Prop Firms that Offer Swap-Free Accounts 2024Prop trading firms are in the business of funding great traders from all walks of life. To truly open up forex trading opportunities to all, many prop firms now offer Swap-Free or Islamic Accounts that adhere to Islamic Law by eliminating roll-over interest and interest-related fees.
More and more prop firms are adding Halal Trading every day, so I’ll keep this list updated.
Table of Contents
Prop Firms that Offer Swap-Free Accounts
| Prop Firm | Swap-Free Account | Popularity (# of uses) | My Rating (out of 10) | Notes |
| E8 Markets | Yes | 98 | 9.2 | 5% off with code MDFS. Swap-free option at check out. |
| FTMO | Yes | 688 | 9.1 | Email support to set up account |
| MyFundedFX | Yes | 748 | 8.5 | +20% for swap-free accounts |
| Goat Funded Trader | Yes | 515 | 7.8 | +15% for swap free |
| Lux Trading | Yes | 490 | 8.3 | |
| City Traders Imperium | Yes | 424 | 8.0 | Must email “documentation that verifies your religion” |
| FundedNext | Yes | 455 | 8.0 | +10% for swap-free accounts |
| Maven Trading | Yes | 277 | 8.2 | Only on MT5 accounts |
| Bespoke Funding | Yes | 223 | 8.5 | +20% for swap-free accounts | 5%ers | Yes | NEW | 9.1 | Email support to set up swap-free account |
Prop Firms that Offer Swap-Free Accounts 2024
| Prop Firm | E8 Markets | |
| Swap-Free Account | Yes | |
| Popularity (# of uses) | NEW | |
| My Rating (out of 10) | 9.0 | |
| Notes | 20% off with code E8PATH |
| Prop Firm | FTMO |
| Swap-Free Account | Yes |
| Popularity (# of uses) | 693 |
| My Rating (out of 10) | 9.1 |
| Notes | Email support for swap-free account |
| Prop Firm | MyFundedFX |
| Swap-Free Account | Yes |
| Popularity (# of uses) | 753 |
| My Rating (out of 10) | 8.5 |
| Notes | +20% for swap-free accounts |
| Prop Firm | Goat Funded Trader |
| Swap-Free Account | Yes |
| Popularity (# of uses) | NEW |
| My Rating (out of 10) | 7.8 |
| Notes |
| Prop Firm | Lux Trading |
| Swap-Free Account | Yes |
| Popularity (# of uses) | 495 |
| My Rating (out of 10) | 8.3 |
| Notes |
| Prop Firm | City Traders Imperium |
| Swap-Free Account | Yes |
| Popularity (# of uses) | 429 |
| My Rating (out of 10) | 8.0 |
| Notes | Must email “documentation that verifies your religion” |
| Prop Firm | The 5%ers | |
| Swap-Free Account | Yes | |
| Popularity (# of uses) | NEW | My Rating (out of 10) |
| 9.1 | ||
| Notes |
| Prop Firm | FundedNext |
| Swap-Free Account | Yes |
| Popularity (# of uses) | 460 |
| My Rating (out of 10) | 8.0 |
| Notes | +10% for swap-free accounts |
| Prop Firm | Maven Trading |
| Swap-Free Account | Yes |
| Popularity (# of uses) | 282 |
| My Rating (out of 10) | 8.2 |
| Notes | Only on MT5 accounts |
| Prop Firm | Bespoke Funding |
| Swap-Free Account | Yes |
| Popularity (# of uses) | 221 |
| My Rating (out of 10) | 8.5 |
| Notes | +20% for swap-free accounts |
Prop Firms that DON’T Offer Swap-Free Accounts
| Prop Firm | Swap-Free Account |
| Funded Engineer | No |
| The Funded Trader | No |
| TopStep | Futures only |
| OneUp | Futures only |
| Earn2Trade | Futures only |
| Ment Funding | No |
| Funded Academy | No |
| Toptier Trader | No |
If you know of other prop trading firms offering Swap-Free accounts, please let me know in the comments.
What is prop trading?
Proprietary trading, shortened to “prop trading” simply means any trading that is done for profit with an individual or firm’s own money. Prop trading firms like those listed above use their own money to fund good traders who need capital. In exchange they get a percentage of the trading profits, plus a sign-up fee.
How does prop trading work?
Joining a prop trading firm is as simple as signing up and completing a trader evaluation. If you pass that evaluation by abiding by the firm’s trading rules and meeting a profit target, you will become a funded trader and receive capital from the firm to trade. Any profits will be split between you and the firm, with you keeping anywhere between 50%-90% depending on the firm. Any trading losses will be covered by the firm, but you will lose your account if you don’t continue to meet profit targets and follow trading rules.
What is swap?
Swap in the context of forex trading is the interest that one pays or receives for holding a position overnight. Forex trading is actually purchasing one currency against another, and since different currencies have different interest rates, if you hold a position overnight you either owe or are due that interest rate difference.
What is a swap-free account?
A swap-free account is a forex trading account that does not include any exchange of interest rate fees. Swap-free accounts are also known as Islamic accounts because the Muslim faith prohibits the use of interest. Muslims can therefore open swap-free accounts to trade forex without violating any tenets of their faith.
The swap free for myforexfunds have restrictions. If you opt for this you cannot hold your trades over the weekend and cannot have 3 days rollover for the trades. If any of these happen, the account is considered violated. This is ridiculous as it hard to monitor especially if you have many open trades.
Thank you Saiful, very good info.
Good
if prop firms are just demo accounts does it really matter?
That’s a good point, but I think that’s something each trader had to decide according to their own faith.
challenges are demos, but when you pass it and get funded you are dealing with a live account with real money.
Yes, that’s true in some cases, but not all. Most prop firms keep you in demo mode even when you are “funded.” They pay as if your profits are real, but your still in a simulated trading environment.
Bespoke funding program do offer swap free. They charge more, not sure if they have any other changes to rules
Thanks Francisco! I reached out to Bespoke, but they haven’t responded. As soon as I get the details about their swap free accounts I’ll post them.
You were right — Bespoke has a swap-free account. They charge 20% extra. Appreciate the info!