
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
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 |
🥇 Exness | Highly competitive spreads | Open Account | Regulated by FCA, CySEC, FSCA, FSA | Available on all account types |
🥈AvaTrade | Competitive spreads starting from 0.9 pips | Open Account | Regulated by the Central Bank of Ireland, ASIC, FSA, FFAJ, FSCA | Available on request for Islamic accounts |
🥇 HFM | Tight spreads starting from 0.1 pips | Open Account | Regulated by CySEC, FCA, DFSA, FSCA, FSA | Available on request for Islamic accounts |
🥈 XM | Tight spreads starting from 0.6 pips | Open Account | Regulated by CySEC, ASIC, IFSC | Available on request for all account types |
🥈FXTM | 0.0 pips | Open Account | Regulated by CySEC, FCA, FSCA, FSC | Available on request for Islamic accounts |
10 Best Forex Brokers in Brazil
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What Are Swap-Free Brokers In Brazil?
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.
1. 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.
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
Features | Description |
🪙Swap-free availability | Available on all account types |
💵Account types offered | Standard, Pro, Raw Spread, Zero |
📊Trading platforms supported | MetaTrader 4, MetaTrader 5 |
💸Spread competitiveness | Highly competitive spreads |
⚖️Commission fees | No commissions on Standard accounts, low commissions on Pro and Zero accounts |
📜Administrative fees or hidden costs | No hidden costs, a transparent fee structure |
📈Range of tradable instruments | Forex, Cryptocurrencies, Metals, Energies, Stocks, Indices |
🪪Regulatory status and licenses | Regulated by FCA, CySEC, FSCA, FSA |
📞Customer support quality | 24/7 customer support, multilingual |
🚀Execution speed | Ultra-fast execution speeds |
💰Minimum deposit requirement | Low, varies depending on the region |
💳Withdrawal and deposit methods | Bank transfers, Credit/Debit cards, E-wallets, Crypto |
➡️Leverage options | Up to 1:2000 for some accounts |
📅Educational resources | Comprehensive educational materials, including webinars, articles, and videos |
📈Research and analysis tools | Advanced analysis tools, including Trading Central |
💻User interface and platform usability | User-friendly platforms |
📱Mobile trading capabilities | Full-featured mobile apps for iOS and Android |
💸Promotions and bonuses | Occasional promotions and bonuses |
✨Trader reviews and reputation | Highly rated by traders for reliability and transparency |
☪️Compliance with Islamic finance principles | Fully compliant, designed to adhere to Islamic finance principles |
🚀Sign up | Open Account |
Pros and Cons
✅Pros | ❌Cons |
Offers swap-free accounts on all account types, ensuring flexibility | Swap-free status needs to be requested; not automatically available |
Competitive spreads, even on swap-free accounts | Limited availability of promotions and bonuses |
Transparent fee structure with no hidden costs | Some instruments may have restrictions on swap-free accounts |
High leverage options available up to 1:2000 | Execution 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 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.
