Swap-free (Islamic) accounts: what is actually waived

A swap is the overnight financing charge on a leveraged position. A swap-free, or Islamic, account waives it, which is what makes the account usable under rules that forbid interest.

What is waived differs between brokers, and the difference matters: some waive the swap and charge an administration fee after a few nights instead, some limit swap-free status to certain instruments, and some grant it on request rather than by default. The broker pages here record the condition as the broker states it.

The ten below offer a swap-free account to residents of United Arab Emirates.

Swap-free accounts offered (75 of 75)

52Yes

3On request

3No

17Not stated

Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.

Key facts (53 of 75 counts · 72 brokers onboarding UAE residents)

53of 75

qualify for this ranking

71% of 75

42of 53

scored on all six axes

79% of 53

60of 75

publish a price

80% of 75

53of 75

publish a leverage figure for this country

71% of 75

Top 3 (of 3 ranked)

1GO Markets4.47highest score of the three · locally licensed · withdrawal in 24 h 2Pepperstone4.38locally licensed 3HYCM4.38cheapest priced of the three · locally licensed · withdrawal in 24 h

Swap-free (Islamic) accounts: what is actually waived (53 of 75)

By slice score, formula v1.0. · 53 of 72 brokers in this ranking · all 53

#	Broker	Round turn, USDUAE	Min deposit, USDUAE	Leverage	Withdrawal, hUAE	Score	Execution	Founded	Funding
1	CFI	—	100	500 groupUAE	24	4.62	ECN/raw + standard	1998	3 methods · local
2	HFM	6	0 AED	2000UAE	24	4.48	ECN/raw + standard	2010	4 methods · local
3	GO Markets	6	200	50UAE	24	4.47	ECN/raw + standard	2006	2 methods
4	Capital.com	—	20	200UAE	24	4.39	—	2016	3 methods · local
5	Pepperstone	7	10 group	200UAE	48	4.38	ECN/raw + standard	2010	6 methods · local
6	HYCM	5	100 group	50UAE	24	4.38	ECN/raw + standard	1977	4 methods
7	AvaTrade	9	100 group	400 groupUAE	48	4.33	Standard	2006	3 methods · local
8	Axi	7	5 group	30UAE	48	4.31	ECN/raw + standard	2007	3 methods
9	BHM Capital	—	—	—stated, not verified	—	4.27	—	2006	2 methods · local
10	StashAway	—	0	—stated, not verified	—	4.26	—	2016	1 methods · local
11	MultiBank Group	15	50	500UAE	48	4.22	ECN/raw + standard	2005	5 methods · local
12	XM	7	5	30UAE	24	4.21	ECN/raw + standard	2009	5 methods · local
13	Eightcap	7	100 group	500UAE	48	4.12	ECN/raw + standard	2009	5 methods
14	BlackBull Markets	6	0	500UAE	24	4.1	ECN/raw + standard	2014	6 methods · local
15	Swissquote	16	1000	100UAE	24	4.1	ECN/raw + standard	1996	2 methods
16	Fusion Markets	4.8	0 group	500UAE	1	4.09	ECN/raw + standard	2017	6 methods
17	Global Prime	7	0 group	500UAE	2	4.07	ECN/raw + standard	2010	6 methods
18	STARTRADER	4	50 group	1000UAE	24	4.05	ECN/raw + standard	2019	4 methods
19	VT Markets	6	50	1000 groupUAE	72	4.05	ECN/raw + standard	2015	4 methods · local
20	Daman Markets	17	250	500UAE	48	4.02	ECN/raw + standard	1998	2 methods · local
21	Amana Capital	7	50	100UAE	24	3.97	ECN/raw + standard	2011	4 methods · local
22	Errante	3	50 group	1000UAE	0	3.95	ECN/raw + standard	2019	5 methods
23	FP Markets	6	100 group	500UAE	72	3.94	ECN/raw + standard	2005	3 methods
24	Equiti	7	0 group	500 groupUAE	24	3.92	ECN/raw + standard	2008	3 methods · local
25	ThinkMarkets	7	50 group	500UAE	24	3.9	ECN/raw + standard	1999	4 methods
26	Vantage	6	50 group	500UAE	168	3.9	ECN/raw + standard	2009	5 methods · local
27	FXTM	4	10 group	3000 groupUAE	24	3.88	ECN/raw + standard	2011	1 methods · local
28	TMGM	7	100 group	1000UAE	24	3.84	ECN/raw + standard	2013	9 methods
29	Blueberry Markets	7	100 group	500UAE	24	3.84	ECN/raw + standard	2016	5 methods
30	LiteFinance	—	50	500UAE	24	3.82	ECN/raw + standard	2005	3 methods
31	Dukascopy	9	100	200UAE	48	3.81	ECN/raw + standard	2004	3 methods
32	XTB	9	0	30UAE	72	3.8	ECN/raw + standard	2002	3 methods · local
33	ATFX	7	500 group	30UAE	72	3.79	ECN/raw + standard	2017	3 methods · local
34	OctaFX	9	25 group	1000 groupUAE	3	3.79	ECN/raw + standard	2011	3 methods · local
35	JustMarkets	6	10 group	3000 groupUAE	2	3.78	ECN/raw + standard	2012	2 methods · local
36	FxPro	7	100	500UAE	3	3.75	ECN/raw + standard	2006	4 methods · local
37	Moneta Markets	6	50	1000UAE	24	3.73	ECN/raw + standard	2019	6 methods
38	Tickmill	7	100 group	500UAE	24	3.7	ECN/raw + standard	2014	4 methods · local
39	Saxo Bank	7	0 group	30UAE	120	3.7	Standard	1992	2 methods
40	Forex.com	10	100 group	50UAE	—	3.68	ECN/raw + standard	2001	4 methods · local
41	FXCM	7.5	50 group	400UAE	24	3.67	ECN/raw + standard	1999	2 methods
42	ADSS	14	100	500UAE	120	3.64	Standard	2011	2 methods · local
43	Skilling	7	100	500UAE	24	3.62	ECN/raw + standard	2016	6 methods
44	Sarwa	—	500	—stated, not verified	48	3.6	—	2017	2 methods · local
45	Baraka	—	—	—stated, not verified	72	3.6	—	2020	3 methods · local
46	FXGT	6	5	5000UAE	72	3.54	ECN/raw	2019	6 methods · local
47	Orbex	8	100 group	500UAE	24	3.51	ECN/raw + standard	2011	5 methods
48	Windsor Brokers	8	50 group	1000UAE	24	3.47	ECN/raw + standard	1988	3 methods
49	Trade Nation	6	0	200UAE	120	3.37	Standard	2014	3 methods · local
50	T4Trade	18	50 group	1000UAE	24	3.33	Standard	2021	5 methods
51	NAGA	15	250 group	1000UAE	24	3.18	Standard	2015	4 methods
52	Scope Markets	9	10 group	1000UAE	120	3.1	ECN/raw + standard	—	4 methods · local
53	Weltrade	3.1	25 group	1000 groupUAE	120	3.05	ECN/raw + standard	2006	—

