HOME   SEARCH BROKERS   COMPARE BROKERS   REVIEW BROKERS   ADD A BROKER
ADVANCED BROKER SEARCH & COMPARISON
BROKER CYBERSEARCH

Search, customize, change, sort, compare - our Broker CyberSearch can do it all! Welcome to experience the Broker Search on a whole new level!

Forex brokers with rollover-free (swap-free) accounts




Below is the list of Forex brokers who offer Islamic or swap-free accounts with no rollover charges.
Besides Muslim friendly Forex brokers, there are also brokers who offer interest-free accounts to all traders.

Islamic account - can be opened for Muslims only.
Any account - can be opened for any client.
Standard account - needs further review.


Forex broker Swap free
account
Deposit Leverage Hedging Special conditions
1BillionForex Any accounts. $100 200:1 yes
AAAFx Islamic account. $300 500:1 yes No fees are changed in order to replace swap fees.
Abshire-Smith Islamic account. $500 100:1 yes Scalpers are monitores so they don't abuse of the interest free
AccentForex Islamic account. $10 500:1 yes Every working day at midnight swap will not removed or charged.
ACM Gold Islamic account. $250 500:1 yes Islamic clients only.
ActivTrades Islamic accounts. $100 400:1 yes No interest on contracts lasting longer than 24 hours - zero rollover interest consistently.
No additional rollover commissions.
Admiral Markets Islamic accounts. $10 500:1 yes No special conditions.
AGEA Islamic accounts. $10 500:1 yes Zero-Interest policy on all open positions, meaning that there is no overnight interest charged or paid on open positions while trading on the default trading platform.
AGM Markets Islamic account. $250 500:1 yes All accounts are swap-free for everybody without any additional charges.
AJAJ Group Islamic account. $10 400:1 yes Islamic classic account. No swap.
Alfa Financial Islamic account. $10,000 100:1 yes
Alpari UK Any account. $200 500:1 yes Swap-free accounts incur commission charges. Daily overnight handling charge starting from 10 base units per night per lot depending on the currency traded.
Alpha Capital Markets Any account. $500 400:1 yes
Alpha Trading CM Standard account. $500 400:1 yes
AmigaFX Any account. $50 400:1 yes No roll over fees
Apex Financial Services Islamic accounts. $200 200:1 yes No special conditions
Araxo4x Standard account. $500 400:1 yes No special conditions
AvaTrade Islamic accounts. $100 200:1 yes Account is not charged with premiums and/or rollovers and/or interest.
Axiory Islamic account. $500 500:1 yes Zero rollover interest, Zero interest, no commission on settlement for more than 24 hours, No additional fees or commissions charged at all.
Azura Markets Islamic account. $250 400:1 yes
BelforFx Islamic account. $100 400:1 yes No special conditions.
Citypoint Trading Any account. $500 300:1 yes There are no other commission/substitution, the client simply pays the spread. All clients can have swap free accounts, however, we do not accept clients to simply use us to benefit from arbitrage (taking a short position and leaving it whilst holding a long position elsewhere) if clients do seek to simply do this we give the client the option to either change to a swap account or close their account.
BMFN Arab Islamic account. $1 200:1 yes Islamic clients only and with BMFN Arab.
Bestec Forex Islamic account. $1000 100:1 yes Islamic countries residents and clients have preference in approval, .50 USD per .1 lot is charged. Monitor to avoid arbitrage profit.
Boston Prime Islamic account. $50,000 200:1 yes
Bulls And Bears Forex Islamic account. $50 500:1 yes
Bulls And Bears Forex UK Islamic account. $500 400:1 yes
Bulls Capital Markets Islamic account. $50 800:1 yes
Caesar Trade Islamic account. $25 400:1 yes
Capital Trust Markets Any account. $100 400:1 yes
CFD1000 Any accounts. $200 400:1 yes No special conditions
CFH Clearing Any account. $50,000 100:1 yes Swap free accounts on request
City Credit Capital UK (CCC) Standard accounts. $500 100:1 yes Accounts are monitored to avoid abuse.
CMS Forex Any account. $250 200:1 no If a interest free account is requested by a non Muslim client, there will be 5% margin on the account, which means 5,000USD for a standard 100k lot and 500USD for a mini 10k lot.
CommexFX Islamic accounts. $200 400:1 yes Dedicated Swap-free accounts.
Core Liquidity Markets Standard accounts. $250 500:1 yes
Deltastock Any account. $100 200:1 yes The Islamic Forex Trading Accounts are charged a service fee of: 0.10 EUR for each position of 1000 base currency units held overnight for the major currency pairs, and 0.25EUR for the rest.
DenForex Any account. $10 500:1 yes No special conditions.
Direct FX Standard accounts. $250 400:1 yes
Divisa Capital Standard accounts. $2500 100:1 yes
