Exness Swap-Free (Islamic) Account — a Setting, Not a Product (Jordan)

In retail banking an interest-free offering is a product of its own, with its own agreement and its own application. Here it is an option applied to a qualifying trading account.

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100+ instruments · Founded 2008

In retail banking an interest-free offering is normally a product in its own right: a different agreement, a different application, sometimes a different counter. Swap-free at Exness is not that. It is an option applied to an account that already exists on a qualifying type — the same account, the same platform, the same instrument specifications — and what it reaches is one component of cost: the swap charged or paid on positions held past the daily rollover, which is the interest (riba) element that traders avoiding it are concerned with.

Which layer the swap-free option actually touches

Swap-free is applied to a qualifying account type; it is set while the account is being opened, or later in the Personal Area.
It removes the overnight swap on eligible instruments held past the daily rollover — that component of cost, and nothing else.
Eligibility is read at the instrument level: major forex pairs and gold are among the eligible ones.
Some instruments may carry a fixed administration fee in place of swap after several days.
The price of trading is untouched: what sits inside the quote and what is stated per lot stay as they were.
The account keeps its type, its number and its platforms — MT4, MT5, the Exness Terminal and the app.
Whether trading itself is permissible is a question a reader settles with their own advisers, not one a broker or a website answers.

Which layer decides what

Layer	What it decides	Changed by the swap-free option
Account type	Whether the option can be applied at all	No — the type stays what it was
Instrument specification	Which symbols are eligible	No — eligibility is read from the instrument
Overnight cost	Swap charged or paid past the daily rollover	Yes — not applied on eligible instruments
Quote and per-lot charge	The cost of opening and closing	No
Platform	Where the account is used	No

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A product line and a setting are answered by different questions

Someone arriving from a bank expects a checklist: a separate agreement to sign, a separate application to file, possibly a separate counter to speak to. None of those steps exists here, because nothing separate is being created. The option is recorded against a qualifying account, at opening or afterwards in the Personal Area.

So the useful question is not how to switch products. It is which layer the setting is written on — and it is written on the account, above the specification of the instrument being traded.

Eligibility is read from the instrument, not from the account

The account records that the option applies. Whether it applies to a given position is then read from the instrument itself: major forex pairs and gold are among the eligible ones, and some instruments may carry a fixed administration fee in place of swap once a position has been held for several days.

A banking product does not work this way, because a product decides everything inside itself. Here two layers have to agree before an overnight position carries no swap, and only one of the two is chosen by the account holder.

Why the price of trading is the wrong place to look for it

Swap is a cost of time rather than a cost of trading. It appears because a position was still open when the daily rollover passed, and it is counted per night. What happens at the moment of opening and closing — the spread inside the quote, the commission stated per lot — belongs to a different part of the account.

Reading those two as one charge is the most common banking-shaped mistake on this subject. A statement puts every charge in a single column; a trading account keeps a cost of entry and a cost of duration in separate places, and the swap-free option speaks to one of them only.

The line this page does not cross

Whether trading is permissible at all is a separate matter from how a swap line is calculated, and it is settled by the reader with the people they take such questions to. What can be described here is mechanical: where the option is recorded, which layer decides eligibility, and which component of cost it addresses.

Frequently asked questions

Is swap-free a different type of account?

No. It is an option applied to a qualifying account type, and the type itself does not change when the option is on.

Does turning it on require a new account or a new agreement?

No. It is set while the account is being opened, or afterwards in the Personal Area, against the account that already exists.

Which layer decides whether an instrument is eligible?

The specification of the instrument. Major forex pairs and gold are among the eligible ones, and eligibility is read per symbol rather than declared once for the whole account.

Does the cost of opening and closing a position change?

No. What sits inside the quote and what is stated per lot stay as they are; the option addresses the overnight component only.

Is there a separate counter or department for swap-free accounts?

No. There is no separate product to administer, so the option lives in the same account area as the rest of the account settings.

Does this page say whether trading is permissible?

No. That question belongs with the reader and their own advisers. What is described here is where the option is recorded and which component of cost it addresses.