Top Forex Brokers Offering Swap-Free Accounts in 2026

Swap-free accounts remove overnight swap charges (also called rollover). Instead of swap, some brokers apply an administration fee after a set holding time. This matters for swing trading, gold trading, and index CFDs where positions can stay open for days. This guide compares seven swap-free forex brokers using practical trading checks: spreads and commissions, execution model, platform stability, funding routes, and the exact swap-free rules that change the real cost of holding trades.

Quick Summary: 

• Pepperstone stands out as the best overall pick for swap-free trading because it combines an STP / NDD execution model and the widest platform choice here (MT4, MT5, cTrader). Swap-free positions face an administration fee from day 5, plus a 1 pip spread markup on forex.
• FXGlory targets small accounts and high leverage traders. The minimum deposit is $1 and maximum leverage is 1:3000. All account types are swap-free, pricing is fixed spread, and trading runs on MT4 and MT5 with commission-free costs for the swap-free setup.
• OANDA fits traders who want a broker with strong regulation. Its swap-free account structure replaces standard rollover with an administration fee model on eligible instruments.
• Tickmill works best for professionals focused on pricing and execution. It runs STP / NDD and offers Classic and Raw swap-free accounts. The Raw account commission is $3 per side per lot ($6 round-turn). Swap-free handling fees apply after 3 consecutive days on some instruments, and crypto has a 5-day swap-free window before different financing terms apply.
• Capitalcore is built around swap-free by default and fixed spreads with maximum leverage of 1:2000. It is a practical choice for traders who prefer a proprietary web-based setup. 
• eToro suits beginners who want a simple platform and copy trading with swap-free status available in specific countries. Swap-free has a 7-day grace period, then fixed administration fees from day 8. Swap-free access requires a $1000 deposit and a formal request.
• FBS is a strong low deposit option ($5 minimum deposit) with MT4 and MT5 support and high maximum leverage (1:3000). Swap-free activation requires a request, and a fixed fee applies after 2 days on longer holds, with a weekly commission structure on forex exotic instruments.
   

Eligibility & Rules: What Traders Need to Know

Regulators and legal access

Regulation depends on the legal entity a trader opens under. A single broker brand can run multiple entities in different regions, and each entity can sit under a different regulator. That is why the same broker can offer different leverage, products, and protections depending on where the account is registered. Access rules also vary by residency. Some brokers accept clients worldwide, while others block certain countries or allow only limited product types. A common example is US residency: some platforms allow US users only for specific markets such as stocks or crypto, while forex and CFD trading are not offered. Other brokers do not onboard US residents at all. Because of these differences, eligibility should be checked at account opening, using the broker entity name and the regulator listed for that entity.

Leverage limits and product restrictions

Maximum leverage varies widely across these seven brokers, from 1:400 up to 1:3000. Pepperstone and Tickmill offer 1:1000. Capitalcore offers 1:2000. FXGlory and FBS offer 1:3000. eToro offers 1:400. OANDA offers 1:200.

Swap-free accounts also come with product rules. Some brokers apply swap-free to specific instruments only, or apply a fee after a holding time. Traders who hold positions past the grace period should treat the administration fee as part of total trading cost.

Availability (who can open an account)

Availability depends on residency, the broker entity, and the swap-free eligibility rules. Some swap-free accounts are approved only for specific regions. eToro swap-free status is restricted to residents of UAE, Saudi Arabia, Qatar, Oman, Bahrain, Kuwait, Jordan, Morocco, Egypt, and Algeria.
 

Safety Checklist: How to Verify a Broker

Licensing and oversight

• Match the broker entity to its regulator and verify the license in the regulator register.
• Check the broker's legal name, not only the brand name.
• Confirm the execution model (STP / NDD vs market maker) and understand how it affects fills and slippage.

Client money protection

• Look for clear wording on segregated client funds.
• Confirm deposit and withdrawal methods and keep proof of funding.
• Test a small withdrawal before scaling position size.

Negative balance protection (if offered)

• Check whether negative balance protection is included for the exact entity and account type used.
• Use hard stop-loss orders and monitor margin level, especially when leverage is 1:1000 or higher.
   

How We Ranked These Brokers

Trust and regulation

Brokers with broader regulation coverage ranked higher for safety.

Total costs (spreads/commissions/fees)

Total cost includes spread type (fixed, floating, or both), commissions where stated, inactivity fees, and swap-free administration fees after the grace period. Swap-free does not mean cost-free holding.

Platform and execution reliability

Execution model and platform choice matter for real trading. STP / NDD setups and stable MT4 or MT5 environments support scalping, EAs, and news trading more consistently than platform limited setups.

Funding and withdrawals

More funding routes make account management easier. This comparison also considers card funding, crypto funding, and e-wallet support such as PayPal, Skrill, and Neteller.

Support quality

Swap-free accounts can require manual approval and rule confirmation. Support speed and clarity matter when administration fees start after a holding period.
 