Dukascopy Bank SA Islamic accounts. $100 200:1 yes Swap-free accounts cannot be used for any carry trade, arbitration or any other strategy aiming at taking advantage of interest differences between currencies.
Easy-Forex Islamic accounts. $25 200:1 (non-US), 50:1 (US) yes (non-US accounts) Offering accounts with spreads only, which adhere to the Islamic law (Sharia). The maximum duration offered for Day-Trading deals is limited (usually 1 week but it can also be shorter or longer depending on the currency pair traded).
Elit4x UK Any accounts €100 500:1 no Available to anyone.
eToro Standard accounts $50 400:1 (non-US), 50:1 (US) no During week days - no commissions or swaps. Commission is charged only on trades held over a weekend.
EXNESS Islamic account. $1 2000:1 yes Swap-free accounts are commission-free.
EXO Group Standard account $100 200:1 yes
ExoFX Islamic account. $50 500:1 yes Swap/rollover free, with no extra change or penalty.
FastBrokers Islamic accounts. $2500 200:1 yes (non-US accounts) Swaps and rollover fees will be waived. All other trading conditions are the same for your account type.
FBS Any account. $5 1000:1 yes No additional charges.
FCMarket Islamic account. $500 500:1 yes Zero Overnight Interest (swap free) is for Positions left opened for less then 10 days will not be charged; however from the 11th day any position left opened will be charged commission, which is calculated according to the Swap rules.
FeelTrade Islamic account. $100 300:1 yes
FIBO Group Any account. $300 200:1 yes Positive swap will be abolished only. The negative swap will remain.
FIBO Group Holdings Any account. $300 200:1 yes No special conditions.
Fidelis Islamic account. $200 200:1 yes accounts are swap free in accordance with religious conditions
FinFX Any account. $100 200:1 yes On request for Micro account
FirewoodFX Any account. $10 1000:1 yes
Forex.com Islamic account. $500 50:1 no Traders are charged a flat rate of $2.50 per mini lot or $25 per standard lot when a position is held open after 5:00 pm EST.
Forex Club Any account. $200 50:1 no There is no SWAP, but, there is a roll over fee which is owed to keep a position opened.
Forex Optimum Standard account $10 500:1 yes Swap-free - yes.
Forex-Metal Any account. $1 1100:1 yes 1st type: No-swap account with gifts and donations: with very small credits (gifts) and debits (donations) which are apprx. equal to the swap amounts. No account cost.
2nd type: No-swap account without gifts and donations: no additional credits or debits, only spreads (the same spreads, no difference from the regular account). No account cost.
Forex4you Any account. $1 200:1 yes No special conditions.
FOREXer Any account $10,000 10:1 yes No special conditions.
Forex Time (FXTM) Any account. $1 1000:1 yes No swap, no commission, instead 2% - 7% percentage of profit sharing, depending on the account balance.
ForexYard Islamic accounts. $100 200:1 yes No swap, no commission, regular spreads.
FormulaFX Islamic account $100 300:1 yes No rollover fees (swap) or other commissions for contracts older than 24 hours. Plus leverage is extended without interest.
Fortress Capital Standard account. $100 50:1 no No special conditions
FW Markets Standard account. $100 400:1 yes
FXCENTRAL Islamic accounts $500 200:1 yes No special conditions.
FXCM Standard account $2000 50:1 no Can be requested for MT4 account with min. deposit $2000.
FXDD Islamic accounts. $1 200:1 (non-US), 50:1 (US) no, FXDD Malta - yes Islamic clients only and trading activities are monitored
Forex Global Market (FXGM) Any account. $200 50:1 yes FXGM will not apply swaps or rollover charges to such accounts in compliance of the Islamic Shariah Law.
Traders can hold the positions for unlimited time.
FxNet Islamic accounts. $5 500:1 yes No special conditions.
FXOpen Islamic accounts. $1 400:1 yes No special conditions.
FXFlat Standard accounts $500 400:1 yes No special conditions.
FXOptimax Islamic accounts. $10 1000:1 yes Swap-free islamic account are provided upon request.
FXPRIMUS Islamic accounts. $100 500:1 yes Customer may not keep transactions in such account open for more than 5 days and may not otherwise abuse such benefit.
FxPro Islamic accounts. $500 500:1 yes Instead of being charged an overnight (swap) fee, there will be a commission of USD 15 (fifteen) charged per lot traded as a handling fee; this commission is charged from the 2nd (second) day of a position remaining open.
FXTG (ForexTG) Islamic accounts. $1000 300:1 yes Continuous monitoring of accounts to avoid abuse.
FXtradeweb (FXTW) Standard accounts. $1000 500:1 yes
FxUnited Standard account $25 1000:1 yes Swap type - Free swap.
GAINSY Islamic account. $10 500:1 yes Swaps don't apply, no additional commissions are charged.
Gallant Capital Markets (GCMFX) Any account. $250 400:1 yes No special conditions.
