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.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Broker Minimum deposit Maximum leverage Hedging Swap free
10Markets $250 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
12Trader $50 200 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
1BillionForex $5 500 : 1 - Mini account
200 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
24FX $250 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
24option $1 1000 : 1 - Mini account
300 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
4XNetworks $1 1000 : 1 - Mini account
1000 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
AAAFx $300 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
AAATrade $500 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
AAFX Trading $100 2000 : 1 - Mini account
2000 : 1 - Standard account
Yes Yes
Abshire-Smith $1 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
AccentForex $10 500 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
ACM Gold $250 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
ActivTrades $100 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
ADS Securities $100 400 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
AGEA $6 500 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
AGM Markets $250 200 : 1 - Mini account
100 : 1 - Standard account
Yes Yes
AHMZ TradeFX $1 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Alfa Financial $25000 100 : 1 - Mini account
100 : 1 - Standard account
Yes Yes
Alfa Financials $100 200 : 1 - Mini account
1000 : 1 - Standard account
Yes Yes
Alpari $1 500 : 1 - Mini account
1000 : 1 - Standard account
1000 : 1 - ECN account
Yes Yes
Alpha Capital Markets $200 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
AmigaFX $50 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
ArgusFX $1 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
ATIORA $50 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
AVATrade $100 400 : 1 - Mini account
400 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
Axiory $500 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
AxiTrader $1 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
AZAFX $200 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
Back Bay Markets $250 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
BANX Trading $1 300 : 1 - Mini account
300 : 1 - Standard account
300 : 1 - ECN account
Yes Yes
BAXTER-FX $50000 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
BCapitalsFX $10 400 : 1 - Mini account
200 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
BelforFX $100 400 : 1 - Mini account
400 : 1 - Standard account
100 : 1 - ECN account
No Yes
BILLION CAPITALS $50 1000 : 1 - Mini account
500 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
BlackBull Markets $200 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
Blackwell Global $500 400 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Blitzbrokers $100 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
BMFN - Boston Merchant Financial $1 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
BMFN Arab $1 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Caesar Trade $25 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Capital Index 100 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Capital Investment Brokers (CIBFX) $50 500 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
CAPPROFX $10 1000 : 1 - Mini account
1000 : 1 - Standard account
1000 : 1 - ECN account
Yes Yes
CFD1000 $500 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
CFDTimes $500 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
CFH Clearing $50000 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
CFI Markets $100 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
ChampionFX $1 1000 : 1 - Mini account
300 : 1 - Standard account
Yes Yes
City Credit Capital UK (CCC) $500 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Citypoint Trading $20000 300 : 1 - Mini account
300 : 1 - Standard account
Yes Yes
CM Trading $250 400 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
CMS Forex $250 50 : 1 - Mini account
50 : 1 - Standard account
No Yes
CMStrader $250 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
ContinentalFX $2000 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Core Liquidity Markets $250 500 : 1 - Mini account
500 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
Currency House $1000 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
D24FX $250 20 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Direct FX $100 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
Divisa Capital $5000 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
Dukascopy Bank SA $100 300 : 1 - Mini account
300 : 1 - Standard account
300 : 1 - ECN account
Yes Yes
easyMarkets $25 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
ECM Trader $100 500 : 1 - Mini account
500 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
Elxi Markets $100 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
eToro $200 400 : 1 - Mini account
400 : 1 - Standard account
No Yes
EverFX $200 300 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
EXNESS $1 2000 : 1 - Mini account
2000 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
FastBrokers $2000 50 : 1 - Mini account
50 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
FBS $1 1000 : 1 - Mini account
3000 : 1 - Standard account
Yes Yes
FIBO Group $300 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
FIBO Group Holdings $300 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Fidelis (Belize) $5 400 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
Fidelis Capital Markets (Cyprus) $5 400 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
Finpro Trading $5 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
FirewoodFX $10 1000 : 1 - Mini account
1000 : 1 - Standard account
Yes Yes
Forest Park FX $1 50 : 1 - Mini account
50 : 1 - Standard account
Yes Yes
Forex Broker Inc $10 500 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
Forex Club $250 100 : 1 - Mini account
100 : 1 - Standard account
Yes Yes
Forex Corporate $10000 1000 : 1 - Mini account
1000 : 1 - Standard account
Yes Yes
FOREX.com $250 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
Forex.ee $50 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
Forex4you $1 1000 : 1 - Mini account
1000 : 1 - Standard account
Yes Yes
ForexCT $500 200 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
FOREXer $200 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
ForexGrand $250 300 : 1 - Mini account
300 : 1 - Standard account
Yes Yes
ForexMart $1 5000 : 1 - Mini account
5000 : 1 - Standard account
Yes Yes
FOREXYARD $1000 200 : 1 - Mini account
200 : 1 - Standard account
