10 Best Forex Brokers by Swaps

 

We have listed the 10 Best Forex Brokers by Swaps, offering traders the most favorable overnight interest rates on currency pairs. These brokers provide transparent swap conditions, strong regulation, and advanced trading platforms, allowing both beginners and professionals to manage long-term positions efficiently and maximize potential returns.

 

10 Best Forex Brokers by Swaps (2025)

 

1. MultiBank Group – Overall, The Best Forex Broker by Swaps
2. Pepperstone – Tight spreads on the Razor account
3. HFM – High leverage up to 1:2000
4. XM – Powerful trading platforms
5. Tickmill – Free VPS hosting for eligible clients
6. Admirals – Multi-functional broker
7. AvaTrade – AvaOptions for options trading
8. RoboForex – CopyFX system for copy trading
9. FP Markets – Trading platforms like MT4, MT5, cTrader, and TradingView
10. IC Markets – Ultra-fast execution and deep liquidity

 

Top 10 Forex Brokers (Globally)

 

 

1. MultiBank Group

 

★★★★

Minimum Deposit: $50 Regulated by: AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC Crypto: Yes

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Multibank Group is a legit forex broker known for its competitive swap rates and wide range of trading instruments. It offers flexible account types, advanced platforms like MetaTrader 4 and 5, and transparent overnight financing, making it suitable for both short-term and long-term traders.

 

 

 

Frequently Asked Questions

 

Does MultiBank Group offer competitive swap rates?

Yes, MultiBank Group generally offers competitive swap rates, and is rated as having low financing rates compared to some peers. They also offer Swap-Free (Islamic) accounts on their Standard and Pro tiers in eligible countries, eliminating overnight fees for those traders.

 

Can I calculate swaps on the MultiBank trading platforms?

Yes, you can easily see the swap rates on MultiBank’s MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms by checking the Specification of any trading instrument in the Market Watch window.

 

★★★★

Minimum Deposit: $50 Regulated by: AUSTRAC, BAFIN, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

2. Pepperstone

 

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

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Pepperstone is an authorized forex broker known for its competitive swap rates and flexibility. They offer swap-free (Islamic) accounts in many regions, provide transparent overnight funding for standard accounts, and apply a triple swap charge on positions held through Wednesday night (5 PM New York time).

 

 

 

Frequently Asked Questions

 

Is Pepperstone a legit forex broker?

Yes, Pepperstone is considered a very legitimate and safe forex broker. It is strongly regulated by multiple top-tier financial bodies globally, including the FCA, ASIC, and CySEC.

 

Can I open a swap-free (Islamic) account with Pepperstone?

Yes, Pepperstone offers swap-free (Islamic) accounts for clients adhering to Sharia law. These accounts are available in a limited list of eligible countries and require approval from their customer support team.

 

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

3. HFM

 

★★★★★

Minimum Deposit: $0 Regulated by: FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA Crypto: Yes

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HFM is an authorized broker offering traders transparent swap/rollover policies. Their swap calculator shows interest paid or earned for positions held overnight. They also provide swap-free account options for eligible clients and instruments.

 

 

 

Frequently Asked Questions

 

Does HFM charge swaps on overnight positions?

Yes, HFM generally charges swaps (rollover fees) on overnight positions for most instruments. However, they offer a Swap-Free Trading feature, including specific swap-free account types like Premium, Pro, and Zero Accounts, which eliminate these charges on selected instruments.

 

Does HFM offer swap-free accounts?

Yes, HFM offers swap-free accounts for traders, primarily in two ways. They provide an Islamic Account option that can be applied to certain account types, and some of their regular accounts, like the Zero, Pro, and Premium, are also swap-free on specific instruments.

 

★★★★★

Minimum Deposit: $0 Regulated by: FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

Top 3 Forex Brokers by Swaps – MultiBank Group vs Pepperstone vs HFM

 

 

 

4. XM

 

★★★★★

Minimum Deposit: $5 Regulated by: FSC Crypto: Yes

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XM is an authorized forex broker that applies swap/rollover fees to positions held overnight for most account types. However, XM offers Islamic (swap-free) accounts for eligible clients who cannot pay or receive interest due to religious beliefs, subject to approval and specific terms.