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
Features | Description |
🪙Swap-free availability | Available on request for Islamic accounts |
💵Account types offered | Standard, Professional, Spread Betting (UK and Ireland only) |
📊Trading platforms supported | MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions |
💸Spread competitiveness | Competitive spreads starting from 0.9 pips |
⚖️Commission fees | No commission fees on most accounts |
📜Administrative fees or hidden costs | No hidden costs, a transparent fee structure |
📈Range of tradable instruments | Forex, Cryptocurrencies, Commodities, Indices, Stocks, ETFs, Bonds |
🪪Regulatory status and licenses | Regulated by the Central Bank of Ireland, ASIC, FSA, FFAJ, FSCA |
📞Customer support quality | 24/5 customer support, multilingual |
🚀Execution speed | Fast execution speeds with advanced technology |
💰Minimum deposit requirement | BRL535.39 or USD100 |
💳Withdrawal and deposit methods | Bank transfers, Credit/Debit cards, E-wallets |
➡️Leverage options | Up to 1:400 for retail clients |
📅Educational resources | Extensive educational resources, including videos, webinars, eBooks, and more |
📈Research and analysis tools | Comprehensive research tools, including Trading Central and AvaTrade Act |
💻User interface and platform usability | User-friendly platforms with intuitive interfaces |
📱Mobile trading capabilities | Full-featured mobile apps for iOS and Android |
💸Promotions and bonuses | Frequent promotions and bonuses |
✨Trader reviews and reputation | Highly rated for reliability and trustworthiness |
☪️Compliance with Islamic finance principles | Fully compliant with Islamic finance principles |
🚀Sign up | Open Account |
Pros and Cons
✅Pros | ❌Cons |
Provides swap-free accounts upon request for Islamic accounts | Administrative fees may apply for holding long-term positions |
No commission fees on most swap-free accounts | Swap-free accounts are not available by default and need specific requests |
A wide range of trading platforms supported, including AvaTradeGO and AvaOptions | Limited leverage options for swap-free accounts compared to standard accounts |
Regulated by multiple top-tier authorities, ensuring safety | Customer 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 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.
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
Features | Description |
🪙Swap-free availability | Available on request for Islamic accounts |
💵Account types offered | Micro, Premium, Zero Spread, Auto, PAMM |
📊Trading platforms supported | MetaTrader 4, MetaTrader 5, HFM App |
💸Spread competitiveness | Tight spreads starting from 0.1 pips |
⚖️Commission fees | Low commissions on Zero Spread accounts, none on others |
📜Administrative fees or hidden costs | No hidden costs, a transparent fee structure |
📈Range of tradable instruments | Forex, Cryptocurrencies, Commodities, Indices, Shares, Bonds |
🪪Regulatory status and licenses | Regulated by CySEC, FCA, DFSA, FSCA, FSA |
📞Customer support quality | 24/5 customer support, multilingual |
🚀Execution speed | Fast execution speeds with advanced technology |
💰Minimum deposit requirement | BRL26.77 or USD5 |
💳Withdrawal and deposit methods | Bank transfers, Credit/Debit cards, E-wallets |
➡️Leverage options | Up to 1:1000 for retail clients |
📅Educational resources | Comprehensive educational resources, including videos, webinars, articles, and more |
📈Research and analysis tools | Advanced research tools, including Trading Central |
💻User interface and platform usability | User-friendly platforms with intuitive interfaces |
📱Mobile trading capabilities | Full-featured mobile apps for iOS and Android |
💸Promotions and bonuses | Frequent promotions and bonuses |
✨Trader reviews and reputation | Highly rated for reliability and trustworthiness |
☪️Compliance with Islamic finance principles | Fully compliant with Islamic finance principles |
🚀Sign up | Open Account |
Pros and Cons
✅Pros | ❌Cons |
Swap-free accounts are available upon request across multiple account types | Swap-free status needs approval and is not automatically granted |
Tight spreads starting from 0.1 pips even on swap-free accounts | Low leverage options for swap-free accounts compared to standard ones |
No hidden costs with a transparent fee structure | Occasional administrative fees for long-term positions |
Extensive range of tradable instruments, including cryptocurrencies | Customer 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 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.