Comparison Table

*After 7 days, a daily fee is applied based on the asset type and lot size. For example, a major currency pair costs $10 per day per standard lot.
**Standard accounts start at $10. $1,000 applies only if requesting a swap-free account.
***Pepperstone, Tickmill, and FBS also offer Zero Commission Accounts. 
 

Detailed Reviews

Pepperstone: Best Overall

Overview

Pepperstone is ranked best overall for swap-free forex trading because it combines an STP / NDD execution model with broad platform support and a strong regulation list. The minimum deposit is $0, the minimum lot size is 0.01, and maximum leverage is 1:1000.

Regulation & safety

Pepperstone is regulated by DFSA. Execution is listed as STP / NDD.

Costs

Spread type is floating. Swap-free positions remove swaps, then apply an administration fee on positions held for 5 days or more. The swap-free setup also includes a 1 pip markup on forex spreads. No inactivity fee is charged.

Platforms

Pepperstone supports MT4, MT5, and cTrader, plus web and mobile trading.

Pros

• STP / NDD execution model supports scalping, EAs, and news trading.
• MT4, MT5, and cTrader support gives strong flexibility for strategy builders.

Cons

• Swap-free eligibility uses region and approval rules.
• Swap-free uses administration fees instead of swaps, so holding cost still exists.

Best For

Traders who want a regulated swap-free account with platform choice, clean execution, and support for scalping, hedging, and automated trading.
 

OANDA: Best for Regulation Focus

Overview

OANDA suits traders who prioritize regulation coverage and a simple, spread-based setup. The minimum deposit is $0, minimum lot size is 0.01, and maximum leverage is 1:200 with most accounts at 1:30.

Regulation & safety

OANDA is regulated by FCA and ASIC. Execution is listed as market maker (principal).

Costs

Spreads are floating. Swap-free accounts remove standard rollover and use an administration fee model on eligible instruments, with fees applying to positions held over 24 hours. OANDA charges an inactivity fee of $10 per month if you do not trade for 12 consecutive months.

Platforms

OANDA supports MT4 and MT5, web and mobile trading, Ninja Trader, and a TradingView connection.

Pros

• $0 minimum deposit supports low-risk testing.
• Wide platform choice including Ninja Trader and TradingView connection.

Cons

• Market maker execution changes how fills work compared with STP / NDD brokers.
• Swap-free uses administration fees instead of swaps, so holding cost still exists.

Best For

Traders who want broad regulation coverage and a straightforward platform setup for major pairs and CFD markets.
 

Tickmill: Best for Raw Pricing and Active Traders

Overview

Tickmill targets active traders who want an STP / NDD broker and a clear split between Classic and Raw pricing. The minimum deposit is $100, minimum lot size is 0.01, and maximum leverage is 1:1000.

Regulation & safety

Tickmill is regulated by the FSA. Execution is STP / NDD.

Costs

Spreads are floating. The Raw account commission is $3 per side per lot ($6 round turn). Swap-free accounts remove swaps, then apply a handling fee on specific instruments held over 3 consecutive days. Crypto positions on MT4 and MT5 have a 5-day swap-free period, then long positions use a 10% annual rate calculated daily. Tickmill also charges an inactivity fee of $10 if an account remains dormant for 12 consecutive months.

Platforms

Tickmill supports MT4 and MT5 plus web and mobile trading.

Pros

• STP / NDD execution model fits scalpers and EA traders.
• Swap-free structure has clear holding time rules for fees.

Cons

• Swap-free handling fees start after 3 days on specific instruments.

Best For

Day traders and systematic traders who want MT4 or MT5 with explicit commission pricing and swap-free rules that can be planned into the strategy.
 

Capitalcore: Best for Fixed Spreads and Swap-Free by Default

Overview

Capitalcore offers swap-free by default with fixed spreads and 1:2000 maximum leverage. The minimum deposit is $5, and account tiers include Classic, Silver, Gold, and VIP with Classic starting at $5.

Regulation & safety

Capitalcore is regulated by IFSA. The execution model is NDD.

Costs

Trading cost is built into fixed spreads, with no commission stated. Swap-free applies across all account types without a separate application step.

Platforms

Capitalcore supports a proprietary trading platform with web and mobile trading. 

Pros

• Swap-free by default across account types.
• Fixed spreads simplify cost planning during news events.
• Maximum leverage listed at 1:2000 for advanced margin strategies.

Cons

• Copy trading is not allowed.

Best For

Traders who want swap-free by default with fixed spreads on a proprietary platform and who prefer a simplified trading environment.

eToro: Best for Copy Trading and Simple Setup

Overview

eToro is built for traders who want a simple interface, copy trading, and multi-asset access with a platform that works well on web and mobile. The minimum deposit is $10 for a standard account, but for requesting a swap-free account, a $1000 minimum deposit is required. Maximum leverage is 1:400. Scalping is not allowed.