 

 

 

Frequently Asked Questions

 

Is XM an approved forex broker?

Yes, XM is an approved and regulated global forex broker. It operates under multiple entities that are overseen by several financial authorities, including CySEC (Cyprus), ASIC (Australia), DFSA (Dubai), and FSCA (South Africa).

 

Does XM charge swap fees?

Yes, XM charges swap fees (overnight financing) for positions held open overnight on their standard trading accounts. However, they also offer an Islamic (Swap-Free) option on all account types, which eliminates these overnight interest charges.

 

★★★★★

Minimum Deposit: $5 Regulated by: FSC Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

5. Tickmill

 

★★★★★

Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes

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Tickmill is an authorized forex broker offering transparent swap/rollover rates. They charge swaps each night for open positions, with triple rates on Wednesdays to cover weekend rollover. Swap-free (Islamic) accounts are available for eligible clients, though handling fees may apply for some instruments when held over several nights.

 

 

 

Frequently Asked Questions

 

Does Tickmill charge swap fees?

Yes, Tickmill generally charges swap fees (overnight financing) for positions held open overnight. However, they offer an Islamic/Swap-Free account option for eligible traders, which removes standard swap fees but may instead apply a daily handling charge on certain instruments.

 

Does Tickmill offer swap-free accounts?

Yes, Tickmill offers swap-free accounts, also known as Islamic accounts, which are compliant with Sharia law. This option removes the overnight interest charges (swaps) on all their account types for eligible Muslim traders.

 

★★★★★

Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

6. Admirals

 

★★★

Minimum Deposit: $25 Regulated by: FCA, ASIC, CySEC Crypto: Yes

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Admirals is an authorized forex & CFD broker that applies swap/overnight fees on positions held past a trading day. They also offer Islamic (swap-free) account options for clients who cannot pay or receive interest, subject to certain admin fees for long-held trades.

 

 

 

Frequently Asked Questions

 

Is Admirals an authorized forex broker?

Yes, Admirals is an authorized forex broker, with several entities regulated by major financial authorities globally. These include the FCA (UK), ASIC (Australia), and CySEC (Cyprus), which are considered top-tier regulators.

 

Does Admirals charge swap fees?

Yes, Admirals generally charges swap fees (overnight financing rates) on leveraged positions held past the daily rollover. However, they also offer an Islamic (Swap-Free) Account option for eligible traders, which replaces the standard swap fees with a flat administration fee on positions held for more than a few days.

 

★★★

Minimum Deposit: $25 Regulated by: FCA, ASIC, CySEC Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

7. AvaTrade

 

★★★★★

Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes

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AvaTrade is an authorized forex & CFD broker that charges overnight premium/swap fees for positions held past 22:00 GMT. Swaps depend on the instrument, trade size, and long/short direction. They offer Islamic swap-free accounts for eligible clients upon approval.

 

 

 

Frequently Asked Questions

 

Does AvaTrade offer swap-free accounts?

Yes, AvaTrade offers a Swap-Free Account (also called an Islamic Account) that adheres to Sharia law by removing overnight interest. However, be aware that trades held open for more than five days on this account will be charged swap fees.

 

Does AvaTrade charge swap fees?

Yes, AvaTrade does charge swap fees (also called overnight premiums) on positions held open after the market closes for the day on their standard accounts. They offer a separate, Sharia-compliant Islamic Account that is swap-free for trades held less than five days.

 

★★★★★

Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

8. RoboForex

 

★★★★

Minimum Deposit: $10 Regulated by: FSC Crypto: Yes

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RoboForex is an authorized forex broker that applies swap fees (rollover interest) for holding overnight positions, which can be either charged or credited. They also provide Swap-Free (Islamic) accounts, replacing swaps with a fixed daily commission based only on the instrument and trade size.

 

 

 

Frequently Asked Questions

 

Is RoboForex a legal forex broker?