GCM Forex Standard account. $100 100:1 yes No special conditions.
GCIDealer Any account. $500 400:1 yes Traders can manage their accounts without pay or receive swap or daily interest on position held overnight.
GDMFX Islamic account. $100 500:1 yes
Gedamo Investments Any account $10,000 400:1 yes No interest will be charged or incurred on positions held overnight.
Grand Capital Islamic account. $500 500:1 yes Islamic Accounts are swap-free accounts, without commission for rollover.
Greenvault FX Islamic account. $1 1000:1 yes no swap depending on the initial deposit.
Hantec Markets Islamic accounts. $1000 200:1 yes Clients can hold their positions for an undetermined period of time without incurring any interest or additional fees.
HiWayFX Any account. $20 500:1 yes No special conditions
HeartForex Any account. $150 100:1 yes No special conditions
HotForex Islamic account. $150 400:1 yes The Micro Account is available as Swap Free for clients following the Muslim Faith. Flexible bonus.
HY Markets Islamic accounts. $50 400:1 yes Any open position in certain products will not be subject to overnight fees for the first 14 days after the position is placed in the market. If the position remains open after 14 days, normal overnight fees will start applying to that open position.
IC Markets Any account. $200 500:1 yes Spreads are slightly wider.
IC Markets Forex Rebates Any account. $200 500:1 yes
ICM - iTrade Capital Markets Any account. $500 400:1 yes All accounts with ICM are interest-free and Shariah compliant. There is only a roll charge on open positions of $1 per lot per day that the position is open.
ICM Capital Any account. $1 400:1 yes No special conditions.
IBFX Islamic accounts. $1 400:1 (non-US), 50:1 (US) no No-swap trades that remain open after Friday close will be debited or credited a fee based on the special rates.
IFC Markets Islamic accounts $1 400:1 yes Automatic closing of positions on the Islamic (SWAP free) accounts by the trade server will be executed in 14 days from the moment of opening every position.
iFOREX Any account. $100 400:1 yes No commission, no swaps. You must open/close positions at least once a month.
Automatic closing of positions on the Islamic Account (swap-free) by the trade server will be executed in 30 days from the day of opening every position.
IHI - Investment House International Any account. $500 400:1 yes Clients can have all interest charges or credits eliminated from their account in exchange for paying a 5$ commission per lot.
IKOFX Islamic accounts. $1 500:1 no No swap or rollover interest will be charged to positions held overnight to the account.
IKON GM Islamic account. $1000 50:1 no Available only upon request and evaluation of every client.
IKON Group Islamic account. $150 500:1 yes Certain lot (volume) requirements apply for each currency pair in order to waive swap charges.
IKON Markets Standard account. $100 500:1 yes
InstaForex Any account. $1 1000:1 yes Unlimited time to carry the positions.
Integer FX Standard account. $100 500:1 yes No special conditions.
Invast Standard account. $100 400:1 yes No special conditions.
Investorseurope Islamic account. $250 400:1 yes No special conditions.
InvestTechFX Any account. $1000 1000:1 yes Subject to overnight fee of $10/lot.
IronFX Islamic account. $500 500:1 yes As long as you meet the Company’s criteria (e.g. client of a Muslim faith), you may be eligible for a swap free account. Any position left opened for less than 10 days will not be given swap, however from the 11th day any position left open will be subject to a fee which is calculated according to swap rules as they appear on the Company’s Contract Specifications.
IsikFX Islamic accounts. $100 100:1 yes
JustForex Islamic accounts. $1 500:1 yes No special conditions.
Lider Forex Any account. $100 200:1 yes Micro accounts of $25 don't have the swap-free feature.
Liquid Markets Islamic account. $2000 500:1 yes Middle East residents only
Liquidex Islamic accounts. $500 100:1 no Swap-free accounts on request.
LiteForex Any account. $1 1000:1 yes Accounts opened on request.
Markets.com Islamic account. $100 200:1 yes No special conditions.
MasterForex Islamic account. $1 500:1 yes Instead of swap this account will feature a fixed small fee per standard lot, which is charged daily for positions that are held overnight.
MaxProCapital (MPCL) Islamic accounts. $100 100:1 yes No special conditions.
MAYZUS Islamic accounts. $25 500:1 yes only available to clients of Islamic faith.
MBCFX Islamic accounts. $1000 200:1 yes Micro accounts of $25 don't have the swap-free feature.
MFC Investment Islamic accounts. $1000 200:1 yes No special conditions.
MRC Markets Islamic accounts. $1 500:1 yes No special conditions.
MW Any account $1 1000:1 yes optional