No Yes
Formax Prime Capital $1000 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
Fort Financial Services $5 1000 : 1 - Mini account
1000 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
Fortrade $100 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
FreshForex $1 1000 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
Fullerton Markets $100 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
FW Markets $100 500 : 1 - Mini account
300 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
FX Choice $100 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
FX Money World $100 400 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
FXBM $50 500 : 1 - Mini account
500 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
FXCC $100 200 : 1 - Mini account
300 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
FXCH $2000 1000 : 1 - Mini account
1000 : 1 - Standard account
Yes Yes
FXCL $1 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
FXCM $50 50 : 1 - Mini account
50 : 1 - Standard account
Yes Yes
FXDD $1 50 : 1 - Mini account
50 : 1 - Standard account
No Yes
FXDD Malta $1 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
FxFlame $50 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
FXGiants $100 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
FxGlory $1 3000 : 1 - Mini account
3000 : 1 - Standard account
Yes Yes
FXGM - FX Global Market $200 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
FXICONIC $10 1000 : 1 - Mini account
500 : 1 - Standard account
No Yes
FxNet $50 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
FxOnUs $50 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
FXOpen $1 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
FXORO $250 400 : 1 - Mini account
200 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
FXPRIMUS $100 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
FxPro $100 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
FXTM $5 1000 : 1 - Mini account
1000 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
FxUnited $25 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
GAIN Capital Group $100000 50 : 1 - Mini account
50 : 1 - Standard account
25 : 1 - ECN account
No Yes
GAINSY $10 500 : 1 - Mini account
500 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
Gallant Capital Markets (GCMFX) $250 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
GBE brokers 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
GCI Financial $500 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
GCM Forex $100 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
GDMFX $100 500 : 1 - Mini account
500 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
Gerchik Co $500 100 : 1 - Mini account
100 : 1 - Standard account
Yes Yes
GKFX $1 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
GKFX Prime $1 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
Golden Tangent $500 400 : 1 - Mini account
100 : 1 - Standard account
Yes Yes
Grand Capital $10 500 : 1 - Mini account
2000 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
Grinta Invest $100 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
Hadwins $50 100 : 1 - Mini account
100 : 1 - Standard account
Yes Yes
Hanseatic Brokerhouse $1 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Hantec Markets $1000 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
HeartForex $1 1000 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
HiWayFX $20 1000 : 1 - Mini account
1000 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
HotForex $5 1000 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
House of Borse $50000 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
HYCM $100 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
Hydra Markets $100 1000 : 1 - Mini account
1000 : 1 - Standard account
1000 : 1 - ECN account
Yes Yes
IBAmarkets $500 200 : 1 - Mini account
400 : 1 - Standard account
1000 : 1 - ECN account
Yes Yes
IC Markets $200 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
ICM Capital $200 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
IFC Markets $1 400 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
iFOREX $100 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
IGOFX $1 1000 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
IKON Global Markets $200 50 : 1 - Mini account
50 : 1 - Standard account
Yes Yes
IMMFX $50 500 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Indigo DMA $10 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
InstaForex $1 1000 : 1 - Mini account
1000 : 1 - Standard account
Yes Yes
INTFX $25 500 : 1 - Mini account
500 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
Investorseurope $250 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
IronFX $100 500 : 1 - Mini account
500 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
IsikFX 100 : 1 - Mini account
100 : 1 - Standard account
Yes Yes
ITI FX $50 300 : 1 - Mini account
300 : 1 - Standard account
300 : 1 - ECN account
Yes Yes
IV Brokers $100 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
JCMFX $10 1000 : 1 - Mini account
1000 : 1 - Standard account
Yes Yes
JustForex $1 2000 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
KAWASE $100 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
Land-FX $300 500 : 1 - Mini account
500 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
Larson and Holz $250 500 : 1 - Mini account
200 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
LCG (London Capital Group) $1 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
LegacyFX $100 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Lider Forex $100 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
LiteForex $10 1000 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
LiteForex (Europe) $10 1000 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
LMFX $50 1000 : 1 - Mini account
250 : 1 - Standard account
Yes Yes
LQDFX $20 500 : 1 - Mini account
300 : 1 - Standard account
300 : 1 - ECN account
Yes Yes
Lucror FX $50 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
Markets Broker $5000 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Markets.com $100 300 : 1 - Mini account
300 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
MaxFX $200 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
MBA $10 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
MEX EXCHANGE $200 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
MEX Group $200 500 : 1 - Mini account
500 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
MFX Broker $1 1000 : 1 - Mini account
1000 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
Mocaz Financial Markets $10 500 : 1 - Mini account
300 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
MTI Markets $100 500 : 1 - Mini account
