Opening an Islamic Account with XM
Learn how to open an Islamic account with XM, its features and benefits, and how to start halal trading without interest charges in a professional and secure environment.
For traders seeking to participate in financial markets in full compliance with Islamic Sharia, the XM Islamic Account is an ideal choice. It provides a swap-free trading environment, free from interest charges, while maintaining all the professional features essential for successful trading.
What is the XM Islamic Account?
The Islamic Account is a special type of trading account offered by XM, specifically designed for Muslim traders who wish to adhere to Sharia principles. This account type removes all overnight interest charges on open positions, making it completely free from riba.
Advantages of the XM Islamic Account
When you open an Islamic account with XM, you gain access to a secure and transparent trading environment, along with numerous benefits:
1.Full compliance with Islamic Sharia – no overnight interest charges or hidden fees that conflict with Sharia law.
2. Access to over 1,000 financial instruments – including currencies, indices, commodities, and metals.
3. Flexible leverage up to 1:1000 depending on account type.
4. Competitive spreads starting from 0.0 pips on selected account types.
5. 24/5 multilingual customer support in 30 languages, including Arabic.
6. Fast trade execution in under one second, ensuring optimal entry and exit prices.
Steps to Open an Islamic Account with XM
1. Register on the official XM website and complete your personal information accurately.
2. Select your preferred account type – Micro, Standard, or XM Ultra Low.
3. Upload the required documents – such as a national ID or passport, and a utility bill to verify your address.
4. Activate your account – you will receive an email to confirm activation.
5. Log in to the members’ area through the official link where you can request to convert your account into an Islamic (swap-free) account,
From here
6. Your request will be processed by the relevant department within 24 business hours, and you will be notified of the outcome by email.
7. Make a deposit using the available payment methods and begin your halal trading journey.
Benefits of the Islamic Account in XM
1. Sharia compliance and peace of mind: Trade knowing your transactions are free from prohibited interest.
2. Trading flexibility: Enjoy the same features as standard accounts but without overnight charges.
3. Dedicated professional support: A specialised support team to assist with any Islamic account inquiries.
Deposit and Withdrawal Methods for the Islamic Account
XM supports a variety of fast and secure deposit and withdrawal methods, including:
• Bank transfers
• Credit and debit cards
• E-wallets such as Skrill and Neteller
• Cryptocurrencies
• Local deposit services
Opening an Islamic account with XM is an excellent step for anyone looking to combine profitable trading opportunities with adherence to Islamic principles. With a professional trading environment, exceptional support services, and a wide range of financial instruments, you can move forward confidently toward your investment goals, open your trading account now.
