XM Boasts Competitive Islamic Accounts With No Spread-Widening or Extra Charge

February 20, 2023, Limassol. Industry-leading broker XM has established a solid presence in the Middle East and North Africa over the last decade, boasting competitive Islamic accounts, to accommodate the religious and cultural needs of traders in the region.

The Islamic Sharia law prohibits the accumulation of interest, so Muslim traders require swap-free accounts, where they don’t need to pay or earn swaps.

As a global broker with clients from over 190 countries, XM has mastered localising its products and services, to cater to the different needs of clients around the world.

As such, XM Islamic accounts are fully optimised to offer swap-free trading, without changing any other conditions. This gives the account holder equal opportunities, to trade with tight spreads, flexible leverage, and no additional charges.

XM upholds a strict, ethical responsibility to remain transparent with no hidden terms or conditions. This applies to swap-free accounts, so traders know exactly what to expect, and can have complete peace of mind that their account is truly and permanently Islamic.

The process is user-friendly – all that’s required is to open and verify a live trading account, which takes no more than a few minutes. Once the account is verified, traders can swiftly request swap-free status through the Members Area.

Islamic status can be applied to all offered account types, and used on any of the trading platforms, including the award-winning XM app. This allows traders to benefit from the low spreads of an Ultra-Low account, while also enjoying the margin trading bonuses of a Standard account.

XM is also well-known for its extensive educational resources including webinars, video tutorials, articles, analyses, and daily live education. Together with the company’s excellent customer care team, they create a solid foundation for traders to elevate their skills and take full advantage of their Islamic accounts.

Muslim traders are welcome to open an Islamic account with XM at any time.

About XM

XM is an internationally established trading and investment firm, with over 5 million clients, from over 190 countries. Armed with multiple international licenses, XM offers competitive services for retail traders, investors, and affiliates.

Since 2009, XM has proven to be fair, trustworthy, and dependable. Traders can access over 1,000 instruments on more than 10 platforms, including the XM app. The award-winning broker is known for low-cost accounts, exciting promotions, excellent support, and outstanding live education.

Risk warning:

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