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5 Best Swap-Free Account Brokers in Brazil

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Through our extensive analysis of the Forex market, we have discovered the top five brokers offering swap-free accounts specifically designed for traders in Brazil. We have carefully assessed these brokers with thorough research and extensive testing, considering important factors such as regulatory compliance, trading conditions, customer support, and various tradable instruments. By reading this guide, you will learn:

  • What Are Swap-Free Brokers in Brazil?

  • The 5 Best Swap-Free Account Brokers in Brazil

  • Our Final Thoughts on the 5 Best Swap-Free Account Brokers in Brazil

  • Frequently Asked Questions About The 5 Swap-Free Account Brokers in Brazil

 

We aim to offer a neutral and comprehensive guide to assist traders in making well-informed decisions regarding the top swap-free brokers in the market. If you’re following Islamic finance principles or prefer to avoid overnight interest charges, our research provides valuable insights into the brokers that excel in offering swap-free accounts.

The 5 Best Swap-Free Account Brokers In Brazil

Sawp Free Accounts

 

Below is our selection of the 5 best brokers offering swap-free accounts to Brazil traders, along with excellent trading conditions and features.

 

🔎 Forex Broker💰Spread competitiveness👉Open Account🏛️Regulation💻 Swap-Free Account
🥇 ExnessHighly competitive spreadsOpen AccountRegulated by FCA, CySEC, FSCA, FSAAvailable on all account types
🥈AvaTradeCompetitive spreads starting from 0.9 pipsOpen AccountRegulated by the Central Bank of Ireland, ASIC, FSA, FFAJ, FSCAAvailable on request for Islamic accounts
🥇 HFMTight spreads starting from 0.1 pipsOpen AccountRegulated by CySEC, FCA, DFSA, FSCA, FSAAvailable on request for Islamic accounts
🥈 XMTight spreads starting from 0.6 pipsOpen AccountRegulated by CySEC, ASIC, IFSCAvailable on request for all account types
🥈FXTM0.0 pipsOpen AccountRegulated by CySEC, FCA, FSCA, FSCAvailable on request for Islamic accounts

10 Best Forex Brokers in Brazil

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

Read Review

CySEC, MWALI, FSCA

$25

#4

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#5

FSCA, FSC, ASIC, CySEC, DFSA

$5

#6

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$0

#7

FSA, CySEC, FSCA, FSC

$10

#8

ASIC, CySEC, FSCA, FSA

$100

#9

CySEC, FCA, FSA, FSCA

$100

#10

Read Review

FCA, CMA, FSC

$200

#1

$100

Minimum Deposit

#2

$0

Minimum Deposit

#3

$25

Minimum Deposit

#4

$10

Minimum Deposit

#5

$5

Minimum Deposit

#6

$0

Minimum Deposit

#7

$10

Minimum Deposit

#8

$100

Minimum Deposit

#9

$100

Minimum Deposit

#10

$200

Minimum Deposit

What Are Swap-Free Brokers In Brazil?

Swap-free

Swap-free Forex brokers accommodate traders who want to comply with Sharia law, which prohibits earning interest on overnight positions. This trading account, designed to align with the principles of Islamic finance, is structured to meet the needs of Muslim traders in Brazil. As such, swap-free accounts are designed to accommodate traders who wish to avoid interest charges, regardless of their reasons.

 

Understanding the intricacies of swap-free Forex brokers in Brazil is essential. Unlike standard accounts, swap-free accounts do not charge rollover interest fees. Instead, brokers may apply alternative fees, such as administrative charges or widened spreads, to compensate for the lack of swaps. Therefore, it is important to carefully examine the fee structure and trading conditions linked to these accounts.

 

It’s worth noting that the availability of swap-free accounts can vary among brokers for Brazilian traders. Some institutions provide swap-free status without conditions, while others may require specific requests or impose time limits. For example, some brokers may provide swap-free conditions for a set period, but regular swap rates may be applied afterward. Trading with swap-free accounts in Brazil offers an ethically and legally sound option for Muslim traders to engage in the Forex market. It also allows traders who are not Muslim to explore various trading conditions and potentially take advantage of the lack of swap fees.

