Best Forex Broker For Swap-Free Trading for 2025

Best Forex 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

XM Group - Investment Programs

Investment Programs, Available Markets, and Products of the Broker

XM Broker broker is focused on providing professional trading services, because its policy does not provide for passive investment programs. However, as an aid to active traders, the company provides several support services, which are worth considering in more detail.

MQL5 Trading Signals

MQL5 is a community of traders from all over the world located on the platform of MetaQuotes company, the developer of Metatrader platforms. XM Broker offers direct access to MQL5 trading signals from traders with productive trading for more than 1 month. In addition, traders get direct access to the programming environment directly from within the broker's trading terminals. Learn More about XM Copy Trading

Advantages of MQL5 signal copy service:

• automatic copy trading from MQL5 website (there is an option of manual copying);

• signals can be combined with algorithmic trading (creating advisors based on MQL5 signals using a program code inside the platform);

• copy service is already built into Metatrader.

Disadvantage: signals are provided for 1 month, after which the question about paying for a subscription appears. One trading account can be subscribed to only one signal provider.

XM Broker affiliate program

XM Broker offers only one variant of affiliate program with the following conditions:

The broker offers one type of partnership program, which implies a one-time reward of $450-$650 subject to the country of each invited trader.

Advantages of XM Group:

• Marketing support. More than 20 banner options in 25 languages, click tracking links, and ready-made websites and landing pages are available;

• A separate partner’s user account that provides for tracking statistics and conversion for each of the created campaigns by country, age category, etc.;

• Personal account managers and weekly payouts.

For more information on conditions of the partnership program, contact the support service.

2

RoboForex - Investment Programs

Investment Programs, Available Markets and Products of the Broker

RoboForex is the ideal broker for those looking to invest their money in the Forex market. This company has everything to earn a stable income — from professional analytics to technical functionality and optimal trading conditions. It is especially worth noting its investment program like RoboForex CopyFx which allows you to receive passive income without doing anything. According to customer reviews, RoboForex is the most popular brokerage company.

RoboForex CopyFx is a service for copying deals

RoboForex CopyFx is a passive investment option that involves connecting an investor's account to a professional trader's account and then copying his transactions. In this case, all trader's transactions are automatically opened on the investor's account. A specific trader's commission is deducted from the investor's profit in case of a successful transaction. The entire service is fully automated which minimizes your work to almost 0%. Learn More about CopyFX From RoboForex

CopyFX at RoboForex - how to choose a trader | Firsthand experience of Oleg Tkachenko

The minimum deposit is only $100, so everyone can test the waters. Having started working, the investor gets access to professional traders' ratings, which indicates the period of the account's existence, profitability, maximum drawdown level, and other statistics. Also, the investor can contact the trader directly.

An investor can connect to an unlimited number of traders, provided that his deposit can withstand such a load. Such diversification of risks makes it possible to form a full-fledged investment portfolio from traders' transactions.

An investor can disconnect from a trader at any time if he doesn't like something in his trading methods. It is a serious tool for protecting a deposit from RoboForex, which not all brokerage companies provide.

Separately, it should be noted that any person can simultaneously act as both an investor and a trader. All statistics on the effectiveness of copying transactions are displayed in the client's account.

Algorithm of working with the CopyFx copy trading platform:

• Once you register and pass verification, open a trading account. Investors can open any account, except for accounts with the MT5 and R StocksTrader platforms. Traders planning to provide signals open a separate account by choosing Open FxCopy Trader Account.

• In the Investment menu, open MT4 Trader Rating. Traders must meet minimum requirements of the broker in order to be included in the rating, such as the number of trades, the number of days the account has been active, and profitability. You will need to contact Customer support to learn about specific requirements.

• You will see main criteria in the list of traders: maximum drawdown, number of copy traders, profitability, account existence period, etc.

• Click on the profile of each trader to view trading statistics. You can activate the copy trading option in the profile of the trader you’d like to copy.

Copy trading is available on real accounts, subject to the deposit in the amount higher than the one specified in the trader’s profile. You can disconnect from a trader’s account at any time.

How to start investing in copy trading with RoboForex | Firsthand experience of Oleg Tkachenko

RoboForex affiliate program

It is not necessary to be familiar with trading to make money with RoboForex. Attract customers and earn up to 50% of the company's income. It works like this:

• You register as a partner, after which you receive information materials for posting on your website/blog, forums, or social networks. You also get a referral link.

• The person follows your referral link and deposits capital in his account.

• The broker receives the spread and credits a part of his profit to the partner's account in the referral trades.

Also, each partner can participate in the loyalty program with the possibility of receiving up to 20% additional partner remuneration every month.

Depending on the chosen partnership program and account type, the total amount of partner rewards can exceed 50% of the fees paid by the referral. For example, on Affiliate accounts, rewards are up to 70%. Taking into account the general fee of the VIP program with the loyalty reward, the total rewards of a partner could be as high as 84%.

3

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.

4

HFM - Investment Programs

Investment Programs, Available Markets and Products of the Broker

The HFM platform offers its clients options in investment trading to make trades on their own. Traders can also earn additional income by copying trades. It is also possible for HFM traders to invest in PAMM accounts.

Option for auto-copying deals

HFM’s service of automatic copying of trade operations allows providers of trading strategies to invite other traders to copy their trade strategies.

• To participate in this option, the minimum deposit is $500 for a strategy provider and $100 for a subscriber.

• Forex currency, bitcoin, and gold are among the available trading assets for automatic copy trading.

• The maximum leverage is 1:2000, and the minimum trading volume is 0.01 lot.

• The number of traders from whom a subscriber can copy trades is unlimited. This allows copy traders an opportunity to form their own portfolio while also diversifying their overall risk.

• Copying speed takes a few milliseconds, which is beneficial for efficiency while also reducing risks and errors.

All of this provides traders — both suppliers and subscribers — the opportunity to ear profits using their preferred trading strategy.

Using PAMM as an investment program

Investing in a PAMM account allows traders to generate profits on the foreign exchange market without initiating your own trades. Furthermore, the program provides additional opportunities to generate earnings for professional traders who want to try their hand at becoming managers.

Features of the HFM PAMM system

• The minimum deposit is $250. This is a relatively small amount for PAMM accounts, which allows everyone to try this investment option;

• The maximum leverage is 1:2000 and the spread starts from 0.3 pips;

• A wide assortment of trading instruments is available such as Forex, metals, oil, and various indices.

• Investors can invest in several PAMM accounts simultaneously, allowing investors to diversify their risk.

• Conveniently, traders who act as fund managers can manage multiple accounts simultaneously.

The Trader Union website provides trader ratings thereby enabling investors to be able to choose a manager that is optimal for the trader’s trading strategy.

HFM affiliate program

• Affiliate Partners and Introducing Brokers (IB) program is available to organizations and individuals around the world. It provides for making a profit in the form of a reward for attracting new customers to the broker. Under the terms of agreement, the company provides support by assigning a manager to each introduced broker. Also, the broker can assist in performing calculations, provide the necessary software, and guarantee a high level of service.

• Regional representative positions are available for trading professionals who help promote HFM at a regional level. These trading professionals will take on the responsibilities of managing an office in the region, while providing brokerage services on behalf of HFM.

• HFN’s White Label program is especially geared towards financial institutions and consulting firms. This program makes it possible to provide services under its own brand while enabling individual partnerships.

5

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.

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.