A forex broker swap free account — also known as an Islamic forex account — allows traders to hold overnight positions without paying or earning interest (swap or rollover fees). These accounts comply with Shariah law, making them suitable for Muslim traders who wish to avoid riba (interest) while still participating in the currency markets.
This guide ranks the best swap-free forex brokers in 2025, explains how they work, and outlines the key features and conditions to watch for.
What Is a Swap-Free Forex Account?
Definition
A swap-free account is a trading account that does not charge or credit overnight interest on positions held beyond the market close (typically 5 PM EST). Instead, brokers may apply administrative or fixed fees to offset the absence of swaps.
Shariah-Compliant Trading
- Avoid interest (riba) in accordance with Islamic law
- Maintain access to all standard trading tools
- Often have limited holding periods or asset restrictions
- Require a declaration or proof of faith in some cases
Best Swap-Free Forex Brokers (2025)
1. XM – Best Global Islamic Forex Broker
- Regulation: CySEC, IFSC
- Platforms: MT4, MT5
- Spread: From 0.1 pips (Zero account)
- Leverage: Up to 1:888
- Swap-Free Access: Available on all account types (request-based)
- Best For: Multi-lingual traders needing global support
2. AvaTrade – Best Fixed Spread Swap-Free Broker
- Regulation: ASIC, FSCA, BVI
- Platforms: MT4, MT5, AvaTradeGO
- Spread: Fixed from 0.9 pips
- Leverage: Up to 1:400
- Swap-Free Access: Available for Muslim clients (on request)
- Best For: Beginner traders seeking cost stability
3. TibiGlobe – Best High Leverage MT5 Islamic Broker
- Regulation: Offshore
- Platform: MT5
- Spread: From 0.2 pips
- Leverage: Up to 1:1000
- Swap-Free Access: Available on request, no time limits
- Best For: MT5 users requiring high leverage and offshore flexibility
4. FXTM – Best for Africa and Asia Swap-Free Traders
- Regulation: FCA, FSCA, CySEC
- Platforms: MT4, MT5
- Spread: From 0.1 pips
- Leverage: Up to 1:2000 (offshore)
- Swap-Free Access: Automatic for Muslim clients in eligible regions
- Best For: Regional access and local deposit methods
5. Exness – Best Unlimited Swap-Free Access
- Regulation: FSCA, FSA, CySEC
- Platforms: MT4, MT5
- Spread: From 0.0 pips
- Leverage: Up to Unlimited
- Swap-Free Access: On most accounts with unlimited duration
- Best For: Traders holding long-term positions without rollover charges
Comparison Table
| Broker | Regulation | Spread From | Leverage | Platforms | Swap-Free Policy |
|---|---|---|---|---|---|
| XM | CySEC, IFSC | 0.1 pips | Up to 1:888 | MT4, MT5 | Full access on request |
| AvaTrade | ASIC, FSCA | 0.9 pips | Up to 1:400 | MT4, MT5, AvaGO | Fixed spread Islamic account |
| TibiGlobe | Offshore | 0.2 pips | Up to 1:1000 | MT5 | High leverage, MT5 only |
| FXTM | FCA, FSCA | 0.1 pips | Up to 1:2000 | MT4, MT5 | Auto-activated regionally |
| Exness | FSCA, CySEC | 0.0 pips | Unlimited | MT4, MT5 | Unlimited swap-free duration |
Things to Consider
- Asset Restrictions: Some brokers exclude exotic pairs or cryptos from swap-free status
- Administrative Fees: Charged after a grace period in place of overnight swaps
- Account Request: Some require manual approval or Islamic declaration
- Holding Limits: Avoid brokers that enforce 7-day or 14-day maximum durations
How to Open a Swap-Free Account
- Choose a broker offering Islamic trading
- Select your preferred platform (MT4/MT5)
- Request a swap-free upgrade during or after registration
- Verify your identity and compliance status
- Begin trading without interest charges
Key Takeaways
- Swap-free accounts are ideal for Muslim traders or anyone avoiding overnight interest.
- XM, AvaTrade, and FXTM offer flexible and regionally inclusive Islamic accounts.
- TibiGlobe and Exness support high leverage and extended holding with no rollover.
- Always check asset exclusions, admin fees, and account limits before trading.
Frequently Asked Questions
What is a swap-free forex broker?
A swap-free forex broker offers accounts that avoid overnight interest charges, compliant with Islamic financial principles.
Are swap-free accounts only for Muslims?
Primarily yes, but some brokers allow them for anyone — others require proof of Islamic faith.
Do swap-free brokers charge hidden fees?
Some charge administrative fees or limit certain instruments. Always read the terms.
Which broker has the best swap-free account?
XM and AvaTrade are ideal for compliance and support, while TibiGlobe offers high leverage.
Is MT5 available for swap-free trading?
Yes. All top brokers including TibiGlobe, XM, and Exness support MT5 swap-free accounts.
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