Why Choose Exness?
Exness is a preferred choice of traders in 14 countries in the MENA region including Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, Mauritania, and the United Arab Emirates. Trust, compliance, and ethics are the basis of this broker’s reputation. As we noted earlier, Exness is regulated by multiple international financial bodies, allowing traders to trust the safety of their funds and the integrity of their trading environment.
Top-tier regulatory agencies including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) of the UK; and the Financial Sector Conduct Authority (FSCA) of South Africa govern Exness. They impose strict standards such as the segregation of client funds, regular audits, and sufficient capital reserves to ensure that traders are protected.
For Muslim traders, Exness’s rigorous oversight is especially important. The broker complies with international financial laws and aligns its practices with the ethical standards of Islamic finance. This alignment is crucial in the MENA region, where financial products often need to adhere to Shariah law.
Exness Islamic Accounts
Exness Islamic Accounts Shariah Compliant Exness is also known for its Islamic accounts fully compliant with the Shariah. Islamic trading accounts are used by Muslim traders who want to trade legally and follow the principles of their faith. Islamic accounts omit the swap fee, so there is no overnight interest charged which adheres to the ban of riba in Islam.
The Exness Islamic accounts carry the same advantages as regular accounts, but you can rest assured that all trading activities are halal. Traders from countries such as Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, Mauritania, and the United Arab Emirates can easily access these accounts.
Key Features of Islamic Accounts:
- fully compliant with Shariah law;
- specifically designed for Muslim traders;
- eliminate swap fees (no interest charged on overnight positions);
- provide the same benefits as standard accounts;
- ensure that all trading activities are halal;
- available to traders across the MENA region.
Halal Trading Conditions
Exness ensures that its trading conditions align with Islamic principles, offering Muslim traders a truly halal trading experience. This includes transparent pricing, no hidden fees, and ethical practices consistent with Shariah law.
In the MENA region, Exness’s commitment to halal trading is vital. Traders can confidently engage in the markets, knowing that Exness respects and upholds their religious values.
Exness Trading Platforms
Exness offers a range of trading platforms tailored to traders in the MENA region. We provide you with the necessary tools which you can utilize to start a project finally or continue with them (If you are in our mentoring program).
- MetaTrader 4 (MT4): The broker provides access to MT4, a widely used trading platform worldwide. MT4 offers an intuitive interface, advanced charting features, and automated trading. All the features on the platform are in line with Shariah law, making it Islamic account friendly.
- MetaTrader 5 (MT5): The broker provides MT5, an additional increase from MT4’s functionality. MT5 has more time frames, advanced charts, and additional order types. It supports a wider range of assets, ideal for complex trading strategies. MT5 also fully supports Islamic accounts.
- Exness Mobile App: The broker provides a mobile app for iOS and Android. The app lets traders manage accounts and trade on the go. It is designed for convenience, helping MENA traders manage portfolios while following halal trading practices.
- Web Terminal: The broker offers a Exness Web Terminal that provides quick market access without software downloads. The terminal delivers the same features as desktop and mobile platforms, perfect for traders who need fast access.
Exness Account Types
The broker offers different account types to meet the needs of traders in the MENA region. Including a demo account Exness, where you can try out your trading capabilities. You can convert all account types into Islamic (swap-free) accounts, ensuring halal trading for Muslim traders.
What is an Islamic Account?
An Islamic account follows Shariah law, which forbids interest (riba). In standard forex and CFD accounts, traders pay swap fees for holding positions overnight. Islamic accounts remove these fees, letting Muslim traders participate without breaking religious rules.
Exness Islamic Options
The broker provides Islamic versions of all account types, including Exness Standard, Pro, Raw Spread, and Zero accounts. This ensures your trading stays compliant with Islamic principles.
| Parameter | Standard Account | Pro Account | Raw Spread Account | Zero Account |
|---|---|---|---|---|
| Spreads | From 0.3 pips | From 0.1 pips | From 0.0 pips | From 0.0 pips |
| Commission | No | No | $3.50 per lot/side | $3.50 per lot/side |
| Minimum Deposit | $1 | $200 | $200 | $200 |
| Leverage | Up to 1:unlimited | Up to 1:unlimited | Up to 1:unlimited | Up to 1:unlimited |
| Islamic (Swap-Free) Availability | Yes | Yes | Yes | Yes |
How to Choose the Right Account
Choosing the right account type is important, especially if you follow Islamic principles. Consider these factors:
- Trading Style: Decide if you want a commission-free account with wider spreads (Standard) or an account with tighter spreads and commissions (Raw Spread or Zero).
