Exness Swap-Free Account (Islamic Account)

How swap-free status works on an Exness account

• Swap-free means no overnight swap on the instruments that qualify. The swap is the interest-based charge applied when a position is still open at the end of the trading day; on a swap-free account it is simply not charged, however many nights the position stays open.
• The status sits on the Personal Area — the account dashboard on the Exness website — not on one account number: every trading account created inside that Personal Area carries it, including accounts opened later (Exness Help Centre, "Swap-free status").
• All five account types can hold it — Standard, Standard Cent, Pro, Raw Spread and Zero — so the account type chosen is not what decides eligibility.
• Accounts registered from countries where Islamic finance rules apply are assigned swap-free status automatically: nothing to request, and no separate "Islamic account" product to open.
• Elsewhere Exness applies an extended swap-free status to qualifying accounts by default; it is conditional and is reviewed against how the account actually trades.
• Only the swap line changes. The spread, the commission on Raw Spread (from $3.50 per side per lot) and Zero (from $0.05 per lot), the leverage setting and the market risk of the position all stay exactly as they were. Spreads are variable and can widen during volatility, news events and market open or close.
• Scale of what is removed, read from Exness's MetaTrader 5 symbol specifications on 26 July 2026: one standard lot of gold held long carried $48.28 of swap per night, one lot of EUR/USD held long $6.00, one lot of US Oil held short $207.40.
• When an extended swap-free allowance expires on a specific position, Exness replaces the swap with a fixed administration fee for that position, which can be larger than the swap it stands in for.
• The status in force on an account is shown in the Personal Area under Settings, on the Trading conditions screen, and on the Exness benefits tab.
• Islamic swap-free and extended swap-free cannot be converted into one another — an account holds one form or the other.

Exness account types and swap-free status

What is the overnight swap, and why does it appear?

A position still open when the trading day ends is rolled forward to the next settlement date. A forex position is two currencies borrowed and lent against each other, so that roll carries an interest component: the difference between the two interest rates, plus the financing charge the broker applies. MetaTrader reports the result as swap and applies it to the position every night it stays open.

The moment that triggers it is the trading server's daily close, not local midnight — in MetaTrader the clock that decides is the server clock shown in Market Watch. A position opened and closed inside the same trading day never pays swap; one carried across that moment pays for one night. Charges are stated per standard lot (100,000 units of the base currency on a currency pair, 100 ounces on gold) and scale with volume, so 0.10 lots pays a tenth of the per-lot figure.

Two things decide how big the bill gets. Direction is the first: on the measured Exness feed of 26 July 2026 one lot of EUR/USD cost $6.00 a night held long and $0.00 held short — same instrument, opposite outcome. The calendar is the second: one night each week is charged three times to cover the weekend (Wednesday on forex and metals, Friday on indices and cryptocurrency CFDs on that feed), while the two oil CFDs carry no triple night at all. The full measured set — 23 instruments in dollars per lot per night — is on the Exness swap rates page.

What swap-free status changes, and what it leaves alone

Swap-free status switches off that one line. On an instrument that qualifies no swap is debited and none is credited, however many nights the position stays open, and the weekly triple charge goes with it. Nothing else moves: the spread is unchanged, commission on Raw Spread (from $3.50 per side per lot) and Zero (from $0.05 per lot) is charged as usual, the leverage setting is the same, and the position carries the same market risk it always did. Spreads are variable and can widen during volatility, news events and market open or close.

The table below puts that in money, using the measured rates and a 30-night hold. It is a cost avoided on eligible instruments, not a gain: the same 30 nights of gold exposure can lose several times $1,931 if the price moves against the position, and swap-free status does nothing to change that.

Who is given swap-free automatically, and who has to ask

Two different things travel under one name. Accounts registered from countries where Islamic finance rules apply are assigned swap-free status automatically, at Personal Area level, with no request and no separate "Islamic account" product to open (Exness Help Centre, "Swap-free status (Islamic countries)").

Everywhere else there is extended swap-free: applied by default to qualifying accounts, but conditional. Qualification is judged on how the account trades. An account that trades little during the session and instead keeps large numbers of orders parked overnight — the pattern of a carry-style book left running for weeks to collect the swap — can fall outside it. The two forms are not interchangeable either: an account cannot be moved from extended swap-free to Islamic swap-free, or the other way round.

Because the status is account-wide, a second or third trading account inside the same Personal Area needs no second request — a new Standard, Cent, Pro, Raw Spread or Zero account inherits whatever the Personal Area already holds.

Where does that leave a reader in Qatar? The rule keys off the country recorded on a Personal Area at registration, not off the account type, the platform or the instrument traded, so no third-party page can confirm which form a specific account holds. One screen can: Trading conditions in the Personal Area, reachable in under a minute after login.

What is the administration fee after the swap-free window?

