Best Swap-Free Forex Brokers in 2025

Swap-free trading accounts, also known as Islamic accounts, are designed for traders who want to avoid overnight interest charges on open positions. While these accounts were originally created to comply with religious principles, they have also become popular among swing and position traders who prefer to avoid rollover fees for strategic reasons. 

Today, many forex and CFD brokers offer swap-free account options, both under regulated and offshore entities, with various conditions and pricing models. 

Now let’s compare the top 10 swap-free forex brokers in 2025 and explain how to choose the right one for your trading needs.

What is a Swap-Free Forex Account?

In forex trading, swap rates (also called overnight fees or rollover charges) are applied when a position is held overnight. These fees reflect the interest rate difference between the two currencies in a pair and can either be a cost or a credit, depending on the direction of your trade.

A swap-free forex account eliminates these overnight fees. While these accounts were originally designed for Muslim traders following Shariah law, which prohibits interest, they are also widely used by swing traders and investors who prefer to avoid paying swaps over long holding periods.

Key differences from standard accounts

• Swap-free accounts do not apply overnight interest charges on open trades.
• Some brokers adjust the account conditions by offering slightly wider spreads or applying fixed commissions to balance the swap-free feature.
• Swap-free terms may not apply to all instruments. Always double-check the broker’s swap-free policy to avoid surprises, especially when trading exotic pairs or CFDs.

Advantages and Limitations of Swap-Free Trading

Swap-free accounts offer flexibility for traders who want to avoid overnight charges, but they also come with some trade-offs that should be considered carefully.

Advantages

No swap or rollover fees, making them suitable for traders holding positions overnight or long term.

• Compliant with religious principles, allowing Muslim traders to trade without conflict.
• Useful for strategies that aim to hold trades for several days or weeks without worrying about swap accumulation.

Limitations

Some brokers may apply wider spreads or extra fixed commissions to compensate for the missing swap fees.

• Swap-free conditions may only apply to specific instruments, often limited to major forex pairs.
• Brokers may have restrictions on how long the position remains swap-free.

Top Swap-Free Forex Brokers in 2025

Below table contains the best brokers around the world, providing a swap-free account. So, you can compare their strengths and weaknesses.

zForex Review Summary

zForex offers a dedicated swap-free account option designed both for Muslim traders and those seeking to avoid overnight interest costs. Available on MT5 and cTrader. The swap-free trading is available only for certain instruments such as XAUUSD, XAGUSD, EURUSD, AUDUSD, EURGBP, EURJPY, GBPJPY, GBPUSD, NZDUSD, USDCAD, and USDJPY.

The broker also provides zero spread trading with a real ECN account.

zForex stands out by providing dynamic leverage, competitive spreads, and transparent trading conditions without hidden fees, making it a strong choice for high-frequency and position traders alike.

Clients benefit from competitive bonuses and pricing, fast withdrawals, and active educational resources.

Broker-2 Review Summary

Broker 2 provides swap-free versions of both Standard and Raw Spread accounts, catering to traders who want to avoid overnight fees without sacrificing competitive pricing. The broker offers a 10-day grace period for holding positions swap-free, after which administrative fees may apply. With its ASIC and CySEC licenses, Broker 2 is a trusted name for those seeking a regulated environment combined with swap-free flexibility.

The broker’s wide asset selection, tight spreads, and reliable execution make it a popular choice among swing and long-term forex traders.

Broker-3 Review Summary

Broker 3 offers Islamic account options across its Standard and Raw Spread accounts, with swap-free trading on most forex pairs and commodities. Known for its fast execution, low spreads, and wide range of platforms, including cTrader and MT5, Broker 3 remains a favorite among serious traders looking for swap-free conditions combined with institutional-grade pricing.

The broker ensures swap-free conditions are compliant with Shariah finance and provides clear terms, though it's essential to check which instruments are included under the swap-free structure.

Broker-4 Review Summary

Broker 4 supports swap-free accounts across several account types, including cent, standard, pro, and raw spread. The broker offers swap-free terms to clients outside the EU without additional costs or hidden markups, making it attractive for budget-conscious traders who want flexibility. With its offshore license, Broker 4 offers higher leverage and access to a wide range of forex, indices, stocks, and cryptocurrencies.

Its user-friendly approach, variety of platforms, and straightforward swap-free terms appeal especially to newer traders and those managing smaller accounts.

Broker-5 Review Summary

Broker 5 provides swap-free accounts upon request, allowing Muslim clients to trade interest-free across its wide selection of CFDs. The broker operates under multiple top-tier licenses and offers a simple-to-use proprietary trading platform. While Broker 5’s swap-free account requires manual approval, once activated, it allows traders to access all available instruments without overnight charges.

Broker 5’s no-commission structure and clear pricing make it appealing for traders who value simplicity and transparency in their swap-free trading.