- Experience Level: If you’re new, choose the Standard account for simplicity. If you’re experienced, go for Pro or Raw Spread for advanced features.
- Islamic Compliance: Make sure your chosen account can be converted to an Islamic account. Exness offers this option for all account types.
How to Register an Islamic Account at Exness
Registering an Islamic account with Exness is easy. During registration, select the Islamic (swap-free) account option. If you have a standard account, contact Exness customer support to convert it. The support team will help adjust the account to comply with Shariah law.
- Visit the Exness Website: Go to the website to start the registration process.
- Create an Account: Create an account in Exness. If you already have an account, log in to your account Exness.
- Verify Your Identity: Upload a photo of your ID and proof of address. Wait for an email confirming your account verification in Exness.
- Choose the Islamic (Swap-Free) Option: Log in to your account. Go to settings and select the option to make your account Islamic (swap-free).
- Contact Customer Support (if needed): If you can’t find the Islamic option, reach out to customer support. They will help you switch to a swap-free account.
- Confirm Islamic Account Status: Check your settings to ensure the swap-free status is active.
- Start Trading: Begin trading with your Islamic account, ensuring it follows Shariah law.
- Monitor Your Account: Regularly check your account to ensure it stays compliant. Contact support if you have any questions.
Islamic Finance and Compliance
Traders in the MENA region prioritize adherence to Islamic finance, guided by Shariah law. This law prohibits interest (riba) and unethical practices. Exness understands and respects these principles.
- Exness’s Shariah Compliance:
Exness offers Islamic accounts to ensure compliance with Shariah law. These accounts eliminate haram (forbidden) elements like interest charges. The broker provides swap-free accounts, allowing Muslim traders to trade without compromising their beliefs.
- Ethical Trading Practices:
Exness maintains ethical trading by ensuring transparent pricing, fair trade execution, and a secure environment. These practices align with Islamic finance principles, which focus on justice, transparency, and harm avoidance.
- Halal Trading with Exness:
The broker commits to halal trading by offering swap-free accounts and adhering to Islamic ethical standards. The broker avoids deceptive practices and treats all clients fairly. This integrity has earned Exness the trust of MENA traders.
- Fatwa and Islamic Certifications:
Exness consults Islamic scholars and institutions to validate its Shariah compliance. The broker obtains fatwas or certifications to confirm the halal nature of its services, reassuring Muslim traders of its commitment.
- Ongoing Compliance:
Exness works with Islamic finance experts to ensure its products and services remain Shariah-compliant. The broker’s commitment to Islamic law is strong and continuous.
Exness Deposits and Withdrawals
The broker offers a variety of deposit and withdrawal methods to meet the needs of its global clients. The platform supports several payment options:
- Bank Transfers: You can use local and international bank transfers to move money directly between your bank and your account.
- Credit/Debit Cards: The broker accepts Visa, MasterCard, and other major credit and debit cards.
- E-Wallets: You can use Skrill, Neteller, WebMoney, Perfect Money, and other popular e-wallet services.
Exness does not charge any internal fees for deposits or withdrawals, helping traders manage their funds more effectively. These features are particularly attractive to those who value speed and security in their transactions.
Local and Halal Payment Methods
Exness offers local payment options in the MENA region. Traders can deposit and withdraw funds securely. The broker chooses these methods to align with Islamic principles. Muslim traders can manage their accounts while following their beliefs. Exness ensures transparency in transactions. The platform has no hidden fees. This approach supports the ethical standards of Islamic finance.
Country-Specific Payment Methods:
- Algeria (DZ): Traders in Algeria use local bank transfers via Banque Extérieure d’Algérie (BEA) and Banque Nationale d’Algérie (BNA). They also use e-wallets like Skrill and Neteller.
