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

Best Crypto 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

Exness - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Exness clients can make passive income on copy and algorithmic trading. Forex novice traders can earn from copying trades of experienced traders with the social trading platform and standard opportunities of MetaTrader platforms. If Exness clients know how to trade, they can make additional income on broadcasting their own strategies.

How to start earning with social trading

Exness clients can choose any convenient method to receive trading signals. These can be signals broadcast directly on MetaTrader or in the Exness in-house mobile app.

• Strategy copying. This option is available on the Exness proprietary platform. Investors choose the strategy based on important parameters for them, such as income, number of subscribers, leverage, fees, etc. The Most Copied option allows traders to view the most popular strategies among investors.

Who can provide strategies? Experienced traders with effective trading can do that. Currently, Exness offers two account types for providers — Social Standard and Social Pro. The minimum deposit for both of them is $500. Leverage is up to 1:200 and the fee is up to 50% of the investor’s profit.

Who can become an investor? Any Exness client with a verified user account can be an investor. The minimum investment is $10, thus this option is available even to Forex novice traders without big capital. Investors choose strategies and copy them in the social trading mobile app. Install it on your smartphone or tablet and log into your Exness user account. The broker’s website provides a link to download the app from Google Play and the App Store. Also, there is a QR code.

• Copy trading . To copy trades of other traders, use the MetaQuotes signal service — MQL4 on MT4 and MQL5 on MT5. First, investors pay subscription fees, and later they pay fees to traders for successful trades.

In addition to copying trades and strategies, Exness clients can use bots and expert advisors, which are available in app stores on the MQL4 and MQL5 websites. There are paid and free plug-ins. Also, you can ask an experienced trader to develop an advisor to fit your trading goals. Algorithmic trading is not available for Exness proprietary platforms.

How to copy signals from traders to your account. | Firsthand Experience of Oleg Tkachenko by TU

Partnership programs

Partner rewards are another type of passive income available to Exness clients. Any broker’s client can receive these rewards, regardless of their trading activity and deposits. The main condition to receive fees is to comply with the partnership program requirements.

Rewards for Exness partners:

• From $880 to $31,200 per month under the Introducing Broker (IB) program;

• From $10 to $1,850 for each client who makes the first deposit under the Affiliate Program.

Rewards for IBs depend on the number of referred clients — the more of them there are, the higher the fee. The maximum rate is 40% of Exness income from referral trading. Participants in the Affiliate Program receive fees subject to the first referral deposits.

2

TeleTrade - Investment Programs

Investment Programs, Available Markets and Products of the Broker

TeleTrade is a good broker for those who are used to combining active manual trading with trading using robots. However, the broker offers few investment programs. For example, such passive investment options as PAMM accounts or other forms of trust management are not available. However, the broker does offer the option of automatic copying of trades performed by experienced traders.

However, the abundance of trading instruments outweighs the small number of investment programs . In addition, the broker's VIP clients who trade large amounts can receive advice from personal managers. And what is more, the company offers good affiliate programs that can provide traders with  additional income.

TeleTrade’s affiliate program

• CPA partner. For each attracted client, an affiliate can receive up to $500. The broker makes daily payments for registration and verification of the client, and deposit replenishment. Also, payments are accrued for the trading activity of the trader referred by the affiliate.

• Introducing Broker (IB). This affiliate program allows you to receive a reward of at least 30% of the spread amount. The conditions depend on the market the representative works in. The percentage of the reward depends on the activity of the introducing broker.

Flexible terms of affiliate programs, as well as the provision of banners, landing pages and marketing materials by the company, enable everyone to create their own referral system. This can serve as a source of good extra income.

3

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.

4

AvaTrade - Investment Programs

Investment Programs, Available Markets and Products of the Broker

income with AvaTrade is available to both active market participants and those who choose passive trading.

The broker offers two services for earning passive income:

DupliTrade Platform

Allows you to copy transactions of experienced market participants in a real-time mode. A user-friendly interface facilitates the task of managing and compiling investment portfolios and gives access to proven trading strategies.

• Quick registration. Open an account at DupliTrade and link it to the account at AvaTrade. Data from the platform will be automatically transferred to your account.

• Access to providers of the best strategies. Each of them uses different, but equally effective trading methods and styles, thanks to which you can increase your funds.

• Mobility. Trading on DupliTrade is carried out even if you do not have access to a computer.