 

It is essential to thoroughly assess each broker’s terms and ensure they align with your trading strategy and financial objectives. Essentially, swap-free Forex brokers offer a distinct trading opportunity for individuals in Brazil who wish to avoid interest charges while upholding their personal or religious beliefs. Thorough research and careful comparison are needed when finding a broker that perfectly aligns with the trading requirements of various traders in Brazil.

The 5 Best Swap-Free Account Brokers In Brazil

  1. ☑️ExnessKnown for its incredibly low spreads.
  2. ☑️AvaTrade – Wide range of Instruments.
  3. ☑️HFMImpressive selection of trading instruments. 
  4. ☑️XM Offers Brazilian traders a flexible choice.
  5. ☑️ FXTM – Give Direct Market Access.

1. Exness

Exness

 

Exness is known for its dedication to providing fair and transparent trading conditions for traders in Brazil. Exness offers a swap-free option on both Standard and Professional accounts, allowing traders to avoid overnight interest charges on various trading instruments. The account is specifically designed to meet the requirements of Muslim traders, guaranteeing adherence to Islamic finance principles.

 

Overall Rating

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Platform

MT4, MT5, WebTerminal, Exness Terminal

Crypto

Yes

Total Pairs

97

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Exness stands out for its commitment to maintaining competitive spreads and exceptional execution speeds, even for swap-free accounts. This guarantees that traders in Brazil can enjoy efficient trading without any concerns about undisclosed charges. Exness also offers 24/7 customer support, which is essential for handling account-related questions. Our research suggests that Exness’s user-friendly interface, powerful trading platforms, and swap-free options make it an appealing choice for individuals seeking to trade ethically and generate profits. Overall, traders in Brazil will find a comprehensive, feature-rich trading environment at Exness with tight spreads and powerful trading platforms.

 

Unique Features

FeaturesDescription
🪙Swap-free availabilityAvailable on all account types
💵Account types offeredStandard, Pro, Raw Spread, Zero
📊Trading platforms supportedMetaTrader 4, MetaTrader 5
💸Spread competitivenessHighly competitive spreads
⚖️Commission feesNo commissions on Standard accounts, low commissions on Pro and Zero accounts
📜Administrative fees or hidden costsNo hidden costs, a transparent fee structure
📈Range of tradable instrumentsForex, Cryptocurrencies, Metals, Energies, Stocks, Indices
🪪Regulatory status and licensesRegulated by FCA, CySEC, FSCA, FSA
📞Customer support quality24/7 customer support, multilingual
🚀Execution speedUltra-fast execution speeds
💰Minimum deposit requirementLow, varies depending on the region
💳Withdrawal and deposit methodsBank transfers, Credit/Debit cards, E-wallets, Crypto
➡️Leverage optionsUp to 1:2000 for some accounts
📅Educational resourcesComprehensive educational materials, including webinars, articles, and videos
📈Research and analysis toolsAdvanced analysis tools, including Trading Central
💻User interface and platform usabilityUser-friendly platforms
📱Mobile trading capabilitiesFull-featured mobile apps for iOS and Android
💸Promotions and bonusesOccasional promotions and bonuses
✨Trader reviews and reputationHighly rated by traders for reliability and transparency
☪️Compliance with Islamic finance principlesFully compliant, designed to adhere to Islamic finance principles
🚀Sign upOpen Account

 

Exness Overview

 

Pros and Cons

✅Pros❌Cons
Offers swap-free accounts on all account types, ensuring flexibilitySwap-free status needs to be requested; not automatically available
Competitive spreads, even on swap-free accountsLimited availability of promotions and bonuses
Transparent fee structure with no hidden costsSome instruments may have restrictions on swap-free accounts
High leverage options available up to 1:2000Execution speed might vary during peak trading hours
Excellent customer support is available 24/7

 

Our Insights

In our experience, Exness meets the various needs of traders. The variety of account categories, including Standard, Pro, and Islamic accounts, provides flexibility and caters to various trading styles and ethical concerns. The availability of a demo account is very advantageous for both new and experienced traders. It allows them to test methods and become acquainted with the platform without risking their money.