Ten are shown; the button opens the rest.

"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.

— the broker does not publish this figure; it is not read as a zero and it is not scored.

BlackBull Markets publishes a retail leverage of 1:500 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.

The ten above illustrate the term. Swap-free (Islamic) brokers in United Arab Emirates lists every broker that qualifies, with the figure each one publishes.

Identical for every row, so it is stated once: Who onboards Local · SCA · Swap-free fee none, no limit · AED account Yes.

1. GO Markets — highest score of the three · locally licensed · withdrawal in 24 h (score 4.47)

Round turn: 6 USD
AED account: AUD/USD/EUR/GBP; local AED account not verified at review.
Leverage: 50UAE
Accepts residents: yes
Onboarding entity: GO Markets MENA DMCC
Founded: 2006
Register: https://financemagnates.com · 09.07.2026
Group leverage: localgroup
Instruments: Margin FX, CFDs, commodities/DGCX products; crypto per approvals.
Platforms: MT5cTraderWebTradingView
Funding: Cards, bank wire; AED-specific rails not verified at review.
Not served: United States, Canada, Belgium, Ukraine, Israel

Reviews25%65
Round-turn cost20%95
Safety90
Payouts15%80
Track record10%100
Platforms70

Why it ranks here

Round turn 6 USD against the slice median 7 USD. strongest axis track record 100 of 100. total score 4.47.

Watch for

Payouts axis 58 of 100; e-wallet times not published.

