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

Vantage Markets - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Vantage Markets is primarily focused on clients who are actively trading. Traders can use long-term transactions with currency pairs and CFDs on stocks for investments.

Vantage Markets partners with three of the largest independent social media traders:

• MyFxBook;

• ZuluTrade;

• DupliTrade.

The company's customers can subscribe to any number of signal providers on these platforms. Autotrading is a versatile option that caters to both seasoned investors and newcomers. It enables individuals to acquaint themselves with the strategies of accomplished traders and begin replicating their transactions, all while earning a steady stream of passive income.

Vantage FX’s (Vantage Markets) affiliate programs

The broker Vantage Markets offers various types of affiliate programs to attract new clients:

CPA affiliate program (CellXpert). This affiliate program provides a reward for traders who promote the broker's services. The size of the bonus differs depending on the country from which new traders come.

Introducing Broker (IB). This affiliate program is targeted at both private and corporate clients wishing to partner with Vantage Markets. It involves attracting new clients to the company and receiving stable payments for their trade in the form of a fixed amount, up to $ 8 per lot.

Hybrid affiliate program. This affiliate program combines CPA and IB affiliate remuneration schemes, which involve both a one-time payment for an attracted client and regular monthly payments for trading activity in the form of a fixed amount for 1 lot.

WHITE LABEL. It is provided for clients who want to start their own brokerage business. As part of this affiliate program, Vantage Markets provides the partner with access to financial markets, trading platforms, work strategy, trading instruments, liquidity, and more. As a result, the partner works under a well-known brand, providing clients with high-quality brokerage services, which are constantly monitored by the official representatives of Vantage Markets.

Additionally, the broker provides marketing materials and tools for attracting traders within the framework of available affiliate programs — including a landing page, ready-to-use banners for posting on websites and social networks.

4

Tickmill - Investment Programs

Partnership Programs, Available Markets and Products of the Broker

Tickmill EU does not offer investment programs at the moment. Instead, you can use signal provider service of the MetaQuotes (MQL5) community integrated in MT4 and MT5. You can register as an investor or a trader (signal provider). As a trader you can provide signals both for manual trading and signals provided by expert advisors.

Tickmill.com offers the following options for passive investors:

• MyFxBook AutoTrader. This is an analytical platform with integrated Tickmill’s technology. To copy signals, link your trading account with Tickmill to your user account registered on the MyFxBook website. Then, start copying signals after setting risk level limits.

• Copy trading service integrated in MT4/MT5. To copy trades, register on the MQL5 website and make a deposit. Link your user account on the MetaTrader platform (for example, through the “Signals” tab) and pay subscription fee to the trader whose trades you are going to copy.

Investor’ reviews of the Tickmill copy trading services are available here. Read More about Tickmill Copy Trading

Tickmill Partnerships

The broker offers the following types of partnership programs:

• Introducing Broker (Tickmill.com). This is a standard program for attracting referrals in any convenient way for a partner. Reward is up to $10 pre each standard lot traded by a referral on the Classic account and $3 on Raw account. New clients get a 5% discount on fees.

• Tickmill Prime (Tickmill.com). It is an offer for corporate clients. The broker provides technology for aggregating and processing orders, institutional connections for generating liquidity, server capacities, bridges, etc. under partnership conditions.

• MAM Manager (Tickmill.com, Tickmill.EU). This is an instrument that allows traders to place any number of orders on trusted accounts. Partners must comply with such requirements as minimum capital of $5,000, and obligatory availability of two investor accounts with a total amount of at least $50,000.

• Portfolio Management (Tickmill.EU). Under this program, traders invest money in investment portfolios formed by a team of professional managers of the broker. The offer is valid for large investors with accounts from €50,000.

• White Label (Tickmill.EU). This program provides for the transfer of the platform and technologies to partners to form their own brand. The fee is $5 per each million for one party (no minimum fee).

5

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.

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.