Nexsus Financial Markets Standard account. $250 400:1 yes
OctaFX Any account. $5 500:1 yes No commissions. Accounts opened on request.
One Financial Markets Islamic account. $250 400:1 yes No special conditions.
Online4x Stabdard account. $1 500:1 yes No special conditions.
Orbex Any account. $100 500:1 yes No special conditions.
PaxForex Islamic account. $10 500:1 yes No special conditions.
Persepolis Capital Management Islamic accounts. $100 200:1 yes No special conditions.
PFG FX Any account. $200 200:1 yes No special conditions.
PipStriker Any account. $10 1000:1 yes No special conditions.
Profiforex Standard account $1 500:1 yes No special conditions.
Real Trade Group Islamic account. $20 500:1 yes Fixed commission of 5 cents per 0.01 lot, $1 per 0.1 lot.
RFXT - Royal Forex Trading Islamic accounts. $2500 400:1 yes Trade with no swap charges and with no other additional charges, spread or hidden fees.
RoboForex Any account. $1 500:1 yes All trading accounts opened at the RoboForex are Swap-Free accounts. The commission (USD) specified in the table is for 1 standard lot. The total daily commission is the commission for 1 lot multiplied by a number of lots. The commission is taken off the account every day, at 12 a.m. server time.
SABrokers Islamic accounts. $25 500:1 yes No special conditions.
SpediaFX Any account $750 200:1 yes No special conditions.
Sterling Gent Trading Islamic account. $200 400:1 yes Shariah-compliant “no riba” accounts for observant Muslims. Pay no interest and receive no interest.
SmartTradeFX Islamic account. $100 100:1 yes
Sunbird Islamic account. $250 100:1 yes Swap free accounts (Roll Over fee) with no extra charge or fee.
Swiss International Islamic account. $500 200:1 yes Islamic Trading only available to clients for religious reasons in the Middle East.
Sword Capital Islamic account. $100 500:1 yes
TeleTrade Islamic account. $1 100:1 yes
TFI Markets Standard account. $500 500:1 yes No special conditions.
ThinkForex Islamic account. $250 500:1 yes Accounts opened on request. Monitoring of accounts to avoid any abuse.
TopFX Standard accounts $1 100:1 yes
TradeFort Any account. $1 1000:1 yes Pro accounts cannot be swap-free.
Trader's Way Islamic account. $1 1000:1 yes No special conditions.
Traders Pulse Standard account. $100 400:1 yes No special conditions.
Traders Trust Islamic account. $100 500:1 yes Islamic accounts (swap free) are offered to clients of the Muslim faith. Providing a valid ID can be presented showing your faith. No overnight interested (swap) will be charged in this account.
there is a 3 days swap free period to all Islamic accounts. On the 3rd day if the position is not closed then for every extra day the company will charge a storage fee of $5 per lot per day. For the Exotic Pairs, the swap free period remains 3 days and the storage fee is $15 per lot per day.
TradersChoiceFX Islamic accounts. $250 50:1 no GAINCAPITAL: Traders are charged a flat rate of $2.50 per mini lot or $25 per standard lot when a position is held open after 5:00 pm EST. FXDD: Islamic clients only and trading activities are monitored. FXCM: Micro accounts of $25 don't have the swap-free feature.
Tradenext Standard accounts. $1 100:1 yes
TradingForex.com Islamic accounts. $1000 200:1 yes Charged from day one the amount of 5USD per lot per day for storage fees.
UFXMarkets Islamic accounts $500 200:1 yes Continuos monitoring of accounts to avoid abuse. Commodities and indices allowed.
UpFX Any account. $100 500:1 yes Optional, on request.
UPME Group Any account. $10 1000:1 yes -
Venice Banks Standard account $10,000 100:1 yes -
Windsor Brokers Any account. $100 500:1 yes Available for to Mini and Standard accounts. You may keep your position open for up to Five days, as of the sixth day fixed charges shall apply on daily basis until the position is closed.
Varengold Bank FX Islamic accounts. $1 200:1 yes Halal accounts for clients from Islamic countries.
Vinson Financials Any account. $200 200:1 yes Available to anyone.
X-Trade Brokers (XTB) Islamic accounts. $500 200:1 yes Commission free accounts. No swap. Widened spread on the FX market by only 1 pip. Regular spread for all other instruments. 10 USD daily charge per lot for every transaction held through the weekend.
XForex Islamic accounts. $100 200:1 yes Accounts opened on request and are subject to approval.
XGLOBAL Markets Any account. $1 200:1 yes No maintenance fees apply for the Islamic accounts. Unlimited time positions remain open.
XM Islamic account. $5 888:1 yes No interest/swap, no up-front commissions, no time constraints, no spread widening.
XTB UK Satandard account. $1 200:1 yes
YouTradeFX Islamic accounts. $500 500:1 yes No special conditions.
ZAR FX Islamic accounts. $250 200:1 yes No special conditions.



