Swap-Free brokers

Swap-free brokers

Below you may see rating of Brokers which provide its clients with the opportunity to use Swap-free accounts developed for traders who use trading systems which do not take into considerations swap influence or traders who can not use swaps because of their religious beliefs. This determines the second name of this account type – “Islamic accounts”.

If a trader has swap-free account he/she does not get or loss any sum of money when there is a need to carry position over midnight despite of the position volume. Even holding a long-term position a trader may be sure that only currency rate may influence the result of the deal.

Forex-brokers which provide an opportunity to open accounts without swaps are popular in the Islamic world.
 

Forex Broker Rating!

Logo Name Info For Against Vote Comments Statistic
1 InstaForex InstaForex
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InstaForex

Country of origin: Russia
Leverage: from 1:1 to 1:1000
Regulation: Regulated by Russian FFMS.
Minimum account size: $1
Minimum lot size: 0.01
Payment options: RBKMoney, Qiwi, MoneyBookers, AlertPay, Pecunix, EuroGoldCash (USD), Visa cards, MasterCard
Spreads: 3 pips on EUR/USD
On-line since: 2008

InstaForex is ECN-Broker, provided qualitative trading services on Forex market. Cooperation with the biggest market makers and huge Brokers-contractors complete with broad client base provide InstaForex with high liquidity and opportunity to provide really fast on-line service to its clients.
InstaForex Group is recognized as the best broker in Asia 2009 following the results of World Finance Award, the respectable reward in the world of financial markets, held by the World Finance magazine annually. One more established European magazine CNBC Business Magazine acknowledged InstaForex Group as the most dynamically developing Forex-broker in 2009. InstaForex Group was also recognized as the best Forex-broker according to the results of ShowFxWorld and ShowFxAsia exhibitions, which were held in Moscow and Kuala-Lumpur in 2009.

Web-site: InstaForex

75% 25% -
2 eToro eToro
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eToro

Country of origin: Cyprus
Leverage: 1:2, 1:5, 1:10, 1:25, 1:50, 1:100, 1:200, 1:400
Regulation: Registered member of NFA (ID: 0382918).
Minimum account size: $50
Minimum lot size: 0.1 lot
Payment options: Credit/debit cards, giropay, Neteller, PayPal, Skrill (Moneybookers), WebMoney, Wire transfer
Spreads: 2 pips on EUR/USD
On-line since: 2008

eToro brings financial trading to life for hundreds of thousands of users worldwide. Our people friendly trading platform helps make Forex: simple to start, great to learn and a delight to trade. Our educational and trading toolbox, together with outstanding personal service, delivers Forex that’s a delight to master. eToro's visual trading style lets every trader, at every level of experience, enjoy their trading. With Forex powered by eToro behind you, harnessing the power of financial markets becomes simple and rewarding.

Web-site: eToro

31% 69% -
3 GFT GFT
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GFT

Country of origin: Australia
Leverage: from 1:50 to 1:400
Regulation: Registered with the Commodity Futures Trading Commission, is also a member of the Australian Securities and Investments Commission (ASIC), an independent Australian government body that regulates financial markets, securities, futures and corporations since January 1991.
Minimum account size: $2500
Minimum lot size: 0.1 lot
Payment options: Credit cards, eCheck, PayPal, bank wire and paper checks
Spreads: Variable (3 pips average) on EUR/USD
On-line since: 2001

Global Futures Exchange and Trading Company, Inc. was established in 1998. The headquarters office of the company is in Encino, California, USA, also Global Futures Exchange and Trading Company has two representation offices in Florida and North Caroline.
The company is registered in the National Futures Association (NFA) and the Commodity Futures Trading Commissions (CFTC). Global Futures Exchange and Trading Company is one of the largest independent brokerage firms providing private investors and traders with full range of services on futures and options markets and international Forex currency market.

