3 Best Low Swap Fees Forex Brokers for 2026
Swap fees are easy to overlook, so traders holding positions for days and weeks sometimes get a nasty surprise. Most people are looking out for spreads and commissions, but overnight financing (swap) fees can really add up and impact your returns.
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To create this guide, I took a hands-on approach and used the FXEmpire database of over 300 brokers, which were rigorously tested using hundreds of data points. I looked for brokers with competitive swap rates and also took into account features like regulation, trading platforms, trading costs, and swap-free/Islamic accounts.
The Shortlist of Brokers with Low/No Swap Fees
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| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
Moneta Markets | 4.6 | 4.7 | $50 | 1:500 (FSA) 1:1000 (CMA UAE) · 1:500 (FSCA) · 1:30 (FCA) | MT5, MT4, ProTrader, App Trader, Copytrader App | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading derivatives is risky. It isn't suitable for everyone; you could lose substantially more than your initial investment. You don't own or have rights to the underlying assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't consider your personal objectives, financial circumstances, or needs. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. |
JustMarkets | 4.3 | 4.4 | $10 | 1:30 (CySEC) 1:3000 (FSCM) · 1:3000 (FSCA) · 1:3000 (FSA) · 1:3000 (BVI FSC) | MT5, MT4, JustMarkets App | Your capital is at risk. |
Exness | 4.6 | 4.6 | $10 | 1:1000 (BVI FSC) 1:2000 (FSCA) · 1:2000 (CMA) · 1:30 (FCA) · 1:2000 (CySEC) · 1:2000 (CBCS) · 1:500 (FSA) | MT5, MT4, Exness Terminal | General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs. |
How Did FXEmpire Select the Best Low Swap Forex Brokers?
- I selected brokers with a high overall review score of 4+ based on our rating system.
- I checked for low swap rates in relation to our industry benchmarks and selected the brokers that offer the lowest overnight fees or don’t charge them at all.
- I looked for brokers licensed by top-tier regulators and assessed their overall level of financial strength and transparency.
- I also opened accounts with these brokers and tested their live spreads to compare them to the industry average.
- I looked for rich charting, diverse order types, 1-click trading, watchlists, alerts, and an intuitive platform interface.
- I checked for fast, helpful customer support via phone, live chat, and email.
- I verified the availability of a wide variety of deposit and withdrawal methods.
Best Overall
- $50Min Deposit
- 1063Tradable Instruments
- LowFees
Why We Picked It
Moneta Markets earned the top spot with its well-rounded offering. Swap rates came in at less than $10 in EUR/USD, and I recorded spreads as low as 0.5 pips during my tests. The platform lineup is strong with the proprietary ProTrader, along with MT4 and MT5. Beyond the core trading features, there is also copy trading and analysis from Trading Central.
Key Features:
- Regulators: UK FCA, South Africa FSCA, UAE SCA, Seychelles FSA
- Maximum Leverage: 1:1000 (Global entity)
- Account types: Direct STP, Prime ECN, Ultra ECN
- Swap rates: $8.75 per lot in EUR/USD (June 26 2026)
- Instruments: 1,050+ CFDs
- Swap-free/Islamic account: Yes
- Resources and Tools: Trading Central, VPS hosting
As a technical trader, I was impressed by the range of 150+ indicators and charting tools available via the ProTrader platform. I took note of 1-click trading and trading from the chart, which are key features for day traders and scalpers. The range of instruments is diverse, with over 800 CFDs on shares and also ETFs and bonds, which are less common.
Moneta Markets also offers its own market analysis, along with Moneta TV updates, and Trading Central signals. I was not expecting the depth of hundreds of educational videos. Moneta Markets also offers market sentiment data, which can give you insights into potential turning points in market trends.
Pros and Cons
- Very competitive spreads on major instruments
- Range of advanced trading platforms
- Free VPS hosting
- Research from Trading Central
- Customer support can be inconsistent
Best MT4
- $10Min Deposit
- 266Tradable Instruments
- LowFees
Why We Picked It
JustMarkets offers a unique set of advantages for MetaTrader users. Trading costs are highly competitive. For example, I recorded spreads as low as 0.2 pips, the lowest I have ever seen via a Standard account. I took note of strong MetaTrader support, with the full suite of MT4/MT5 platforms.
Key Features:
- Regulators: Cyprus CySEC, Seychelles FSA, South Africa FSCA, Mauritius FSC, British Virgin Islands FSC
- Leverage: 1:3000 (Global entity)
- Account types: Standard, Standard Cent, Pro, Raw Spread
- Swap rates: $13.32 per lot in EUR/USD (June 26 2026)
- Instruments: 266 CFDs
- Swap-free/Islamic account: Yes
- Resources: Copy trading, daily forecasts
Both MT4 and MT5 are covered, across desktop, web, and mobile. And if you’re running automated strategies, you can use VPS hosting, which ensures that your EA can run 24/5. What surprised me, though, was the depth of MetaTrader tutorials, which went beyond the basics into coverage of custom indicators and trading signals.
Within the client portal, you can find the JustMarkets copy trading platform, which lets you mirror experienced strategy providers in real time. I browsed the copy trading leaderboard and found some interesting options using filtering parameters like risk score, top gainers, and most popular. Unlike some competitors, I counted a deep range of hundreds of strategies to select from. The most popular was ‘BigKingz,’ who gained 659 followers.
Pros and Cons
- No swap fees on most of the asset classes
- Full suit of MT4 and MT5
- MetaTrader tutorials
- Low-risk Cent account
- Competitive spreads
- Limited range of trading products
Best for Beginners
- $10Min Deposit
- 293Tradable Instruments
- LowFees
Why We Picked It
I found that Exness checks all the boxes for beginners. The Exness Terminal platform is slick and easy to navigate. The broker also has a low minimum deposit of $10 and offers the low-risk Standard Cent account. But what stood out to me the most was that many major, minor, and exotic forex pairs, as well as gold, silver, crypto, and indices, can (by default) be traded without overnight swap charges.
Key Features:
- Regulators: UK FCA, Cyprus CySEC, Kenya CMA, South Africa FSCA, Jordan JSC, Seychelles FSA, Curaçao and Sint Maarten CBCS, British Virgin Islands FSC, Mauritius FSC
- Leverage: 1:2000 (Global entity)
- Account types: Standard, Standard Cent, Pro, Zero, Raw Spread
- Swap rates: $0 by default EUR/USD
- Instruments: 293 CFDs
- Swap-free/Islamic account: Yes
- Resources: Trading Central signals, FXStreet news
I experienced competitive trading costs with spreads as low as 0.9 pips in EUR/USD via the Standard account. The Exness Terminal was what won me over, though. TradingView charts are built-in, 1-click trading keeps you nimble, and price alerts are easy to set up. Trading Central is also integrated.
The education section covers the basics well enough for beginners, but there is also real depth on practical strategies for more experienced traders. Deposits and withdrawals are fast (98% of withdrawals are processed without manual review), which is something most brokers lack.
Pros and Cons
- Broad swap-free coverage
- 120+ forex pairs
- User-friendly Exness Terminal platform
- Free VPS hosting
- Not available in Europe or the UK for retail clients
All the Brokers We Tested
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About the Authors
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.