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 Morocco.

Swap-free accounts offered (75 of 75)

44Yes

2On request

2No

27Not 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 (45 of 75 counts · 71 brokers onboarding Moroccan residents)

45of 75

qualify for this ranking

60% of 75

41of 45

scored on all six axes

91% of 45

71of 75

publish a price

95% of 75

43of 75

publish a leverage figure for this country

57% of 75

Top 3 (of 3 ranked)

1Grand Capital4.67highest score of the three · cheapest priced of the three · approved member, financial commission 2ThinkMarkets4.14multi-regulated broker · withdrawal in 24 h 3FreshForex4.13not verified for morocco · withdrawal in 0.166667 h

Swap-free (Islamic) accounts: what is actually waived (45 of 75)

By slice score, formula v1.0. · 45 of 71 brokers in this ranking · all 45

#	Broker	Round turn, USDMA	Min deposit, USDMA	Leverage	Withdrawal, hMA	Score	Execution	Founded	Funding
1	Grand Capital	5	10 group	2000MA	0.25	4.67	ECN/raw + standard	2006	—
2	ThinkMarkets	9.2	—	2500 groupMA	24	4.14	ECN/raw + standard	2010	3 methods · local
3	FreshForex	6	25 group	2000 groupMA	0.17	4.13	ECN/raw + standard	2004	—
4	ActivTrades	4.2	—	—stated, not verified	24	4.08	ECN/raw + standard	2001	—
5	OctaFX	9	—	1000MA	3	4.01	ECN/raw + standard	2011	4 methods
6	AMarkets	7	—	3000 groupMA	24	4.01	ECN/raw + standard	2007	—
7	Exness	9	—	—stated, not verified	0.02	3.99	ECN/raw + standard	2008	3 methods · local
8	AvaTrade	9	100 group	—stated, not verified	48	3.97	Standard	2006	3 methods · local
9	XM	7	5 group	1000MA	24	3.96	ECN/raw + standard	2009	2 methods · local
10	Capital.com	6	20 group	30MA	24	3.94	Standard	2016	2 methods · local
11	NordFX	7	—	1000MA	24	3.92	ECN/raw + standard	2008	—
12	GO Markets	6	—	500 groupMA	48	3.9	ECN/raw + standard	2006	3 methods · local
13	MultiBank Group	6	200 group	500 groupMA	48	3.89	ECN/raw + standard	2005	2 methods
14	LiteFinance	5	10 group	500MA	24	3.88	ECN/raw + standard	2005	1 methods
15	FBS	6	—	3000 groupMA	24	3.86	ECN/raw + standard	2009	3 methods · local
16	BlackBull Markets	6	0 group	500 groupMA	72	3.82	ECN/raw + standard	2014	—
17	FIBO Group	6	50	1000MA	48	3.8	ECN/raw + standard	1998	—
18	Pepperstone	7	—	400 groupMA	48	3.79	ECN/raw + standard	2010	3 methods · local
19	Dukascopy	8	—	200MA	48	3.77	ECN/raw + standard	2004	—
20	FP Markets	6	—	500 groupMA	168	3.75	ECN/raw + standard	2005	3 methods
21	Vantage	6	50 group	500MA	120	3.75	ECN/raw + standard	2009	3 methods · local
22	Doo Prime	7	—	1000 groupMA	24	3.73	ECN/raw + standard	2014	—
23	CMTrading	8	—	100MA	24	3.72	ECN/raw + standard	2012	—
24	FXGT	6	5 group	1000MA	48	3.71	ECN/raw + standard	2019	—
25	HYCM	5	20 group	500 groupMA	24	3.71	ECN/raw + standard	1977	—
26	Windsor Brokers	8	100 group	200 groupMA	24	3.66	ECN/raw + standard	1988	2 methods
27	JustMarkets	4	10 group	3000MA	48	3.64	ECN/raw + standard	2012	—
28	Axi	7	0 group	500MA	48	3.64	ECN/raw + standard	2007	2 methods
29	Amana Capital	7	—	500 groupMA	24	3.63	ECN/raw + standard	2010	—
30	Trade Nation	5	0	500 groupMA	—	3.62	Standard	2014	—
31	Milton Prime	—	300 group	500 groupMA	24	3.61	—	2015	—
32	VT Markets	6	—	—stated, not verified	72	3.58	ECN/raw + standard	2015	—
33	XChief	5.5	10 group	1000MA	120	3.55	ECN/raw + standard	2014	—
34	XTB	9	0	—stated, not verified	72	3.54	ECN/raw + standard	2002	2 methods · local
35	HFM	6	0 group	2000MA	240	3.52	ECN/raw + standard	2010	5 methods · local
36	Exinity	4	—	2000MA	72	3.42	ECN/raw + standard	2020	—
37	Moneta Markets	6	—	1000MA	72	3.42	ECN/raw + standard	2019	—
38	RoboForex	5	—	2000MA	48	3.33	ECN/raw + standard	2009	3 methods · local
39	Equiti	7	0 group	2000MA	24	3.32	ECN/raw + standard	2008	3 methods · local
40	Tickmill	6	—	500MA	24	3.3	ECN/raw + standard	2014	3 methods
41	InstaForex	—	—	5000MA	7	3.28	ECN/raw + standard	2007	—
42	FXTM	7	100 group	1000MA	24	3.27	ECN/raw + standard	2011	1 methods
43	T4Trade	18	—	500MA	24	3.21	Standard	2021	—
44	ATFX	7	500 group	500MA	72	3.19	ECN/raw + standard	2017	—
45	IronFX	18	—	30MA	240	3.13	ECN/raw + standard	2010	—

