Swap Free Account Brokers

  1. What is Swap Free Account Broker?
  2. Best Swap Free Trading Brokers
  3. What for is Swap Free?
  4. What are the best Swap Free Forex Accounts?
  5. Swap Free Brokers USA
  6. Swap Free Brokers List

What is Swap Free Account Broker?

Swap Free Account Broker is a Broker with no Swaps Account specification, where Forex swap is a commission, rollover, or interest the broker is charging to extend or hold a trader’s position overnight.

This tool allows traders to open long-term positions, while the rollover fee may be either positive or negative and varies according to the current rates on a particular trading pair. Read about Swap FX via Wikipedia.

💰 Rollover/ SwapNo
📊 SpreadsStandard as offered by Broker
📈 Trading InstrumentsAll, as offered by Broker
💻 Trading Platform MT4, MT5, cTrader, Proprietary platforms

Swap Free Trading Platform

Swap Free Trading can be highly attractive for some traders, however, not every Platform or Broker will offer it. First thing you have to check the broker you consider if it offers a Swap Free Account to trade on its platforms. Also, read our findings on Swap Free Account:

  • The traders who perform day trade and don’t want to prolong a trading deal until the next day for one or another reason can choose a Swap-free account that does not offer any adjustment to swaps on a day executed orders.
  • Recently, many traders choosing this type of account, primarily traders following Muslim belief, due to the Shariah law requirement they are not allowed to use long-term trading. For this reason, quite many of the leading brokerage companies offer Swap-free Accounts, however, we recommend choosing only among strictly regulated forex brokers for money safety and transparency.
  • Though Swap Free Accounts are typically used by Muslim Traders, non-muslim traders, as well as other trader groups that face trading restrictions, can also use them.
Swap Free Account AdvantagesSwap Free Account Disadvantages
No interest/swap charges on overnight positionsSome Broker charge high Fees to compensate the lack of Swap
No spread widening Limited Capacity for deversifying
No extra commissions
For Muslim Traders: Compliance with Islamic Laws

Top 5 Swap Free Trading Brokers

Here we selected leading Brokers offering Swap Free accounts based on our research that we chose for their good reputation and quality service:

  • HFM – Best Overall Swap-Free Broker 2022
  • BlackBull Markets – Best Lowest Spread Swap-Free Broker 2022
  • FP Markets – Best MT4 Swap-Free Broker 2022
  • Pepperstone – Best for Beginners Swap-Free Broker 2022
  • BDSwiss – Best EA Trading Swap-Free Broker 2022

Is swap Free account halal?

Yes, Swap Free Account is considered halal since there is no swap or rollover interest on overnight positions, and they may be suitable for Muslim traders who wish to trade in compliance with Sharia law.

What for is Swap Free Account?

Swap Free account is useful for some strategies that do not want to hold positions overnight or is essential for Islamic traders (check best islamic forex brokers list) that follow Sharia rules and can not earn interest.

What are the best Swap Free Forex Accounts?

The best Swap Free Forex Account should be provided by a reputable and regulated broker first, then check full trading conditions to find your match, and check top forex brokers for beginners.

Swap Free Brokers USA

Forex Brokers in the USA offer Swap Free accounts are not many, we recommend checking OANDA.

Swap Free Account Forex Brokers List

This is our full list of brokers with Swap Free Accounts that are regulated and recommended for Trading:

Broker Detail
FxGrow Review FxGrow
Min. Deposit: US$100
Max. Leverage: 1:30
Trading Platforms: MT5, WebTrader, Mobile App
Regulation: CySEC
FxGrow Review
CharterPrime logo CharterPrime
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: FSP
CharterPrime Review
Fineco Bank Review Fineco Bank
Min. Deposit: 0 US$
Max. Leverage: 1:30
Trading Platforms: Powerdesk, Stock Screener
Regulation: CONSOB, ECB
Fineco Bank Review
Swissquote Review Swissquote
Min. Deposit: 1,000 US$
Max. Leverage: 1:100 | 1:30
Trading Platforms: eTrader, Swiss DOTS
Regulation: FINMA, FCA, MFSA, SFC, DFSA
Swissquote Review
Dukascopy Review Dukascopy
Min. Deposit: 1,000 US$
Max. Leverage: 1:30
Trading Platforms: JForex, MT4
Regulation: FINMA
Dukascopy Review
FXOpen Review FXOpen
Min. Deposit: $1
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, TickTrader
Regulation: FCA, CySEC, ASIC
FXOpen Review
ADS Securities Broker review ADS Securities
Min. Deposit: 100 US$
Max. Leverage: 1:400
Trading Platforms: OREX, MT4
Regulation: UAE Central Bank, FCA, SFC
ADS Securities Review