One segment, read end to end

Swap-free accounts: the one line that is removed, and everything that is not (Pakistan)

This handbook covers a single subject: the swap-free (Islamic) account. One charge on it works differently from a normal account — the overnight swap, the interest applied when a position is carried past the daily rollover. Everything else about the account is unchanged, and most of the confusion around the option comes from assuming otherwise. Read here who the option fits, where it reaches, what it costs, and how the status is set.

Start with the four questions Open a free demo at Exness

An independent guide, written about the broker rather than for it: nothing here is said on its behalf, and the accounts, the orders and the money itself sit on exness.com. CFDs are complex instruments, trading is risky and may not be suitable for everyone.

The four questions

What the segment actually asks, and where each answer lives

Four questions cover nearly every arrival. They are answered in different places, and mixing them is why the subject feels larger than it is.

Does the option fit what I do?

Swap only exists on positions carried past the rollover. If trades are opened and closed inside a day, the removed line was never being charged, and the status changes nothing about the cost. The option earns its keep on holds that last nights.

Check the preconditions

What exactly changes?

One line: the overnight swap is not applied on eligible instruments. The spread stays on every trade, the commission stays on the types that charge one, and a fixed administration fee can appear on some instruments after several days.

Which instruments does it reach?

Eligibility is decided instrument by instrument — major forex pairs and gold are the usual examples — not account by account. Exness lists more than 100 instruments in total, and «available to trade» is not the same test as «eligible».

How does an account get the status?

Swap-free is offered on qualifying account types and can be set at account opening or afterwards in the Personal Area. It is a setting on an account, so it is confirmed there rather than inferred from an empty column on a chart.

Find the carrier

Who arrives here

Three people, one search, three different needs

The same phrase is typed by readers who want quite different things. Recognising which one you are shortens everything that follows.

The one who has already decided. The interest question is settled for them, and what is left is mechanical: which account type qualifies, where the setting lives, how to confirm it afterwards. They need a form and a screen, not an argument.

The one who is still weighing it. They want to know what the arrangement actually is before deciding anything — what «swap-free» covers, what it plainly does not, and who is entitled to answer the wider question. For them the honest note further down matters more than the sequence.

The one who came after a statement. A charge appeared that was not expected, and the account was supposed to be swap-free. That reader needs a way to tell one line from another, which is a different job again.

All three end up asking about the same single line — and one of them is asking about a line that turns out not to be swap at all.

The test that decides

How long is the hold meant to be?

Everything on this site turns on one question that the reader answers, not the broker: how many nights is the position meant to stay open?

A position closed the same day never reaches the rollover, so it never meets a swap line at all. A position held for two or three nights meets it once per night on a normal account, and on a swap-free account it does not meet it on eligible instruments. A position held for a week or more is where the fourth line matters: the fixed administration fee that some instruments carry after several days.

Answering this before choosing an account type costs nothing and settles a great deal. It decides whether the status is a genuine difference or a label with no effect on your statement, and it takes no screen and no deposit to answer.

What the option does not settle

The swap-free arrangement is narrow on purpose, and four limits follow from that. They matter more than anything above.

It is not a ruling. Whether forex or CFD trading is permissible is a personal and scholarly question. Exness simply provides the swap-free option; many traders take the wider question to a qualified scholar, and this handbook takes no position on it.
It does not reduce risk. Removing an interest line changes the cost of carrying a position, not the chance of being wrong about it. Many people lose money when they start trading.
It does not make every instrument eligible. Eligibility is decided per instrument, and an instrument you can trade may not be one the removal covers.
There is a floor, and it belongs to the account. Negative Balance Protection stops the account at zero, so a loss is limited to the funds placed in it — it caps how far down an account can go, not how likely that is.

Read next in this order: the limits of what a swap-free hold protects, the vocabulary, then a procedure that costs nothing to run.

Where to go next

Pick by what you came for

Already decided

Straight to the mechanics: the carrier, the field, the confirmation.

Go to the form

Still weighing it

Short answers grouped by stage, from deciding to reading a statement.

Open the FAQ

Came after a charge

Telling one line from another before asking anybody about it.

What this handbook covers, and the ruling it never gives

The one part of this that can be rehearsed

Definitions are read and eligibility is confirmed with the broker. Only one thing here can be practised: holding a position past the rollover and reading what the statement says afterwards. On a demo that runs on virtual money, with no time limit, until the shape of the statement is familiar.

Open a free demo at Exness