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.

Capital.com publishes a retail leverage of 1:30 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 Morocco lists every broker that qualifies, with the figure each one publishes.

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

1. Grand Capital — highest score of the three · cheapest priced of the three · approved member, financial commission (score 4.67)

Round turn: 5 USD
Withdrawal: from 15 minutes
MAD account: USD, EUR, GBP, JPY, CHF, RUB
Leverage: 2000MA
Accepts residents: through an offshore entity
Onboarding entity: Grand Capital global entity
Founded: 2006
Register: https://gftoapp.com/broker/grand-capital · 11.10.2026
Group leverage: uncleargroup
Instruments: Forex, CFDs, crypto, stocks
Platforms: MT5cTraderWebTradingView
Funding: No Morocco-local payments
Not served: United States, Seychelles, Saint Vincent and the Grenadines, Japan, Spain, Italy, France, Germany, Portugal, Denmark, Estonia, Slovenia, Greece, Malaysia, Russian Federation

Reviews25%85
Round-turn cost20%100
Payouts15%
Track record10%
Platforms50

Why it ranks here

Round turn 5 USD against the slice median 6 USD. strongest axis round-turn cost 100 of 100. total score 4.67.

Watch for

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

Full review of Grand Capital

2. ThinkMarkets — multi-regulated broker · withdrawal in 24 h (score 4.14)

Round turn: 9.2 USD
Withdrawal: 24 hours
MAD account: Not specified
Leverage: 2500 groupMA
Accepts residents: yes
Onboarding entity: Global default entity
Founded: 2010
Register: https://seriousmarkets.com/best-international-brokers-morocco/ · 02.10.2026
Group leverage: unclear
Instruments: 4,000 CFDs across markets
Platforms: MT5MT4Web
Funding: Cards bank transfer e-wallets
Not served: United States, Canada, Bermuda, European Union, Australia, United Kingdom, Russia, India, Saint Lucia, France, Belgium, Japan

Why it ranks here

Round turn 9.2 USD against the slice median 6 USD. strongest axis payouts 80 of 100. total score 4.14.

Watch for

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

Full review of ThinkMarkets

3. FreshForex — not verified for morocco · withdrawal in 0.166667 h (score 4.13)

Why it ranks here

Round turn 6 USD against the slice median 6 USD. strongest axis track record 100 of 100. total score 4.13.

Watch for

Onboards Moroccan residents through an offshore entity: no AMMC licence, no AMMC complaints route, no MAD account.