 

2. AvaTrade

AvaTrade Review

 

AvaTrade is a leading Forex broker that serves clients from all around the world. Dublin-based AvaTrade is extensively regulated and offers a secure trading environment alongside excellent copy trading and social trading proprietary platforms. These are a good option for beginner traders seeking swap-free trading conditions. AvaTrade is well-known for its extensive swap-free trading account options, which are specially designed to meet the requirements of Muslim traders in Brazil who follow Sharia law.

 

Overall Rating

Min Deposit

USD 100

Regulators

ASIC, FSA, CBI,  BVI, FSCA, FRSA, ISA

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

AvaTrade offers Islamic accounts free from overnight interest, allowing Brazilian traders to hold positions long-term without additional costs. This feature is available on various platforms, such as MetaTrader 4 and 5, and AvaTradeGO, to provide flexibility and accessibility. We found that AvaTrade’s swap-free accounts are entirely transparent, with no concealed charges. This allows traders to concentrate on their strategies without worrying about the financial implications of holding positions overnight. In addition, AvaTrade offers a diverse range of trading instruments, allowing plenty of opportunities to diversify your portfolio. AvaTrade provides a compelling option for traders in Brazil with its ethical trading conditions and wide range of assets.

 

Unique Features

FeaturesDescription
🪙Swap-free availabilityAvailable on request for Islamic accounts
💵Account types offeredStandard, Professional, Spread Betting (UK and Ireland only)
📊Trading platforms supportedMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions
💸Spread competitivenessCompetitive spreads starting from 0.9 pips
⚖️Commission feesNo commission fees on most accounts
📜Administrative fees or hidden costsNo hidden costs, a transparent fee structure
📈Range of tradable instrumentsForex, Cryptocurrencies, Commodities, Indices, Stocks, ETFs, Bonds
🪪Regulatory status and licensesRegulated by the Central Bank of Ireland, ASIC, FSA, FFAJ, FSCA
📞Customer support quality24/5 customer support, multilingual
🚀Execution speedFast execution speeds with advanced technology
💰Minimum deposit requirementBRL535.39 or USD100
💳Withdrawal and deposit methodsBank transfers, Credit/Debit cards, E-wallets
➡️Leverage optionsUp to 1:400 for retail clients
📅Educational resourcesExtensive educational resources, including videos, webinars, eBooks, and more
📈Research and analysis toolsComprehensive research tools, including Trading Central and AvaTrade Act
💻User interface and platform usabilityUser-friendly platforms with intuitive interfaces
📱Mobile trading capabilitiesFull-featured mobile apps for iOS and Android
💸Promotions and bonusesFrequent promotions and bonuses
✨Trader reviews and reputationHighly rated for reliability and trustworthiness
☪️Compliance with Islamic finance principlesFully compliant with Islamic finance principles
🚀Sign upOpen Account

 

AvaTrade Overview

 

Pros and Cons

✅Pros❌Cons
Provides swap-free accounts upon request for Islamic accountsAdministrative fees may apply for holding long-term positions
No commission fees on most swap-free accountsSwap-free accounts are not available by default and need specific requests
A wide range of trading platforms supported, including AvaTradeGO and AvaOptionsLimited leverage options for swap-free accounts compared to standard accounts
Regulated by multiple top-tier authorities, ensuring safetyCustomer support is available only 24/5, not 24/7
Comprehensive educational resources for all traders

 

Our Insights

Brazilians should consider using AvaTrade because it offers a secure trading environment backed by regulatory compliance. With a diverse range of trading instruments—including forex, stocks, commodities, and cryptocurrencies—there’s something for everyone. Its user-friendly platforms, like MetaTrader 4 and the AvaTradeGO app, make it easy to trade from anywhere.AvaTrade also provides fantastic educational resources and webinars, which can help traders sharpen their skills. And with customer support available in Portuguese, Brazilian traders can feel confident knowing assistance is just a call away.

