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 Malaysia.

Swap-free accounts offered (83 of 83)

59Yes
7On request
4No
13Not 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 (62 of 83 counts · 75 brokers onboarding Malaysian residents)

62of 83
qualify for this ranking
75% of 83
51of 62
scored on all six axes
82% of 62
69of 83
publish a price
83% of 83
57of 83
publish a leverage figure for this country
69% of 83

Top 3 (of 3 ranked)

Swap-free (Islamic) accounts: what is actually waived (62 of 83)

By slice score, formula v1.0. · 62 of 75 brokers in this ranking · all 62
#BrokerRound turn, USDMYMin deposit, USDMYLeverageWithdrawal, hMYScoreExecutionFoundedFunding
1—03MY484.17—19633 methods · local
25100 group3000MY244.13ECN/raw + standard20073 methods
36——stated, not verified724.08ECN/raw + standard19862 methods · local
47100 group500MY34.07ECN/raw + standard20063 methods
560500MY244.04ECN/raw + standard20145 methods
6925 group1000MY0.54.02ECN/raw + standard20112 methods · local
73.3510 group2000MY14ECN/raw + standard20137 methods
86501000MY243.92ECN/raw + standard19987 methods
960 group2000MY243.92ECN/raw + standard20103 methods
10650 group3000MY243.89ECN/raw + standard20094 methods
1160 group200MY243.88Standard20142 methods
128100 group500MY723.88ECN/raw + standard20053 methods
13550 group1000MY243.88ECN/raw + standard20053 methods
14310 group500MY483.88ECN/raw + standard19902 methods
158100 group200MY483.87Standard20043 methods
16325 group500MY33.86ECN/raw + standard20014 methods
17750500MY43.85ECN/raw + standard20104 methods
187100 group500MY243.84ECN/raw + standard20165 methods
19710 group1000MY243.84ECN/raw20083 methods · local
207100 group200MY243.8ECN/raw + standard20103 methods
21750 group500MY243.8ECN/raw + standard20115 methods · local
22655000MY483.79ECN/raw + standard20194 methods
2331 group500MY243.79ECN/raw + standard20036 methods
246102000MY0.173.77ECN/raw + standard20044 methods · local
2510—200MY243.75ECN/raw + standard20104 methods · local
264.20 group200MY243.75ECN/raw + standard20014 methods
27650 group500MY483.74ECN/raw + standard20055 methods
28310 group3000MY483.7ECN/raw + standard20124 methods · local
29751000MY243.67ECN/raw + standard20094 methods · local
30115 group3000MY243.67Standard20093 methods · local
316100500MY243.67ECN/raw + standard20144 methods
32450 group1000 groupMY—3.67ECN/raw20095 methods
337100500MY243.66ECN/raw + standard20166 methods
347100500MY483.63ECN/raw + standard20095 methods
35160 group500MY243.62Standard20106 methods · local
3621 group1000MY73.62ECN/raw + standard20073 methods
377501000MY243.6ECN/raw + standard20195 methods
384.50500MY1203.58ECN/raw + standard20177 methods
399100 group400MY483.58Standard20062 methods · local
4070 group500MY723.57ECN/raw + standard20074 methods
415.510 group1000MY1203.55ECN/raw + standard20147 methods
423.11 group2000 groupMY0.53.5ECN/raw + standard20064 methods
438—500MY723.49ECN/raw + standard20153 methods · local
446100 group300MY723.47Standard20084 methods
457100 group1000MY963.46ECN/raw + standard20136 methods
46510 group2000MY243.42ECN/raw + standard20123 methods · local
477100 group400 groupMY1203.41ECN/raw + standard20173 methods
4816100 group500MY243.38Standard19774 methods
4910100 group2000MY2403.37ECN/raw + standard20105 methods
50161000100MY723.36ECN/raw + standard19962 methods
51710 group2000MY243.35ECN/raw + standard20113 methods · local
52550 group2000MY1203.2ECN/raw + standard20165 methods · local
5390500MY723.19ECN/raw + standard20022 methods
541310 group2000 groupMY243.19ECN/raw + standard20094 methods · local
55———stated, not verified—3.15—20173 methods · local
56810 group400MY2402.94ECN/raw + standard20116 methods
5730——stated, not verified1202.33Standard20134 methods
58—1400MY120—ECN/raw + standard20063 methods
59———stated, not verified24——19943 methods · local
60———stated, not verified24——19913 methods · local
61———stated, not verified———19733 methods · local
62———stated, not verified24——19741 methods · local
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 Malaysia lists every broker that qualifies, with the figure each one publishes.

