8 Best Swap-Free Forex Brokers in Ghana
Many traders in Ghana prefer accounts that exclude overnight interest, either for religious reasons or to avoid extra charges. Swap-Free options make that possible without restricting access to forex, indices, or commodities.
The key difference lies in how each broker presents its offer and whether it remains transparent after a few weeks of trading. Here is what we’ll cover in our article:
- Are swap-free accounts truly interest-free?
- 8 Best Swap-Free Forex Brokers in Ghana
- Tips for choosing the right Swap-Free broker
- Our closing thoughts
- Quick answers to common swap-free account queries
To create this list, every broker’s swap-free policy was tested, compared, and verified against real trading conditions. Regulation, platform choice, fees, and local accessibility were also reviewed, using data available to Ghanaian clients.
5 Best Forex Brokers in Ghana
Rank | Broker | Review | Regulators | Min Deposit | Official Site |
🥇 |  | Read Review | CBCS, FSA, FSC, FSCA, CMA | $10 | Visit Broker |
🥈 |  | Read Review | ASIC, CySEC, IFSC, DFSA, FCA | $5 | Visit Broker |
🥉 |  | Read Review | FSC, ASIC, CySEC | $5 | Visit Broker |
#4 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | Visit Broker |
#5 |  | Read Review | FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine | $0 | Visit Broker |
Comparing The 8 Best Swap-Free Forex Brokers in Ghana
| 🥇 Broker | 👉 Open An Account | 💰 Ghanaian Cedi-based Account? | 💸 Minimum Deposit ($/GHS) | 💳 Local Deposits Allowed? |
| 1. Exness | 👉 Open Account | Yes | $10 (120 GHS) | Yes |
| 2. Octa | 👉 Open Account | No | $25 (300 GHS) | No |
| 3. HFM | 👉 Open Account | No | $0 | No |
| 4. XM | 👉 Open Account | No | $5 (60 GHS) | No |
| 5. FP Markets | 👉 Open Account | No | $100 (1,200 GHS) | No |
| 6. RoboForex | 👉 Open Account | No | $10 (120 GHS) | No |
| 7. IC Markets | 👉 Open Account | No | $200 (2,500 GHS) | No |
| 8. FxPro | 👉 Open Account | No | $100 (1,200 GHS) | No |
Are swap-free accounts truly interest-free?
Yes, but it’s not always truly fee-free. Swap-free accounts remove overnight interest from trading, replacing it with alternative pricing that avoids interest-based costs.
The idea appeals to traders who follow Islamic principles, but it also suits anyone who prefers not to pay rollover charges when they keep positions open for several days. The difference lies in how brokers apply their version of “swap-free”.
Some charge a fixed daily administration fee instead of interest, while others introduce a time limit before such fees apply. Certain instruments, such as gold, oil, or crypto, don’t always qualify for swap-free status at all.
In 2025, brokers who offer genuine Islamic accounts have improved transparency, but the conditions still vary. This means that Ghanaians must read the broker’s policy thoroughly instead of relying on the “swap-free” label alone.
8 Best Swap-Free Account Brokers in Ghana
- Exness: Trusted multi-regulated broker offering genuine swap-free accounts, instant execution, and flexible funding that includes options suitable for traders in Ghana.
- Octa: Fully swap-free broker with no time limits or admin charges, known for stable execution, low spreads, and 24-hour support that suits both new and active Ghanaian traders.
- HFM: Established broker with full Islamic account support, reliable withdrawals, and education that helps Ghanaian traders progress from demo to professional trading with confidence.
- XM: Accessible global broker with swap-free availability across accounts, a low $5 entry deposit, and multilingual 24-hour support.
- FP Markets: Regulated by ASIC and CySEC, with consistent ECN pricing, unlimited swap-free access, and responsive support for Ghana-based clients.
- RoboForex: Belize-regulated broker offering swap-free options on Pro and ProCent accounts, extremely high leverage, and local onboarding convenience.
- IC Markets: Professional-grade broker with fast execution, Islamic account availability across accounts, and flexible trading platforms that appeal to advanced traders in Ghana.
- FxPro: Well-regulated broker allowing swap-free trading on request, combining transparent costs, diverse trading platforms, and dependable service for Ghanaian users.
1. Exness
| Minimum Deposit: $10 Regulated by: CBCS, FSA, FSC, FSCA, CMA Leverage: Up to 1:2000 |
Overview
Exness gives traders in Ghana direct access to forex markets through MT4, MT5, and its native platforms. Ghanaians can convert most Exness accounts to a Swap-Free account to benefit from interest-free overnight positions.
