Forex Brokers with Swap-free Account

Forex brokers with rollover-free (swap-free) accounts

• Most forex brokers offer Islamic accounts(swap-free accounts/rollover-free accounts)with which traders with islamic faith won’t receive or pay overnight interest, because giving or receiving interest is not allowed under Sharia Islamic law. (Note: Rollover can either be negative (you have to pay) or positive (you get paid)).
• With rollover-free (swap-free)account, forex brokers will choose to charge traders a small daily service fee for positions held overnight or make the spreads on all currency pairs a bit higher.

An approximate list of countries whose residents can apply for Islamic accounts(swap-free accounts):

Afghanistan, Albania, Algeria,
Bahrein, Bangladesh, Brunei
Comoro Islands
Djibouti
Egypt
Indonesia, Iran, Iraq
Jordan
Kuwait
Libya
Malaysia, Maldives, Mauritania, Morocco
Niger, Nigeria
Oman
Pakistan, Palestine
Qatar
Saudi Arabia, Somalia, Sudan, Syria
Tunisia, Turkey
UAE
Western Sahara
Yemen