--- title: 'How to Trade Forex Without Swap (Interest) – Step-by-Step Guide' source: 'https://youtube.com/watch?v=6Yr8q3KJVi4' video_id: '6Yr8q3KJVi4' date: 2026-08-17 duration_sec: 345 channel: 'Meet Mughals' --- # How to Trade Forex Without Swap (Interest) – Step-by-Step Guide > Source: [How to Trade Forex Without Swap (Interest) – Step-by-Step Guide](https://youtube.com/watch?v=6Yr8q3KJVi4) ## Summary This video explains how to avoid swap (interest) charges in Forex trading by using swap-free or Islamic accounts. The presenter recommends two brokers, XNS and XM, and provides practical steps for setting up Islamic accounts on both platforms. ### Key Points - **Swap is interest** [00:04] — The presenter states that swap charges in Forex trading are a form of interest, which they consider unfavorable. - **Choosing a broker** [00:29] — The presenter recommends choosing a reliable broker and mentions XNS and XM as top-tier options, with links in the description. - **XM bonus and XNS safety** [01:08] — XM offers a $50 bonus for low-budget traders, while XNS is recommended for those prioritizing safety and security. - **XNS automatic swap-free** [01:34] — Creating an XNS account with an Emirates ID automatically makes it swap-free, with no additional settings required. - **Islamic account for non-Islamic countries** [02:04] — For viewers in non-Islamic countries like Australia and UK, the presenter suggests creating an account using Pakistani details to get an Islamic account. - **XM Islamic account setting** [02:45] — XM requires a manual setting to convert to an Islamic account, which the presenter demonstrates practically. - **Practical steps for XM** [03:24] — After creating and verifying an XM account, go to settings, select the Islamic Account option, check the green box, and click request. Conversion takes 15-20 minutes or up to 24 hours. - **Verifying conversion** [05:28] — After conversion, the Islamic account status is visible in the app, and the presenter confirms it by checking the legal documents section. ### Conclusion To avoid swap charges, use swap-free accounts. XNS offers automatic conversion, while XM requires a simple manual setting. The video provides practical steps for both brokers. ## Transcript Thank you very much for your feedback. Sir, a frequently asked question is when we trade forex, we are charged swap. Is wrong. But if you look at my perspective, I do n't think swap is good. This is a kind of interest. Now the next question that comes to people is that Sir, if we want to do Forex trading then how can we do Forex trading without interest ? Brother, its operation is very easy. In today's video I will also show you practically. If you follow those steps, swap will not be charged on any of your trades. Look brother, whenever it comes to trading, Forex trading, first of all we have to choose a broker. And I always recommend you to choose a broker who is reliable and will next question of many people is that Sir, more than one brokers. I am not taking anyone's side. You can create an account on XNS. So you can create an account on XM. Understand that there are only a few top tier brokers who have good reports in the market. Here sir we should pick up Christmas. XM brother, this is totally your decision. Many people have low budget, for example, if someone has $, then if you create an account on XM, you get $50. They give a $50 bonus. There are a lot of bonuses on XM. But if you do not have budget tension and you want to play safely and securely then you can play on Bhai XS. XNS is also a top tier broker. The choice is yours whichever Links to both are in the description. You can sign up for an account. Now let's come to our main issue that how does Sir Swap Free work. Look brother, let's first talk about XNS. XNS is such a good broker that the best thing about it is that Bhaijaan as soon as you sign up an account of XNS in any Islamic I create my XNS account using Emirates ID. It automatically becomes a swap free account. I don't have to do any settings , no tinkering. It is a very easy job. Now Islamic countries, whichever country you are watching this from. Now many of my friends will be watching from Australia and UK who do not live in an Islamic country. I would recommend them to create an account on Pakistani details. If you create an account from a country which is an start trading. Now if you do not know trading then you can join our premium signal group and do trading. If you want to learn, there is a webinar every Wednesday. The strip is running below. Join the webinar. If you want to do a proper course, then that too is a free course which is held twice a month. The link to that course you will find all the sessions. Does n't go into much detail. Now let's come to XNS, I You are swap free. Now let's come to XM. You have to do a small setting on XM and that too is not a very big one. Even a clumsy guy like me can do that work. How to set it? When your account is created. How to How to make XNS Pay? I have already made the video. Videos of both are Created an account. After creating the account, the first thing you have to do, which I did, is to first thing you have to do, which I did, is to is no Islamic account option on XNS. Because it automatically becomes a swap free account. They have set their settings by default. But if you are an XM user and you create an account and start trading, you will be charged swap. Swap means interest will be charged. So please, you have to avoid this. First of all you have to create an XM account. That has to be verified. After verification, you go to settings and the option of Islamic account appears. Now I will show you how to do it practically. You have to do that work. After doing that work you can trade openly. How to trade now? Just a while ago I told you that you can join our community. You can join our free course. You can join our webinar which happens weekly. that Sir, should I do Forex, Crypto, E-commerce, what should I do? Nowadays many children are free after giving exams or you are doing a job and want to start something part time, then Bhaijaan you can take one to one consultancy from me, free of cost, your meeting with me will be on Zoom, it will be a 15 minute meeting, free link to book an appointment is also in the description, that is why I am saying again and again that if you treasure, so watching the description is a must, if you like the video then share it with others, you can ask any question in the comment section also, Insha Allah I will due to shortage of time, comments are often missed. That's why I have also conducted a free question answer session for you people. Our WhatsApp community is also You can answer questions there also. Hope you understand things. me tell you some practical steps as to how you have to go to the Islamic account of XM and convert it to Islamic account. Yes, we have come on screen. Here you have to open the XM app. As soon as you open the app, a dashboard like this will be shown in front of you [nasal sound]. will be. Obviously, when you make your first deposit, you will get Rs 150 instead of Rs 100. But there This profile icon is present on the top right side. We will click on this on the top right corner. This screen will appear in front of us. Now here we will come to the settings. Here you can see that the we will come to the settings. Here you can see that the you click on Islamic Account, a You have to check this green box and then click on request. It usually takes 15 to 20 minutes. But sometime they ask for that 24 hours time. You have to wait. As soon as you receive the confirmation email or message that your Islamic account has been converted, then long live Bhaijaan. You can trade. Now let us see how to check whether your account has been converted to Islamic. When your look here, there is nothing below the legal documents. Now it is being written because it has already become Islamic. Hope you understand things. You meet you in the next video. Till then take great care of yourself.