 

3. HFM

HFM

 

HFM provides a swap-free account option for traders who prefer to avoid interest-bearing transactions. This feature is offered on various account types, providing traders in Brazil with the flexibility they need. HFM offers swap-free accounts to avoid overnight interest charges, ensuring adherence to Islamic trading principles.

 

Overall Rating

Min Deposit

USD 0

Regulators

FSCA, DFSA, FSC, CMA. FCA

Trading Platform

MT4, MT5, HFM Platform

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

This showcases HFM’s commitment to offering competitive trading conditions, even on swap-free accounts. This includes tight spreads and the availability of multiple trading instruments. Traders in Brazil can take advantage of HFM’s comprehensive educational resources and round-the-clock customer support, which are essential for traders of all experience levels. The broker’s strong commitment to transparency and ethical trading practices establishes it as a trustworthy option for individuals seeking to align their trading activities with their values.

 

Unique Features

FeaturesDescription
🪙Swap-free availabilityAvailable on request for Islamic accounts
💵Account types offeredMicro, Premium, Zero Spread, Auto, PAMM
📊Trading platforms supportedMetaTrader 4, MetaTrader 5, HFM App
💸Spread competitivenessTight spreads starting from 0.1 pips
⚖️Commission feesLow commissions on Zero Spread accounts, none on others
📜Administrative fees or hidden costsNo hidden costs, a transparent fee structure
📈Range of tradable instrumentsForex, Cryptocurrencies, Commodities, Indices, Shares, Bonds
🪪Regulatory status and licensesRegulated by CySEC, FCA, DFSA, FSCA, FSA
📞Customer support quality24/5 customer support, multilingual
🚀Execution speedFast execution speeds with advanced technology
💰Minimum deposit requirementBRL26.77 or USD5
💳Withdrawal and deposit methodsBank transfers, Credit/Debit cards, E-wallets
➡️Leverage optionsUp to 1:1000 for retail clients
📅Educational resourcesComprehensive educational resources, including videos, webinars, articles, and more
📈Research and analysis toolsAdvanced research tools, including Trading Central
💻User interface and platform usabilityUser-friendly platforms with intuitive interfaces
📱Mobile trading capabilitiesFull-featured mobile apps for iOS and Android
💸Promotions and bonusesFrequent promotions and bonuses
✨Trader reviews and reputationHighly rated for reliability and trustworthiness
☪️Compliance with Islamic finance principlesFully compliant with Islamic finance principles
🚀Sign up Open Account

 

HFM Overview

 

Pros and Cons

✅Pros❌Cons
Swap-free accounts are available upon request across multiple account typesSwap-free status needs approval and is not automatically granted
Tight spreads starting from 0.1 pips even on swap-free accountsLow leverage options for swap-free accounts compared to standard ones
No hidden costs with a transparent fee structureOccasional administrative fees for long-term positions
Extensive range of tradable instruments, including cryptocurrenciesCustomer support is available 24/5, not 24/7
Robust customer support with multilingual capabilities

 

Our Insights

Brazilians should consider using HFM (HotForex) for its swap-free accounts. These accounts cater to those who prefer not to pay or receive interest, aligning with Islamic finance principles. HFM offers a robust trading platform with a wide range of trading instruments, including forex, commodities, and indices, providing plenty of options for traders.

 

4. XM

XM

 

XM provides swap-free trading options for all account types, meeting Brazil’s traders’ needs. The swap-free feature has been specifically developed to align with the principles of Islamic financial laws, eliminating any overnight interest charges and ensuring its suitability for Muslim traders.

 

Overall Rating

Min Deposit

USD 5

Regulators

IFSC, FCA, CySEC, ASIC, CMA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

What stood out to us about XM is its transparent approach—there are no hidden fees or extra costs for swap-free accounts. This level of transparency allows traders to concentrate on their trading strategies completely. XM also provides competitive spreads and diverse trading instruments, enabling traders to diversify their portfolios effectively. XM is an incredibly appealing choice for Brazilian traders due to its ethical trading conditions, extensive educational resources, and quality customer support.

