XTB Islamic Account Review
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 for eligible clients XTB offers 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, who can open one, what XTB does and does not publish about its conditions, and how to set it up.
69-80% of retail investor accounts lose money when trading CFDs with this provider.
Terms and conditions apply. Subject to regional availability.
Understanding Islamic Trading Accounts
In standard forex and CFD accounts, positions held overnight are charged or credited a swap, which is based on interest rate differences. Islamic finance prohibits paying or receiving interest (riba), so many Muslim traders look for Islamic accounts that remove swaps altogether.
Brokers recover the lost swap income in different ways, such as wider spreads, admin fees after a set number of days, or limits on which instruments are covered. Understanding which approach a broker uses matters as much as the swap-free label itself. Whether leveraged CFD trading is acceptable more broadly is a question scholars answer differently, which our article on whether forex trading is halal explains in more detail.
How the XTB Swap-free Account Works
XTB offers its swap-free account to eligible clients under its internal policy, through some of its entities, including XTB International, XTB Financial Consultations and XTB MENA. It is not available everywhere XTB operates. If you are eligible, the swap-free option appears during registration.
| Spreads | From 0.7 pips on major forex pairs, slightly wider than the Standard account |
| Commission | None on CFD trading |
| Minimum deposit | No minimum |
| Coverage | Available for specific periods and not all products, according to XTB; details not published |
| 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 |
What XTB Does Not Publish
XTB states that its swap-free accounts are available for specific periods and do not cover all products. When we asked, XTB's support could not confirm which instruments qualify, how many days positions can stay swap-free, or whether a swap, administration fee or other charge applies afterwards.
In practice, this means you should not assume the account is free of holding charges indefinitely. If you plan to hold positions for longer than a few days, ask XTB for the current terms for your instruments before trading.
Pros of the XTB Islamic Account
- No swaps on eligible positions: Swaps are removed within the periods and products XTB covers.
- No commission and no minimum deposit: CFD trading is commission free, with spreads from 0.7 pips on major pairs.
- xStation 5: XTB's own platform is available on web, desktop and mobile and is known for fast execution.
- Listed company: XTB is listed on the Warsaw Stock Exchange, which requires regular public reporting.
Cons of the XTB Islamic Account
- Least documented conditions: Covered instruments, swap-free periods and any charges afterwards are not published.
- Limited availability: The account is only offered to eligible clients through certain XTB entities.
- No conversion of existing accounts: You need to choose the swap-free option when opening a new account.
- Slightly wider spreads: Spreads are a little wider than on the Standard account.
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 15 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's swap-free account suits eligible traders who want XTB's xStation 5 platform, commission free pricing and no minimum deposit, from a publicly listed broker.
Its main weakness is transparency. XTB does not publish which instruments are covered, how long positions stay swap-free or what applies afterwards, so it is harder to judge long term costs than at brokers with published terms. If you mainly trade short term, this matters less. If you hold positions for longer, confirm the terms with XTB first, or compare the other options in our guide to the best Islamic forex brokers.
69-80% 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 eligible clients through some of its entities. If you are eligible, the option appears during registration.
XTB does not publish this. It states that swap-free accounts are available for specific periods and not all products, and its support could not confirm what applies after those periods. Spreads on the swap-free account are slightly wider than on the Standard account.
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 published swap-free conditions, Exness states that no charges replace the swap on accounts in eligible Islamic countries, and HFM lists a swap-free days allowance for each instrument. Read our Exness Islamic account review, our HFM Islamic account review, or compare all options in our guide to the best Islamic forex brokers.
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