Unique Features
| Feature | Information |
| ☪️ Swap-free account availability | Available by default for eligible traders in Ghana |
| ⏳ Swap-free time limit / duration | No time limit |
| 💸 Administrative / rollover fee | None |
| 💰 Minimum deposit (swap-free eligible) | $10 |
| ⚖️ Regulation for Ghanaian clients | No BoG/SEC regulation; FSA, CBCS, FSC, FSC, FSCA, CySEC, FCA, CMA, JSC |
| 📈 Maximum leverage offered on swap-free | Up to 1:Unlimited |
| 🧾 Eligible account types | Standard, Cent, Pro, Zero, Raw Spread |
| 💳 Funding & Withdrawals | Online transfer, eWallets, Bank Cards, Crypto |
| 📱 Platform access for swap-free traders | MT4, MT5, Exness Terminal, Exness Trade App |
| 🛡️ Faith-based transparency / policy clarity | Transparent Islamic policy, swap-free applied automatically |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Accepts GHS deposits and withdrawals | Not licensed by Bank of Ghana or SEC Ghana |
| Swap-free trading automatically enabled for eligible countries | Some account types require $500 minimum deposit |
| Unlimited leverage available |
Frequently Asked Questions
Is Exness regulated for Ghanaian clients?
Yes, but not in Ghana. Ghanaian traders fall under Exness (SC) Ltd, regulated by the FSA in Seychelles.
Does Exness charge withdrawal fees for Ghanaians?
No, deposits and withdrawals are processed free of charge.
You can fund your account with Ghanaian cedi through MTN Mobile Money or local bank transfers.
2. Octa
 | Minimum Deposit: $25 Regulated by: CySEC, MISA, FSCA, FSC Leverage: Up to 1:500 |
Overview
Octa combines the familiar strength of MetaTrader platforms with its modern OctaTrader system for cross-device performance and built-in analytics.
Unique Features
| Feature | Information |
| ☪️ Swap-free account availability | All accounts are swap-free by default |
| ⏳ Swap-free time limit / duration | No expiry, permanent |
| 💸 Administrative / rollover fee | None |
| 💰 Minimum deposit (swap-free eligible) | $25 (recommended $100) |
| ⚖️ Regulation for Ghanaian clients | MISA, FSC, CySEC, FSCA |
| 📈 Maximum leverage offered on swap-free | Up to 1:1000 |
| 🧾 Eligible account types | MT4, MT5, OctaTrader (all swap-free) |
| 💳 Funding & Withdrawals | Local bank transfer, Visa, Skrill, Neteller, crypto |
| 📱 Platform access for swap-free traders | MT4, MT5, OctaTrader, Copy Trading App |
| 🛡️ Faith-based transparency / policy clarity | All accounts halal by design |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| 50% deposit bonus and loyalty programme | GHS not accepted as an account currency |
| All accounts are swap-free by default, no need to apply | No Bank of Ghana licence |
| 24/7 live support with quick response times | Local bank transfers can take up to 24 hours |
| Supports MT4, MT5, and OctaTrader |
Frequently Asked Questions
Can Ghanaians fund Octa accounts using Mobile Money?
Not directly. You can use local bank transfer or international options like Visa and Skrill.
Does Octa accept deposits in Ghanaian cedis?
No, all transactions are handled in USD or EUR, and conversion fees apply.
3. HFM
| Minimum Deposit: $0 Regulated by: FCA, FSA, DFSA, FSCA, CMA Leverage: Up to 1:1000 |
Overview
HFM stands out in Ghana’s forex scene for its flexibility and trading range. Ghanaians can convert their live accounts to Swap-Free accounts and expect competitive trading conditions.
Unique Features
| Feature | Information |
| ☪️ Swap-free account availability | Available on request across all live accounts |
| ⏳ Swap-free time limit / duration | Permanent, until revoked by client or broker |
| 💸 Administrative / rollover fee | None on approved Islamic accounts |
| 💰 Minimum deposit (swap-free eligible) | $0 (Cent, Premium, Zero) |
| ⚖️ Regulation for Ghanaian clients | No SEC or BoG regulation; FCA, CySEC, DFSA, FSCA, FSA, CMA, FSC |
| 📈 Maximum leverage offered on swap-free | Up to 1:2000 |
| 🧾 Eligible account types | Cent, Premium, Pro, Pro Plus, Zero, Top-Up Bonus, HFcopy |
| 💳 Funding & Withdrawals | Bank card, Skrill, Neteller, wire, crypto |
| 📱 Platform access for swap-free traders | MT4, MT5, WebTrader, HFM App, VPS |
| 🛡️ Faith-based transparency / policy clarity | Disclosed in account terms, compliant across accounts |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| No minimum deposit required upon registration | No local deposit/withdrawal methods |
| Supports MT4, MT5, and HFM App | Not regulated by Ghana’s SEC |
| High leverage of up to 1:2000 available |
Frequently Asked Questions
Does HFM charge withdrawal fees in Ghana?
