page title icon Prop Firms that Offer Swap-Free Accounts 2024

May 4, 2024

Prop 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.

Prop Firms that Offer Swap-Free Accounts

Prop Firm Swap-Free Account Popularity
(# of uses)
My
Rating (out of 10)
Notes
FTMOYes688 9.1
5%ersYesNEW 9.1Email support to set up swap-free account
True Forex FundsYes876 8.7
MyFundedFXYes7488.5+20% for swap-free accounts
FidelcrestYes515 7.1 No longer accepting new traders
Lux TradingYes490 8.3
City Traders ImperiumYes4248.0Must email “documentation that verifies your religion”
FundedNextYes4558.0+10% for swap-free accounts
Maven TradingYes2778.2Only on MT5 accounts
Bespoke Funding Yes2238.5+20% for swap-free accounts
Prop Firms that Offer Swap-Free Accounts 2024
Prop FirmFTMO
Swap-Free AccountYes
Popularity
(# of uses)
693
My
Rating (out of 10)
9.1
Notes
Prop FirmThe 5%ers
Swap-Free AccountYes
Popularity
(# of uses)
NEW
My
Rating (out of 10)
9.1
Notes
Prop FirmTrue Forex Funds
Swap-Free AccountYes
Popularity
(# of uses)
881
My
Rating (out of 10)
8.7
Notes
Prop FirmMyFundedFX
Swap-Free AccountYes
Popularity
(# of uses)
753
My
Rating (out of 10)
8.5
Notes+20% for swap-free accounts
Prop FirmFidelcrest
Swap-Free AccountYes
Popularity
(# of uses)
520
My
Rating (out of 10)
7.1
Notes
Prop FirmLux Trading
Swap-Free AccountYes
Popularity
(# of uses)
495
My
Rating (out of 10)
8.3
Notes
Prop FirmCity Traders Imperium
Swap-Free AccountYes
Popularity
(# of uses)
429
My
Rating (out of 10)
8.0
NotesMust email “documentation that verifies your religion”
Prop FirmFundedNext
Swap-Free AccountYes
Popularity
(# of uses)
460
My
Rating (out of 10)
8.0
Notes+10% for swap-free accounts
Prop FirmMaven Trading
Swap-Free AccountYes
Popularity
(# of uses)
282
My
Rating (out of 10)
8.2
NotesOnly on MT5 accounts
Prop FirmBespoke Funding
Swap-Free AccountYes
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 FirmSwap-Free Account
Funded EngineerNo
The Funded TraderNo
TopStep Futures only
SurgeTraderNo
OneUpFutures only
Earn2TradeFutures only
Ment FundingNo
Funded AcademyNo
Toptier TraderNo

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.

10 thoughts on “Prop Firms that Offer Swap-Free Accounts 2024”

  1. 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.

    Reply
    • challenges are demos, but when you pass it and get funded you are dealing with a live account with real money.

      Reply
      • 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.

        Reply
    • 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.

      Reply

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