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 Colombia.

Swap-free accounts offered (56 of 56)

26Yes

4On request

15No

11Not 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 (28 of 56 counts · 53 brokers onboarding Colombian residents)

28of 56

qualify for this ranking

50% of 56

26of 28

scored on all six axes

93% of 28

40of 56

publish a price

71% of 56

37of 56

publish a leverage figure for this country

66% of 56

Top 3 (of 3 ranked)

1Fusion Markets4.13highest score of the three · cheapest priced of the three · offshore (vfsc/seychelles) for colombian 2FBS4.08offshore only; no local sfc licence, no · withdrawal in 0.25 h 3Pepperstone3.94offshore (scb bahamas); no local colombi · withdrawal in 24 h

Swap-free (Islamic) accounts: what is actually waived (28 of 56)

By slice score, formula v1.0. · 28 of 53 brokers in this ranking · all 28

#	Broker	Round turn, USDCO	Min deposit, USDCO	Leverage	Withdrawal, hCO	Score	Execution	Founded	Funding
1	Fusion Markets	4.5	0	500CO	1	4.13	ECN/raw + standard	2017	6 methods
2	FBS	6	5 group	3000CO	0.25	4.08	ECN/raw + standard	2009	3 methods
3	Pepperstone	7	—	200CO	24	3.94	ECN/raw + standard	2010	5 methods
4	FP Markets	6	100 group	500CO	72	3.94	ECN/raw + standard	2005	3 methods
5	Vantage	6	50	500CO	72	3.93	ECN/raw + standard	2009	4 methods · local
6	BlackBull Markets	6	0	500CO	72	3.92	ECN/raw + standard	2014	5 methods
7	Capital.com	6.5	20	200CO	24	3.91	Standard	2016	3 methods
8	ThinkMarkets	7	50	500CO	24	3.9	ECN/raw + standard	1999	4 methods
9	Plus500	6	100 group	300CO	72	3.89	Standard	2008	5 methods
10	JustMarkets	6	10 group	3000CO	1	3.85	ECN/raw + standard	2012	4 methods
11	ActivTrades	4.2	0 group	200CO	24	3.84	ECN/raw + standard	2001	4 methods
12	Axi	7	5 group	500 groupCO	48	3.81	ECN/raw + standard	2007	4 methods
13	TMGM	7	100 group	1000CO	24	3.77	ECN/raw + standard	2013	6 methods
14	Admirals	6	25	500CO	24	3.75	ECN/raw + standard	2001	4 methods
15	HFM	12	5 group	2000CO	24	3.74	Standard	2010	3 methods
16	Moneta Markets	4	50	1000CO	24	3.73	ECN/raw + standard	2019	5 methods
17	HYCM	5	100 group	500CO	24	3.71	ECN/raw + standard	1977	4 methods
18	Dukascopy	8	100 group	200CO	48	3.7	ECN/raw + standard	2004	—
19	LiteFinance	—	50 group	500CO	24	3.68	ECN/raw + standard	2005	3 methods
20	FXCM	11	50 group	400 groupCO	48	3.67	ECN/raw + standard	1999	1 methods
21	FXGT	6	5 group	5000CO	72	3.64	ECN/raw + standard	2019	4 methods
22	Eightcap	7	100 group	500CO	120	3.54	ECN/raw + standard	2009	5 methods
23	XM	7	5 group	1000CO	120	3.49	ECN/raw + standard	2009	4 methods
24	AvaTrade	—	100 group	400CO	24	3.48	—	2006	4 methods
25	Trade Nation	5	0	200CO	120	3.44	Standard	2014	3 methods
26	RoboForex	4	10 group	2000CO	24	3.42	ECN/raw + standard	2009	4 methods · local
27	XTB	9	0	500CO	72	3.25	ECN/raw + standard	2002	3 methods
28	BDSwiss	10	10 group	2000CO	24	3.21	ECN/raw + standard	2012	3 methods

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 Colombia lists every broker that qualifies, with the figure each one publishes.

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

1. Fusion Markets — highest score of the three · cheapest priced of the three · offshore (vfsc/seychelles) for colombian (score 4.13)

Round turn: 4.5 USD
Withdrawal: under an hour for 85% of withdrawals
COP account: No COP base-currency account; accounts in USD, AUD, EUR, GBP, JPY, CHF, CAD, NZD, SGD, HKD, so peso deposits incur conversion.
Leverage: 500CO
Licence: SFC SD096
Accepts residents: through an offshore entity
Onboarding entity: Colombian retail clients are onboarded under the offshore arms Gleneagle Securities Pty Limited (Vanuatu VFSC) and/or Fusion Markets International Ltd (Seychelles FSA).
Founded: 2017
Register: https://fusionmarkets.com/About-us/Regulations · 09.07.2026
Group leverage: uncleargroup
Instruments: 250+ instruments: 90+ forex pairs, metals, commodities, indices, share CFDs and crypto CFDs.
Platforms: MT5cTraderWebTradingView
Funding: Bank wire, Visa/Mastercard, Skrill, Neteller, PayPal and crypto (BTC/USDT); no verified Colombia-specific local rail.
Not served: United States, US territories, Afghanistan, Congo, Iran, Iraq, Japan, Myanmar, New Zealand, North Korea, Ontario (Canada), Palestine, Russia, Spain, Somalia, Sudan, Syria, Ukraine, Yemen