Broker-6 Review Summary

Broker 6 offers swap-free accounts under its Islamic account offering, available on both MT4 and MT5 platforms. Regulated by reputable bodies like the FCA and CySEC, FXTM provides secure conditions combined with attractive leverage and swap-free flexibility. The broker also stands out for its educational materials, making it a good option for both beginner and intermediate traders seeking swap-free conditions.

The broker’s swap-free account is available on request and supports forex, indices, commodities, and stocks, though clients should review the broker’s list of instruments where swap-free terms apply.

Broker-7 Review Summary

Broker 7 supports Islamic swap-free accounts for clients needing Shariah-compliant trading conditions. The broker offers these accounts on MT4, MT5, and cTrader platforms, with access to forex, indices, metals, and crypto CFDs. Broker 7 operates under multiple global licenses and provides tight spreads and fast execution.

The broker maintains swap-free account conditions only for religious purposes, so clients may need to provide documentation when requesting the account type.

Broker-8 Review Summary

Broker 8 offers swap-free accounts with broad instrument support and no hidden fees under its Islamic account structure. The broker allows clients to trade forex, metals, indices, stocks, and cryptos while enjoying swap-free conditions compliant with Islamic finance. Broker 8 is regulated across several respected jurisdictions and offers competitive spreads along with flexible leverage.

Clients appreciate Broker 8 for its instant withdrawal system, transparent swap-free policies, and user-friendly account setup process.

Broker-9 Review Summary

Broker 9 provides swap-free accounts by default for clients requesting Islamic accounts, ensuring all trades are swap-free without additional charges. Known for its simple pricing and Shariah-compliant conditions, Broker 9 supports MT4 and MT5 platforms and offers access to major forex pairs, commodities, and indices.

The broker’s fixed spread accounts and no-commission options make it particularly attractive for traders looking for easy-to-understand cost structures while staying swap-free.

Broker-10 Review Summary

Broker 10 offers swap-free accounts tailored for Muslim traders across its MT4, MT5, and its own platforms. Traders can access forex, indices, stocks, commodities, and cryptocurrencies under swap-free terms while enjoying regulated protection under the Central Bank of Ireland and other global regulators.

Broker 10’s swap-free accounts are available on request and are designed to meet the needs of traders seeking both Islamic-compliant trading and a wide variety of CFDs.

Choosing a Swap-Free Broker

Finding a broker that offers swap-free accounts is easy, but choosing the right one for your trading style requires a bit more attention. Not all swap-free accounts are created equal, and some brokers apply hidden charges, wider spreads, or limit the instruments that can be traded under swap-free conditions.

Before opening a swap-free trading account, here are the most important things to check:

• Account Type & Terms:
  Confirm if the broker offers swap-free conditions automatically or if you need to request it manually.
• Product Coverage:
  Check if the swap-free status applies to all instruments or only to forex majors. Most brokers exclude cryptos, indices, or exotics from swap-free terms.
• Spreads & Commissions:
  Compare spreads and commissions carefully. Some brokers compensate for the lack of swaps by adding much higher spreads or commissions.
• Duration Limits:
  Review if the broker applies a time limit for swap-free status. Some brokers impose administrative fees after a certain number of days.
• Execution Quality & Slippage:
  Test the broker's execution speed and check for slippage, especially if you're trading during high volatility or holding large positions.
• Withdrawal and Funding Policy:
  Always test a small withdrawal to see how smooth and fast the process is. 
• Broker Reputation & Reviews:
  Look for trader discussions on forums like Forex Factory and Trustpilot. Pay attention to complaints about swap-free terms and hidden costs.

FAQ – Swap-Free Forex Brokers & Accounts

Can swap-free accounts be abused by holding carry trades?
Some brokers monitor swap-free accounts for misuse, like holding carry trades only to benefit from swap-free conditions. If flagged, the broker might revoke swap-free status or apply extra fees.

Are swap-free accounts available for demo accounts too?
Most brokers do not offer swap-free features on demo accounts. Swap-free conditions generally apply only on real (live) accounts.

Do brokers apply different stop-out levels on swap-free accounts?
In some cases, brokers might set different stop-out or margin call levels on swap-free accounts. Always check the account specifications before getting started.

Can swap-free accounts access promotions or deposit bonuses?
It depends on the broker, most of the time the answer is yes. Yet always check the terms & conditions before making a deposit.

Do swap-free accounts have weekend rollover protection?
Swap-free accounts eliminate daily swaps, but weekend volatility and price gaps still apply. Traders should still manage risks carefully over weekends.

Is there a difference between Islamic accounts and swap-free accounts?
Technically, swap-free accounts are often called Islamic accounts, but some brokers offer swap-free options to all clients regardless of religion, while others limit them strictly to Muslim clients.