swap-free.
4. Tips for New Islamic Forex Traders in Pakistan
✅ Stick to low-risk trades and avoid high leverage (especially as a beginner)
✅ Avoid news-time trading unless you understand volatility
✅ Always double-check if your account is “swap-free” under your dashboard
✅ Use demo account first if you’re unsure of your strategy
👉 Practice with a demo before trading real money
5. FAQs – How to Open Forex Account in Pakistan: Islamic Account
Is it legal to trade forex in Pakistan?Yes. Forex trading is legal through international brokers like EXNESS.
Is EXNESS trading halal in Pakistan?Yes. You can open a swap-free (Islamic) account for halal trading.
How long does account verification take?Usually within 24 hours, if your documents are clear and match your profile.
Can I deposit via Easypaisa or JazzCash?Yes, both are fully supported by EXNESS in Pakistan.
Do I need to pay zakat on my trading profits?That depends on your annual savings and income. Consult your local scholar for advice.
Conclusion
If you're in Pakistan and looking for a halal, regulated, and accessible forex broker, EXNESS is your top choice. Opening an Islamic forex account takes only a few steps — and you can start trading with as little as $10.
👉 Open your Islamic EXNESS account in Pakistan now👉 Already verified? Login to start trading
Need a Urdu version, video tutorial, or help with document upload? Just ask — I'm here to help you get started right!