No, withdrawals are free on HFM’s side, but payment providers can charge fees.
What leverage is offered to Ghanaian traders?
Up to 1:2000, depending on the account type and instrument.
4. XM
| Minimum Deposit: $5 Regulated by: FSC, CySEC, ASIC Leverage: Up to 1:1000 |
Overview
XM stands out for its accessibility, with a $5 minimum deposit, swap-free accounts, thousands of available instruments, and support for micro-lot trading.
Unique Features
| Feature | Information |
| ☪️ Swap-free account availability | Available on request for Standard and Ultra Low accounts |
| ⏳ Swap-free time limit / duration | Unlimited duration for approved users |
| 💸 Administrative / rollover fee | None for Islamic accounts |
| 💰 Minimum deposit (swap-free eligible) | $5 (Standard or Ultra Low) |
| ⚖️ Regulation for Ghanaian clients | CySEC, ASIC, FCA, FSC, FSA Seychelles |
| 📈 Maximum leverage offered on swap-free | Up to 1:1000 |
| 🧾 Eligible account types | Standard, Ultra Low, Shares (on request), Islamic |
| 💳 Funding & Withdrawals | Card, Skrill, Neteller, WebMoney, bank transfer |
| 📱 Platform access for swap-free traders | MT4, MT5, XM App, WebTrader |
| 🛡️ Faith-based transparency / policy clarity | Documented swap-free policy |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Low $5 minimum deposit | No direct Mobile Money support |
| Tight spreads on Ultra Low accounts | High deposit threshold on Shares account |
| Swap-free option available on Standard and Ultra Low |
Frequently Asked Questions
Does XM provide education or market tools for Ghanaians?
Yes, XM has webinars, Trading Central access, and a learning hub.
How fast are XM withdrawals in Ghana?
E-wallets are typically processed within 24 hours, while bank transfers may take several days.
5. FP Markets
 | Minimum Deposit: $100 AUD Regulated by: ASIC, CySEC, FSCA, FSA, FSC, CMA Leverage: Up to 1:500 |
Overview
Ghana traders who prefer control and transparency will recognise FP Markets for its transparent pricing and platform variety. Islamic Accounts are available on both MetaTrader 4 and 5, with a 5-day grace period.
Unique Features
| Feature | Information |
| ☪️ Swap-free account availability | Yes, Islamic Standard and Islamic Raw accounts offered |
| ⏳ Swap-free time limit / duration | Typically 5 nights grace before admin fees apply |
| 💸 Administrative / rollover fee | From US$3 to US$60 per lot |
| 💰 Minimum deposit (swap-free eligible) | $100 |
| ⚖️ Regulation for Ghanaian clients | None locally; ASIC, CySEC, FSCA, FSA, FSC, CMA Kenya, SVG |
| 📈 Maximum leverage offered on swap-free | 1:500 |
| 🧾 Eligible account types | Islamic Standard and Islamic Raw on MT4, MT5, cTrader |
| 💳 Funding & Withdrawals | Cards, bank wire, Skrill, Neteller, crypto |
| 📱 Platform access for swap-free traders | MT4, MT5, cTrader, TradingView, FP Markets App and Web |
| 🛡️ Faith-based transparency / policy clarity | Transparent Islamic account terms with documented admin fees after grace period |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Islamic Standard and Raw accounts available | Onboarding via offshore licences |
| Comprehensive education suite and 24/6 live support | Limited grace period on swap-free trades |
| Spreads from 0.0 pips on Raw accounts |
Frequently Asked Questions
Is FP Markets regulated to serve Ghanaian clients?
Yes, Ghana clients are onboarded through the FSA in Seychelles or FSC Mauritius, both official regulators.
Does FP Markets support Mobile Money transactions in Ghana?
No, funding can only be done using international methods like cards or e-wallets.
6. RoboForex
 | Minimum Deposit: $10 Regulated by: FSC Leverage: Up to 1:200 |
Overview
RoboForex’s swap-free accounts, tight spreads, high leverage, thousands of markets, and faith-compliant trading on MetaTrader and R StocksTrader.
