Forex brokers with swap-free accounts

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

Forex brokers who offer Islamic or swap-free accounts list

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.

Broker	Swap free account	Deposit	Leverage	Hedging	Special conditions
10Markets	Islamic accounts	$5	500:1	yes
1BillionForex	Any accounts	$5	500:1	yes
24FX	Islamic accounts	$250	400:1	yes
4XNetworks	Islamic accounts	$1	1000:1	yes
5StarsForex	Any accounts	$500	500:1	yes
AAAFx	Islamic account	$300	500:1	yes	No fees are changed in order to replace swap fees.
AAFX Trading	Standard account	$50	2000:1	yes
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 account	$100	400:1	yes	No interest on contracts lasting longer than 24 hours - zero rollover interest consistently. No additional rollover commissions.
Admiral Markets	Islamic account	$10	500:1	yes	No special conditions.
AGEA	Islamic account	$500	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	200:1	yes	All accounts are swap-free for everybody without any additional charges.
AJAJ Group	Islamic account	$5	400:1	yes	Islamic classic account. No swap.
Alfa Financial	Islamic account	$25000	100:1	yes
Alpari	Any account	$1	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	$200	400:1	yes
AMFX	Islamic account	$500	400:1	yes
AmigaFX	Any account	$50	400:1	yes	No roll over fees
ALVAST TRADE	Any account	$100	200:1	yes	No special conditions
Atom8	Standard account	£5000	100:1	yes	No special conditions
ATS Markets	Islamic account	$50	500:1	yes	No special conditions
AvaTrade	Islamic account	$100	400:1	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.
Back Bay Markets	Islamic account	$500	400:1	yes
BCapitalsFX	Islamic account	$10	400:1	yes
BelforFx	Islamic account	$100	400:1	yes	No special conditions.
BlackBull Markets	Islamic account	$100	500:1	yes
BMFN Arab	Islamic account	$1000	100:1	yes	Islamic clients only and with BMFN Arab.
Bulls And Bears Forex UK	Islamic account	$500	500:1	yes
Bulls Capital Markets	Islamic account	$50	500:1	yes
Caesar Trade	Islamic account	$25	500:1	yes
Capital Index	Islamic account	£1	200:1	yes	No interest/swaps, no spread widening, no time limit on positions
CAPPROFX	Standard account	$10	1000:1	yes
CFD1000	Any account	$200	400:1	yes	No special conditions
CFH Clearing	Any account	$50000	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.
CM Trading	Islamic accounts	$250	400:1	yes
CMS Forex	Any account	$250	50:1	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.
ContinentalFX	Standard accounts	$1000	200:1	yes
CommexFX	Islamic accounts	$5	400:1	yes	Dedicated Swap-free accounts.
Core Liquidity Markets	Standard accounts	$250	500:1	yes
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.
DartTrader	Standard accounts	$10	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	$5000	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 (non-US accounts)	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).
eToro	Standard accounts	$1000	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.
FastBrokers (non-US accounts)	Islamic accounts	$2500	50:1	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	$1	2000:1	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	Optional.
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	$500	200:1	yes	accounts are swap free in accordance with religious conditions
FinFX	Any account	$100	200:1	yes	On request for Micro account
Finpro Trading	Islamic account	$100	200:1	yes	no SWAP being applied.
FirewoodFX	Any account	$10	1000:1	yes
Forex.com	Islamic account	$250	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.
FXOptimum	Standard account	$10	500:1	yes	Swap-free - yes.
Forex Rally	Any account	$100	1000:1	yes	Swap-free - available to anyone.
Forex-Metal	Any account	$1	2000:1	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.
Forex.ee	Any account	$100	500:1	yes	No special conditions.
Forex4you	Any account	$1	1000:1	yes	No special conditions.
FOREXer	Any account	$10,000	10:1	yes	No special conditions.
ForexYard	Islamic accounts	$100	200:1	yes	No swap, no commission, regular spreads.
Fort Financial	Any account	$5	1000:1	yes	Pro accounts cannot be swap-free.
Fortress Capital	Standard account	$2000	50:1	no	No special conditions
FW Markets	Standard account	$100	500:1	yes
FX Money World	Any account	$250	400:1	yes	No special conditions
FX Next	Islamic accounts	$500	200:1	yes	No special conditions
FX-EDGE	Any account	$200	100:1	yes	No special conditions
FXCM	Standard account	$2000	50:1	no	Can be requested for MT4 account with min. deposit $2000.
FXDD (non-US accounts)	Islamic accounts	$2000	200:1 (non-US), 50:1 (US)	no, FXDD Malta - yes	Islamic clients only and trading activities are monitored
FXGM – Forex Global Market	Any account	$200	200:1	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	$50	500:1	yes	No special conditions.
FXOpen	Islamic accounts	$1	500:1	yes	No special conditions.
FXFlat	Standard accounts	€200	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	500:1	yes	Continuous monitoring of accounts to avoid abuse.
FXTPG	Islamic accounts	$50	500:1	yes
FxUnited	Standard account	$200	500:1	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.
GDMFX	Islamic account	$100	500:1	yes
GIFX	Islamic account	$100	500:1	yes
GKFXPRIME	Islamic account	$1	1000:1	yes	commission charge applies for all positions that are kept open for 5 consecutive nights on swap free accounts
Golden Tangent	Islamic account	$500	400:1	yes
Grand Capital	Any account	$10	500:1	yes	no swaps on Swap Free account.
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	1000:1	yes	No special conditions
HeartForex (MT4)	Any account	$500	200:1	yes	No special conditions
