Best Forex Broker For Swap-Free Trading for 2026

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 - 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

Pepperstone - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Pepperstone is a great option for those who want to combine active manual trading and trading with expert advisors. Unfortunately, Pepperstone does not offer any types of investment programs such as trust management. However, social trading is provided, allowing traders to receive trading signals from experienced market participants and auto-copy trades.

The lack of options for investing capital to obtain passive income in their more familiar format for many PAMM accounts is compensated by a variety of trading assets. So, traders can trade currency pairs as well as futures.

Besides, Pepperstone offers lucrative affiliate programs that allow most traders to pursue their preferred trading style.

Pepperstone affiliate program

• The Pepperston affiliate program is a customer acquisition based program that we have found most suitable for internet marketers, SEO professionals, large web resource owners, or bloggers. For more general information regarding this affiliate program, please contact Pepperstone directly.

• Pepperstone also offers a unique program that they call Introducing Broker (IB). This unique program provides a reward of up to 55% back to participating traders. The program offers participating traders access to a unique system that allows real-time tracking of conversion and trade volume. The partner receives the support of a professional conversion team. The term for calculating remuneration in the form of a commission for clients is unlimited.

• Pepperstone also offers a program of professional fund managers. This program is particularly geared for qualified professionals having at least three years of trading experience. Note that having a regulatory license is a condition precedent for applying to this affiliate program and conducting business.

Due to the variety of affiliate program options, everyone can choose the best option for themselves and that matches their skill set. The programs allow you to make a profit from trading even without performing trading operations yourself.

3

ATFX - Investment Programs

Investment Programs, Available Markets and Products of the Broker

ATFX is a broker with conditions designed for active traders. The company also provides an opportunity to earn passive income without being personally involved in trading. The number of investment programs of ATFX is limited: the customers can invest in a PAMM account and earn a partnership reward under the Introducing Broker program. In 2020, the broker launched TeamUp, a proprietary social trading platform, which allows investors to copy trades of successful traders.

PAMM is a managed accounts system from ATFX

PAMM accounts from ATFX are managed accounts that provide an investor with an opportunity to earn profit without trading independently. All financial transactions are performed by the chosen manager. The investor pays the managing trader a fee for successful trades. All conditions are discussed and agreed upon in advance, and profit distribution is automatic.

Key features of PAMM accounts on ATFX:

• The customer receives daily reports on the actions taken on the account.

• An investor can choose the manager from the ratings based on the information about the managed funds, the trader’s equity, level of strategy’s aggressiveness, and age of the account.

• The minimum investment amount, manager’s reward, investment period, and also a penalty for early withdrawal of funds are specified in the contract upon the offer of managing services.

Using PAMM accounts, a trader, who does not have the skills of trading on financial markets, can earn passive income. All trades on the managed accounts are performed by professional traders, which is why an investor does not need to perform analysis and trade. Placement of equity on several PAMM accounts with different managers provides an opportunity for a passive investor to diversify investments.

ATFX affiliate program:

• Introducing Broker (IB) is a program with a partnership reward of up to $19 per lot of the connected customer.

ATFX offers only one type of partnership. The company gives up a part of its commission to the introducing broker for introducing ATFX services to the traders and urging them to become active customers.

4

XBTFX - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Traders come to brokerage companies to trade actively, but alternative methods of income, especially passive ones, may be of interest to many. Today, typical options are copy trading services, PAMM and MAM accounts, and referral programs. XBTFX provides each of these options.

Copy trading

Traders can register in the service as signal providers or investors. Providers trade as usual, but at the same time their trades are broadcast to interested investors. Investors, having connected to selected providers, automatically duplicate their trades. Traders can set a limit. For example, the provider may bet $1,000 and the investor may bet $100. If the provider's bet is successful, everyone makes a profit according to their proportional bets, and signal providers additionally charge investors a small fee for their services. Copy trading provides 100% passive income with reduced risk.

MAM and PAMM accounts

These are joint accounts that combine the manager's main account and sub-accounts owned by investors. Managers, in addition to their own capital, use investor funds when trading, but with some restrictions. For example, investors can set a trade limit of $500. If a manager executes a successful trade, then both the manager and investors make a profit according to their bets. PAMM and MAM accounts differ from copy trading in that managers control sub-accounts, although not completely, while in copy trading, the provider's actions are simply duplicated on investor accounts.

Referral program

Each client of this company receives a personal referral link, which can be freely placed on the internet (social networks, forums, or sent via instant messengers). Users who follow this link to this broker's website become referees of its owner. Referees bring the link’s owner a percentage of their income. Profit is accrued every hour in USD. The program has three levels: 1-5 referrals, 6-9 referrals, and 10 or more referrals. On the first level, the bonus payout is 10%; on the second, it’s 20%, and on the third, it is 30%. The number of referrals is unlimited.

5

FreshForex - Investment Programs

Investment Programs, Available Markets and Products of the Broker

The absence of the investment programs is a weakness of the FreshForex company. Previously, Fresh Forex provided an opportunity for passive investment up until 2016 but later closed it. At the moment, passive trading with this broker is possible only with the use of automatic advisers.

FreshForex affiliate programs

The broker pays up to $30 per lot – some of the most competitive conditions among partnership programs in the financial markets!

To become a partner, you need to:

• Open a partner account and receive your referral link immediately after registration

• Attract clients using your referral link

• Clients register through the link, fund their accounts, and start trading

• Receive and withdraw your partner commissions from your partner account

• Partner commissions are credited monthly

You can become a partner if you have your own website, themed Telegram channels, WhatsApp groups, or social media communities. It’s also a great opportunity if you train traders or simply have many people around you interested in making money online.

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.