Unique Features
| Feature | Information |
| ☪️ Swap-free account availability | Yes, on Pro and ProCent accounts |
| ⏳ Swap-free time limit / duration | Unlimited, flat rollover fee applies |
| 💸 Administrative / rollover fee | Fixed fee per position, replaces swaps |
| 💰 Minimum deposit (swap-free eligible) | $10 |
| ⚖️ Regulation for Ghanaian clients | FSC Belize, not under Ghana SEC |
| 📈 Maximum leverage offered on swap-free | Up to 1:2000 |
| 🧾 Eligible account types | Pro, ProCent |
| 💳 Funding & Withdrawals | Local bank transfer, cards, e-wallets, AstroPay |
| 📱 Platform access for swap-free traders | MetaTrader 4, MetaTrader 5 |
| 🛡️ Faith-based transparency / policy clarity | Clear swap-free policy with flat fee, no hidden swaps |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Local deposit options through cards and wallets | No physical presence in Ghana |
| Swap-Free option on Pro and ProCent | Not all accounts can be converted to Swap-Free |
| Offers several tools for trading different markets | Limited regulations |
| High leverage available up to 1:2000 |
Frequently Asked Questions
Is there a time limit on RoboForex’s Islamic (swap-free) accounts?
No, there’s no limit. Trades can remain open without daily swaps; only a fixed fee applies.
Does RoboForex allow leverage up to 1:2000 for swap-free accounts?
Yes, the same high leverage applies across swap-free and standard accounts.
7. IC Marktes
 | Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Overview
IC Markets stands out for its lightning-fast execution and tight spreads across forex. Traders in Ghana can access Raw and Standard Swap-Free accounts on MetaTrader, cTrader, and TradingView.
Unique Features
| Feature | Information |
| ☪️ Swap-free account availability | Yes, available for all account types |
| ⏳ Swap-free time limit / duration | 5 days grace period before daily holding fee applies |
| 💸 Administrative / rollover fee | Flat daily charge per instrument after 5 days, varies by market |
| 💰 Minimum deposit (swap-free eligible) | $200 |
| ⚖️ Regulation for Ghanaian clients | None locally; ASIC, CySEC, FSA Seychelles, SCB, CMA |
| 📈 Maximum leverage offered on swap-free | Up to 1:1000 |
| 🧾 Eligible account types | Standard, Raw MT4, and Raw cTrader |
| 💳 Funding & Withdrawals | Cards, PayPal, Skrill, Neteller, bank transfer |
| 📱 Platform access for swap-free traders | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| 🛡️ Faith-based transparency / policy clarity | Clear Islamic policy published online with fees disclosed per asset |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Leverage up to 1:1000 for eligible clients | No local customer support line in Ghana |
| Supports MetaTrader, cTrader, and TradingView for Islamic use | International bank transfers take longer to clear |
| Swap-free access across all live accounts | No Ghana Cedi (GHS) funding |
| Flat fee model after grace period, not interest based |
Frequently Asked Questions
What is the minimum deposit for IC Markets in Ghana?
The minimum deposit is USD 200 for all account types.
Can I use IC Markets for copy or social trading in Ghana?
Yes, ZuluTrade, Signal Start, and IC Social are available for copy trading.
8. FxPro
 | Minimum Deposit: $100 Regulated by: FCA, SCB Leverage: Up to 1:500 |
Overview
FxPro’s swap-free structure, strong oversight, and zero-restriction trading policies make it a dependable choice for all Ghanaians, from beginners to professional traders and investors.
Unique Features
| Feature | Information |
| ☪️ Swap-free account availability | Yes, available on MT4 and MT5 accounts |
| ⏳ Swap-free time limit / duration | Unlimited use once approved |
| 💸 Administrative / rollover fee | No swaps, administrative fee could apply after extended holding |
| 💰 Minimum deposit (swap-free eligible) | $100 (or cedi equivalent) |
| ⚖️ Regulation for Ghanaian clients | FCA, SCB, FSCA, FSA; no SEC or BoG regulation |
| 📈 Maximum leverage offered on swap-free | Up to unlimited on forex majors, dynamic by asset type |
| 🧾 Eligible account types | Standard, Raw+, Pro |
| 💳 Funding & Withdrawals | Cards, bank transfer, STICPAY, crypto |
| 📱 Platform access for swap-free traders | MT4, MT5, FxPro App, WebTrader |
| 🛡️ Faith-based transparency / policy clarity | Published Islamic policy outlining non-interest model and halal instruments |
| 🚀 Sign up | 👉 Open Account |
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Multiple funding options with zero FxPro fees | No local Ghanaian phone support |
| Swap-free access on MT4 and MT5 | No Ghanaian cedi account |
| Tight spreads and fast execution from LD4 data centre |
Frequently Asked Questions
What is the minimum deposit for IC Markets in Ghana?
