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Best Swap Free Islamic Forex Brokers

in United States

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.

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Forex.com
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:50
Start trading
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OANDA
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OANDA
  • Exceptional Execution
  • US Clients
  • Scalping
  • Withdraw feeN/A
  • Deposit feeN/A
  • Max Leverage1:50
eToro US
  • Specialized trading accounts
  • Withdraw fee5$
  • Deposit fee0$
  • Max Leverage1:30
Swissquote
  • Specialized trading accounts
  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Colmex Pro
  • Wide range of payment options
  • Withdraw fee$25
  • Deposit fee$0
  • Max Leverage1:400
Trading.com
  • Variety of Trading Instruments
  • WebTrader Platform
  • Simple Registration
  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:30
Interactive Brokers
  • 24/7 instant money withdrawal
  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
IG
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Withdraw feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
TD Ameritrade
  • Variety of Trading Instruments
  • Advanced Trading Tools
  • Retirement Planning
  • Investment Research
  • Withdraw fee$0
  • Deposit fee$0
  • Max Leverage1:4

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.