 

Unique Features

FeaturesDescription
🪙Swap-free availabilityAvailable on request for all account types
💵Account types offeredMicro, Standard, XM Ultra Low, Shares
📊Trading platforms supportedMetaTrader 4, MetaTrader 5, XM WebTrader
💸Spread competitivenessTight spreads starting from 0.6 pips
⚖️Commission feesNo commission fees on most accounts
📜Administrative fees or hidden costsNo hidden costs, a transparent fee structure
📈Range of tradable instrumentsForex, Cryptocurrencies, Commodities, Indices, Stocks, Metals, Energies
🪪Regulatory status and licensesRegulated by CySEC, ASIC, IFSC
📞Customer support quality24/5 customer support, multilingual
🚀Execution speedFast execution speeds with no requotes
💰Minimum deposit requirementBRL26.77 or USD5
💳Withdrawal and deposit methodsBank transfers, Credit/Debit cards, E-wallets
➡️Leverage optionsUp to 1:888 for retail clients
📅Educational resourcesExtensive educational resources, including videos, webinars, and articles
📈Research and analysis toolsComprehensive research tools, including Trading Central
💻User interface and platform usabilityUser-friendly platforms with intuitive interfaces
📱Mobile trading capabilitiesFull-featured mobile apps for iOS and Android
💸Promotions and bonusesFrequent promotions and bonuses
✨Trader reviews and reputationHighly rated for reliability and customer satisfaction
☪️Compliance with Islamic finance principlesFully compliant with Islamic finance principles
🚀Sign up Open Account

 

XM Overview

 

Pros and Cons

✅Pros❌Cons
Swap-free accounts are available on all account types without any requestAdministrative fees may apply for positions held long-term
No commission fees on most swap-free accountsSwap-free accounts may have some restrictions on trading certain instruments
Tight spreads starting from 0.6 pipsLimited leverage options for swap-free accounts
Comprehensive research tools and educational resourcesCustomer support is available 24/5, not 24/7
Regulated by multiple authorities, ensuring safety

 

Our Insights

Brazilians should check out XM for its swap-free accounts, perfect for avoiding interest charges. With a wide range of trading options—like forex, commodities, and cryptocurrencies—traders have plenty of ways to diversify. XM offers competitive spreads and a smooth trading experience, along with great educational resources like webinars and tutorials. Plus, their customer support is available in Portuguese, making it easy for Brazilian traders to get help. Overall, XM provides a flexible and supportive environment, making it an attractive choice for those interested in swap-free trading.

 

5. FXTM

FXTM Review

 

We found FXTM to be a broker dedicated to offering ethical trading conditions for Muslim traders in Brazil who follow Islamic finance principles. FXTM provides swap-free accounts for traders who want to avoid interest charges on overnight positions. These accounts are available across a range of standard account types. We found that FXTM’s swap-free accounts offer highly competitive spreads. This means that traders can enjoy cost-effectiveness without having to worry about swaps.

 

Overall Rating

Min Deposit

USD 200

Regulators

FCA, FSC, FSCA

Trading Platform

MT4, MT5, FXTM Trader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FXTM provides Brazilian traders with a high level of flexibility and transparency, ensuring there are no hidden charges or unexpected costs. The broker offers a variety of trading platforms, such as MetaTrader 4 and MetaTrader 5, to improve the trading experience with their powerful and versatile features.

 

FXTM demonstrates a strong dedication to education by providing resources such as webinars, articles, and tutorials. These valuable resources are readily available to swap-free account holders. This resource is incredibly valuable for traders of all levels, whether they are just starting out or have years of experience. It provides information to help traders improve their understanding of the market and develop their trading abilities.

