Islamic accounts (swap-free) are essential for Muslim traders who cannot pay or receive interest (riba). XM offers swap-free accounts upon request for all account types with no additional charges on most major pairs. Exness provides swap-free accounts automatically for eligible countries, with their Standard account being swap-free by default in many Islamic countries. Key difference: XM may apply small administrative charges on exotic pairs held longer than a few days, while Exness maintains true swap-free conditions more broadly. Both brokers are well-suited for halal forex trading.

For the full analysis, see our related comparison.

For the overall picture, check our complete XM vs Exness comparison, which covers regulation, spreads, platforms, and deposits in one place. Also see our beginner's guide if you are just starting out.

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