Best CFD Brokers For Swap-Free Trading In 2025

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Go to broker’s website Plus500 Overview

If you're too busy to read the entire article and want a quick answer, the best CFD broker for swap-free trading is Plus500. Why? Here are its key advantages:

Is legit in your country (Identified as United States )
Has a good user satisfaction score 6.83 out of 10
Availability of swap-free accounts
Transparency of conditions – no hidden fees or additional charges.

Go to broker’s website Plus500 Overview

Below, we'll explain in more detail why we believe this and how brokers were evaluated.

Best CFD brokers for swap-free trading:

Plus500 - Best premium client support (personal manager, exclusive analysis, webinars)
Pepperstone - Best for scalping strategies (spread from 0 pips)
OANDA - Best for trading with advanced technical analysis tools (TradingView charts support)
FOREX.com - Diverse range of tradable assets (80+ currency pairs)
RockGlobal - A New Zealand-based broker regulated by FMA NZ, offering Forex and CFD trading with leverage up to 1:500 on MetaTrader 4 and Trader Workstation platforms.

Swap-free CFD trading is becoming increasingly popular among traders. This is especially true for those who adhere to Islamic financial principles and cannot use standard accounts with interest accrual for rolling over positions. Swap-free accounts allow you to avoid such charges, making trading more flexible and accessible to a wider audience. In 2024, there are many brokers on the market offering such conditions, but choosing the most suitable one can be difficult. In this article, we will walk through five best CFD brokers offering swap-free accounts and compare their key features. This will help you choose the best partner for effective and convenient trading without unnecessary costs.

Top CFD brokers for swap-free trading

Swap-free accounts offer unique opportunities for traders who want to avoid additional costs for carrying over positions, whether for religious or financial reasons. We have selected leading brokers with the best conditions for swap-free trading.

Best CFD broker for swap-free trading
	Min. deposit, $	Max. leverage	Min Spread EUR/USD, pips	Max Spread EUR/USD, pips	Open account
Plus500	100	1:300	0,5	0,9	Open an account Your capital is at risk.
Pepperstone		1:500	0,5	1,5	Open an account Your capital is at risk.
OANDA		1:200	0,1	0,5	Open an account Your capital is at risk.
FOREX.com	100	1:50	0,7	1,2	Study review
RockGlobal	200	1:500	0,9	1,4	Study review

How to choose a swap-free account?

Choosing the right swap-free broker can be a daunting task due to the large number of options available. Consider the following key factors to find the swap-free account that best suits your Forex trading needs.

Broker reputation and regulation

Look at the broker’s reputation, customer reviews, and whether it is licensed by reputable regulators such as the FCA, ASIC, CySEC, and others. Regulated brokers provide a higher level of security and trust.

Additional fees and charges

Swap-free accounts often have alternative fee structures to compensate for the lack of interest charges. Brokers may increase spreads or charge fixed fees on trades. Compare these terms across brokers to find the best deal.

Customer support

A broker with a dedicated support team for swap-free accounts can quickly resolve your queries and provide guidance on Islamic financial compliance.

Demo account

A demo account will allow you to get used to the trading platform and test strategies without risking real funds. Choose a broker that offers a demo account to learn all the features before you start trading on a real account.

Trading platform and tools

Evaluate the broker's platform for ease of use and the availability of key features such as charts, technical analysis tools, and risk management. Many traders prefer proven platforms such as MetaTrader 4 or MetaTrader 5 due to their stability and wide functionality.

What is a swap-free account and how does it work?

A swap-free account, or Islamic account, aligns with Islamic finance rules, avoiding interest charges on trades. This setup is suitable for traders who follow Islamic guidelines, where paying or earning interest is not allowed.

In a regular trading account, holding positions overnight typically incurs swap fees, credited or debited based on interest rate differences between the two currencies. However, in a swap-free account, these charges are waived, and brokers may instead apply other costs, like slightly wider spreads or a set commission, to balance out the lack of swaps. Islamic accounts aren’t exclusive to Muslim traders; they’re also available to those who simply prefer to avoid swap fees.

Why are Islamic accounts swap free?

Islamic Forex accounts exclude swaps to comply with Islamic financial principles, which are based on Sharia law. Sharia is a system of legal norms derived from the religious precepts of Islam, and it covers various spheres of life, including financial and economic activities.

One of the key principles of Islamic economics is the prohibition of riba - the charging of interest on loans or deposits. Riba is considered an unfair practice, as it leads to the accumulation of wealth by the lender at the expense of the borrower, which contradicts the notions of a fair distribution of funds.

In standard trading accounts, when holding a position overnight, a trader faces the accrual or debit of swaps (interest), which contradicts the principle of riba in Islamic finance.

To enable Muslim traders to participate in trading while adhering to their religious beliefs, brokers offer swap-free accounts, also known as Islamic accounts.

