Do forex brokers provide swap-free Islamic accounts?

Yes, most international forex brokers offer swap-free or Islamic accounts designed for Muslim traders to avoid riba (interest). These accounts remove overnight swap charges by either charging a flat administrative fee for holding positions or simply waiving the adjustment entirely. All other trading conditions like spreads, leverage, and execution remain similar to standard accounts. Availability stems from Sharia compliance, and some brokers require a declaration or proof of faith during signup. Fees, if any, are disclosed upfront and often match or slightly exceed normal swaps. Islamic accounts suit swing traders holding positions overnight, but confirm details in the broker’s terms, as policies vary.