How to Open a XM Islamic Account
The swap-free choice may be chosen as a part of the buying and selling account registration in three straightforward steps:
- Open a trading account with us
- Login to the Members Area and validate your account
- Request An Islamic Account
As quickly as our related division receives your request, your buying and selling account will obtain swap-free standing and you may be notified by electronic mail accordingly. Please notice that XM reserves the appropriate to revoke the swap-free standing granted to any actual buying and selling account within the occasion of any type of abuse.
No Expiration, No Spread Widening, No Commissions and No Hidden Fees.
100% Shariah Compliant. OPEN ACCOUNT
Account Features at a Glance
- No curiosity/swap prices on in a single day positions
- No unfold widening
- No up-front commissions
- Positions may be held with no time restrict
- No re-quotes, no hidden prices
- Leverage as much as 30:1
- 100% real-time market execution
- Same buying and selling situations as for our buying and selling account varieties
- Free and on the spot entry to all buying and selling platforms
- 24/5 devoted help out of your Client Account Manager
The XM forex Islamic accounts differ significantly from these usually provided by different foreign exchange brokers. The distinction lies in the truth that in contrast to most foreign exchange firms who substitute further charges by widening the unfold on Islamic accounts, XM imposes no further prices.
In order to abide by the non secular legislation of Islam, merchants of Islamic perception are forbidden to pay curiosity. However, if the curiosity cost is transferred to a distinct kind of payment, it’s principally nonetheless a cost that covers the curiosity. This can be identified by the identify of swap-free in disguise. XM is firmly in opposition to such practices because it opposes to honest and moral buying and selling situations.