Benefits of rollover free trading

For certain currency pairs depending on the market position taken rollover can either be negative (means you have to pay) or positive (means you get paid). With rollover/swap free Forex accounts trader don't pay anything nor they get paid for holding positions past 17:00pm (ask your broker about the Time zone they use) when rollover is calculated.

Forex currency trading Accounts that receive no rollover/no swap can be a good option for traders who employ long term trading strategies, starting from holding trades longer than a day and up to a month or so, and who don't want to pay rollover fees.

Rollover/swap free Forex accounts are perfect for carry trade and hedging strategies where traders look to profit from holding currencies which earn positive rollover (with a broker that applies rollover/swaps) and at the same time look to offset any trading risks by hedging the same currency pair with another broker which applies no rollover fees, but instead charges a small commission.

And finally, here is a method of trading currencies with rollover-free Forex brokers:
Hedging strategy with 2 brokers using rollover-free account

What is a Forex Islamic account?

Under Sharia Islamic law, making money from money, such as receiving interest, is not permitted.
Wealth should be generated only through legitimate trade and investment in assets.

Basic principles of finance in Islam state that:
- giving or receiving an interest is not allowed;
- money cannot be traded for money, instead, money can be used to buy goods or services, which then can be sold for a profit.

In order to meet needs of Muslim traders Forex brokers offer Islamic accounts with strict compliance with Shariah Law:
the interest payment on the account balance is waived. Instead traders are charged a small daily service fee for positions held overnight. Alternatively there could be special conditions on spreads, where traders pay one pip higher spread on all currency pairs.