Full review of FreshForex

What the data shows(45 of 75 distributions · 71 brokers)

Swap-free availability (45 of 75 brokers)

Offered30Not offered14

Admin fee after the free period (45 of 75 swap-free)

Never16After 3–30 days9not published5

Who onboards Moroccan residents (45 of 75 brokers)

Local AMMC entity20Offshore entity24

MAD account (45 of 75 brokers)

Yes16No23not published5

Round turn, one lot, USD (71 of 75 · median 6 USD)

8<5

565-10

310-15

315-20

120+

Full list(45 of 75)

1Grand Capital4.67
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
10 group
Leverage
2000MA
MAD
Yes
2ThinkMarkets4.14
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
9.2
Leverage
2500 groupMA
MAD
Yes
3FreshForex4.13
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
25 group
Leverage
2000 groupMA
MAD
Yes
4ActivTrades4.08
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
4.2
MAD
Yes
5OctaFX4.01
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
9
Leverage
1000MA
MAD
Yes
6AMarkets4.01
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Leverage
3000 groupMA
MAD
Yes
7Exness3.99
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
9
MAD
Yes
8AvaTrade3.97
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
100 group
MAD
Yes
9XM3.96
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
5 group
Leverage
1000MA
MAD
Yes
10Capital.com3.94
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
20 group
Leverage
30MA
MAD
Yes
11NordFX3.92
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Leverage
1000MA
MAD
Yes
12GO Markets3.9
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Leverage
500 groupMA
MAD
Yes
13MultiBank Group3.89
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
200 group
Leverage
500 groupMA
MAD
Yes
14LiteFinance3.88
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
10 group
Leverage
500MA
MAD
Yes
15FBS3.86
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Leverage
3000 groupMA
MAD
Yes
16BlackBull Markets3.82
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0 group
Leverage
500 groupMA
MAD
Yes
17FIBO Group3.8
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
1000MA
MAD
Yes
18Pepperstone3.79
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Leverage
400 groupMA
MAD
Yes
19Dukascopy3.77
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
8
Leverage
200MA
MAD
Yes
20FP Markets3.75
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Leverage
500 groupMA
MAD
Yes
21Vantage3.75
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50 group
Leverage
500MA
MAD
Yes
22Doo Prime3.73
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Leverage
1000 groupMA
MAD
Yes
23CMTrading3.72
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
8
Leverage
100MA
MAD
Yes
24FXGT3.71
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
5 group
Leverage
1000MA
MAD
Yes
25HYCM3.71
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
20 group
Leverage
500 groupMA
MAD
Yes
26Windsor Brokers3.66
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
100 group
Leverage
200 groupMA
MAD
Yes
27JustMarkets3.64
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
10 group
Leverage
3000MA
MAD
Yes
28Axi3.64
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
500MA
MAD
Yes
29Amana Capital3.63
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Leverage
500 groupMA
MAD
Yes
30Trade Nation3.62
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
0
Leverage
500 groupMA
MAD
Yes
31Milton Prime3.61
Onboards
Local · AMMC
Swap-free
none, no limit
Min deposit, USD
300 group
Leverage
500 groupMA
MAD
Yes
32VT Markets3.58
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
MAD
Yes
33XChief3.55
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
5.5
Min deposit, USD
10 group
Leverage
1000MA
MAD
Yes
34XTB3.54
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
0
MAD
Yes
35HFM3.52
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0 group
Leverage
2000MA
MAD
Yes
36Exinity3.42
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
4
Leverage
2000MA
MAD
Yes
37Moneta Markets3.42
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Leverage
1000MA
MAD
Yes
38RoboForex3.33
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
5
Leverage
2000MA
MAD
Yes
39Equiti3.32
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
0 group
Leverage
2000MA
MAD
Yes
40Tickmill3.3
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
6
Leverage
500MA
MAD
Yes
41InstaForex3.28
Onboards
Local · AMMC
Swap-free
none, no limit
Leverage
5000MA
MAD
Yes
42FXTM3.27
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
1000MA
MAD
Yes
43T4Trade3.21
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
18
Leverage
500MA
MAD
Yes
44ATFX3.19
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
500 group
Leverage
500MA
MAD
Yes
45IronFX3.13
Onboards
Local · AMMC
Swap-free
none, no limit
Round turn, USD
18
Leverage
30MA
MAD
Yes

How to read the ten below

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.
Check which company would onboard you.
The same brand can take a resident of Morocco 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.
Read the cost beside the deposit.
The median round turn across this country is 6.0 USD and the median minimum deposit 50.0 USD; a low deposit beside a wide spread takes the difference back on every trade.

Neighbouring slices(6 rankings · 3 explainers)

Same country

Explained

FAQ

How many brokers qualify for this ranking in Morocco?: 45 of 75 brokers measured for this country qualify.
Which broker leads it, and on what basis?: Grand Capital leads it with a score of 4.67. 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 6.0 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 45 of 75 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(45 of 75 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.