Best Futures Trading Broker For Swap-Free Trading for 2024 - TOP 5

Best Futures Trading Broker for swap-free trading: Investment Programs

Earning passive income is just as important for traders as earning profit by actively trading. Therefore, it is important to consider investment instruments offered by the company. There are different investment programs and their choice strongly depends on a specific broker. TU analysts have prepared a review of investment programs of the 5 best brokers.

1

FBS - Investment Programs

Investment Programs, Available Markets and Products of the Broker

FBS is the right company for those traders who prefer to trade manually and use expert advisors. However, the broker does not offer passive investment options other than trading robots. The company does not provide for the possibility of investing in PAMM accounts or automatic copying of trading operations of experienced traders. 

However, the lack of investment programs is more than offset by the abundance of trading instruments. Thus, FBS clients can trade currency pairs, including exotic currencies, trade indices, metals, and CFDs. In addition, the brokerage company offers quite lucrative affiliate programs. With their help, traders, as well as SEO specialists and influencers can easily generate additional income. There is also a program for novice businessmen.

FBS’s affiliate program

• Cooperation. This is a classic affiliate program that provides a reward for each attracted client. The amount of income from the affiliate program depends on the amount that the attracted client has deposited. There is also an option to receive a percentage of trades. FBS provides partners with convenient tools, including traffic analysis and promotional materials.

• CPA. This program is suitable for bloggers, SEO specialists, and marketers. By placing the broker's banners and advertising on its website page on a social network or YouTube channel, the affiliate earns income. Profit, as in the previous case, depends on the amount of the attracted client's deposit. FBS provides the affiliate with marketing tools for promotion and also allows consulting with a personal manager.

• Introducing Broker (IB). In this case, the affiliate opens a branch of the brokerage company and manages the business processes. The amount of income depends on individual conditions. The broker provides developmental support.

The terms of affiliate programs offered by the brokerage company allow you to choose the best option and form your own referral system, from which you can provide yourself a stable income.

2

FxPro - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Currently, the broker does not offer own programs for passive investment. The situation may change in the future, but now, investors can use the copy trading service from MetaQuotes, the developer of MT4/MT5.

This is how it works:

• Register on the MQL5 website. It’s free of charge and takes up to 10 minutes.

• Download MT4 or MT5 on the broker’s website and install it. Open an account (from the broker’s user account or from the trading platform) and add it to the platform.

• In the “Platform” menu (МТ4) or the “Tools” menu (МТ5) select the “Signals” tab and follow the instructions.

To copy trades, link the trading platform to the MQL5 account. This can be done in the “Signals” tab or the “Service/Settings/Community” menu.

You can copy signals of one or several traders after reviewing their statistics in the platform. Subscription fee is fixed, the money is debited from the MQL5 account. You can unsubscribe from signals any time.

FxPro affiliate program

Any individual or entity can become an Introducing Partner. This program provides for rewards up to 55% of referrals’ income regardless of their turnover. The broker, on its part, provides complete marketing and technological support.

3

InstaForex - Investment Programs

Investment Programs, Available Markets and Products of the Broker

(The offer is available for traders working with the FSC-regulated broker). InstaForex is the perfect broker for those who want to combine active trading with a passive investment. The best conditions and the proposed trading platforms can increase the profitability of passive investment and minimize the financial risks of the trader. The most popular services for extra income are the ForexCopy trades copying system, PAMM accounts and an affiliate program with favorable conditions.

ForexCopy — Copy Trading service

ForexCopy is a company service that allows you to copy the trading of successful traders, even when there is no trading terminal at hand. All active traders are added to public monitoring, which helps the investor choose a successful signal provider. After connecting to a trader, trades are copied automatically. There are several payment options for subscription services for copy trading - a per trade fee, a daily subscription fee, or a fee for a percentage of the profits. In the latter case, the subscriber pays a minimal a percentage of the profits, if any.

• there are no restrictions on copy trading. Users can customise their trades to copy their preferred traders on their trading account;

• the investor has full control of their own copying settings and can manually cancel any trades;

• some traders offer free trading for the ForexCopy subscriber . In this case, the services of the trader are paid by InstaForex;

• the minimum deposit to start copying is $10.

Every member of the ForexCopy system can simultaneously copy other people's trading and provide the paid subscription services for copying his own trades. After registration in the system, the investor can individually set up subscriptions for each trader separately. The trader can select individual currency pairs and a convenient scale at which orders on his account will be opened.

In order to become a signal provider, you need to open a trading account with InstaForex and begin active trading. You will then need to register in the ForexCopy system as a trader and set up the conditions under which investors will copy trading. To attract more subscribers, you need to take a high position in the overall ranking. Your ranking is based on profitability.