Forex Islamic accounts offer a halal (permissible) investment opportunity that involves zero riba (interest). Forex is a spot currency market which makes it halal. Forex is no different from the traveler changing money on the spot when he enters a foreign country.

An approximate list of countries whose residents can apply for Swap-free trading accounts:

Afghanistan, Albania, Algeria,
Bahrein, Bangladesh, Brunei
Comoro Islands
Djibouti
Egypt
Indonesia, Iran, Iraq
Jordan
Kuwait
Libya
Malaysia, Maldives, Mauritania, Morocco
Niger, Nigeria
Oman
Pakistan, Palestine
Qatar
Saudi Arabia, Somalia, Sudan, Syria
Tunisia, Turkey
UAE
Western Sahara
Yemen

Acceptance rules may vary from broker to broker.

Copyright ©100Forexbrokers.com | All Rights Reserved

Do you know another Forex broker that has rollover(swap) free trading accounts?
Please suggest by adding a comment below.



Broker discussion area

trader

September 5, 2014

Bigoption Forex broker is halal or haram?


trader

June 17, 2014

Hello 100 forex Broker
Hi am Dinesh,
hope you have heard about Ozoneforex.. please make sure you donot get into such a stupid forex broker beacause they are the big cheaters.... they operate as they wish.......... since from 6months they are ubscanding,
go to www.ozoneforex.com, this site work only if you are luckky.. it is just a web page having information about how they work but in reak NOT...
how to find this ideots is the biggest question for us....
Dinesh
+919538989687


trader

January 30, 2014

dear sir bg hello this is akash rajpoot again i want to know about meaning of account currency .what does it mean.if i loaded my skrill card with 10 $ and i choose jpy for my account currency and i bought a 0.01 micro lot of eurusd then what cost one pip would have sir plz answer this question with a suitable example


trader

January 21, 2014

Dear BG,

NatureForex

Islamic account
Minimum deposit USD 20
Leverage 1:200 to 1:1000
Hedging YES


BrokerGuru

December 21, 2013

Thank you very much!
Added all brokers.


trader

December 21, 2013

Dear BG,

Forex Optimum

-Swap-Free


trader

December 21, 2013

Dear BG,

FXCM

-Can be requested for MT4 account with min. deposited 2K USD


trader

December 21, 2013

Dear BG,

www.fxunited.com

-Standard Account
Free Swap
Commission: No

-Premium Account
Free Swap
Commission: Yes


trader

December 21, 2013

Dear BG,

RoboForex

-The commission (USD) specified in the table is for 1 standard lot. The total daily commission is the commission for 1 lot multiplied by a number of lots. The commission is taken off the account every day, at 12 a.m. server time.


trader

December 21, 2013

Dear BG,

Traders Trust

-Please note that it is the policy of the company to offer 3 days swap free period to all Islamic accounts calculated from the first day that a trading position is opened. On the 3rd day if the position is not closed then for every extra day that the position will remain opened, the company will charge a storage fee of $5 per lot per day. For the Exotic Pairs, the swap free period remains 3 days and the storage fee is $15 per lot per day.


BrokerGuru

December 12, 2013

Dear Traders,

than you for your questions & trust.
It's however our website policy to remain unbiased and not recommend/favor any particular broker.
I'm truly sorry about that.


trader

December 11, 2013

sir my self akash rajpoot(INDIA) and i want to know about free demo account how to open it and who is the best broker for a student thank you AKASH RAJPOOT


trader

December 9, 2013

SIR PLZ TELL ME ABOUT THAT BROKER ,WHOM NOT ONLY OPEN MY ACCOUNT IN $5 BUT ALSO HE SHOULD GIVE ME +VE SWAP FOR INRJPY


trader

October 19, 2013

Can any one help me for a trusted broker with - No swap , No commission


BrokerGuru

September 29, 2013

Thank you! Though can't find swap-free accounts at CFI Markets.
(Please send a link if available).


trader

September 22, 2013

I know CFI Markets. They have Swap Free accounts and they are extremely pro


BrokerGuru

May 9, 2013

Hi Quoc Thai,

yes, Any account means anyone can have it. Not all brokers charge handling/other fees though, but unfortunately, we haven't done a deeper analysis of swap-free accounts offered.
Whenever we find something, we post it into the column with additional conditions, otherwise it's presumed that there are no special/extra conditions on those accounts.