Web-site: GFT

22% 78% -
4 GCI Financial GCI Financial
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GCI Financial

Country of origin: Belize
Leverage: 1:100
Regulation: Registered by International Financial Services Commission of Belize.
Minimum account size: $500
Minimum lot size: 0.1 lot
Payment options: CashU, Credit/debit cards. Perfect Money, Skrill (Moneybookers), Wire transfer
Spreads: 1 pips on EUR/USD
On-line since: 2002

GCI was found in 2002, and is among pioneers at the markets of currency and contract for difference (CFD) trading.
GCI Financial (GCI) is a regulated trading company, specialized in brokerage services at Forex. Moreover, GCI actively participates on the market of CDFs for shares, indexes and futures.
GCI Company has about 10 000 clients all over the world, including individual traders, companies and account managers.
GCI offers its clients a modern, reliable and not sophisticated system for online trading. The clients’ funds are kept on segregated accounts and are insured; and the dealing experience of the company meets the highest requirements.

Web-site: GCI Financial

13% 87% -
5 FXDD FXDD
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FXDD

Country of origin: USA
Leverage: 1:200
Regulation: None
Minimum account size: $250
Minimum lot size: 0.01
Payment options: ClickandBuy, Credit/debit cards, Skrill (Moneybookers), Wire transfer
Spreads: 1,3 pips on EUR/USD
On-line since: 2002

The business model of the FXDD Company has been developed in order to provide the prices of the interbank market participants to customers. This business scheme has been exploited by Tradition Company for over 40 years. The structure of the Company allows avoiding conflicts, when the liabilities and the interests of the firm do not correspond.

Web-site: FXDD

21% 79% -
6 Corsa Capital Corsa Capital
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Corsa Capital

On-line since: 2007
Country of origin: Russia
Regulation: Regulated by RAFFM.
Payment options: WebMoney, Liberty Reserve, bank transfer and credit cards
Minimum account size: $1
Minimum lot size: 0.01
Leverage: no
Spreads: no

Corsa Capital provides private and institutional investors with Internet trading services in financial markets. The main focus of our activity is access to the FOREX international foreign currency exchange market.
Corsa Capital Investment Corporation was founded in 2007 by a group of professional traders in the foreign currency exchange market.We offer our clients the ability to make arbitrage transactions on FOREX by purchasing fixed maturity option contracts, one of the most advanced technologies in foreign exchange dealing today.
Providing this high quality new technology for operating on the foreign currency exchange market, Corsa Capital strives always to meet the level of current standards for client service in internet trading.Client accounts are set up to work in a way that maximizes the speed of shared payments and professionally trained specialists in our consulting center are always willing to provide complete technical support.

Web-site: Corsa Capital

26% 74% -
7 Easy Forex Easy Forex
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Easy Forex

Country of origin: Cyprus
Leverage: 1:200
Regulation: ASIC, 246566, CySEC, 079/07
Minimum account size: $25
Minimum lot size: 0.05 lot
Payment options: Credit cards, PayPal
Spreads: 4 pips on EUR/USD
On-line since: 2003

EasyForex Company took its rise in 2001.
EasyForex Company is a division of the Research Center for Artificial Intelligence registered by the Moscow Chamber on January 12, 1993.
EasyForex broker cooperates with ICVector Company organizing the international trading at Forex currency market.
EasyForex system allows running trading operations in small amounts.
The feature of Easy-Forex™ trading platform is that the trader has an opportunity to freeze the current rate of Buy or Sell for a few seconds and do not depend on further rate fluctuations.

Web-site: Easy Forex

10% 90% -
8 FxCompany FxCompany
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FxCompany

On-line since: 2006
Country of origin: Mauritius
Regulation: Is a licensed provider of investment adviser services and regulated by FSC (Financial Services Commission) of Mauritius. License no. C109007280, issued on 25.03.2009.
Payment options: Wire transfer, WebMoney, Moneybookers and Liberty Reserve
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 0.8 pip on EUR/USD

The Company FxCompany Financial Group Ltd. provides its clients with innovative technologies of trading and brokerage services at the international currency market Forex, as well as at markets of CFD shares, precious metals and futures. The activity of the Company FxCompany Financial Group Ltd. is licensed and regulated by Financial Services Commission.
FxCompany Financial Group Ltd. is one of the most dynamically developing companies. Nowadays FxCompany has more than 100 representative offices and branches all over the world.
The main target of FxCompany is provision of qualitative and wide range of financial services in the financial industry.
FxCompany is an example of perfect services quality for experienced traders as well as for the newbies. Moreover, FxCompany renders partnership program, management of capital and different services for the legal bodies.