PAMM accounts - InstaForex Investment Platform

(The offer is available for traders working with the FSC-regulated broker). InstaForex PAMM-system allows you to earn passive income by investing money in PAMM-accounts with different profitability levels. Each trader who has registered his trading account in the broker's PAMM system can become an investor or manager.

PAMM system features:

• the minimum investment is $1;

• the investor receives all the contact details about his Manager, and can also view the status of his trading account;

• risk diversification - due to the ability to invest in different accounts, as well as invest small amounts.

The PAMM system from InstaForex allows its participants to control all ongoing operations, as well as automatically monitor the amount of profit received.

OYS investment

The On Your Side solution is available in two options:

• OYS accounts (FSC). These are investment accounts for investing in the S&P 500 stock index. The fee is $25 of the profit without any hidden fees. If you earn no profit, you don’t pay fees. Additional conditions are: leverage is up to 1:5, the minimum investment is $1,000, and early position closing is available without any fees or penalties.

• OYS portfolios (CySEC). This is a service for diversification of clients’ investments. It represents different portfolio groups managed by InstaForex experts where it is possible to invest according to the copy trading model. Portfolio structure includes stock indices, cryptocurrency, and top stocks of UK, Germany, etc. Additional conditions are: the minimum investment is $2,000 and withdrawal is possible at any time without fees or penalties.

These options are available for both retail and professional traders.

Synthetic stock assets

(The offer is available for traders working with the CySEC-regulated broker). It implies trading synthetic stocks and ETF derivatives with a basic asset. The advantages include: no swaps, instant execution, over 700 stock assets, and a 0% fee on ETFs.

Stock Basket investment

(The offer is available for traders working with the CySEC-regulated broker). This product implies managing one position opened in the basket instead of managing several positions opened for separate stocks. There are no management fees.

Important. Each trader or investor can use the MetaQuotes copy trading service additionally to InstaForex own investment options. To do this, register on the MQL5 website, make a deposit to pay subscription for signals (relevant for investors), and link your account to the MT4/MT5 user account. Traders’ Rating is available on trading platforms in the Signals tab.

Instaforex affiliate programs:

Partnership programs and conditions depend on the regulation of the broker you are working with.

1. FSC.

The FSC-regulated broker offers three partnership programs with an opportunity to earn up to $15-$20 per each lot or up to $2,000 from a deposit:

• Introducing Broker. This is a two-level partnership program with a partner’s profitability of up to 67% of InstaForex profit. Partners can earn as much as $53 per lot, which is the highest commission that can be earned on Forex, and from $2 of market trade lots for traders of the partners’ clients..

• CPA. Bonuses are paid for the first deposit of each referral. This program is designed for targetologists, SEO specialists, bloggers, and web experts, that is, those who do not deal with referrals directly. The bonus is up to $2,000 for each referral.

• CPL. This is a program for partnership networks, media agencies, and arbitrary networks. It implies a fee for contact details of interested users.

The broker provides the maximum technical and information support on its part.

2. CySEC.

The broker offers three partnership programs:

• CPA (Cost Per Action). The minimum compensation is $200.

• CPL (Cost Per Lead). The bonus is from €10 for each user with a verified phone number.

• CPC (Cost Per Click). There is a reward for every 1,000 clicks on advertising banners on the partner website. The reward amount is subject to conversion.

For more detailed conditions of partnership programs contact client service.

4

Capital Street FX - Investment Programs

Investment programs of Capital Street FX

The broker currently does not offer investment programs, although they may be introduced in the future.

Capital Street FX Partnership program

The broker offers a classic type of a partnership program, the Introducing Broker. Both individuals and legal entities can participate in the program. The reward is up to USD 20 per each full lot traded by a referral. Contact the broker’s customer support on details of how to register and earn extra income by referring new clients.

5

Squared Financial - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Squared Financial enables clients to generate both active and passive income. For experienced managers and investors, the broker offers the Multi-Account Managers (MAM) service. Squared Financial does not have a proprietary social trading platform, but investors can use MT4 and MT5 trading terminals to connect to the built-in services for copying transactions of other MQL5.community members. In turn, successful traders can make their own trading strategy available and receive passive income.

Multi-Account Managers — high-security trust accounts with investment protection 

The unique MAM technology allows an experienced trader (account manager) to simultaneously manage the accounts of an unlimited number of passive investors. At the same time, the investor gets increased protection of funds due to contracting with the manager after full disclosure of information about him. The manager does not have access to all the investor’s funds: he opens transactions using only the volume of investments that the passive investor has entrusted to him. Features of the Multi-Account Managers service:

• Only an institutional partner who has provided Squared Financial and potential investors with full information about themselves can become a manager.

• Management of accounts can be opened on the MT4 and MT5 platforms.

