Best Brokers with Islamic / Swap-Free Account 2026
Sharia-compliant accounts with zero overnight interest charges.
Quick Answer
The best EU-regulated forex brokers offering a Islamic / Swap-Free Account in 2026 are Pepperstone, Exness, IC Markets. Typical pricing on this account model is Same as broker's standard spreads with Varies by broker, and minimum deposits range from EUR 100 - EUR 500.
What is a Islamic / Swap-Free Account?
An Islamic (or Swap-Free) account eliminates the overnight interest (swap) charge on positions held past rollover, making it compliant with Sharia law's prohibition on riba (interest). The broker either waives the swap entirely or replaces it with a fixed administration fee. Swap-free accounts are typically available to all traders, not just Muslims, and they can be a useful cost reduction for anyone who holds positions for several days or longer.
Typical Spread
Same as broker's standard spreads
Typical Commission
Varies by broker
Typical Min Deposit
EUR 100 - EUR 500
Typical Features
- ✓Zero overnight swap / rollover fees
- ✓Sharia-compliant (no riba)
- ✓Available on most major forex pairs, indices, and commodities
- ✓Fixed administration fee may replace swap after 3 to 10 days
- ✓Full ESMA protections and negative balance protection
- ✓All standard platforms supported
Pros & Cons
Pros
- ✓Zero overnight interest, fully Sharia-compliant
- ✓Better economics for long-term position traders
- ✓No negative carry on leveraged positions
- ✓Available alongside standard or raw spread pricing
- ✓ESMA-compliant negative balance protection
Cons
- ✗Some brokers apply a fixed administration fee after a holding period
- ✗Not all instruments may be eligible for swap-free treatment
- ✗May require formal application or religious declaration at some brokers
- ✗Raw spreads and commissions may be slightly wider than standard accounts
Who Should Use a Islamic / Swap-Free Account?
Muslim traders seeking a Sharia-compliant account and any position or swing trader who holds trades overnight for multiple days. Carry traders and long-term trend followers can benefit from eliminating negative swap costs on certain pairs.
Top 3 Brokers for Islamic / Swap-Free Account
Full Comparison Table
All EU-regulated brokers offering a islamic / swap-free account, ranked by the quality of their offering for this account model.
| # ▲▼ | Broker ▲▼ | Score ▲▼ | Cost/Lot ▲▼ | Min Deposit ▲▼ | EUR/USD ▲▼ | Max Leverage ▲▼ | Regulators ▲▼ | Platforms ▲▼ | Action |
|---|---|---|---|---|---|---|---|---|---|
| 1 |  | 9.4 | $7.00 | None | 0.0 pips (Razor), 0.69 pips (Standard) | Up to 1:500 | ASICAustralia | MetaTrader 4, MetaTrader 5, cTrader, TradingView | |
| 2 |  | 9.4 | $7.00 | $10 | 0.0 pips (Raw), 0.3 pips (Pro), 1.0 pips (Standard) | Up to 1:2000 | FSASeychelles | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness App | |
| 3 |  IC Markets | 9.1 | $7.00 | $200 | 0.0 pips (Raw Spread), 0.6 pips (Standard) | Up to 1:30 | ASICAustraliaFSASeychelles | MetaTrader 4, MetaTrader 5, cTrader, TradingView | This broker does not accept new clients from your region |
| 4 |  XTB | 8.8 | $1.00 | None | From 0.1 pips | Up to 1:30 | KNFPolandFCAUKCySECCyprus | xStation 5, xStation Mobile | This broker does not accept new clients from your region |
| 5 |  | 8.7 | $9.00 | €100 | 0.9 pips typical | Up to 1:400 | ASICAustraliaFSCASouth AfricaFSAJapan | MetaTrader 4, MetaTrader 5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial | |
| 6 |  | 8.7 | $6.00 | $5 | 0.6 pips (Ultra Low), 1.6 pips (Standard) | Up to 1:1000 | ASICAustraliaIFSCBelize | MetaTrader 4, MetaTrader 5, XM App | |
| 7 |  | 8.6 | $6.00 | €20 | 0.6 pips average | Up to 1:200 | SCBBahamas | Capital.com Platform, Capital.com App, MetaTrader 4, MetaTrader 5, TradingView | This broker does not accept new clients from your region |
| 8 | T Tickmill | 8.5 | $6.00 | €100 | 0.0 pips (Raw), 1.6 pips (Classic) | Up to 1:500 | FSASeychelles | MetaTrader 4, MetaTrader 5, Tickmill App | |
| 9 |  | 8.4 | $7.00 | $100 | 0.0 pips (Raw), 1.0 pips (Standard) | Up to 1:30 | ASICAustralia | MetaTrader 4, MetaTrader 5, TradingView | This broker does not accept new clients from your region |
| 10 |  | 8.4 | $7.00 | None | 0.0 pips (Pro), 1.0 pips (Standard) | Up to 1:30 | ASICAustraliaDFSADubai | MetaTrader 4, Axi Copy Trading App | This broker does not accept new clients from your region |
Risk warnings
79.6% of retail CFD accounts lose money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Frequently Asked Questions
What is an Islamic forex account?
Can anyone open a swap-free account, or only Muslims?
Do swap-free accounts have wider spreads?
Which EU brokers offer swap-free accounts?
Explore Other Account Types
CFD Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.