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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.

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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%
11 IFC Markets 0% 100%
12 ArgusFX 0% 100%
13 Uniglobe Markets 0% 100%
14 A-Conversio Capital Limited 0% 100%
15 AAATrade 0% 100%

Last comments

Author: Cayden | 2021-05-06 | Forex section: FxPro Financial Services Ltd.
FxPro is an excellent brokerage firm. I have been with them for almost a year now and they are very consistent in providing high quality services. Their customer support is very responsive and they handle concerns with care.
Author: Billy | 2021-05-06 | Forex section: ActivTrades
The trading experience at ActivTrades is absolutely amazing. You can clearly see that the company put a lot of effort in developing their platforms so that we can have a smooth trading experience. However, they still need to work on their customer relation. I have encountered a few representatives who are a little rude and impatient. It is very discouraging.
Author: Sia | 2021-05-06 | Forex section: Nefteprominvest
Nefteprominvest has been my broker for over a year now. In terms of the platform, spread, and website, I have no complaints. I think they're excellent. The spread is tight and favorable to scalpers. The platform is stable and rarely lags. And the website has a good layout. I can navigate the site with ease, and it contains helpful materials in trading like market analysis and trading tutorials. The only thing I didn't quite like is the slow customer support. They immediately reply in the live chat, but for matters where I need to contact them through email, sometimes it reaches the next day before they answer.
Author: Nancy | 2021-05-05 | Forex section: FXCC
I really thought hard about my decision to open an account at FXCC because it is quite a huge investment but after getting in, I realized that it is totally worth it. The broker provides favorable trading tools and platforms and they are also very giving when it comes to deals or bonuses.
Author: Fred Lui | 2021-05-05 | Forex section: AForex
When I used the demo account at AForex, everything was smooth-flowing. It is the main reason I started to push through with getting a live account. But then after switching, the experience was complicated. The platform did not run as smoothly as it did with the demo, and bugs frequently occurred. This was so disappointing.
Author: BunnyFx | 2021-05-05 | Forex section: Pepperstone
I started to trade with Pepperstone after a friend recommends it to me. Their demo account worked fine, and after the trial period expired, I opened a live standard account. I deposited $300 using the PayPal system and started to trade on Pepperstone MT4 right away. I use the instruments EUR/USD, USD/CAD USD/JPY, Gold, and Silver. My profit is $600 a month on average. The withdrawal process is easy, and it takes 1-2 working days to get the approval. I called the support team because of some closed positions, and they helped me within several minutes. Pepperstone is my favorite broker. They are reliable and recommended.
Author: Ho Min | 2021-05-05 | Forex section: FortFX
The deposit and withdrawal were too slow and it's very annoying. Most of the time service interruptions here and too much re-quotes, delays payments. I want to save my money by leave this broker. I never got my earnings for this month. This company denied my request for the second times. They have disabled my account and will not give me my money back. Live chat will never work, will never get an answer for your queries. Fort fx's trading system isn't very impressive as it always delay even at busy trading hours.
Author: Jamilano | 2021-05-04 | Forex section: Fibo Group LTD
There is nothing more to ask from Fibo Group Ltd. because they are already able to provide everything that their traders need. The trading platform runs perfectly and is capable of handling high volatility. The fees are reasonable, and they offer generous leverage. On top of that, the Forex education is greatly useful and helpful.
Author: Roxette | 2021-05-04 | Forex section: Trade.com
Do not open an account at Trade.com if you do not want to lose your money. The broker provided a misleading demo account experience. With the demo, everything was smooth-flowing. The platform is stable and the spread is tight. But after having a real account, the platform malfunctioned more than it worked properly. And the fees were too high. I never saw it go below 8pips.
Author: Devya | 2021-05-04 | Forex section: Vector Securities
Vector Securities is a great broker, and I don't have any complaints about it. I joined this broker last year, and I will keep on trading with them due to its excellent trading conditions. The first time I opened a trading account, I received $50 as an initial bonus, and the best of it was that the bonus didn't have too many rules to be withdrawn. I also recommend the trading platform they manage because it's stable and has several servers, so the trading is very smooth. I chose Yandex Money to deposit and withdraw my money because it only takes 6 hours to process the requests. The support team here is well prepared and solves my problems very fast. Last week I had some issues with the trading platform. It didn't show all the servers and had low performance. I sent the information to the support department, and they sent me an email a few minutes later telling me that my account would be checked. The next day, the problem was solved, and even they returned me $20 I had lost due to this problem. Excellent broker!
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