400 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
MTrading $100 1000 : 1 - Mini account
1000 : 1 - Standard account
1000 : 1 - ECN account
Yes Yes
NAS Broker $300 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
Neferma $1 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
NewForex $1 1000 : 1 - Mini account
700 : 1 - Standard account
Yes Yes
Nexsus Financial Markets $250 400 : 1 - Mini account
400 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
NICOFX $100 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
NoaFX $10 500 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
NordFX $5 1000 : 1 - Mini account
200 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
NPBFX $10 200 : 1 - Mini account
100 : 1 - Standard account
Yes Yes
OctaFX $5 500 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
OloFx $100 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
One Financial Markets $250 400 : 1 - Mini account
400 : 1 - Standard account
50 : 1 - ECN account
Yes Yes
Orbex $500 500 : 1 - Mini account
300 : 1 - Standard account
300 : 1 - ECN account
Yes Yes
Pacific Financial Derivatives (PFD-NZ) $1 300 : 1 - Mini account
300 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
PaxForex $10 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
PCM Brokers $100 500 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Pepperstone $200 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
PriorFX $250 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
Profiforex $1 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
Profx Market $10 500 : 1 - Mini account
400 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
Progrex $5 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
RallyTrade $100 1000 : 1 - Mini account
1000 : 1 - Standard account
No Yes
Range Markets $100 500 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
Real Trade $20 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
Rexor Investments $5 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
Ridge Capital Markets $500 400 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
RoboForex $1 1000 : 1 - Mini account
1000 : 1 - Standard account
300 : 1 - ECN account
Yes Yes
Royal Forex Trading (RFXT) $1 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
SaudiQuote $10000 100 : 1 - Mini account
100 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
Seven Star FX $200 400 : 1 - Mini account
400 : 1 - Standard account
300 : 1 - ECN account
No Yes
Solforex $200 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
Sterling Gent Trading (SGT) $50 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
STO - SuperTradingOnline $20 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
StocksM $500 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
StoxMarket $1000 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
Sunbird $1000 300 : 1 - Mini account
300 : 1 - Standard account
300 : 1 - ECN account
Yes Yes
SuperForex $1 1000 : 1 - Mini account
1000 : 1 - Standard account
Yes Yes
Swiss International (swissfs.com) $500 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
Sword Capital $100 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
tegasFX $200 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
TeleTrade (UAE) $1 100 : 1 - Mini account
100 : 1 - Standard account
Yes Yes
TempleFX $50 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
TFX Markets $50 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
Thinkmarkets $250 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
Tickmill $25 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
Titan FX $200 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
TIX FX $500 300 : 1 - Mini account
300 : 1 - Standard account
Yes Yes
TopFX $1 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
Trade Fintech $250 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
TRADE.com $250 400 : 1 - Mini account
200 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
Trade12 $250 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
Trade360 $100 400 : 1 - Mini account
400 : 1 - Standard account
No Yes
TradeFxP $25 500 : 1 - Mini account
1000 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
TradeNext $100 300 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
TraderNovo $100 400 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
No Yes
Traders Trust $100 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
Traders Way $1 1000 : 1 - Mini account
1000 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
TradersChoiceFX $250 50 : 1 - Mini account
50 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
TradersTFX $100 1000 : 1 - Mini account
500 : 1 - Standard account
1000 : 1 - ECN account
Yes Yes
TradeV $500 200 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
Tradeview Forex $100 400 : 1 - Mini account
400 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
TradingBanks $250 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
TradingForex.com $1000 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
TrioMarkets $500 300 : 1 - Mini account
300 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
Trust Capital $250 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
TryMarkets $500 500 : 1 - Mini account
400 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
Turnkey Forex $5 200 : 1 - Mini account
400 : 1 - Standard account
400 : 1 - ECN account
Yes Yes
UFX $500 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
Uniglobe Markets $10 500 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
USGFX $100 500 : 1 - Mini account
500 : 1 - Standard account
100 : 1 - ECN account
Yes Yes
VARIANSE $500 200 : 1 - Mini account
200 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
VENUSFX $100 500 : 1 - Mini account
500 : 1 - Standard account
No Yes
Vinson Financials $200 500 : 1 - Mini account
500 : 1 - Standard account
Yes Yes
Wenn Markets $100 100 : 1 - Mini account
300 : 1 - Standard account
250 : 1 - ECN account
Yes Yes
Windsor Brokers $100 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
xCFD $10 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
XForex $100 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
XGLOBAL Markets $500 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
XpoFX $10 400 : 1 - Mini account
400 : 1 - Standard account
Yes Yes
XTB UK $250 200 : 1 - Mini account
200 : 1 - Standard account
Yes Yes
XtreamForex $5 500 : 1 - Mini account
300 : 1 - Standard account
200 : 1 - ECN account
Yes Yes
Yadix $100 500 : 1 - Mini account
500 : 1 - Standard account
500 : 1 - ECN account
Yes Yes
YouTradeFX $500 500 : 1 - Mini account
300 : 1 - Standard account
300 : 1 - ECN account
Yes Yes
ZAR FX $500 300 : 1 - Mini account
300 : 1 - Standard account
Yes Yes