- Bahrain (BH): Traders in Bahrain deposit and withdraw funds using Ahli United Bank and National Bank of Bahrain (NBB). They also use e-wallets like BenefitPay, Skrill, and Neteller. Some traders use Bahrain Financing Company (BFC) for secure transfers.
- Egypt (EG): Egyptian traders rely on National Bank of Egypt (NBE) and Banque Misr for local bank transfers. They use Meeza Card, Fawry, Skrill, Neteller, and sometimes Masary or Aman for e-wallet transactions.
- Jordan (JO): Jordanian traders use Arab Bank and Jordan Kuwait Bank for local bank transfers. They also use JoMoPay, Skrill, and Neteller. Many traders prefer Dinarak as a local mobile wallet.
- Kuwait (KW): Kuwaiti traders use National Bank of Kuwait (NBK) and Kuwait Finance House (KFH) for bank transfers. They also use KNET, Skrill, and Neteller for secure transactions.
- Lebanon (LB): Lebanese traders use Bank Audi and Blom Bank for local transfers. They manage funds with Skrill, Neteller, and OMT (Online Money Transfer).
- Libya (LY): Libyan traders typically handle their local bank transfers through Jumhouria Bank and Wahda Bank. Mobile payments are mostly made with the help of e-wallets such as Skrill, Neteller, or Mobily.
- Morocco (MA): Bank transfers are made by merchants using Attijariwafa Bank and Banque Populaire. They tend to have quick transactions with Skrill, Neteller and Cash Plus e-wallets as well.
- Oman (OM): Omani traders use Bank Muscat and Oman Arab Bank for local transfers. Shariah compliant e-wallet transactions are done via Thawani, Skrill and Neteller.
- Qatar (QA): Qatar National Bank (QNB) and Doha Bank are used for Qatari traders transfers They handle funds with Ooredoo Mobile Money, Skrill, Neteller, and QPay.
- Saudi Arabia (SA): Saudi traders use Al Rajhi Bank and Saudi National Bank (SNB) for the transfers. For halal transactions, they utilize STC Pay, Skrill, Neteller, and Saudi Payments (Mada).
- Tunisia (TN): Most of their traders use Banque Internationale Arabe de Tunisie (BIAT) and Attijari Bank for transfer. For compliant transactions, they opt for (e-wallets) like Neteller, Skrill, and D17.
- Mauritania (MR): Traders utilize local bank transfers through BCM/BCIM. Furthermore, they have e-wallets such as Skrill and Neteller when it comes to financial statements, which are secure and efficient as well.
- United Arab Emirates (UAE): UAE traders use Emirates NBD or Abu Dhabi Commercial Bank (ADCB) for transfers. Secure payments using Visa, MasterCard, PayBy, Skrill, Neteller, and FAB ePay are also accepted.
Instant and Fee-Free Withdrawals
Exness offers an instant withdrawal process. Traders can access their funds quickly. Traders do not incur additional fees. This feature gives traders full control over their money. Muslim traders appreciate the transparency and efficiency of this feature. The broker enhances its appeal as a halal broker by providing fee-free withdrawals.
Exness Customer Support
Arabic-speaking clients can also receive 24/7 support from the broker. Help in their native language is available to traders from Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, Mauritania and the United Arab Emirates. They are trained to deal with all trading-related questions. Exness offers support in Arabic, which helps to ensure clear and effective communication for those who require assistance with account setup, navigating the platform, and other trading issues.
Open an Islamic Account Today
Exness offers a solution for Muslim traders in the MENA region. The broker provides Islamic accounts that comply with Shariah law. Exness ensures a secure and halal-compliant trading environment. The broker follows ethical trading practices and maintains a robust regulatory framework. Traders can sign up for an Islamic account today and trade with confidence.
Below is a list of how Exness operates in various countries across the MENA region:
FAQs: Exness
Is Exness halal?
Exness is halal. The broker provides Islamic accounts that comply with Shariah law. These accounts exclude interest (riba) and other haram elements. The broker ensures that its trading practices align with Islamic principles.