The minimum deposit is USD 200 for all account types.
Can I use IC Markets for copy or social trading in Ghana?
Yes, ZuluTrade, Signal Start, and IC Social are available for copy trading.
Tips for choosing the right Swap-Free broker
Swap-free trading is an essential benefit in Ghana. The best swap-free brokers offer transparent policies, broader platform access, and local-friendly funding options. Choosing the right one means understanding what affects your long-term trading costs and accessibility.
Here are a few tips when you compare Swap-Free Brokers:
| ✅ | Feature | Recommendation |
| ▫️ | ☪️ Swap-free (Islamic) terms | Confirm whether swap-free status is permanent or time-limited, and ensure admin or renewal fees are disclosed clearly. |
| ▫️ | ⚖️ Applicable regulator & entity | Verify the exact regulatory body and entity your account falls under (e.g., FSCA, FCA, FSA Seychelles) on the broker’s official registration page. |
| ▫️ | 📊 Eligible account types for swap-free | Check which account types qualify for swap-free access (Standard, Islamic, ECN/Raw) before depositing funds. |
| ▫️ | 💰 True trading cost | Compare full trading costs — spreads, commissions, admin charges (after any grace period), and inactivity fees. |
| ▫️ | 💻 Platform & automation support | Choose brokers offering MT4, MT5, or cTrader with access to Expert Advisors (EAs) and copy-trading options. |
| ▫️ | 💳 Deposit & withdrawal options | Confirm supported payment methods in Ghana — cards, fintech apps, or mobile money — plus processing times and any third-party fees. |
| ▫️ | 💱 Base currency strategy | Use USD or EUR base currencies to reduce conversion losses when funding from GHS, unless a GHS-based account is offered. |
| ▫️ | 📈 Eligible instruments & restrictions | Check which instruments can be traded under swap-free conditions (Forex, indices, metals, crypto, etc.) and any restrictions. |
| ▫️ | 🧪 Demo & small-test funding | Start with a demo, then a small live deposit to verify spreads, execution speed, swap-free operation, and withdrawal reliability. |
| ▫️ | 🗣️ Customer support & SLA | Test support responsiveness via live chat and email; note response times, professionalism, and local-language availability. |
Our closing thoughts
The best Swap Free brokers balance accessibility with transparent policies that avoid disguised costs or time-limited “free” periods.
While the positives include inclusivity, interest-free terms, and broader market access, the negatives revolve around conversion fees, delayed withdrawals, or narrow eligibility.
Overall, swap free trading serves its purpose when the broker discloses every fee upfront and provides a consistent trading environment for Ghanaian clients across all account types.
Quick answers to common swap-free account queries
Can Swap Free accounts still incur negative balances or funding risks?
Yes, swap-free trading removes interest but doesn’t stop market losses or margin calls. Traders are still responsible for managing risk.
Does Swap Free apply to all account types?
No, some brokers limit Swap-Free access to certain account types, while others allow it across all.
Does Swap Free status affect trading spreads or commissions?
Sometimes. A few brokers replace swaps with small admin fees or slightly wider spreads. With others, the spreads remain unchanged, but admin fees apply after a few days.
How do brokers compensate for lost swap income under Swap Free models?
They use fixed admin charges or short grace periods instead of overnight interest.
Does Swap Free affect leverage or margin requirements?
No, leverage usually matches the ratio on live accounts. Many brokers still offer from 1:500 to 1:2000 (even 1:Unlimited).
How do I convert a standard account to Swap Free trading status?
Most brokers let you request conversion through your account settings or support, while others apply Swap Free status automatically for eligible countries.
Can Swap Free trading be removed or revoked by the broker?
Yes, some platforms can cancel Swap Free access if accounts no longer meet the terms.
Who can use a Swap Free account in Ghana?
Anyone who prefers to avoid interest, whether for faith or cost reasons.
Which trading instruments are eligible under Swap Free terms?
Forex pairs are always eligible, but metals, oil, crypto, and other instruments might be restricted.
Do Swap Free accounts require religious justification or proof?
Not always. Many brokers let anyone request or use Swap Free status without documentation. However, there are a few brokers that only offer this account to Muslim traders who can provide proof of their faith.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.