HotForex	Islamic account	$5	1000:1	yes	The Micro Account is available as Swap Free for clients following the Muslim Faith. Flexible bonus.
HY Markets	Islamic accounts	$50	300:1	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
iClickNTrade	Any account	$250	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	$200	500:1	yes	No special conditions.
IFC Markets	Islamic accounts	$100	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	$1	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	$1000	400:1	yes	Clients can have all interest charges or credits eliminated from their account in exchange for paying a 5$ commission per lot.
IKOFX	Islamic account	$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 accounts	$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
IMMFX	Any account	$200	1000:1	yes
InstaForex	Any account	$1	1000:1	yes	Unlimited time to carry the positions.
Investorseurope	Islamic account	$250	400:1	yes	No special conditions.
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 account	$100	100:1	yes
IV Brokers	Islamic account	$100	500:1	yes	No special conditions.
JustForex	Islamic account	$1	2000:1	yes	No special conditions.
KAWASE	Islamic account	$100	500:1	yes
LAND-FX	Islamic account	$300	500:1	yes	Available to Islamic accounts with a few conditions.
LiderForex	Any account	$100	200:1	yes	Micro accounts of $25 don't have the swap-free feature.
LiteForex	Any account	$10	1000:1	yes	Accounts opened on request.
Markets.com	Islamic account	$100	200:1	yes	No special conditions.
MaxFX	Islamic account	$200	500:1	yes
MTrading	Any account	$1	1000:1	yes
MFX Broker	Islamic account	$1	1000:1	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.
MAYZUS	Islamic account	$100	400:1	yes	only available to clients of Islamic faith.
MBCFX	Islamic account	$1000	200:1	yes	Micro accounts of $25 don't have the swap-free feature.
MTI Markets	Islamic account	$100	1000:1	yes
MTN-FX	Standard account	$1	400:1	yes
NAS Broker	Standard account	$1	1000:1	yes
NatureForex	Islamic account	$20	1000:1	yes
Nexsus Financial Markets	Standard account	$250	400:1	yes
NewForex	Any account	$1	1000:1	yes
NorFX	Islamic account	$5	1000:1	yes
NoaFX	Islamic account	$10	500:1	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.
PaxForex	Islamic account	$10	500:1	yes	No special conditions.
PCM Brokers	Islamic account	$100	400:1	yes	No special conditions.
Profiforex	Standard account	$5	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.
Royal Forex Trading	Islamic account	$10,000	400:1	yes	Trade with no swap charges and with no other additional charges, spread or hidden fees.
RoboForex	Any account	$1	1000:1	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.
Ruizean Trader	Standard accounts	$200	400:1	yes	No special conditions.
Sensus Capital Markets	Islamic accounts	€1000	500:1	yes	No special conditions.
Seven Star FX	Islamic accounts	$500	500:1	yes	No special conditions.
Sterling Gent Trading	Islamic account	$50	400:1	yes	Shariah-compliant “no riba” accounts for observant Muslims. Pay no interest and receive no interest.
SmartTradeFX	Islamic account	$100	300:1	yes
STOCK.com	Islamic account	$250	200:1	yes
StoxMarket	Islamic account	$1000	500:1	yes
Sunbird	Islamic account	$1000	300:1	yes	Swap free accounts (Roll Over fee) with no extra charge or fee.
Super Hot Forex	Any account	$200	500:1	yes
Swiss International Financial Brokerage K.S.C.	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	100:1	yes	No special conditions.
TFX Markets	Any account	$50	500:1	yes	No special conditions.
ThreeTrades	Standard account	$1	200:1	yes
ThinkForex	Islamic account	$250	500:1	yes	Accounts opened on request. Monitoring of accounts to avoid any abuse.
Tifia	Any account	$100	400:1	yes
Titan FX	Any account	$200	500:1	yes	No swaps. Trade holding fees are payable on any trades held open for two days or more.
TopFX	Standard accounts	$1	100:1	yes
Trade12	Islamic account	$250	400:1	yes	No special conditions.
TradeFxP	Islamic account	$25	500:1	yes
Trader's Way	Islamic account	$1	1000:1	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	$100	300:1	yes
TradeWiseFX	Standard accounts	$25	500:1	yes
TradingBanks	Any account	$250	400:1	yes
TradingForex.com	Islamic accounts	$1000	200:1	yes	Charged from day one the amount of 5USD per lot per day for storage fees.
Tradize	Any account	$100	1000:1	yes
TrioMarkets	Islamic accounts	$100	300:1	yes	No swap points on overnight positions for online traders from Arabic countries.
Trust Capital	Any accounts	$250	400:1	yes
UFX	Islamic accounts	$500	400:1	yes	Continuos monitoring of accounts to avoid abuse. Commodities and indices allowed.
UpFX	Any account.	$100	300:1	yes	Optional, on request.
Windsor Brokers	Any account	$250	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	500:1	yes	Available to anyone.
Vomma	Any account	$10	500:1	yes	commission $10 per lot applies
xCFD	Standard accounts	$500	100:1	no
XForex	Islamic accounts	$100	400:1	yes	Accounts opened on request and are subject to approval.
XGLOBAL Markets	Any account	$500	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	Islamic accounts	$1	20:1	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.
YouTradeFX	Islamic accounts	$500	500:1	yes	No special conditions.
ZAR FX	Islamic accounts	$500	500:1	yes	No special conditions.
Do you know another Forex broker that has rollover(swap) free trading accounts? Please suggest by adding a comment below.

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.

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.

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.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