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.

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

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159 Comments

You’re right. Thank you, will be added.

I cant find peperstone company

I have personal experience with IkoFX and Accent Forex live accounts. I use these two broker to trade gold and silver, and find that the swap that IkoFx charges is ridiculous. I bought gold at 0.01 lot and held the position for 2 months and 10 days; the swap came up to -$14.81. This certainly reduces my profit for that position by a lot. It was a good thing that gold rallied a lot recently.

As for Accent Forex, although they say on their website that they offer swap-free accounts, they’ll only give it to you if you have some kind of proof that you are of the Islamic faith. Otherwise, they’ll not grant your request.

If you are a Muslim and wish to trade on the Forex market, there are plenty of options available to you. Most practicing Muslims often try to avoid the Forex market due to the interest rates. However, many brokers that deal in Forex accounts and binary options have begun to provide their customers with the option of opening Islamic accounts. In order to understand how Islamic forex accounts work, you need to develop a sound understanding of the Sharia law, which is the law followed by most practicing Muslims. See more

Royal Forex Trading sal
http://www.rfxt.com
offers this type of accounts too in a very professional way

ThreeTrades offers swap free accounts. $1 minimum deposit, 200:1 leverage, no fees or commissions.

Bigoption Forex broker is halal or haram?

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 http://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

your account will convert to jpy, that’s all. You won’t pay higher/lower spreads or commission be it usd or jpy account.

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

Thank you!

Dear BG,

NatureForex

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

Thank you very much!
Added all brokers.

Dear BG,

Forex Optimum

-Swap-Free

Dear BG,

FXCM

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

Dear BG,

http://www.fxunited.com

-Standard Account
Free Swap
Commission: No

-Premium Account
Free Swap
Commission: Yes

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.

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.

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.

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

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

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

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

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

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.

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: [email protected]

Thank you very much,

Quoc Thai, Nguyen.

Thank you!

Arab Financial Brokers (AFB) offers 1:1000 leverage

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!

Thank you!
will be added.

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

No I don’t, sorry..

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

Do you know that?? hmmm

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

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

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.

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

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

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

Thanks BG. That was quite helpful 🙂

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.www.100forexbrokers.com/fx/broker_search.php
Broker type: “no dealing desk”
Swap-ree accounts: “yes”

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

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

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

Thank you!

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

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

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.

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

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

Added. Thank you!

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.

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.

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

Any idea which broker offer the highest rollover rate ?

Thank you!

city credit capital offers it too…

thank you

Sorry, Sharif

I neither can read, nor translate it… Please submit you comment in english. Thank you!

HELLO 100FOREX BROKER

I AM SHARIF FROM INDIA IN TAMILNADU,

சில Forex broker கள் தருகின்ற leverage க்கு swap/rollover fee எடுக்கிறார்கள் ,இது இஸ்லாதில் ha-ram ஆகும்

sharif
91 9965031583

Look for brokers that are listed with “Any account” category on this page.
These brokers offer swap-free accounts to all clients, regardless the country of residence.

Neither India nor Sri Lanka are listed among the countries where swap-free accounts can be
obtained. Is there any broker who could oblige ?

That’s a difficult question at the moment for me, don’t know about other traders. At out site we haven’t attempted to compare swaps yet. Sorry.
Possibly visitors can each share the information about own swap rates with the broker.

