A forex broker free swap account, also known as a swap-free account, eliminates overnight interest charges or credits on open positions. This feature is essential for Islamic traders who must comply with Shariah finance principles that prohibit earning or paying interest (riba). However, many non-Muslim traders also choose swap-free accounts to avoid rollover fees in long-term strategies.
This guide outlines the best swap-free brokers in 2025, how these accounts work, and what to watch for before choosing one.
What Is a Free Swap Forex Account?
Definition
A swap-free forex account does not charge or earn overnight interest when a trade is held past the daily rollover time (usually 5 PM EST). Instead, the broker may charge:
- A fixed administration fee
- A markup on spreads
- Or impose asset/holding time restrictions
Who Uses Them?
- Islamic traders (faith-based compliance)
- Swing and position traders (long holding periods)
- Traders avoiding swap unpredictability
Best Forex Brokers with Free Swap Accounts (2025)
1. XM – Best Overall Swap-Free Broker
- Regulation: IFSC, CySEC
- Platforms: MT4, MT5
- Leverage: Up to 1:888
- Free Swap: Available upon request for Muslim clients
- Account Types: Micro, Standard, XM Zero
- Terms: No swap on majors, limited time on exotics
- Best For: Global Islamic traders and long-term holders
2. FXTM – Best for Automatic Swap-Free Access
- Regulation: FCA, FSCA, CySEC
- Platforms: MT4, MT5
- Leverage: Up to 1:2000
- Free Swap: Automatically applied based on location/religion
- Account Types: Micro, Advantage, Standard
- Terms: Admin fees apply after 7 days
- Best For: MENA and Asia-based Islamic traders
3. TibiGlobe – Best High Leverage Swap-Free Broker
- Regulation: Offshore
- Platforms: MT5
- Leverage: Up to 1:1000
- Free Swap: On request, unlimited duration
- Account Types: ECN, Standard, Copy
- Terms: Applies to all instruments without holding limits
- Best For: Aggressive long-term strategies and Shariah traders
4. Exness – Best for Unlimited Swap-Free Options
- Regulation: FSCA, CySEC
- Platforms: MT4, MT5
- Leverage: Up to Unlimited
- Free Swap: Activated per instrument and client profile
- Account Types: Standard, Raw Spread, Zero
- Terms: No swap on selected assets, no expiry
- Best For: Multi-asset traders wanting rollover flexibility
5. AvaTrade – Best Fixed Spread Swap-Free Account
- Regulation: ASIC, FSCA, BVI
- Platforms: MT4, MT5, AvaTradeGO
- Leverage: Up to 1:400
- Free Swap: On request for Muslim traders
- Account Types: Standard only
- Terms: Applies to forex only, fixed spreads
- Best For: Beginners wanting cost predictability
Comparison Table
| Broker | Swap-Free Access | Leverage | Platform(s) | Admin Fees | Account Limit | Best For |
|---|---|---|---|---|---|---|
| XM | On request | Up to 1:888 | MT4, MT5 | ❌ | Some instruments | Global Islamic traders |
| FXTM | Auto-applied | Up to 1:2000 | MT4, MT5 | ✅ (after 7 days) | None | MENA/Asia clients |
| TibiGlobe | Full access | Up to 1:1000 | MT5 | ❌ | No restrictions | High-leverage swing trading |
| Exness | Selective assets | Unlimited | MT4, MT5 | ❌ | Asset-based | No-swap long-term trading |
| AvaTrade | On request | Up to 1:400 | MT4, MT5 | ✅ | Forex only | Fixed spread simplicity |
How to Open a Free Swap Account
- Choose a broker that offers swap-free access
- Register and verify your identity
- Select an account type and request Islamic status
- Await confirmation (some brokers require religious declaration)
- Start trading swap-free instruments
Important Conditions to Check
| Condition | What to Watch For |
|---|---|
| Duration Limits | Some accounts expire after 7–14 days |
| Asset Restrictions | Exotics, crypto, or indices may be excluded |
| Fee Replacement | Admin charges may replace swaps |
| Geographic Availability | Some brokers limit swap-free by location |
| Profit Withdrawal | Confirm if profits from swap-free trades are allowed |
Key Takeaways
- Swap-free forex accounts remove overnight interest charges, ideal for Islamic traders and long-term strategies.
- XM, FXTM, and TibiGlobe offer the most flexible and trader-friendly free swap policies in 2025.
- Always check for hidden admin fees, duration limits, and instrument exclusions.
- Swap-free does not mean cost-free — verify all terms and trading conditions.
Frequently Asked Questions
What is a swap-free forex broker?
A broker that offers trading accounts without overnight interest charges, in line with Islamic finance principles.
Are swap-free accounts only for Muslims?
Primarily yes, but many brokers allow non-Muslim traders to request them, especially for strategic or cost reasons.
Do swap-free accounts charge other fees?
Yes, some brokers apply admin fees, wider spreads, or limit instruments instead of charging swaps.
Which broker offers the best swap-free account?
TibiGlobe offers high leverage and no holding restrictions, while XM is best for regulated global access.
Can I use MT5 on a swap-free account?
Yes. All listed brokers offer swap-free trading on MT5, including TibiGlobe, Exness, and FXTM.
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