SpreadScout  ·  Independent & data-driven  ·  Updated June 2026
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2026 ranking

Best swap-free (Islamic) forex brokers

Swap-free (Islamic) accounts hold positions overnight without charging or paying interest, in line with Sharia principles. These brokers offer genuine swap-free accounts, ranked by overall quality.

1
IC
IC Markets ASIC, CySEC, FSA
Islamic accountSwap-free available
4.9
2
Pe
Pepperstone FCA, ASIC, CySEC
Islamic accountSwap-free available
4.8
3
Ex
Exness CySEC, FSCA, FSA
Islamic accountSwap-free available
4.6
4
FX
FXTM FSC, FSCA, CMA
Islamic accountSwap-free available
4.4
5
HF
HFM FCA, CySEC, DFSA, FSCA
Islamic accountSwap-free available
4.2
6
XM
XM Group ASIC, CySEC, DFSA
Islamic accountSwap-free available
4.0
7
AV
AvaTrade CBI, ASIC, FSCA, ADGM
Islamic accountSwap-free available
3.8

Ranked by the SpreadScout Score from hands-on testing on funded accounts. We may earn a commission — it never affects the ranking. 74–89% of retail CFD accounts lose money.

Swap-free (Islamic) brokers — frequently asked

Are swap-free accounts really interest-free?
Genuine Islamic accounts charge no overnight swap. Some brokers apply an administration fee on positions held for many days instead — check the terms for your account.
Who can open a swap-free account?
Most brokers offer swap-free accounts to clients of Islamic faith; some offer them more widely. Eligibility is set per broker.

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