Hi All,

Anyone here can comment which broker offering the best swap rate in the market ? I am using FXDD, FXCM currently to hold my overnight trade.

Thanks

Dear Joe and Trader

I got an email from http://www.almalfx.com saying they will start in 2011, Will post my review towards them as i was told they will have Swap free accounts only and i am a trader who trade slow and keep positions opened for long time so will try them and let you know.
Tried up to 6 brokers so far but to be honest not so happy with many of them but this is FOREX so will let you know.

Cheeers

Moe

Hi Trader, i did research about almalfx and yes they do exist by a website http://www.almalfx.com but it is still setting up as i sent an email to them and they replied as they will be starting by Jan 2011.

Thanks
Joe

… this however, won’t show which accounts are opened to all traders and which – only based on religion…
But that’s why the page about Islamic accounts exists.
I first thought of adding the MT4 column, but then realised that it would put too much emphasis on this particular platform on the site, which I don’t want to do.

Could the Broker Search tool solve it:

Select parameters:
– Hedging: yes
– Trading platform: MT4
– Swap-free accounts: yes

Then additionally tick the boxes “Show all” for the fields:
– mini account
– leverage
so they are displayed in the table as well.

Click to Search.

This should create a list of brokers who offer swap free accounts, allow hedging and have MT4 platform.

Thank you so much for the useful information. I would suggest adding just one more column “Platform Type”. As I plan to trade using Robots which normally work on MT4. At the moment I have to visit each broker’s site to see if they offer MT4 or not.

That’s not what I aimed for [e.g. to create any perception that I don’t trust brokers].

If the money from your trading account with the broker are missing without any reasons, and the broker isn’t providing any explanations of sufficient data – run away from such broker, and if possible inform others, report to authorities and… open account with another broker.

Forex brokers have the right to do business the way they know and feel is better for their long term success (including company reputation in general as well as any legal disputes and/or regulatory questions).

Forex traders have the right to make a choice. Sometimes the choice can be wrong, it’s no secret to anyone.
But it also doesn’t mean that the rest of the brokers are scammers.

On this site we don’t offer any black lists of Forex brokers whose reputation slipped out due to various reasons (in other words brokers which are discussed in the Internet as “scam brokers”).

We don’t put labels on brokers, instead we gather facts, keep reviews & discussion sections, give you details about trading conditions, regulatory status etc. In the end, you’re expected to decide which broker to trade with.

Dear BrokerGuru,

Based on your answer about putting big money in forex business, it seems like you are still not really trust forex broker. Have you ever had bad experience with them? Not about taking wrong position while performing your transaction, but the broker itself is not honest such as missing of money from account without reason and etc. Appreciate your willingness to share your experience.

I have been hearing there will be a new Forex Broker opening soon called http://www.almalfx.com, anyone knows about it ?

Oanda doesn’t offer Islamic accounts, that’s true.

Dear BrokerGuru, I believe the meaning of Islamic Account is an account without having interest to it trade. OANDA is applying interest to trade second by second. Thus OANDA is not offer an Islamic Account. TQ

Thank you for your feedback!

Putting $50-100K with a non-regulated broker..? I hope you’re not serious..
Any good investor knows how to protect their investment, his involves selecting a broker, bank, other institution you’re going to trust your money…

I don’t recommend brokers. It is against our website rules to recommend/pick any particular broker over the others.
All I can do is gather and provide facts for you. I trade with – Dukascopy, that’s a fact, not a recommendation.
I can’t provide any guarantees that any broker will live up to its standards and promises over the time. I hope you can understand me.

That’s why it’s up to you to choose a broker and take the responsibility for your decision, while we help you to compare the facts and figures.

BrokerGuru,

Thank you for this excellent site. I am concerned with these free swap brokers as most of them are not regulated. Have you tried putting in like $50,000 – $100,000 into these brokers? Would you mind sharing your experience? Would you please recommend any brokers that you have used and that you think is safe?

Thank you.

If your EA holds positions open overnight, you’ll be paying/earning swaps (triple swap on Wednesdays) on regular accounts, while on a swap-free account you won’t.
The swap is calculated each day, so closing a trade on Friday before 5 pm would eliminate only Friday swap.

Whether to trade with an EA on manually depends only on your preferences & level of skills & time you can devote to trading on a daily basis.
A good profitable EA is an excellent way to make money in Forex, but if you don’t have one – you can trade manually with same or even better results – all depends on you.

What difference will an EA make on a swap free account if it’s the same spreads?Also is it best to trade manually or with EA?Can you close positions on Friday so you don’t get charged?Thanks for the help.