• The investor has the right to close the account manager’s transactions; that is, correct his strategy if it does not correspond to the acceptable level of risk.

• An investor can arrange for individual settings. The investor has access to setting the limit for the maximum lot for transactions and the maximum amount of loss as a percentage of the account balance.

Before transferring funds under management, the account manager enters into a separate agreement with each passive investor. It contains all the conditions of cooperation, the rights and obligations of the parties, and the amount of remuneration for the manager. The Master assumes legal responsibility for the money entrusted to him, which guarantees full transparency of the process.

Squared Financial’s affiliate program

• Introducing Broker (IB). The amount of remuneration for the single and multi-level IB program is up to 65% of the trading commission of the attracted referral.

Both financial corporations and private traders can become partners. The more open transactions users make, the more income the IB gets. Institutional clients also have access to White Label, MAM, institutional partnership as well as improved liquidity solutions.

What Is A Forex Swap Free Account?

A Forex swap-free account, also known as an Islamic account, adheres to Islamic religious principles by neither charging nor earning interest on trades.

How Does A Forex No-Swap Account Work?

In a standard Forex account, traders often hold positions overnight, which involves the exchange of one currency for another. When this happens, there is typically a swap charge (or interest) applied, as the positions are subject to the difference in interest rates between the two currencies being traded. This charge is either paid or earned by the trader.

In a no-swap account, these interest charges are eliminated, and instead, the account may involve other fees or charges to compensate for the absence of swap charges. Some swap-free brokers may widen the spreads or charge a commission to cover the costs associated with offering swap-free accounts.

It's important to note that Islamic accounts are not exclusively for Muslim traders. Non-Muslim traders who wish to avoid swap charges for other reasons can also opt for a swap-free account.

Why Are Islamic Accounts Swap Free?

Islamic accounts are swap-free to comply with the principles of Islamic finance, which are guided by Sharia law. Sharia law is the legal framework derived from the religious precepts of Islam. It governs various aspects of life, including economic and financial activities.

One of the key principles of Islamic finance is the prohibition of riba. Riba is the interest charged on loans or deposits. Riba is considered unjust and exploitative because it lead to wealth accumulation by the lenders at the expense of the borrowers.

In a standard Forex trading account, when a trader holds a position overnight, they either earn or pay a swap charge (interest). This practice is in direct conflict with the prohibition of riba in Islamic finance.

To accommodate the needs of Muslim traders who want to participate in Forex trading without violating their religious beliefs, some brokers offer swap-free or Islamic accounts.

Are Forex Halal Or Haram?

The acceptability of Forex trading from an Islamic perspective is a topic of debate. The main reason being it depends on the trading approach. The main concerns revolve around the concepts of riba (interest), gharar (excessive uncertainty), and speculation.

Riba (interest)

As mentioned earlier, Islamic finance prohibits charging or receiving of interest. In standard Forex accounts, traders holding positions overnight may earn or pay swap charges (interest), which goes against this principle. However, swap-free or Islamic accounts address this issue.

Gharar (excessive uncertainty)

Some scholars argue that Forex trading involves a high degree of uncertainty due to the rapid fluctuations in currency values, making it haram (forbidden). However, others argue that not all forms of uncertainty are prohibited. Since currency exchange is a necessity in global trade, Forex trading can be considered halal (permissible) if conducted without excessive speculation.

Speculation

Forex trading can involve a high degree of speculation. Some scholars argue that this speculative aspect makes Forex trading akin to gambling, which Islam prohibits. However, others contend that if traders approach Forex trading with proper analysis, risk management, and avoid excessive speculation, it can be considered halal.

How to Choose a Swap-Free Account?

It can be challenging to choose the right swap free forex broker due to the many options available. Consider the factors below to choose the right swap-free account for your forex trading needs.

1. Broker's reputation and regulation

Research the broker's background, customer reviews, and check whether they hold licenses from reputable regulatory authorities like the FCA, ASIC, CySEC, or others.

2. Additional fees or charges

Swap-free accounts may have alternative fee structures to compensate for the absence of swap charges. Brokers may widen spreads or charge a commission on trades. Analyze and compare the fee structure among various brokers to determine which one offers the most cost-effective option.

3. Customer support

A broker with a dedicated support team for swap-free account users will be better equipped to address your concerns and provide guidance on maintaining Sharia compliance.

4. Demo Accounts

A demo account allows you to practice before going live. Find a swap-free broker with a functional demo account to learn the basics before you finally invest your real money.

5. Trading platform and tools

Evaluate the broker's trading platform and tools to ensure they are user-friendly. They should provide essential features like charting, technical analysis, and risk management. A reliable platform, such as MetaTrader 4 or 5, is preferred by many traders.