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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%
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City Index 48% 52%
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GCI Financial 15% 85%
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FXDD 22% 78%
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easyMarkets 9% 91%
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6 eToro 65% 35%
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7 Bforex 33% 67%
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8 xTrade 38% 62%
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9 GFC Markets 31% 69%
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10 FBS Markets Inc. 49% 51%
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11 IFC Markets 0% 100%
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12 ArgusFX 0% 100%
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13 Uniglobe Markets 0% 100%
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14 A-Conversio Capital Limited 0% 100%
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15 AAATrade 0% 100%
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Last comments

Author: Mulle | 2022-05-19 | Forex section: BCS Forex
BCS Forex is one of the worst brokers I have ever traded with. Firstly I lost money due to the constant slippage and slow execution, I lost about $400, I started to trade with this broker last year, and everything was good for me in the beginning. But after, I could see that just want you to put money, and then they start playing against the trader so we lose money.
Author: Farun | 2022-05-19 | Forex section: WIT
I have been trading with WIT broker, which has so fast execution and hasn't any spillage on the platform, so my order was executed in a moment. Besides, it's organized with many analytical tools, indicators, and features. So I can open an order easily by choosing only the amount and direction on the platform with them. As a newbie trader, I didn't need to have so much knowledge of the market because a professional trader's toolkit gives me technical analysis. I can monitor all instruments and updated charts, so I can see everything in one place, and I have regularly gained some profits. Really I am satisfied with WIT's advanced technology in forex trading.
Author: Mudoff | 2022-05-18 | Forex section: IfamDirect
I'm getting more don't like to trade with ifamDirect. The spreads are very high compared the other brokers. It's been two weeks already since I injected money to my account and my account is still empty. I won't recommend them to any of my friends. Thus my trades were delayed in traffic time. Moreover, trading platform was not good and unstable. Sometimes, it was crashed and freezed. Please leave them before losing your money. I always lost all my deposits. Also, their problems is spreads. If accumulated from 6 months ago, I have lost $7000 in my 3 accounts.
Author: Mudoff | 2022-05-18 | Forex section: IfamDirect
I'm getting more don't like to trade with ifamDirect. The spreads are very high compared the other brokers. It's been two weeks already since I injected money to my account and my account is still empty. I won't recommend them to any of my friends. Thus my trades were delayed in traffic time. Moreover, trading platform was not good and unstable. Sometimes, it was crashed and freezed. Please leave them before losing your money. I always lost all my deposits. Also, their problems is spreads. If accumulated from 6 months ago, I have lost $7000 in my 3 accounts.
Author: Mudoff | 2022-05-18 | Forex section: IfamDirect
I'm getting more don't like to trade with ifamDirect. The spreads are very high compared the other brokers. It's been two weeks already since I injected money to my account and my account is still empty. I won't recommend them to any of my friends. Thus my trades were delayed in traffic time. Moreover, trading platform was not good and unstable. Sometimes, it was crashed and freezed. Please leave them before losing your money. I always lost all my deposits. Also, their problems is spreads. If accumulated from 6 months ago, I have lost $7000 in my 3 accounts.
Author: Mudoff | 2022-05-18 | Forex section: IfamDirect
I'm getting more don't like to trade with ifamDirect. The spreads are very high compared the other brokers. It's been two weeks already since I injected money to my account and my account is still empty. I won't recommend them to any of my friends. Thus my trades were delayed in traffic time. Moreover, trading platform was not good and unstable. Sometimes, it was crashed and freezed. Please leave them before losing your money. I always lost all my deposits. Also, their problems is spreads. If accumulated from 6 months ago, I have lost $7000 in my 3 accounts.
Author: Mudoff | 2022-05-18 | Forex section: IfamDirect
I'm getting more don't like to trade with ifamDirect. The spreads are very high compared the other brokers. It's been two weeks already since I injected money to my account and my account is still empty. I won't recommend them to any of my friends. Thus my trades were delayed in traffic time. Moreover, trading platform was not good and unstable. Sometimes, it was crashed and freezed. Please leave them before losing your money. I always lost all my deposits. Also, their problems is spreads. If accumulated from 6 months ago, I have lost $7000 in my 3 accounts.
Author: Rudolf | 2022-05-18 | Forex section: FXFINPRO Capital
FXFINPRO Capital is a recommended broker. They are handling clients nicely and professionally. I have been trading with them for more than a year, and I never get significant trouble since I joined them. I'm trading in main currencies such as EUR/USD, USD/GBP, and USD/JPY. I'm trading using their MT4 platform. Their platform keeps stable. Also, I like their leverage. I used to withdraw my fund through bank transfer and never had a problem with that. I'm so pleased and satisfied to trade with them. For sure, I will keep trading with them.
Author: Ricardo | 2022-05-17 | Forex section: InstaForex
I began to trade with InstaForex with a $300 no deposit bonus, and I earned $690 in a month. After a month, I made my first deposit for $800 and claimed the welcome bonus worth 40% of my deposit amount. Usually, I will use Skrill as a payment method because I’m comfortable with skrill. The trading platform is in good condition, it can run for more than 5 hours, and the speed for execution is also fast to take all my orders instantly. I trade major currency pairs EUR/USD, USD/CAD, GBP/EUR, USD/JPY, and exotic pairs EUR/DKK, EUR/NOK. My initial earnings are $1450 now, and my last withdrawal amount is $1500. No significant trouble so far.
Author: Dion FxTrader | 2022-05-17 | Forex section: ForexMart
All the trading conditions are reasonable and have no leverage, and the minimum account size starts from $1. Their trading platform works very well, especially their MT4, the trading conditions they offer include a low spread of 0.1 pips for EUR/USD. I trade on the MT4 platform, and it works fast with no re-quotes and real-time prices. I've never experienced any technical fail so far. I don't complain, and I recommend Forexmart because they are professional and reliable. I already made several withdrawals and got my money within one day.
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