Confirmed. LEADER FOREX offers swap-free accounts (any account except Supermini).

Tou’re right that there is no mentioning of swap free accounts on the site, however, in their listing application, they stated that they provide swap-free accounts.. I’ll need to double-check with them.

LEADER FOREX does not seem to be rollover-free.
http://www.leaderforex.com/trading-accounts/account-choices

That’s certainly should be corrected on our swap-free list.
Thank you for your help!

Thanks a lot for the valuable information you are providing here BrokerGuru!

It seems FXCM doesn’t offer Swap-free Micro account. I have opened one a few days ago and funded it. Later, when I requested to set my account to Swap-free I was told only Standard accounts have that feature. Sad, I kinda like Trading Station2 but, I have to pull out my funds now as I cannot trade on a Interest account. BrokerGuru, you might want to reconfirm this information and change the same here.

However, they allow hedging for Micro account. There is option to enable or disable hedging from the account settings.

Please use our broker search:
Forex brokers comparison

and among the matching broker, choose the one that allows holding open positions indefinitely without charges – for that you have to contact each broker.
Unfortunately, I don’t have time to perfom such detailed research for everyone. I’m sorry.

broker guru plz find me 1 forex broker who micro lot and swap free accound and as i hold long time position so no any other charges thanx

If you kept the trading position open on Friday night, it’ll be active over the weekend, so whatever you earn or lose over the weekend, will be available to you when the live trading resumes.
With majority of Forex brokers you’re not able to execute any trades or manage existing ones on the weekend, until Sunday 5pm (take into account time zones as well).
It has nothing to do with swap free accounts in particular. All trading accounts have the same access and the same trading hours determined by a broker.

Hello,
I heard that it is possible to trade in the weekend with an Islamic account.
Have you ever heard about the ability to trade over the weekend or
is it just a myth?

Thank you!

Thank you!

This broker offers swap free trading for Muslims or non Muslims as I heared
http://www.gcidealer.com

Dear BrokerGuru,

Broco has fixed commision for swap-free account ?

Thank you!
Listed both.

Dear BrokerGuru,

UwcFx.com (United World Capital) also have Islamic Account (swap-free) up on request.

Dear BrokerGuru,

SmartTradeFX…
Micro Acc. commission per 10,000 = 2.00
Mini Acc. commission per 10,000 = 1.50
Standard Acc. commission per 10,000 = 1.00

Thanks for adding information on one Financial.

Thanks for adding One Financial to this list with Islamic account. By the way One Financial leverage is 1:200 and they support hedging.

Windsor confirmed that they open swap-free accounts to all traders, but trades can keep a position for 5 days only, after which there is a commission.

Thank you!

Windsor swap-free is for Standard Account only.

Thank you for the info about iForex swap-free conditions.

Regarding Pronetfx, you have to ask about the swap-free account, they may not give much information on the website.

Dear Sir,

I could not find infomation or link about Islamic Account (swap-free) on the PronetFX.com website

iForex.com

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.

Thank you!

Good news…

A confirmation from figfx.com that they are now offering swap-free for Any Account, so clients should not have to request for Islamic Account anymore.

All the best!

Thank you!
Figfx listing is fixed.

One Financial offers Forex and CFD trading.

one finacial is a forex broker or not

Dear traders,
figfx swap-free is for Islamic Account only but not for any account.

Hello Broker Guru,
thank you for your opinion. I agree. I calculate this type of carry trades and it is really not so effective to hold position for many months (6 or more). To stay in position so long, you need to open small position and then the profit if also small. If you open big position, then profit on swap is bigger, but you will be margin called very soon. So the best way is to stay in position 1 or 2 months. And if you trade BIG money, it can be atractive for broker, I think. Good Luck. Jiri.

Hi Jiri,
Without charging swaps, a broker may get more customers, correct; however, some of those customers may not be the ones the broker wants to have: Forex brokers don’t favor carry traders, who may use a swap-free broker for a single purpose – to offset risks in a carry trade by opening and keeping a swap-free trading position for many month (a broker doesn’t earn a penny on spreads, because a trader doesn’t open new trades), while profiting from an opposite trade held with a second broker, where the carry trader earns a positive swap every day.
I once had a long conversation with a Forex broker, who wanted to know why I’m looking to open a swap free account. His purpose was to determine whether I’m planning to use the tactics I’ve described above.