Quoc Thai, Nguyen

May 9, 2013

Hello BrokerGuru,

Any account - means that brokers offer swap-free accounts to all traders. However, they have handling fee. It is as much as swap. Do you know any broker which neither Swap nor handling fee?

Can you contact via my email: profitstaker@gmail.com

Thank you very much,

Quoc Thai, Nguyen.


BrokerGuru

April 2, 2013

Thank you!


trader

April 1, 2013

Arab Financial Brokers (AFB) offers 1:1000 leverage


trader

October 15, 2012

guuuys help, pleaaase! I need a swap free account. dont know which broker to choose. can u write me a couple of them the best ones. i need also to deposit with visa card with no fee and the best spread on eur / usd. ... 1 pip if its possible. hELP PLEASE !!! THANK YOU IN ADVANCE!


BrokerGuru

August 22, 2012

Thank you!
will be added.


trader

August 22, 2012

Hi
Thanks for this useful website,
I'm doing trade with bforex www.bforex.com , i did not see them in your list
and they say my account is Islamic


BrokerGuru

August 8, 2012

No I don't, sorry..


trader

August 8, 2012

Wich offers the highest positive swap rate of all brokers around the world?

Do you know that?? hmmm


BrokerGuru

June 3, 2012

Thank you!
Synergy FX, though, submitted to us that they offer Islamic accounts on request. Is that not the case now?
AxiTrader - updated.


trader

May 31, 2012

Just an update:
Synergy FX and Axitrader don't offer swap free accounts at all!


BrokerGuru

May 1, 2012

A stop (or a trailing stop) for a Long position triggers by the Bid price and a stop for a Short position triggers by the Ask.
Rollovers and commissions are not taken into the account & don't affect stops.

When you go Long, you enter at the Ask price while your stop is set at the Bid price. When you go Long you pay the spread cost at the moment of entry. With a spread of 2 pips, you'll have -2 pips at the moment of entry, so if you want to risk no more than -25 pips total, then you set the stop to -23 pips. (If you set the stop to -25 pips having paid -2 pips already, you'll be risking -27 pips in total).

When you go Short, you enter at the Bid price while your stop is set at the Ask price. When you go short you pay the spread cost at the moment of closing a trade. With a spread of 2 pips, if you want to risk -25 pips total, you set your stop at -23 pips. (!) Do remember that you'll be paying spreads only when you close a trade, thus count those extra -2 pips in in advance and make sure to watch the Ask price (F8 key on MT4 to activate it).

The broker type doesn't matter.


trader

April 21, 2012

Hey 100Forexbrokers,
Thanks for the above I'm a little confused as to whenever stop losses and trailing stops are actually triggered, whenever taking into account the spread plus commissions plus rollovers. For example, should you were to go LONG on a currency pair, is the stop triggered when the ASK or the BID reaches the designated price? I assume it's the opposite whenever you're going SHORT? For instance, when the spread is 2 pips when you enter LONG, does which indicate you're absolutely 2 pips closer to your stop loss, or which in the event you set a 25-pip trailing stop, which it's already down to 23 pips, right from the entry? Also, are elements such as broker commissions (for ECNs) and rollover interest "counted" towards how countless pips the cost has really moved against you? Does it matter what type of broker it is very? For example, I'm currently associated with MB Trading, an ECN broker. I'm not sure if this makes any sort of difference.
Cheerio


trader

April 2, 2012

Roboforex now charges huge overnight swap free commission in islamic (swap free ) account, very bad!


trader

February 16, 2012

Malaysia Breaking News!! Malaysia highest national religious council has issued the "fatwa" that forex trading online as HARAM for muslim traders!! PROHIBITED!!!

http://thestar.com.my/news/story.asp?file=/2012/2/16/nation/10747413&sec=nation


trader

January 20, 2012

Thanks BG. That was quite helpful :)


BrokerGuru

January 17, 2012

Hi Salman,

sorry for the delay.
Yes, if you trade exceptionally well with a market maker, making them to lose money each time (since they trade against you), you might experience worsening of the trading conditions.