Full review of GO Markets

2. Pepperstone — locally licensed (score 4.38)

Round turn: 7 USD
Withdrawal: Up to 2 business days
AED account: 10 base currencies (AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD); no local-currency accounts.
Leverage: 200UAE
Licence: SCA F004356
Accepts residents: yes
Onboarding entity: UAE retail clients are onboarded onshore under the UAE Securities & Commodities Authority (SCA/CMA) entity; DFSA (DIFC) entity serves professional clients.
Founded: 2010
Register: https://pepperstone.com/en/about-us · 09.07.2026
Group leverage: local
Instruments: 1,200+ instruments: 90+ forex pairs, indices, commodities/metals, share CFDs, ETFs and crypto CFDs.
Platforms: MT5MT4Web
Funding: AED via local bank transfer (fee-free), Visa/Mastercard, Skrill, Neteller and PayPal.
Not served: United States, Canada, Japan, New Zealand, Belgium, France, Iran, North Korea, Syria, Sudan

Why it ranks here

Round turn 7 USD against the slice median 7 USD. strongest axis safety 100 of 100. total score 4.38.

Watch for

Min deposit 200 USD, double the UAE median of 50; withdrawal time not published.

Full review of Pepperstone

3. HYCM — cheapest priced of the three · locally licensed · withdrawal in 24 h (score 4.38)

Round turn: 5 USD
Withdrawal: 1 working day
AED account: USD, EUR, GBP; local AED account not verified at review.
Leverage: 50UAE
Licence: F000048
Accepts residents: yes
Onboarding entity: UAE clients served by locally-licensed Henyep Capital Markets (DIFC) Ltd; retail also onboarded via offshore HYCM Ltd (Cayman).
Founded: 1977
Register: https://hycm.com · 09.07.2026
Group leverage: offshoregroup
Instruments: FX (~60+ pairs), indices, commodities, shares, crypto CFDs.
Platforms: MT5WebMobile
Funding: Visa/Mastercard, bank wire, Skrill, Neteller; local UAE rails not verified at review.
Not served: Afghanistan, Belgium, Hong Kong, United States

Why it ranks here

Round turn 5 USD against the slice median 7 USD. strongest axis round-turn cost 100 of 100. total score 4.38.

Watch for

Onboards UAE residents through an offshore entity: no SCA licence, no SCA complaints route, no AED account.

Full review of HYCM

What the data shows(53 of 75 distributions · 72 brokers)

Swap-free availability (53 of 75 brokers)

Offered30Not offered14

Admin fee after the free period (53 of 75 swap-free)

Never16After 3–30 days9not published5

Who onboards UAE residents (53 of 75 brokers)

Local SCA entity20Offshore entity24

AED account (53 of 75 brokers)

Yes16No23not published5

Round turn, one lot, USD (60 of 75 · median 7 USD)

49<10

1020

030

140

0>40

Full list(53 of 75)