Hello, I have a question. Why the most of brokers have so big problem with swap-free accounts? Of course, they don’t recieve swaps from traders, but they also don’t have to pay the swaps to traders! And maybe swap-free accounts are more atractive for traders, so broker will get more customers = it means more earned money on spreads. So why the most of brokers does not offer swap-free acounts without any additional charges or restrictions?? Thank you for your opinions.
Jiri from Europe.

@Jan: that was a mistake, sorry. You can hedge with Alpari UK.

@jameelsalim: yes, it’ll be possible to open an account with Tadawulfx.

i live in Australia and i am a Muslim (praise be to Allah) just asking is it possible for me to use tadawalfx reply to my email please jameelsalim()hotmail.com

Alpari UK hedging NO? Are you sure? I am just greenhorn, but they are FSA regulated and you have them in “brokers for hedging” http://www.www.100forexbrokers.com/brokers-for-hedging

I would like to open an account with some European low spread <2 EUR/USD(no commision), well known broker, which is OK with hedging and scalping, swap is not much important to me. I would like to start with account about 3000 EUR
Some people told me that Alpari UK si allright by my conditions, but here I see NO HEDGING, and I am confused...

Please help me

Jan

for which broker?

but anyway you cannot handle position longer then a week, or you could be charged. is it right?

I think istantforex too.

Thank you!

ForInvest Group (http://www.forinvests.net)
– Swap free account: Standard Accounts
– Min deposit: $100
– Max leverage; 500:1
– Hedging; yes
– Special: No Swaps, only if requested by the client.

That’s probably it then. I’m not ready to review all swap-free brokers at this moment, besides we’re still missing descriptions about fees and conditions for many brokers.

are there any good stp brokers that do no rollover for all clients with no additional fees? It seems like prime4x and avscarter do, but that seems like the only ones I’ve found.

Some updates were needed indeed. Thank you!

Since the new NFA rule for maximum 100:1 leverage kicked in, the maximum leverage for many of the brokers on this list has changed.

There is a number of brokers to choose from.
Please visit: http://www.www.100forexbrokers.com/fx/broker_search.php
Where select search paramenters:
– Account currency – “AUD”
– Swap-free – “yes”

Any one know of a broker (swap free) which offers multiple-currency accounts that can be funded in AUD ?

dbfx offers a swap-free account only if a trader has religious reasons to open one. A commission is added and it is equal to rollover charges paid on regular accounts.

Hi, Broker, have you confirmed about dbfx? As I know, they have conitions supply for open swap-free account.

Thank you!

prime4x has trade during news on the page of his site

prime4x offers a swap free account

Quite a task 🙂

I don’t have information about exact trading conditions for all brokers with swap-free accounts. The facts I had I’ve published and continue to publish. Review it quickly and make a list of brokers with suitable conditions.
A quick look at Forex Broker Comparison table will show which broker is registered and which is not.

I’m sorry, but making a highly customized list of brokers is something I can’t do for my visitors, I have already collected tons of information to make the rest of the comparison quick and easy. I’m not lazy 🙂 either, I just can’t spend days comparing brokers on request. I hope you can understand me.

Dear BrokerGuru,
I am looking for absolute swap free brokers (no swaps, no daily commissions like Aplari!, and no time limitations for orders to be open) and also i want the broker to be a regulated one.
Can you please help me?

Thank you!
That’s an important condition, I have added it to the list.

just to let you know, iforex has a condition which states you must open/close positions at least once a month

I’ve never heard of such accounts, or rather such term before. I’m afraid I won’t be able to name any brokers, I’m sorry.

Update: found the information at TADAWUL FX website:
Musharaka:
For clients using TADAWUL FX LTD. Musharaka scheme all profits and all losses will be evenly
shared between the client and TADAWUL FX LTD. After closing a trade and transferring its profit/loss
to the account, TADAWUL FX LTD. will debit/credit 50% of the profit/loss from/to the account.

For Islamic accounts I did not here any one mentioning musraka accounts did any one know any broker offer musraka (partnership accounts) I know only one do so tadawul fx I am in the USA and they are in Cyprus, there is any broker in Dubai or in the gulf do so.

You’re very welcome!
The work is still in progress: need to add further details here and there about swap-free conditions, but the list of brokers offering swap-free trading is complete.

Big thanks BrokerGuru for compiling this list. I am a muslim and just starting to dip my toe into the world of currency trading, so this is a massive help for me as I wouldn’t have known where to start otherwise (I feel like a 12 year old again about to start his first day at school!).

Thank you for detailed information.
Real Trade Group has been listed successfully!