Is CFD trading halal?

Interest is prohibited in Islam, which raises questions about whether CFD trading is Islamic. According to Islamic principles, standard CFD trading is not considered halal as it involves elements of gambling and speculation, which are strictly prohibited. However, using swap-free accounts that exclude interest charges can make such trading more acceptable and halal.

In addition to eliminating interest, Muslim investors should also avoid investing in industries that are considered haram, such as alcohol, gambling, tobacco, and weapons. Some brokers, such as Vantage, offer flexible terms for Islamic CFD trading, providing access to Forex, commodities, indices, and other assets through Islamic accounts.

If you are a Muslim trader looking for trading options that are compliant with Islamic principles, consider opening a swap-free CFD account and investing in halal industries. This will allow you to start your journey to ethical and halal trading today.

Do brokers charge swaps on CFDs?

Yes, most CFD brokers charge swaps, which are fees for holding a position open overnight. Swaps can be positive or negative, depending on the interest rates on the underlying asset. Brokers typically charge swaps as a percentage of the total value of the position or as a fixed rate per day, with the fee varying depending on the broker and the specific instrument.

A swap fee is incurred because when trading CFDs, a trader is essentially borrowing funds, and the swap compensates the lender for the interest they would earn if they owned the underlying asset. It is recommended that you carefully review your broker's swap rates before opening a position in the CFD market to avoid unexpected charges that could impact your overall trading returns.

Understand fee structures thoroughly and choose a platform that fits your trading style

For beginners looking for a reliable swap-free CFD broker, two standout considerations go beyond common advice: understand fee structures thoroughly and choose a platform that fits your trading style. Swap-free accounts are tailored for traders following specific guidelines, especially those who seek interest-free trading due to religious principles.

However, some brokers may adjust their fees by widening spreads or applying fixed charges to compensate for the absence of swaps. Be sure to compare the fees across different platforms; brokers like AvaTrade and Plus500 offer transparent pricing models that align well with the swap-free model, while others might add hidden costs that could affect your profitability.

Additionally, the stability and usability of the platform are crucial, especially when using swap-free accounts. Some brokers, like AvaTrade and Pepperstone, support widely-used platforms like MetaTrader 4 and 5, which offer customization options and expert advisors. This flexibility can help you tailor your trading experience. Plus500, for instance, combines easy access to 2800+ CFDs with user-friendly tools and a stable interface, making it suitable for beginners. To get the most out of a swap-free account, choose a broker that offers these tools without complicated fees or limited platform capabilities.

Methodology for compiling our ratings of Forex brokers

Traders Union applies a rigorous methodology to evaluate brokers using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include:

Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Brokers are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Brokers are assessed based on the variety, quality, and features of platforms offered to clients.
Other factors like brand popularity, client support, and educational resources are also evaluated.

Find out more about the unique broker assessment methodology developed by Traders Union specialists.

Conclusion

Choosing the right broker for swap-free CFD trading is an important step for successful and comfortable work in the market. Islamic accounts allow you to follow religious principles, avoiding interest charges, and at the same time maintain access to a wide range of assets.

Based on the proposed broker rating, traders can evaluate the conditions and choose the best option for their purposes. At the same time, always carefully study the structure of commissions, spreads and general trading conditions. This approach will help to avoid hidden costs and create more favorable conditions for trading. A reliable and transparent broker will become the basis for long-term successful trading in the CFD market.

FAQs

How can I check if a broker really offers swap-free conditions?

Ask the broker for a full description of all fees and check which ones may be charged for holding positions overnight. Read reviews from other traders and check the broker's website for comprehensive information.

Can I open a swap-free account if I am not a muslim?

Yes, many brokers offer swap-free accounts not only to Muslims. Such accounts may be available to any trader if they prefer to avoid interest charges for their own reasons.

What assets can I trade on swap-free accounts?

Forex pairs, commodities, indices and metals are usually available. However, it is better to check with the broker for the list of assets, as some of them may be restricted for Islamic accounts.

How to avoid increased costs when trading on a swap-free account?

To optimize costs, avoid opening and closing positions too often, as fixed fees or wide spreads can significantly reduce profits. Choose assets with smaller spreads and stick to your chosen strategy.

Team that worked on the article

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

Learn about our editorial policies

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

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Investor

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Leverage

Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.

Risk Management

Risk management is a risk management model that involves controlling potential losses while maximizing profits. The main risk management tools are stop loss, take profit, calculation of position volume taking into account leverage and pip value.

Expert Advisor

An Expert Advisor (EA) is a piece of software or script used in the MetaTrader trading platform to automate trading strategies. EAs are programmed to execute trading decisions based on predefined criteria, rules, and algorithms, allowing for automated and systematic trading without the need for manual intervention.

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