Regulation & safety

eToro is regulated by CySEC. Execution is listed as market maker.

Costs

Spreads are floating. eToro swap-free status uses a 7-day grace period, then fixed administration fees from day 8 on swap-free leveraged positions. Swap-free access requires a $1000 deposit and a formal request. Inactivity fee is $10 per month if an account has no login activity for over 12 months.

Platforms

eToro uses a proprietary platform with web and mobile trading. MT4 and MT5 are not listed. A TradingView connection is available.

Pros

• Strong beginner fit through copy trading and simple order placement.
• Many payment options including PayPal, Skrill, and Neteller.

Cons

• Swap-free access is restricted to specific countries and requires a $1000 deposit.
• Scalping is not allowed, so it is not a fit for fast intraday strategies.

Best For

Beginners who want copy trading and a clean web-based setup, and who hold positions inside the 7-day swap-free window.
 

FBS: Best Low Deposit MT4 and MT5 Option

Overview

FBS offers a low entry point with a $5 minimum deposit, MT4 and MT5 access, and maximum leverage of 1:3000. Minimum lot size is 0.01, and scalping is allowed.

Regulation & safety

FBS is regulated by CySEC (EU). Execution is listed as market maker.

Costs

Spreads are floating. Swap-free status requires activation and removes swaps, then uses a fixed fee structure after 2 days on longer holds. Forex exotic instruments use a weekly commission structure. FBS charges an inactivity fee of $10 if inactive for 12 consecutive months.

Platforms

FBS supports MT4 and MT5 plus web and mobile trading.

Pros

• $5 minimum deposit supports starter accounts.
• MT4 and MT5 availability supports EAs and manual trading.
• High leverage listed at 1:3000 for traders who understand margin control.

Cons

• Swap-free requires activation and uses fixed fees after 2 days on longer holds.
• Inactivity fee is $10 after 12 months of inactivity.

Best For

Traders who want MT4 or MT5 with a small deposit and swap-free access for short holding periods.
 

FXGlory: Best for High Leverage Swap-Free Option on All Accounts

Overview

FXGlory focuses on small accounts and high leverage. The minimum deposit is $1, maximum leverage is 1:3000, and spreads are fixed, starting from 0.6 pips. Minimum lot size is 0.01 and news trading is allowed.

Regulation & safety

FXGlory is regulated by IFSA. The Execution model is NDD. 

Costs

Fixed spreads drive the trading cost. Swap-free is applied across Standard, Premium, and VIP accounts, with zero commission stated for the swap-free structure.

Platforms

FXGlory supports MT4 and MT5 plus web and mobile trading. A proprietary platform is listed, and the platform name is GloryTrader.

Pros

• $1 minimum deposit supports micro testing and small account growth.
• Swap-free is applied across account types.
• MT4 and MT5 access supports manual and automated strategies.

Cons

• Stocks and indices are not available. 

Best For

Traders who want swap-free by default with very high leverage and MT4 or MT5 access, and who manage margin risk tightly.
 

How to Choose a Good Broker Offering Swap-Free

Regulation and protections

Start with the broker entity and regulator. Match the entity to the trader residency. Verify the license number in the regulator register and confirm client money rules for that entity.

Fees and pricing

Compare spreads, commissions, and swap-free administration fees as one package. A swap-free account can cost more than a standard account after the grace period. For example, Pepperstone applies an administration fee from day 5 and includes a 1 pip markup. eToro applies fixed administration fees from day 8 after a 7-day grace period.

Product access and restrictions

Check whether the strategy needs forex majors only, or also gold, indices, stocks, and crypto CFDs.

Deposits/withdrawals

Choose a broker with funding methods that work reliably in the trader country. Pepperstone, Tickmill, and FXGlory support broad e-wallet options like Skrill and Neteller, plus card and crypto methods. eToro supports PayPal, Skrill, Neteller, and local methods like iDEAL and Przelewy24.

FAQ

1) What is a swap-free forex account?

A swap-free account removes overnight swap charges on eligible instruments. Instead of swap, some brokers apply an administration fee after a set holding time.
 

2) What is a swap-free grace period?

A grace period is the number of days a position can stay open before administration fees start. eToro uses 7 days. Tickmill applies handling fees after 3 consecutive days on specific instruments and uses a 5-day window for crypto positions on MT4 and MT5.
 

3) Do swap-free accounts work on MT4 and MT5?

Yes on several brokers in this list. Pepperstone, OANDA, Tickmill, FBS, and FXGlory support MT4 and MT5.
 

4) How can a trader avoid unexpected swap-free fees?

Track holding time and confirm the fee trigger. For example, plan exits before day 5 on Pepperstone swap-free positions, and before day 8 on eToro swap-free positions. For Tickmill, avoid holding fee-sensitive instruments beyond 3 consecutive days unless the handling fee fits the strategy cost model.