I haven't heard about the argument that swap is charged by the LPs, thus NDD brokers have no control over it...
Swap-free accounts are offered by STP brokers as well, not only Market makers. I think they are able to manage it somehow.
Try at least our search with the following parameters:
http://www.100forexbrokers.com/fx/broker_search.php
Broker type: "no dealing desk"
Swap-ree accounts: "yes"


Salman

January 17, 2012

Hi BG, this is Salman again, didnt hear from you about my query so thought will follow up again. Your input in this matter will be greatly appreciated. Thanks.

Best Regards,
Salman


Salman

December 29, 2011

Hi BG,

I am so glad I came to your website. I am a muslim and looking to open a swap free account as I trade long term and want to avoid receiving or paying interest/swap rollover fee.

I have been told that all brokers who offer swap free accounts are market makers i.e. they trade against you and you will have problems with them if you make a lot of profit. Is that true? The argument is that the swap fee is charged by the liquidity provider therefore ECN/STP/NDD brokers dont have any control over it.

Your opinion and help in this regard will be greatly appreciated. Thanks.

Best Regards,
Salman


trader

December 22, 2011

Forex.com fees is sorta interest. i got charged. called the guy up. he said rollover interest charged. his words.


BrokerGuru

November 25, 2011

Thank you!


trader

November 25, 2011

For FXCM UK, standard account that converted to Islamic account, they will add 0.5 pips for spread.


trader

October 6, 2011

Check Fxcentral which offer true Raw Spread ECN with Swap/Roll Free for all its clients and they have Chase bank with other 12+ source as prime LPs


trader

September 13, 2011

Thank you for your feedback!

Regulation is certainly an important factor, but not the only one for many traders, and we can't include everything. So, let's keep it about swap-free accounts, while it would be easier to apply further filters in the Search:
Forex brokers comparison

Where you can add:
- Swap=free accounts "Yes"
- Regulation "Is regulated"

and any other parameters you want, such as the minimum deposit, leverage etc.


trader

September 11, 2011

can we please add a regulator column to this list... many of these are unregulated and straight up scams.... one of the reasons they present themselves as swap free is because they can since they are scams


trader

September 1, 2011

How can anybody recommend FXCM, being that this Company is known for terrible service and straight-out SCAM, the worst company on the face of the forex world, is being penalized with $2,000,000 by the regulator authorities because FXCM are found guilty of theft and scam


BrokerGuru

August 29, 2011

Added. Thank you!


trader

August 29, 2011

Grand Capital also offers swap-free accounts.
Islamic Accounts are swap-free accounts, without commission for rollover.
Minimum deposit: 500$
Leverage is up to 1:500.
We are hedging.


trader

July 11, 2011

assalamu alaikum ,
Dears brothers and sisters I would like to warn u about riba as u all know it's haram. the swaps and roll overs are all riba and I dont know if there are any other charges that are forbidden because I myself am not envolved in any trade but I reaqd a lot about forex trading in order to gain knowlegde to see what it really is.
I want to point out something important. Regarding the currency trade, if u sell or buy the same curency of the base account then this is clear Riba. Example: your account is US$ and u are trading in the US$ vs Euro thern u are dealing with Riba. How? your account is US $ and when the US$ rises then you are going to buy US$ from your US$ account so you are buying more dollars with less dollars or vice versa. right?
this means if anyone would trade something like this then his or her account must be totally different then what he is trading with. example: US$ account trading Swiss Frank vs Euro.
please c omment if u can help in this matter.


BrokerGuru

July 8, 2011

I don't know, sorry.
We haven't compared these values yet.


trader

July 8, 2011

Any idea which broker offer the highest rollover rate ?


BrokerGuru

May 24, 2011

Thank you!


trader

May 24, 2011

city credit capital offers it too...


trader

April 20, 2011

thank you



Write your comment or a review

Image CAPTCHA
Enter the characters shown in the image.
© 2008 — 2014
100FOREXBROKERS.COM
ALL RIGHTS RESERVED
TERMS OF SERVICE
Disclaimer
Privacy policy
Advertise
BROKERS
Review
Search
Add a broker
Report a mistake
COMPANY
About us
Contact
Link to us