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

1. AMarkets — highest score of the three · cheapest priced of the three · unregulated locally; offshore only (score 4.13)

Round turn
5 USD
Withdrawal
Up to 24 hours
MYR account
USD per official; third-party reviews claim MYR deposit options, not verified officially.
Leverage
3000MY
Accepts residents
through an offshore entity
Onboarding entity
AMarkets Ltd
Founded
2007
Register
https://amarkets.com · 09.07.2026
Group leverage
uncleargroup
Instruments
500+ assets: FX, metals, indices, commodities, stocks, ETFs, crypto CFDs.
Platforms
MT5cTraderWebTradingView
Funding
Cards (Visa/Mastercard), Volet (ex-AdvCash), crypto (USDT/USDC/ETH/LTC/BNB); local MYR bank transfer claimed by reviews.
Not served
EU/EEA/EFTA countries, United States
  • Reviews25%90
  • Round-turn cost20%100
  • Safety10
  • Payouts15%80
  • Track record10%95
  • Platforms50
Why it ranks here

Round turn 5 USD against the slice median 7 USD. strongest axis round-turn cost 100 of 100. total score 4.13.

Watch for

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

Full review of AMarkets

2. CIMB Securities Sdn Bhd — locally licensed (score 4.08)

Round turn
6 USD
Withdrawal
up to 3 business days
MYR account
MYR
Accepts residents
yes
Onboarding entity
CIMB Securities Sdn Bhd (formerly KAF Equities Sdn Bhd; acquired by CIMB Investment Bank Berhad, completed Feb 2024)
Founded
1986
Register
https://www.cimb.com/en/wholesalebanking/product-services/cimb-securities.html · 11.07.2026
Group leverage
unclear
Instruments
Bursa Malaysia-listed shares, warrants and ETFs
Platforms
MT5MT4Web
Funding
FPX / DuitNow bank transfer for settlement (standard Malaysian rails; specifics not verified at review)
Not served
United States
    Why it ranks here

    Round turn 6 USD against the slice median 7 USD. strongest axis track record 100 of 100. total score 4.08.

    Watch for

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

    Full review of CIMB Securities Sdn Bhd

    3. FxPro — unregulated locally; not found on the sc · withdrawal in 3 h (score 4.07)

      Why it ranks here

      Round turn 7 USD against the slice median 7 USD. strongest axis track record 100 of 100. total score 4.07.

      Watch for

      Onboards Malaysian residents through an offshore entity: no SC Malaysia licence, no SC Malaysia complaints route, no MYR account.

      Full review of FxPro

      What the data shows(62 of 83 distributions · 75 brokers)

      Swap-free availability (62 of 83 brokers)

      68%30/44
      Offered30Not offered14

      Admin fee after the free period (62 of 83 swap-free)

      53%16/30
      Never16After 3–30 days9not published5

      Who onboards Malaysian residents (62 of 83 brokers)

      45%20/44
      Local SC Malaysia entity20Offshore entity24

      MYR account (62 of 83 brokers)

      36%16/44
      Yes16No23not published5

      Round turn, one lot, USD (69 of 83 · median 7 USD)

      59<10
      910-20
      020-30
      130-40
      040+

      Full list(62 of 83)