Reviews25%90
Round-turn cost20%100
Safety10
Payouts15%99
Track record10%45
Platforms70

Why it ranks here

Round turn 4.5 USD against the slice median 6 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 Fusion Markets

2. FBS — offshore only; no local sfc licence, no · withdrawal in 0.25 h (score 4.08)

Round turn: 6 USD
Withdrawal: 15 minutes to 24 hours
COP account: USD or EUR; no COP accounts verified.
Leverage: 3000CO
Accepts residents: through an offshore entity
Onboarding entity: FBS Markets Inc
Founded: 2009
Register: https://fbs.com · 09.07.2026
Group leverage: offshore
Instruments: FX pairs, metals, indices, energies, stocks, crypto CFDs.
Platforms: MT5MT4Web
Funding: Cards, wire, Skrill/Neteller; local COP rails not verified at review.
Not served: United States, European Union countries, United Kingdom, Myanmar, Israel, Iran

Why it ranks here

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

Watch for

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

Full review of FBS

3. Pepperstone — offshore (scb bahamas); no local colombi · withdrawal in 24 h (score 3.94)

Why it ranks here

Round turn 7 USD against the slice median 6 USD. strongest axis round-turn cost 90 of 100. total score 3.94.

Watch for

Onboards Colombian residents through an offshore entity: no SFC licence, no SFC complaints route, no COP account.

Full review of Pepperstone

What the data shows(28 of 56 distributions · 53 brokers)

Swap-free availability (28 of 56 brokers)

Offered30Not offered14

Admin fee after the free period (28 of 56 swap-free)

Never16After 3–30 days9not published5

Who onboards Colombian residents (28 of 56 brokers)

Local SFC entity20Offshore entity24

COP account (28 of 56 brokers)

Yes16No23not published5

Round turn, one lot, USD (40 of 56 · median 6 USD)

7<5

275-10

510-15

115-20

020+

Full list(28 of 56)

1Fusion Markets4.13
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
4.5
Min deposit, USD
0
Leverage
500CO
COP
Yes
2FBS4.08
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
5 group
Leverage
3000CO
COP
Yes
3Pepperstone3.94
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
7
Leverage
200CO
COP
Yes
4FP Markets3.94
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
100 group
Leverage
500CO
COP
Yes
5Vantage3.93
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50
Leverage
500CO
COP
Yes
6BlackBull Markets3.92
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0
Leverage
500CO
COP
Yes
7Capital.com3.91
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
6.5
Min deposit, USD
20
Leverage
200CO
COP
Yes
8ThinkMarkets3.9
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50
Leverage
500CO
COP
Yes
9Plus5003.89
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
100 group
Leverage
300CO
COP
Yes
10JustMarkets3.85
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
10 group
Leverage
3000CO
COP
Yes
11ActivTrades3.84
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
4.2
Min deposit, USD
0 group
Leverage
200CO
COP
Yes
12Axi3.81
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
5 group
Leverage
500 groupCO
COP
Yes
13TMGM3.77
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
1000CO
COP
Yes
14Admirals3.75
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
25
Leverage
500CO
COP
Yes
15HFM3.74
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
12
Min deposit, USD
5 group
Leverage
2000CO
COP
Yes
16Moneta Markets3.73
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
50
Leverage
1000CO
COP
Yes
17HYCM3.71
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
100 group
Leverage
500CO
COP
Yes
18Dukascopy3.7
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
100 group
Leverage
200CO
COP
Yes
19LiteFinance3.68
Onboards
Local · SFC
Swap-free
none, no limit
Min deposit, USD
50 group
Leverage
500CO
COP
Yes
20FXCM3.67
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
11
Min deposit, USD
50 group
Leverage
400 groupCO
COP
Yes
21FXGT3.64
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
5 group
Leverage
5000CO
COP
Yes
22Eightcap3.54
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100 group
Leverage
500CO
COP
Yes
23XM3.49
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
5 group
Leverage
1000CO
COP
Yes
24AvaTrade3.48
Onboards
Local · SFC
Swap-free
none, no limit
Min deposit, USD
100 group
Leverage
400CO
COP
Yes
25Trade Nation3.44
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
0
Leverage
200CO
COP
Yes
26RoboForex3.42
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
4
Min deposit, USD
10 group
Leverage
2000CO
COP
Yes
27XTB3.25
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
0
Leverage
500CO
COP
Yes
28BDSwiss3.21
Onboards
Local · SFC
Swap-free
none, no limit
Round turn, USD
10
Min deposit, USD
10 group
Leverage
2000CO
COP
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 Colombia 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 25.0 USD; a low deposit beside a wide spread takes the difference back on every trade.

Neighbouring slices(6 rankings · 5 explainers)

Same country

Explained

FAQ

How many brokers qualify for this ranking in Colombia?: 28 of 56 brokers measured for this country qualify.
Which broker leads it, and on what basis?: Fusion Markets 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 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 28 of 56 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(28 of 56 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.