Status versus account type
Course context: This lesson belongs to a practical beginner curriculum for Pakistan.
| Item | What it controls | Where to verify |
|---|---|---|
| Account type | Spread, commission, execution and symbol access | My Accounts and account-type specification |
| Swap-free status | Whether qualifying overnight orders avoid swap | PA → Exness benefits → Trading conditions |
| Instrument eligibility | Which symbols are swap-free under the status | Current contract specification |
| Religious suitability | Personal Shariah assessment beyond broker mechanics | Qualified independent adviser if required |
Current verification route
- Sign in to the official Personal Area.
- Open Exness benefits and Trading conditions.
- Record the displayed swap-free status.
- Open Contract Specifications for the exact symbol and suffix.
- Check long/short swap fields and any qualifying-status note.
- Save a dated screenshot before planning an overnight position.
What swap-free does not remove
| Cost or risk | Still possible? | Reason |
|---|---|---|
| Spread | Yes | Bid/Ask difference remains |
| Commission | Yes on Raw Spread and Zero | Account pricing model is separate |
| Currency conversion | Yes | Account and P/L currencies can differ |
| Slippage/gaps | Yes | Market execution risk remains |
| Margin/HMR | Yes | Swap status does not change exposure or volatility controls |
| Loss from price movement | Yes | CFD market risk remains |
Instrument-specific planning
Current official guidance lists selected majors, minors, USDZAR/USDTHB and commodities including XAUUSD, XAUAUD, XAUEUR, XAGUSD, XPTUSD, USOIL and UKOIL under swap-free status. Lists and status can change, so the live contract specification overrides a copied article list.
Overnight demo audit
- Choose one qualifying and one non-qualifying demo symbol.
- Record account status and both specifications.
- Open minimum suitable demo positions before rollover.
- Keep them through one normal rollover.
- Inspect history for swap, commission and execution.
- Do not generalize one symbol’s result to the whole account.
Official reference
Exness swap-free status. The Personal Area and exact contract specification are the controlling live sources.
Questions from a first-time learner
Is an Islamic account a sixth Exness account type?
No. Exness describes swap-free as a Personal Area–wide status that may apply across account types.
Does every instrument become swap-free?
No. Only eligible instruments under the current status/specification qualify.
Does swap-free mean no trading costs?
No. Spread, commission, conversion and execution costs can still apply.
How do I verify my Pakistan account?
Open PA → Exness benefits → Trading conditions, then check the exact instrument specification.