Forex broker – Real Trade Group
Swap free account – Islamic account
Min deposit – $20
Max leverage – 1:500
Hedging – yes
Special conditions – Fixed commission of 5 cents per 0.01 lot, $1 per 0.1 lot.

AVS Carter is listed. Thank you.

AVS CARTER is a swap free broker and for me they havent even charged commissions !
I am not too sure if this is for every client or just for Muslim clients but they do a fantastic job and i have not seen their names mentioned here.
please add them.

Thank you!
AVS Carter has been added.

found another broker avs carter, offers swap free for all traders regardless of if you are muslim or not and they seem to be very prompt in withdrawals. check them out avscarter.com

True, OANDA has its own innovative approach to calculating interests.
I’m not aware of any other broker that uses the same interest calculation method.

Common sense deduces that Muslims can not trade with Oanda because if we look at this quote from them it would become self evident. “OANDA calculates interest rates continuously, by the second, over the entire 24-hour day” as you may already know the least part of Ribba is equal to having intimate relation with you own mother, we seek refuge from that so any broker calculating by the second is worst that the one who do it at the end of the day because least the one at the end of the day can be avoided

Please advise if any one else is calculating like Oanda

Alma Forex offers the possibility of http://www.almaforex.com/live-trading/account-types/swap-free.htmlSwap Free/Islamic account Forex with no rollover charges.
We do not increase spreads for Swap Free/Islamic Forex account, they are the same – lowest and fixed spread Forex.
Alma Forex offers Swap Free/Islamic account to all clients no matter what their religion or country of origin.
http://www.almaforex.com/help/1/107.html1 PIP SPREAD FOREX for EURUSD, USDCHF, USDJPY, GBPUSD, AUDUSD, USDCAD. Automatic orders execution. Scalping is allowed.
50 currency pairs, gold and silver.Leverage up to 500:1. Minimum deposit from $ 1, maximum deposit is not limited.
Details on http://www.almaforex.com

I’ll check. Thank you.

Deutsche Bank does not seem to be rollover-free.

http://www.dbfx.com/dbfx/pages/rollovers.jsp

Thank you!
Forex-Metal has been added.

Forex-Metal broker also offers no-swap accounts. You might want to add them to your list.

Hi Scott,

Swaps are normally charged at 17:00pm (time zone can be different). So if you have a position open at 17:00, it is a subject for a swap. You may not see the swaps right after 17:00, but they will appear later.
At the same time Islamic accounts are charged a commission, which substitutes swaps.
In any case you should ask your broker at what time they calculates swaps/commissions, because it may differ sometimes.

To stay completely free from swaps, you’d need to close a position before 17:00pm and re-open it after 17:00pm.
To stay completely free from commissions, you’d need to do the same: close and open. Alternatively, you’d need to find a broker with a swap-free account who instead of charging a commission, simply rises spreads a bit (to about 1-2 pips higher than for a normal account).

Brokerguru,
When are the swap rates calculated? From 17:00 ET to when? When are we free from swap rates for non-islamic accounts.

Scott

Hi Scott,

Thank you 🙂
Some brokers have strict rules about opening swap free accounts to Muslim traders only, while others offer swap-free (still known as Islamic) accounts to anyone. You just have to ask them what rules they have.

I’m working on completing this page, here is a temporary solution as to how to read the information in the table above where it says “Swap free account Special conditions”:
Islamic accounts – means that brokers offer swap-free accounts to Muslims only.
Any account – means that brokers offer swap-free accounts to all traders.
Standard account – I believe it is also for every trader, but again, you’d better check it out. The page isn’t finished, there could be exceptions, conditions and other rules for every individual case.
Good luck!

Hey BrokerGuru,
Can anyone not Islamic get a swap free account. The EA for me strictly requires a Swap free account. How would they know if you are Islamic or not by the way? Thank you, I am in need dire need of a swap free account. Is that an absolute rule or can other non Islamic people qualify?

Scott

BrokerGuru, again I don’t know how to thank you. When all else is failing I come back to this site and most of my questions are answered. Thank you again, sir.

Scott

As we have learned, OANDA has introduced a new concept of rollover-free trading: OANDA calculates interest rates continuously, by the second, over the entire 24-hour day. This cancels the need for traders to close positions unnecessarily with daily interest just to avoid the interest ramifications of the end-of-day rollover swap.
Read more about the http://fxtrade.oanda.com/forex_trading/why_trade_with_oanda/feature_effects_of_continuous_interest_rate_payments.shtml swap-free trading with OANDA.

Thank you! We’ll review and add them.

Oanda is rollover free broker also