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
Features | Description |
🪙Swap-free availability | Available on request for all account types |
💵Account types offered | Micro, Standard, XM Ultra Low, Shares |
📊Trading platforms supported | MetaTrader 4, MetaTrader 5, XM WebTrader |
💸Spread competitiveness | Tight spreads starting from 0.6 pips |
⚖️Commission fees | No commission fees on most accounts |
📜Administrative fees or hidden costs | No hidden costs, a transparent fee structure |
📈Range of tradable instruments | Forex, Cryptocurrencies, Commodities, Indices, Stocks, Metals, Energies |
🪪Regulatory status and licenses | Regulated by CySEC, ASIC, IFSC |
📞Customer support quality | 24/5 customer support, multilingual |
🚀Execution speed | Fast execution speeds with no requotes |
💰Minimum deposit requirement | BRL26.77 or USD5 |
💳Withdrawal and deposit methods | Bank transfers, Credit/Debit cards, E-wallets |
➡️Leverage options | Up to 1:888 for retail clients |
📅Educational resources | Extensive educational resources, including videos, webinars, and articles |
📈Research and analysis tools | Comprehensive research tools, including Trading Central |
💻User interface and platform usability | User-friendly platforms with intuitive interfaces |
📱Mobile trading capabilities | Full-featured mobile apps for iOS and Android |
💸Promotions and bonuses | Frequent promotions and bonuses |
✨Trader reviews and reputation | Highly rated for reliability and customer satisfaction |
☪️Compliance with Islamic finance principles | Fully compliant with Islamic finance principles |
🚀Sign up | Open Account |
Pros and Cons
✅Pros | ❌Cons |
Swap-free accounts are available on all account types without any request | Administrative fees may apply for positions held long-term |
No commission fees on most swap-free accounts | Swap-free accounts may have some restrictions on trading certain instruments |
Tight spreads starting from 0.6 pips | Limited leverage options for swap-free accounts |
Comprehensive research tools and educational resources | Customer 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
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.
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
Features | Description |
🪙Swap-free availability | Available on request for Islamic accounts |
💵Account types offered | Micro, Advantage, Advantage Plus |
📊Trading platforms supported | MetaTrader 4, MetaTrader 5, FXTM Trader |
💸Spread competitiveness | 0.0 pips |
⚖️Commission fees | No commission on Micro and Advantage Plus accounts; low commissions on Advantage accounts |
📜Administrative fees or hidden costs | No hidden costs, a transparent fee structure |
📈Range of tradable instruments | Forex, Commodities, Metals, Indices, Shares |
🪪Regulatory status and licenses | Regulated by CySEC, FCA, FSCA, FSC |
📞Customer support quality | 24/5 customer support, multilingual |
🚀Execution speed | Fast execution speeds with low latency |
💰Minimum deposit requirement | BRL 1,102.91 or USD200 |
💳Withdrawal and deposit methods | Bank transfers, Credit/Debit cards, E-wallets |
➡️Leverage options | Up to 1:2000 for retail clients |
📅Educational resources | Extensive educational resources, including webinars, articles, and tutorials |
📈Research and analysis tools | Comprehensive research tools, including Trading Central |
💻User interface and platform usability | User-friendly platforms with intuitive interfaces |
📱Mobile trading capabilities | Full-featured mobile apps for iOS and Android |
💸Promotions and bonuses | Frequent promotions and bonuses |
✨Trader reviews and reputation | Highly rated for reliability and customer satisfaction |
☪️Compliance with Islamic finance principles | Fully compliant with Islamic finance principles |
🚀Sign up | Open Account |
Pros and Cons
✅Pros | ❌Cons |
No hidden costs, a transparent fee structure | Administrative fees may apply for holding long-term positions |
Extensive range of tradable instruments including Forex, Commodities, Metals, Indices, and Shares | Spreads on some instruments may be higher compared to other brokers |
Regulated by multiple authorities including FCA, CySEC, FSCA, and IFSC | Customer support is available only 24/5, not 24/7 |
Our Insights
Conclusion
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
How can I apply for a swap-free account?
Most brokers require you to request a swap-free account during the account opening process or convert an existing account by contacting customer support.
Are there any disadvantages to using swap-free accounts?
Potential disadvantages include possible administrative fees and restricted trading instruments. Additionally, spreads might be slightly wider compared to standard accounts.
How does customer support differ for swap-free account holders?
Quality customer support is crucial. Reputable brokers offer multilingual and round-the-clock support to assist swap-free account holders with their specific needs.
Can swap-free accounts be used for long-term trading?
Yes, swap-free accounts are suitable for long-term trading strategies, especially since no overnight interest charges exist.
What should I consider when choosing a swap-free account broker?
Consider factors such as regulatory status, trading conditions (spreads, fees), customer support quality, range of tradable instruments, and the broker’s reputation.