Why Choose Exness?
Traders in the MENA region, including Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, Mauritania, and the United Arab Emirates, prefer Exness. This broker’s reputation is based on trust, regulatory compliance, and ethical trading practices. Exness operates under regulations from multiple international financial authorities, giving traders confidence in the security of their funds and the fairness of their trading environment.
Exness is regulated by leading financial bodies such as the Cyprus Securities and Exchange Commission (CySEC), the UK’s Financial Conduct Authority (FCA), and South Africa’s Financial Sector Conduct Authority (FSCA). These regulatory bodies enforce strict standards, including the segregation of client funds, regular audits, and sufficient capital reserves to protect traders.
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
One of the standout features of Exness is its offering of Islamic accounts, fully compliant with Shariah law. These accounts are specifically designed for Muslim traders who wish to engage in trading activities without violating their religious principles. Islamic accounts eliminate swap fees, meaning no interest is charged on overnight positions, aligning with the prohibition of riba in Islam.
Exness Islamic accounts provide the same benefits as standard accounts but with the added assurance that all trading activities are halal. These accounts are easily accessible to traders across the MENA region, including Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, Mauritania, and the United Arab Emirates.
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 provides several trading platforms designed for MENA region traders. Whether you’re new or experienced, Exness offers the tools and resources needed for successful trading.
- MetaTrader 4 (MT4): The broker offers MT4, a globally popular trading platform. MT4 provides advanced charting tools, automated trading, and a user-friendly interface. The platform fully supports Islamic accounts, ensuring compliance with Shariah law.
- MetaTrader 5 (MT5): The broker offers MT5, which builds on MT4’s features. MT5 includes more timeframes, advanced charts, and extra 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 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. 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 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: Click “Open Account” or “Register.” Enter your email, password, and country. Choose the account type you want.
- Verify Your Identity: Upload a photo of your ID and proof of address. Wait for an email confirming your account verification.
- 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 use Jumhouria Bank and Wahda Bank for local bank transfers. They prefer e-wallets like Skrill, Neteller, and Mobily for mobile payments.
- Morocco (MA): Moroccan traders use Attijariwafa Bank and Banque Populaire for bank transfers. They also use e-wallets like Skrill, Neteller, and Cash Plus for quick transactions.
- Oman (OM): Omani traders rely on Bank Muscat and Oman Arab Bank for local transfers. They use Thawani, Skrill, and Neteller for Shariah-compliant e-wallet transactions.
- Qatar (QA): Qatari traders use Qatar National Bank (QNB) and Doha Bank for transfers. They manage funds with Ooredoo Mobile Money, Skrill, Neteller, and QPay.
- Saudi Arabia (SA): Saudi traders use Al Rajhi Bank and Saudi National Bank (SNB) for transfers. They use STC Pay, Skrill, Neteller, and Saudi Payments (Mada) for halal transactions.
- Tunisia (TN): Tunisian traders use Banque Internationale Arabe de Tunisie (BIAT) and Attijari Bank for transfers. They prefer e-wallets like Skrill, Neteller, and D17 for compliant transactions.
- Mauritania (MR): Traders in Mauritania use local bank transfers through Banque Centrale de Mauritanie (BCM) and Banque pour le Commerce et l’Investissement Mauritanien (BCIM). They also rely on e-wallets like Skrill and Neteller for secure and efficient transactions.
- United Arab Emirates (UAE): Traders in the UAE use Emirates NBD and Abu Dhabi Commercial Bank (ADCB) for transfers. They also use Visa, MasterCard, PayBy, Skrill, Neteller, and FAB ePay for secure payments.
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
The broker offers 24/7 customer support in multiple languages, including Arabic. Traders from Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, Mauritania, and the United Arab Emirates can access assistance in their native language. The support team is well-trained to handle all trading inquiries. Whether you need help with account setup, platform navigation, or other trading issues, Exness provides support in Arabic to ensure clear and effective communication.
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:
- Exness in Algeria
- Exness in Bahrain
- Exness in Egypt
- Exness in Jordan
- Exness in Kuwait
- Exness in Lebanon
- Exness in Libya
- Exness in Morocco
- Exness in Oman
- Exness in Qatar
- Exness in Saudi Arabia
- Exness in Tunisia
- Exness in Mauritania
- Exness in United Arab Emirates
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.