XTB is a publicly traded global broker known for its own xStation 5 platform, a large range of markets and competitive pricing. Among its clients are many Muslim traders, and through several of its entities XTB offers them a swap-free account, so positions can be held overnight without paying or receiving swaps.
In this XTB Islamic account review, we look at how XTB's swap-free account works, which XTB entities offer it, how long positions stay swap-free, what applies afterwards, and how to set it up.
69-79% of retail investor accounts lose money when trading CFDs with this provider.
Terms and conditions apply. Subject to regional availability.
How XTB's Swap-free Model Compares
On a standard account, positions held overnight are charged or credited a swap based on interest rate differences. Islamic finance prohibits paying or receiving interest (riba), which is why Muslim traders look for Islamic accounts without swaps.
Brokers replace the lost swap income in different ways. Some, like Pepperstone and eToro, charge an admin fee after a few days. Others, like HFM, set a swap-free allowance per instrument. XTB uses a simple time limit: 60 swap-free days with no admin fee, after which the normal swap applies. That makes it one of the easiest models to understand, especially for traders who close positions within two months.
Whether leveraged CFD trading is acceptable more broadly is a question scholars answer differently, which our article on whether forex trading is halal explains.
How the XTB Swap-free Account Works
XTB confirmed to us that its swap-free account is offered through XTB International, XTB Financial Consultations and XTB MENA. It is not available through every XTB entity. If you are eligible, the swap-free option appears during registration, and you do not need to provide any proof or documentation to open the account. However, XTB can revoke swap-free status or close the account if there is evidence of system abuse or abusive trading strategies, or if it becomes clear that the client is not of Islamic faith.
| Spreads | From 0.7 pips on major forex pairs |
| Commission | None on CFD trading |
| Minimum deposit | No minimum |
| Coverage | Most instruments, except some minor forex pairs |
| Swap-free period | 60 days per position, which cannot be extended |
| After 60 days | The standard swap applies, with no administration fees |
| Eligibility | Clients of eligible XTB entities; no proof required |
| Activation | The swap-free option appears during registration if you are eligible |
| Existing accounts | Cannot be converted; a new swap-free account is needed |
| Platform | xStation 5 on web, desktop and mobile |
60 Swap-free Days, Then the Standard Swap
XTB does not publish these conditions on its website, so we asked XTB directly. Its team confirmed to us that each position can stay open for 60 days without swaps, and this period cannot be extended. After 60 days, the standard swap applies to the position, and XTB charges no administration fees on top of it. As these terms come from XTB rather than a published policy, they can change, so it is worth confirming them with XTB before you hold positions for a long time.
In practice, if you open a position on 1 March, it stays swap-free until the end of April. If you keep it open beyond 60 days, it is charged or credited the normal overnight swap from then on, just like a Standard account.
The swap-free account covers most instruments, but not some minor forex pairs. According to XTB, swaps on EURTRY, USDMXN, EURMXN, GBPMXN, EURCNH, USDCNH, EURHUF, USDHUF, CHFHUF and CADMXN are credited or debited daily at midnight based on the daily rate, so check the conditions for these pairs before trading them.
Pros of the XTB Islamic Account
- No administration fees: XTB confirmed that it charges no admin fee in place of swaps, unlike brokers such as Pepperstone and eToro.
- No commission and no minimum deposit: CFD trading is commission free, with spreads from 0.7 pips on major forex pairs.
- xStation 5: XTB's own platform is available on web, desktop and mobile and is known for fast execution.
- No proof required: You do not need to provide documents to open the swap-free account.
- Listed company: XTB is listed on the Warsaw Stock Exchange, which requires regular public reporting.
Cons of the XTB Islamic Account
- 60 day limit: Positions held longer than 60 days pay or receive the standard swap.
- No conversion of existing accounts: You need to choose the swap-free option when opening a new account.
- Some minor pairs excluded: A few minor forex pairs, such as EURTRY and USDMXN, are not covered.
How to Set Up an XTB Islamic Account
- Register: Sign up for a live account on the XTB website with your personal details. During registration, you can enter our XTB referral code XTBWELCOME to get an exclusive interview with a Singapore based professional trader and our education pack.
- Select Swap Free: If you are eligible, choose the "Swap Free" option during the account opening process. If the option does not appear, the account is not available to you.
- Complete the questionnaire: Answer XTB's questions about your income and trading experience, which help it assess whether its products are suitable for you.
- Verify your account: Upload your identity and proof of address documents.
- Fund and trade: Once approved, deposit funds and start trading on xStation 5.
About XTB
XTB has operated for over 20 years and is listed on the Warsaw Stock Exchange. The entities that offer swap-free accounts include XTB International, regulated by the FSC in Belize, and its UAE entities, regulated by the DFSA and the CMA. The protections you receive depend on the XTB entity that holds your account. XTB offers over 12,000 instruments, including CFDs on forex, indices, commodities, stocks, cryptocurrencies and ETFs, plus real stocks and ETFs, all on xStation 5.
Final Verdict
XTB offers one of the clearest swap-free deals we have reviewed. Positions stay swap-free for 60 days, and XTB confirmed that no admin fee is charged in their place, which is not something every broker can say. Add commission free trading, spreads from 0.7 pips on major forex pairs, no minimum deposit and access to over 12,000 instruments on xStation 5, and you have a strong option from a broker listed on the Warsaw Stock Exchange.
The trade off is the 60 day limit. If you usually close positions within two months, it is unlikely to matter, and XTB is a natural choice. If you hold positions for longer, the standard swap applies after day 60, so a broker without a time limit may suit you better. You can compare those in our guide to the best Islamic forex brokers.
69-79% of retail investor accounts lose money when trading CFDs with this provider.
Terms and conditions apply. Subject to regional availability.
Frequently Asked Questions
Yes. XTB offers a swap-free account to Muslim traders through several of its entities. If you are eligible, the option appears during registration, and no proof is required.
No administration fees apply. XTB confirmed that positions stay swap-free for 60 days, after which the standard swap applies with no other fees.
No. Existing standard accounts cannot be converted. You need to open a new account and select the swap-free option during registration.
XTB has no minimum deposit.
If you want to hold positions for longer than 60 days, Exness states that no charges replace the swap on accounts in eligible Islamic countries. Read our Exness Islamic account review, or compare all options in our guide to the best Islamic forex brokers.
60 days. XTB confirmed that the period cannot be extended, and after 60 days the standard swap applies to the position.
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