Extended swap-free is not open-ended. When the swap-free allowance on a specific position runs out, the ordinary swap is not simply switched back on: Exness replaces it with a fixed administration fee for that position, and that fee can be larger than the swap it stands in for. A position that was cheap to hold for the first stretch can therefore become noticeably more expensive to keep open.

There is no single published number of nights for how long the allowance runs — it is tied to the position and the instrument rather than being one global figure — so the terms shown against the account in the Personal Area are what settle it, and they are worth reading before a swing or carry position is opened, not after.

The practical consequence: swap-free status is not a reason to leave a position open indefinitely. Before rolling one past the point where the allowance ends, read what it is actually being charged. MetaTrader shows accumulated swap per open position in the Trade tab, and the trading calculator estimates the overnight cost of a given volume before the order is placed.

Which instruments are swap-free, and how to check one

Eligibility is per instrument, not blanket. Exness lists major and minor currency pairs as tradable swap-free under its Swap-Free program and names individual instruments the same way on their own product pages, EUR/USD and US Oil among them; gold is named in the extended swap-free coverage as well. For a specific account, though, the symbol specification is what settles it.

That check takes about ten seconds and needs no third-party list: in MetaTrader 4 or MetaTrader 5, right-click the symbol in Market Watch and open Specification, then read Swap long and Swap short. Zero on both lines means no overnight swap is applied to that symbol on that account; a non-zero figure is the rate that will be charged, per lot, per night.

MetaTrader quotes that rate in points rather than in money, which is why two traders comparing "the same" swap can be describing very different amounts. The conversion is one multiplication: points multiplied by the instrument's tick value — the cash value of one point for one lot, listed a few lines above in the same Specification window — gives dollars per standard lot per night. On the measured feed gold showed -482.8 points at a tick value of $0.10, which is the -$48.28 in the table below, and EUR/USD showed -6.0 points at $1.00, which is -$6.00.

Is the Exness Islamic account halal?

Whether trading it is permissible is a question for a qualified scholar, not for a comparison site, and the answer depends on the school of thought a trader follows and on what is being traded. What can be stated is what the account does and does not do.

It removes the element most often objected to: riba, the interest built into the overnight rollover. Exness describes its Islamic accounts as removing all interest and rollover charges in accordance with Sharia law (Exness, "Swap fees explained", October 2025). What it does not change: a CFD stays a leveraged contract settled in cash, with no delivery of the underlying asset, and a spread — plus commission on Raw Spread and Zero — is still paid on every trade. Exness does not present the account as certified by a named Shariah supervisory board, so that kind of certification should not be assumed from the swap-free label alone.

The useful move is to take those two facts — swap removed, leveraged CFD structure unchanged — to a scholar familiar with contemporary financial instruments.

How to open an Exness Islamic (swap-free) account, step by step

1. Register a Personal Area with Exness and confirm the email address. There is no separate "Islamic account" sign-up form to hunt for — swap-free is a status on a normal account, not a different product.
2. Complete profile verification (KYC — proof of identity and of address). Exness requires it before an account can trade and withdraw, and the status is applied to a verified Personal Area.
3. Open a trading account: Standard, Standard Cent, Pro, Raw Spread or Zero. All five can carry swap-free status, so this choice is about spread and commission, not about swap — the account types page compares them side by side.
4. In the Personal Area, open Settings and the Trading conditions screen (the same status is shown on the Exness benefits tab) — the swap-free status in force is displayed there. Accounts registered from countries where Islamic finance rules apply already show it, applied automatically.
5. If it is not active, request it from that screen or through Exness support. It is granted at Personal Area level, so every trading account inside it follows, including ones opened later.
6. Before holding anything overnight, confirm it on the platform: open the symbol specification in MetaTrader 4 or MetaTrader 5 and check that Swap long and Swap short read 0 for the instrument being traded.

The status shown on the Trading conditions screen, not a third-party page, is what applies to a specific account, and trading conditions can change. Existing traders can skip to step four.

What holding one lot overnight costs without swap-free status

Swap long and swap short read from the symbol specifications on a Standard-type Exness MetaTrader 5 feed that does not carry swap-free status, converted to dollars per standard lot, 26 July 2026. Negative means charged to the account. The 30-night column counts 40 charges, because seven nights are billed as nine on instruments with a triple-swap night; the two oil CFDs have no triple night, so 30 nights there is 30 charges. On the other side of each pair the swap was zero or a credit on this feed. These are costs avoided on eligible instruments, not profit — the market risk of the position is unchanged. Figures are US dollars and scale with volume; on an account denominated in another currency the same amount is converted at the prevailing rate. Rates move with interest-rate differentials.

Islamic swap-free and extended swap-free compared

Based on Exness Help Centre documentation on swap-free status, read July 2026. Trading conditions can change — confirm the current terms with Exness before trading.

Swap-free: what traders assume and what actually applies

Forex and CFD trading carries a high risk of losing money rapidly; swap-free status changes the cost of holding a position, not the risk of it.

Related Exness pages