Do you want to successfully trade on Forex without swaps? Then you need brokerage companies operating on the swap-free account! It should be said that the swap is a cash payment for keeping the position open overnight. Islamic Forex brokers presented in this rating do not charge a fee for it. This TopBrokers.com page brings to your attention a list of reliable and responsible brokers who allow their clients to open an Islamic Forex account.
Best Swap Free Islamic Forex Brokers
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Exceptional Execution
US Clients
Scalping
Pros
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OANDA is among the few international online forex brokers that accept U.S. clients.
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The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.
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OANDA does not require a fixed initial deposit on the standard account.
Cons
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OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
Withdraw fee
N/A
Deposit fee
4
Max leverage
1:50
Min deposit
N/A
Top Regulators
CFTC, NFA
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trusted
1
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Exceptional Execution
-
US Clients
-
Scalping
Pros
-
OANDA is among the few international online forex brokers that accept U.S. clients.
-
The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.
-
OANDA does not require a fixed initial deposit on the standard account.
Cons
-
OANDA’s financial offerings have some irregularities that may only suit some traders
-
-Trading on OANDA may incur several fees, including a monthly inactivity fee
- Withdraw feeN/A
- Deposit feeN/A
- Max Leverage1:50
Some more useful information about Islamic Forex brokers
In addition to the advantages of conducting profitable trades, Islamic Forex trading accounts are widely demanded in the Muslim world, where according to the norms of the Quran, any form of usury is strictly prohibited. Initially, swap trading accounts of the commission-free type were created specifically for Muslims. That is why such a type is often called an Islamic Forex account in the professional world of traders. At the same time, such an account will be attractive to users not only from a religious point of view. Swap free makes medium and long-term Islamic Forex trading with sittings out even more profitable because it allows traders to keep the position open indefinitely without having to pay additional fees.
As a result, the trader’s income will only be affected by a change in the rate during a certain period. , an Islamic Forex trading account is also attractive for intraday traders. This is due to several factors. The most important of them is that only reliable and recognized Islamic Forex brokers offer traders the opportunity to use swap-free accounts free and without additional fees. We will help you choose the right Islamic Forex broker without swaps for successful trading on the Forex market.