Trading experience does not matter. The platform provides the same conditions for both experienced traders and beginners. You can also open a demo account at DupliTrade and practice. Learn More About AvaTrade Copy Trading

ZuluTrade Platform

The automated trading service is popular with traders. The platform collects recommendations from leading traders, after which it automatically conducts the most profitable transactions. The customer of the service only has to choose traders, whose recommendations the platform will follow.

• The convenience of use. A user-friendly interface facilitates the process of managing your account.

• Mobility. You can use ZuluTrade not only from a computer but also from a tablet or mobile device.

• Rating. The service forms a list of traders with the best profit indicators and the number of subscribers. The user can also choose a trader depending on which tools are chosen.

• Safety. The platform provides customer protection with the ZuluGuard feature. It is provided for cases when the trader selected by the user changes the strategy or his or her profit indicators fall in the rating.

The Traders Union customers with different levels of experience will benefit from the convenience of automated trading. The platforms are designed to generate passive income streams, but the trader who has gained enough experience can eventually become an expert whose orders are copied and whose advice is the basis for conducting transactions by the service.

AvaTrade affiliate program

AvaTrade also offers its customers the opportunity to earn additional profit on partnership. Affiliate program participants get access to the latest affiliate marketing strategies, the flexible commission accrual structure, and the acceleration of this process. The partner is also provided with a personal manager.

There are several types of partnerships on AvaTrade.

• Introducing broker. The partner's task is to attract customers. The employees of the company deal with the adaptation of beginners, while the partner receives a commission from their trade.

• Investment manager. For managing multiple accounts at the same time, the partner receives a reward and part of their income.

• Educational center. The partner’s task is to organize the educational process for new customers and select qualified personnel to improve the quality of training materials.

• Service Provider. One of the highest-paid partnerships. The partner receives income for the development of innovations, trading tools, and platforms for the broker, providing trading signals.

5

Admirals - Investment Programs

Investment Programs, Available Markets and Products of the Broker

The broker offers two copy trading services as passive investment options: a proprietary copy trading platform and copy trading from the MQL5.Community. Both services have their own individual benefits.

Important! The Copy Trading service is available only to clients of Admiral Markets Cyprus Ltd.

Admirals social trading service

Admirals offers a proprietary social trading platform you can use to earn money by automatically copying trades of other Admirals’ clients. This is how it works:

• You register and complete verification with the broker. After verification, you can open an account with a minimum allowable deposit.

• In the Copy Trading section of the user account you will find a list of traders with trading statistics for each of them, including profitability for the period, risk level, maximum drawdown, account lifetime, equity, etc.

• Profiles of each trader have terms of cooperation, such as a monthly fee, which depends on the investor’s amount involved in copying. The subscription amount is paid per each month, regardless of the number of trades and their effectiveness. If investors unsubscribe from a trader's account, payment is only charged for the subscription period.

As of subscription, all trades opened by a trader are copied to the investor's account automatically in accordance with the specified parameters (copying proportion, trade volumes, etc.).

Learn More About MT4 Copy Trading

The other option is copying trades directly from MT4 or MT5. The MQL5.Community is a community of traders based on the MQL5 website. To start copying trades, you need to:

• Register on the MQL5 website and make a deposit (not to be confused with replenishment of the broker's account).

• Link the MT4 or MT5 platform to your community account. To do this, go to “Service/Settings/Community” and provide registration information in the community (login and password).

• In the “Platform” window (or in a window with similar functionality), select the “Signals” tab.

In this tab you will find a list of traders with a detailed review of their trading and subscription fees. Advantages of copying trades via MT4/MT5 are detailed statistics with backtest and strict requirements for getting into the MQL5 rating.

Admirals affiliate programs:

• Introducing Broker is a standard partnership program, which provides for a partner to receive a part of the fee paid by a referee to the broker. The higher the trading volume of the referee, the bigger the payout to the partner. The amount of remuneration is up to 25% of spread and fee.

• Media partner is a program for those who can generate user traffic and redirect it to the broker’s website. It is suitable for owners of websites and blogs. The remuneration depends on the referees’ deposits and their jurisdictions.

• “Refer a friend” (available for traders working with Admirals AU Pty Ltd regulated by ASIC). The offer is valid for every trader who opens the Invest.MT5 account. Reward is up to $750 per friend invited through a referral link.

• White Label is designed for investment companies, banks, and other financial institutions.

Each client of the platform can access the network of the participants involved and to determine who will carry out the trading operations. The main purpose of having referrals is to get part of the commission from a broker.

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.

Is Forex Trading Halal or Haram? - Halal Investment Guide

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.