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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: review and comparison

Name For Against Vote Comments
InstaForex 90% 10%
  
City Index 24% 76%
  
GCI Financial 15% 85%
  
FXDD 22% 78%
  
easyMarkets 9% 91%
  
6 eToro 65% 35%
  
7 Bforex 33% 67%
  
8 xTrade 38% 62%
  
9 GFC Markets 31% 69%
  
10 FBS Markets Inc. 49% 51%
  

Last comments

Author: Biraj Karki | 2020-05-06 | Forex section: HYCM
Now every trading month is closed with profit, leverage is satisfactory, it is good that not only standard services are included with this broker..
Author: VinsonYu | 2020-04-26 | Forex section: iFOREX
I have a profitable trading history in a mini account with iForex, their web-based platform is awesome, where I can trade instantly, also here I can use some advance trading tools like sophisticated and live updates or trading signals. So my orders became profitable, till now I’ve earned 150 dollars. I was able to withdraw all of my profits via Skrill account within four hours. So I say forex is a profitable and reliable broker from my experience.
Author: Rohwoshi | 2020-04-26 | Forex section: GCI Financial
I’m pretty satisfied with GCI Financial trading for about four months. Initial deposit $500 is little bit high, however it worth that! I had some losses on Eur/Chf pair with them, but I do not shift my blame on them, I realize that my strategy was a wrong. After changing my strategy now I am making profit continuously and there's no problem within the predictable future. Beside this, I am also pleased with the support I get from GCI Financial and Insha’Allah will get better and better.
Author: Proshato | 2020-04-23 | Forex section: Swissquote
I have opened account with Swissquote on November 2019 have put there $350 and made some profit. Due to private circumstances didn't trade for last 2 months. Now on 4th march tried to log, on trading platform it showed that my account was disabled. I tried to contact support, they response me immediately. They told me that my account is archive due inactivity. Then they ask me to active this account. After login my client cabinet my account I found my balance is increased because of adding interest regularly. And now able to withdraw my money anytime. So I can say that they are reliable. I would recommend to all.
Author: AlgoEagle | 2020-04-23 | Forex section: Sucden
I can't set up an EA on the J-Trader platform with Sucden broker, As they didn't allow EA integration and automated trading while the J-Trader platform is simple and hasn't any features. The order execution always delays and it could be freeze without any notifications. So I have left the idea for trade with Sucden broker.
Author: Hitesh | 2020-04-23 | Forex section: ICM Brokers
I traded with ICM Broker for a year but I had to stop investing because after the update, their trading platform is not longer reliable. It has become shaky and I ended up losing a huge amount. It continued for months and the broker can't seem to be able to fix the problem. That is why before I lose everything, I already made my withdrawal. Thankfully, the broker easily released my fund and let me go without a hassle.
Author: Byana | 2020-04-22 | Forex section: GCI Financial
One of the features that I first look into is the trading platform. GCI Financial has the standard MT4 trading platform and I think that is fair enough. Almost everyone is familiar with using this platform that is why I don't think I would have any difficulty in my trading activities. I opened an account and happily made my trades. Thankfully, this broker really is a decent one. Not only are their platforms good. their other services are also excellent.
Author: VictorFx | 2020-04-20 | Forex section: Premium4X
I've profitable with the Premium4X's PAMM system, Besides I have found high tech tools for applying my scalping strategy in my Starting account so far. Their MT4 platform execution satisfying too. Till now I have made $2K profit and withdrawal through Neteller almost 1.5K without any problem yet. So I am happy with Premium4X broker.
Author: Yartri | 2020-04-20 | Forex section: Cobra Trading
I would say be careful while choosing Cobra Trading because they are scam broker. They took $410 from my fund without proper explanation. I am still trying to get back my money from this broker. I have contacted with their live support many times and still do not get any help, even they stop replying me. Cobra Trading is the most awful broker I've worked with.
Author: Tiecon | 2020-04-19 | Forex section: NewForex
Hello! I am Rafsan I have been trading with NewForex for last Four months. So far been very impressed by their fixed spreads. I see EURUSD spread as low as 2pips and other majors and even non-majors are most of the time less than 2pips. Very good environment for trading. Everything works excellent, while trading all goes well. TP and SL and pending orders very exact so far. Sometimes I chat with their live support and every time they help me about analysis and get answers to my questions.
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