Yes, RoboForex is a legal broker, regulated by the Financial Services Commission (FSC) of Belize (license No. 000138/32). They are also a member of the Financial Commission, which offers dispute resolution and a compensation fund.

 

Does RoboForex charge swap fees?

Yes, RoboForex charges swap fees (overnight interest) on their standard trading accounts. However, they also offer Swap-Free (Islamic) accounts where an administrative daily commission replaces the traditional swap fee for Sharia compliance.

 

★★★★

Minimum Deposit: $10 Regulated by: FSC Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

9. FP Markets

 

★★★★★

Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes

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FP Markets is an authorized forex broker that levies swap fees (overnight financing) for positions kept open after 00:00 server time. This charge is based on the interest rate difference of the currency pair and can be either a debit or credit depending on the trade direction (long or short).

 

 

 

Frequently Asked Questions

 

Does FP Markets charge swap fees?

Yes, FP Markets charges swap fees (overnight financing) for positions held past 00:00 server time on their standard accounts. They also offer a Swap-Free (Islamic) account option, which replaces the swaps with an administrative fee.

 

Does FP Markets offer swap-free accounts?

Yes, FP Markets offers Swap-Free (Islamic) accounts which are Sharia-compliant and do not charge or credit overnight interest (swaps). Instead, an administrative fee may be applied to positions held long-term.

 

★★★★★

Minimum Deposit: $100 Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

10. IC Markets

 

★★★

Minimum Deposit: $200 Regulated by: FSA Crypto: Yes

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IC Markets, an authorized forex broker, applies swap fees (overnight financing) to trades kept open after the daily session closes. These charges, which can be a debit or a credit, are calculated based on the currency pair’s interest rate differential and the direction of your trade (long or short).

On MT4 and MT5, the swap rates are quoted in points and automatically converted to your account’s base currency.

 

 

 

Frequently Asked Questions

 

Is IC Markets an authorized forex broker?

Yes, IC Markets is an authorized and regulated forex broker. It operates globally through different entities regulated by multiple financial authorities, including ASIC (Australia), CySEC (Cyprus), the FSA (Seychelles), and the SCB (The Bahamas).

 

Does IC Markets charge swap fees?

Yes, IC Markets does charge swap fees (overnight financing) for positions in forex, metals, and other CFDs held open beyond the daily trading session. These fees are based on the interest rate difference of the currency pair.

 

★★★

Minimum Deposit: $200 Regulated by: FSA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

What are Swaps in Forex Trading?

In Forex trading, a swap (also called a rollover) is the interest fee or credit you either pay or receive for holding a currency position overnight. It arises because each currency has its own interest rate, and when you trade one currency against another, you are effectively borrowing one currency to buy another.

 

Key Points:

• Swaps are calculated at the end of the trading day, usually at 5 PM New York time.

• A triple swap is often applied on Wednesdays to account for weekend interest.

• Some brokers offer swap-free (Islamic) accounts, where swaps are replaced with an administrative fee to comply with Sharia law.

 

Swaps are the cost or gain for holding positions overnight, influenced by the interest rate difference between the two currencies in your trade.

 

Criteria for Choosing a Forex Broker by Swaps

 

 

 

Top 10 Best Forex Brokers by Swaps – A Direct Comparison

 

 

What Real Traders Want to Know!

Explore the Top Questions asked by real traders across the Globe. From overnight trades to how often swaps are charged, we provide straightforward answers to help you understand swaps and choose the right broker confidently.

 

Q: How do swap rates affect my overnight forex trades? – James K.

 

Q: Can I choose a swap-free account with any broker? – Maria L.

 

Q: How often are forex swaps charged? – Lin W.

 

Pros and Cons

 

 

 

You Might also Like:

 

• MultiBank Group Review
• Pepperstone Review
• HFM Review
• XM Review
• Tickmill Review
• Admirals Review
• AvaTrade Review
• RoboForex Review
• FP Markets Review
• IC Markets Review

 

In Conclusion

Forex brokers by swaps offer both opportunities and costs depending on position direction and interest rates. Understanding how swaps work helps traders minimize losses, optimize strategies, and choose transparent, well-regulated brokers for long-term success.