Web-site: FxCompany

4% 96% -
9 Bforex Bforex
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Bforex

Country of origin: Cyprus
Leverage: 1:200
Regulation: ASIC (Australia), CNVM (Romania), CySec (Cyprus) and Banco Central del Uruguay (Uruguay)
Minimum account size: $250
Minimum lot size: 0.025
Payment options: CashU, Credit/debit cards, Neteller, OKPAY, paysafecard, QIWI, Skrill (Moneybookers), SOFORT, WebMoney, Wire transfer, Yandex.Money
Spreads: 3 pips on EUR/USD
On-line since: 2007

Bforex – an excellent quality of services and profitable quoting rates favorable for the experienced traders as well as for the novices. Bforex Company has a wide line of offers for the legal bodies starting from agreements with institutional broker and including engineers of White Label.

Web-site: Bforex

31% 69% -
10 xForex xForex
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xForex

Country of origin: Cyprus/Canada
Leverage: up to 1:400
Regulation: AFM (Netherlands), 66418, ASIC, 140 899 476, Banque de France, 73506, FCA (UK), 247274, FSA (Denmark)
Minimum account size: $100
Minimum lot size: 0.05 lot
Payment options: CashU, Credit/debit cards, QIWI, Skrill (Moneybookers), UnionPay, WebMoney, Wire transfer
Spreads: 4 pips on EUR/USD
On-line since: 2003

XForex was established in 2003.
XForex is an innovative company, which developed one of the most reliable and unique web-platforms for trading at Forex market.
XForex trading platform was developed by professional traders. The main criteria of the company’s work are: professionalism, financial mobility and the trading network time rate.

Web-site: xForex

35% 65% -
11 Exto Capital Exto Capital
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Exto Capital

On-line since: 2007
Country of origin: Switzerland
Regulation: Regulated by OAR-G, Exto Financials SA is overseen by the Federal Department of Finance in Switzerland.
Payment options: Wire transfer, PayPal, credit cards, Moneybookers and WebMoney
Minimum account size: $1,000
Minimum lot size: 0.1 lot
Leverage: up to 1:400
Spreads: 2 pips on EUR/USD

Exto Capital Company was established in 2007 by the professional investment managers, foreign currency traders and software developers.
Exto Capital Company is a branch of Extp Financials C.A. independent assets management company. General Headquarters of broker Exto Capital is located in Switzerland.
Exto Capital Company effects services of online trading on basis of the trading platform extoPRO trader, developed by the broker Exto Capital staff.

Web-site: Exto Capital

28% 72% -
12 BFX BFX
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BFX

Country of origin: Russia
Leverage: up to 1:500
Regulation: Not regulated
Minimum account size: $100
Minimum lot size: 0.01
Payment options: wire transfer, WebMoney
Spreads: 2 pips on EUR/USD
On-line since: 2009

The promoters of the company are banking specialists who have considerable experience in working on the foreign exchange market. The priority of Bearman Ventures Ltd company is rendering online trading services on the international foreign exchange market (Forex).
The mission of the company is to make sure that our customers have large possibilities to timely implement their investment ideas.

Web-site: BFX

32% 68% -
13 FBS Markets Inc. FBS Markets Inc.
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FBS Markets Inc.