 

Unique Features

FeaturesDescription
🪙Swap-free availabilityAvailable on request for Islamic accounts
💵Account types offeredMicro, Advantage, Advantage Plus
📊Trading platforms supportedMetaTrader 4, MetaTrader 5, FXTM Trader
💸Spread competitiveness0.0 pips
⚖️Commission feesNo commission on Micro and Advantage Plus accounts; low commissions on Advantage accounts
📜Administrative fees or hidden costsNo hidden costs, a transparent fee structure
📈Range of tradable instrumentsForex, Commodities, Metals, Indices, Shares
🪪Regulatory status and licensesRegulated by CySEC, FCA, FSCA, FSC
📞Customer support quality24/5 customer support, multilingual
🚀Execution speedFast execution speeds with low latency
💰Minimum deposit requirementBRL 1,102.91 or USD200
💳Withdrawal and deposit methodsBank transfers, Credit/Debit cards, E-wallets
➡️Leverage optionsUp to 1:2000 for retail clients
📅Educational resourcesExtensive educational resources, including webinars, articles, and tutorials
📈Research and analysis toolsComprehensive research tools, including Trading Central
💻User interface and platform usabilityUser-friendly platforms with intuitive interfaces
📱Mobile trading capabilitiesFull-featured mobile apps for iOS and Android
💸Promotions and bonusesFrequent promotions and bonuses
✨Trader reviews and reputationHighly rated for reliability and customer satisfaction
☪️Compliance with Islamic finance principlesFully compliant with Islamic finance principles
🚀Sign up Open Account

 

WHAT WE CAN OFFER

 

Pros and Cons

✅Pros❌Cons
No hidden costs, a transparent fee structureAdministrative fees may apply for holding long-term positions
Extensive range of tradable instruments including Forex, Commodities, Metals, Indices, and SharesSpreads on some instruments may be higher compared to other brokers
Regulated by multiple authorities including FCA, CySEC, FSCA, and IFSCCustomer support is available only 24/5, not 24/7

 

Our Insights

Brazilians should consider FXTM for its swap-free accounts, which are ideal for avoiding interest fees. The broker offers various trading instruments, including forex, commodities, and cryptocurrencies, with competitive spreads and fast execution. FXTM also provides valuable educational resources and customer support in Portuguese, making it a convenient choice for Brazilian traders seeking swap-free options.
 

Conclusion 

Swap Free Account 

Trading with swap-free accounts is vital for traders in Brazil who follow Islamic finance principles, as it guarantees that no interest will be applied to overnight positions. Non-Muslim traders can also benefit from this feature by avoiding swap fees. Exness, AvaTrade, HFM, XM, and FXTM each have distinct advantages regarding their swap-free offerings. Exness stands out because it offers swap-free status on all account types and highly competitive trading conditions.

AvaTrade is known for its extensive platform support and commission-free structure, making it a flexible option for a wide range of trading strategies. HFM provides competitive spreads and various instruments, although traders must request swap-free status. XM offers hassle-free, swap-free access that is automatically applied to all account types. Additionally, they provide a wide range of educational resources to enhance your knowledge.

FXTM stands out with its highly competitive spreads and extensive range of platform options, although swap-free requests may be required. In our opinion, choosing the most suitable broker depends on one’s personal trading requirements, regulatory preferences, and the unique features offered by each broker.

When considering swap-free accounts, it’s important to carefully assess any administrative fees and trading restrictions that may be involved. This will help ensure ethical trading practices are maintained. To maximize the advantages of swap-free trading in Brazil, it is necessary to conduct comprehensive research and gain a deep understanding of the terms offered by each broker.

Frequently Asked Questions

Most brokers require you to request a swap-free account during the account opening process or convert an existing account by contacting customer support.

Potential disadvantages include possible administrative fees and restricted trading instruments. Additionally, spreads might be slightly wider compared to standard accounts.

Quality customer support is crucial. Reputable brokers offer multilingual and round-the-clock support to assist swap-free account holders with their specific needs.

Yes, swap-free accounts are suitable for long-term trading strategies, especially since no overnight interest charges exist.

Consider factors such as regulatory status, trading conditions (spreads, fees), customer support quality, range of tradable instruments, and the broker’s reputation.

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