      1. 1M+ Online (Malacca Securities)4.17
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Min deposit, USD
        0
        Leverage
        3MY
        MYR
        Yes
      2. 2AMarkets4.13
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        5
        Min deposit, USD
        100 group
        Leverage
        3000MY
        MYR
        Yes
      3. 3CIMB Securities Sdn Bhd4.08
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        6
        MYR
        Yes
      4. 4FxPro4.07
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100 group
        Leverage
        500MY
        MYR
        Yes
      5. 5BlackBull Markets4.04
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        0
        Leverage
        500MY
        MYR
        Yes
      6. 6OctaFX4.02
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        9
        Min deposit, USD
        25 group
        Leverage
        1000MY
        MYR
        Yes
      7. 7Land-FX4
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        3.35
        Min deposit, USD
        10 group
        Leverage
        2000MY
        MYR
        Yes
      8. 8FIBO Group3.92
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        50
        Leverage
        1000MY
        MYR
        Yes
      9. 9HFM3.92
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        0 group
        Leverage
        2000MY
        MYR
        Yes
      10. 10Traders Trust3.89
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        50 group
        Leverage
        3000MY
        MYR
        Yes
      11. 11Trade Nation3.88
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        0 group
        Leverage
        200MY
        MYR
        Yes
      12. 12FP Markets3.88
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        8
        Min deposit, USD
        100 group
        Leverage
        500MY
        MYR
        Yes
      13. 13LiteFinance3.88
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        5
        Min deposit, USD
        50 group
        Leverage
        1000MY
        MYR
        Yes
      14. 14Hantec Markets3.88
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        3
        Min deposit, USD
        10 group
        Leverage
        500MY
        MYR
        Yes
      15. 15Dukascopy3.87
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        8
        Min deposit, USD
        100 group
        Leverage
        200MY
        MYR
        Yes
      16. 16Admirals3.86
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        3
        Min deposit, USD
        25 group
        Leverage
        500MY
        MYR
        Yes
      17. 17ThinkMarkets3.85
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        50
        Leverage
        500MY
        MYR
        Yes
      18. 18Blueberry Markets3.84
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100 group
        Leverage
        500MY
        MYR
        Yes
      19. 19NordFX3.84
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        10 group
        Leverage
        1000MY
        MYR
        Yes
      20. 20FXChoice3.8
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100 group
        Leverage
        200MY
        MYR
        Yes
      21. 21ACY Securities3.8
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        50 group
        Leverage
        500MY
        MYR
        Yes
      22. 22FXGT3.79
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        5
        Leverage
        5000MY
        MYR
        Yes
      23. 23FXOpen3.79
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        3
        Min deposit, USD
        1 group
        Leverage
        500MY
        MYR
        Yes
      24. 24FreshForex3.77
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        10
        Leverage
        2000MY
        MYR
        Yes
      25. 25Pepperstone3.75
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        10
        Leverage
        200MY
        MYR
        Yes
      26. 26ActivTrades3.75
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        4.2
        Min deposit, USD
        0 group
        Leverage
        200MY
        MYR
        Yes
      27. 27MultiBank Group3.74
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        50 group
        Leverage
        500MY
        MYR
        Yes
      28. 28JustMarkets3.7
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        3
        Min deposit, USD
        10 group
        Leverage
        3000MY
        MYR
        Yes
      29. 29XM3.67
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        5
        Leverage
        1000MY
        MYR
        Yes
      30. 30FBS3.67
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        11
        Min deposit, USD
        5 group
        Leverage
        3000MY
        MYR
        Yes
      31. 31Tickmill3.67
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        100
        Leverage
        500MY
        MYR
        Yes
      32. 32Finvasia3.67
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        4
        Min deposit, USD
        50 group
        Leverage
        1000 groupMY
        MYR
        Yes
      33. 33Skilling3.66
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100
        Leverage
        500MY
        MYR
        Yes
      34. 34Eightcap3.63
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100
        Leverage
        500MY
        MYR
        Yes
      35. 35Global Prime3.62
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        16
        Min deposit, USD
        0 group
        Leverage
        500MY
        MYR
        Yes
      36. 36InstaForex3.62
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        2
        Min deposit, USD
        1 group
        Leverage
        1000MY
        MYR
        Yes
      37. 37Moneta Markets3.6
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        50
        Leverage
        1000MY
        MYR
        Yes
      38. 38Fusion Markets3.58
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        4.5
        Min deposit, USD
        0
        Leverage
        500MY
        MYR
        Yes
      39. 39AvaTrade3.58
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        9
        Min deposit, USD
        100 group
        Leverage
        400MY
        MYR
        Yes
      40. 40Axi3.57
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        0 group
        Leverage
        500MY
        MYR
        Yes
      41. 41XChief3.55
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        5.5
        Min deposit, USD
        10 group
        Leverage
        1000MY
        MYR
        Yes
      42. 42Weltrade3.5
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        3.1
        Min deposit, USD
        1 group
        Leverage
        2000 groupMY
        MYR
        Yes
      43. 43Fullerton Markets3.49
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        8
        Leverage
        500MY
        MYR
        Yes
      44. 44Plus5003.47
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        6
        Min deposit, USD
        100 group
        Leverage
        300MY
        MYR
        Yes
      45. 45TMGM3.46
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100 group
        Leverage
        1000MY
        MYR
        Yes
      46. 46BDSwiss3.42
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        5
        Min deposit, USD
        10 group
        Leverage
        2000MY
        MYR
        Yes
      47. 47ATFX3.41
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        100 group
        Leverage
        400 groupMY
        MYR
        Yes
      48. 48HYCM3.38
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        16
        Min deposit, USD
        100 group
        Leverage
        500MY
        MYR
        Yes
      49. 49IronFX3.37
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        10
        Min deposit, USD
        100 group
        Leverage
        2000MY
        MYR
        Yes
      50. 50Swissquote3.36
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        16
        Min deposit, USD
        1000
        Leverage
        100MY
        MYR
        Yes
      51. 51FXTM3.35
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        7
        Min deposit, USD
        10 group
        Leverage
        2000MY
        MYR
        Yes
      52. 52Ultima Markets3.2
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        5
        Min deposit, USD
        50 group
        Leverage
        2000MY
        MYR
        Yes
      53. 53XTB3.19
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        9
        Min deposit, USD
        0
        Leverage
        500MY
        MYR
        Yes
      54. 54RoboForex3.19
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        13
        Min deposit, USD
        10 group
        Leverage
        2000 groupMY
        MYR
        Yes
      55. 55Rakuten Trade3.15
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        MYR
        Yes
      56. 56Axiory2.94
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        8
        Min deposit, USD
        10 group
        Leverage
        400MY
        MYR
        Yes
      57. 57Fortrade2.33
        Onboards
        Local · SC Malaysia
        Swap-free
        none, no limit
        Round turn, USD
        30
        MYR
        Yes

      How to read the ten below

      1. 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.

      2. Check which company would onboard you.

        The same brand can take a resident of Malaysia 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.

      3. Read the cost beside the deposit.

        The median round turn across this country is 7.0 USD and the median minimum deposit 5.0 USD; a low deposit beside a wide spread takes the difference back on every trade.

      Neighbouring slices(6 rankings · 5 explainers)

      FAQ

      How many brokers qualify for this ranking in Malaysia?
      62 of 83 brokers measured for this country qualify.
      Which broker leads it, and on what basis?
      AMarkets leads it with a score of 4.13. 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 62 of 83 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(62 of 83 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.