On-line since: 2009
Country of origin: Belize
Regulation: IFSC
Payment options: Bank wire transfer, Visa, Mastercard, FBS Deposit Card, Webmoney, Skrill, Perfect Money, FBS MasterCard, DIXIPAY, China Union Pay, Western Union, MoneyGram, Anelik, Contact, Qiwi
Minimum account size: $5
Minimum lot size: 0.01
Leverage: from 1:1 to 1:1000
Spreads: from 1 pips on EUR/USD

FBS is an authorized provider of online foreign exchange trading services. Being an ECN/STP broker, it provides its clients with a wide range of services and competitive trading environment.

Web-site: FBS Markets Inc.

44% 56% -
14 Finexo Global Investments Ltd Finexo Global Investments Ltd
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Finexo Global Investments Ltd

Country of origin: Cyprus
Leverage: up 1:10 to 1:200
Regulation: BaFin - The Federal Financial Supervisory Authority (Germany), Cyprus Securities and Exchange Commission (ID: 092/08)
Minimum account size: $100
Minimum lot size: 0.01
Payment options: Credit/debit cards, WebMoney, Wire transfer
Spreads: 3 pips on EUR/USD
On-line since: 2003

The site of the company was established in 2003 by financial experts with an aim to unite all those interested in investing and making profit on Forex. Today Finexo is one of the fastest-growing online brokers on Forex which enables all its customers to engage in professional currency trading without much effort.
Since March 10, 2010, the Finexo site has been managed by SafeCap Investments Limited Cyprian company, regulated by The Cyprus Securities and Exchange Commission (CySEC) under the following license number: 092/08.

Web-site: Finexo Global Investments Ltd

32% 68% -
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Last comments

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Author: Iceberg | 2014-11-26 | Forex section: Saxo Bank review

Very very very sad about its transfer instruction. Always changing!!!!!!!!!!!!!!

Author: siudin48 | 2014-11-26 | Forex section: IronFx review

I don't like this IronFx because of their unstable trading platform. Lots of requotes and platform crashing. I had been caught out by the ridiculous spread and numerous server outage.

Author: Andre | 2014-11-26 | Forex section: IronFx review

I have been trading with IronFx for 6 months now I got screwed in my trades. I can't open and exit my position, trading platform always hangs up. Their customer service is bad and a very limited leverage.

Author: Riaz | 2014-11-26 | Forex section: FXCM review

When I deposited my money using my credit card, the money reflected on my new trading account after 3 weeks. I'm was so afraid that time because the amount was too big. Now, I'm planning to find another broker and close my account to them.

Author: Kelvin Perryman | 2014-11-26 | Forex section: InstaForex review

I really like to trade with InstaForex because their professional services and systems. I like their PAMM system which I can earn more for my account. Beside that, their bonus progarms and contest make me exciting when trading with them. I am continuous trading with them for long time.

Author: Uli Baysie | 2014-11-26 | Forex section: InstaForex review

I was traded with other brokers before I have been trading with InstaForex since 3 years. Because I am continuing trading with InstaForex for such long time is because the great advantages they have offered me like trading courses, different types of accounts and deposits and even bonuses that have helped me to increase my money up to 30%. I have earned a lot of money thanks to the PAMM system and after traded as an investor, now I am a trader manager and let me tell you that everything is going so well.

Author: tahu Ryus | 2014-11-26 | Forex section: InstaForex review

This broker has a very nice and easy platform, i didnt had any problem with them.

Author: miss Ehckec | 2014-11-26 | Forex section: Askobid review

Platform irregularities and constant charting software issues causing me to wiped out my trading account.

Author: dedde A. | 2014-11-26 | Forex section: IG Markets review

Their website is not informative and takes some time to learn.

Author: vindRA | 2014-11-26 | Forex section: ICM Brokers review

They do influence the market outcome to ensure their clients got nothing from them.

Author: ciu ciu | 2014-11-26 | Forex section: iFOREX review

Impossible to do set up SL when you are opening more than 5 orders.

Special offers

Corsa Capital
11 types of options contracts
$100 welcome bonus for every customer
No spreads, no commissions, no swaps
InstaForex
Bonus 30% for every deposit
Leverage 1:1000
Prize fund 500 000 USD
AvaFX
Fixed spreads
Leverage 1:200
Withdraw instantly
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