1CFI4.62
Onboards
Local · SCA
Swap-free
none, no limit
Min deposit, USD
100
Leverage
500 groupUAE
AED
Yes
2HFM4.48
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0 AED
Leverage
2000UAE
AED
Yes
3GO Markets4.47
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
200
Leverage
50UAE
AED
Yes
4Capital.com4.39
Onboards
Local · SCA
Swap-free
none, no limit
Min deposit, USD
20
Leverage
200UAE
AED
Yes
5Pepperstone4.38
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
10 group
Leverage
200UAE
AED
Yes
6HYCM4.38
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
100 group
Leverage
50UAE
AED
Yes
7AvaTrade4.33
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
100 group
Leverage
400 groupUAE
AED
Yes
8Axi4.31
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
5 group
Leverage
30UAE
AED
Yes
9BHM Capital4.27
Onboards
Local · SCA
Swap-free
none, no limit
AED
Yes
10StashAway4.26
Onboards
Local · SCA
Swap-free
none, no limit
Min deposit, USD
0
AED
Yes
11MultiBank Group4.22
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
15
Min deposit, USD
50
Leverage
500UAE
AED
Yes
12XM4.21
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
5
Leverage
30UAE
AED
Yes
13Eightcap4.12
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500UAE
AED
Yes
14BlackBull Markets4.1
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0
Leverage
500UAE
AED
Yes
15Swissquote4.1
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
16
Min deposit, USD
1000
Leverage
100UAE
AED
Yes
16Fusion Markets4.09
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
4.8
Min deposit, USD
0 group
Leverage
500UAE
AED
Yes
17Global Prime4.07
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
500UAE
AED
Yes
18STARTRADER4.05
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
50 group
Leverage
1000UAE
AED
Yes
19VT Markets4.05
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
1000 groupUAE
AED
Yes
20Daman Markets4.02
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
17
Min deposit, USD
250
Leverage
500UAE
AED
Yes
21Amana Capital3.97
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50
Leverage
100UAE
AED
Yes
22Errante3.95
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
50 group
Leverage
1000UAE
AED
Yes
23FP Markets3.94
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
100 group
Leverage
500UAE
AED
Yes
24Equiti3.92
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
500 groupUAE
AED
Yes
25ThinkMarkets3.9
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50 group
Leverage
500UAE
AED
Yes
26Vantage3.9
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50 group
Leverage
500UAE
AED
Yes
27FXTM3.88
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
10 group
Leverage
3000 groupUAE
AED
Yes
28TMGM3.84
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
1000UAE
AED
Yes
29Blueberry Markets3.84
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500UAE
AED
Yes
30LiteFinance3.82
Onboards
Local · SCA
Swap-free
none, no limit
Min deposit, USD
50
Leverage
500UAE
AED
Yes
31Dukascopy3.81
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
100
Leverage
200UAE
AED
Yes
32XTB3.8
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
0
Leverage
30UAE
AED
Yes
33ATFX3.79
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
500 group
Leverage
30UAE
AED
Yes
34OctaFX3.79
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
25 group
Leverage
1000 groupUAE
AED
Yes
35JustMarkets3.78
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
10 group
Leverage
3000 groupUAE
AED
Yes
36FxPro3.75
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100
Leverage
500UAE
AED
Yes
37Moneta Markets3.73
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
1000UAE
AED
Yes
38Tickmill3.7
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500UAE
AED
Yes
39Saxo Bank3.7
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
30UAE
AED
Yes
40Forex.com3.68
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
10
Min deposit, USD
100 group
Leverage
50UAE
AED
Yes
41FXCM3.67
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7.5
Min deposit, USD
50 group
Leverage
400UAE
AED
Yes
42ADSS3.64
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
14
Min deposit, USD
100
Leverage
500UAE
AED
Yes
43Skilling3.62
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100
Leverage
500UAE
AED
Yes
44Sarwa3.6
Onboards
Local · SCA
Swap-free
none, no limit
Min deposit, USD
500
AED
Yes
45Baraka3.6
Onboards
Local · SCA
Swap-free
none, no limit
AED
Yes
46FXGT3.54
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
5
Leverage
5000UAE
AED
Yes
47Orbex3.51
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
100 group
Leverage
500UAE
AED
Yes
48Windsor Brokers3.47
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
50 group
Leverage
1000UAE
AED
Yes
49Trade Nation3.37
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0
Leverage
200UAE
AED
Yes
50T4Trade3.33
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
18
Min deposit, USD
50 group
Leverage
1000UAE
AED
Yes
51NAGA3.18
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
15
Min deposit, USD
250 group
Leverage
1000UAE
AED
Yes
52Scope Markets3.1
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
10 group
Leverage
1000UAE
AED
Yes
53Weltrade3.05
Onboards
Local · SCA
Swap-free
none, no limit
Round turn, USD
3.1
Min deposit, USD
25 group
Leverage
1000 groupUAE
AED
Yes

How to read the ten below

Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
Check which company would onboard you.
The same brand can take a resident of United Arab Emirates through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
Read the cost beside the deposit.
The median round turn across this country is 7.0 USD and the median minimum deposit 50.0 USD; a low deposit beside a wide spread takes the difference back on every trade.

Neighbouring slices(6 rankings · 5 explainers)

Same country

Explained

FAQ

How many brokers qualify for this ranking in United Arab Emirates?: 53 of 75 brokers measured for this country qualify.
Which broker leads it, and on what basis?: GO Markets leads it with a score of 4.47. The order is computed score, highest first; unscored brokers follow.
What does a trade typically cost here?: The median round turn - spread plus commission for one standard lot, in and out - is 7.0 USD across the brokers that publish both parts.
Why do some rows show a dash instead of a figure?: Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.
Why are only ten brokers shown here?: This page explains the term; the ten illustrate it. The full ranking lists 53 of 75 and is one click away.

How this slice is scored

Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology

Verified · What changed · Sources(53 of 75 broker records)

Verified01.10.2026

data re-captured 28.09.2026

Risk warning and affiliate disclosure

CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.