Prop Firm Swap-Free Accounts 2026: Which Firms Let You Trade Without Interest

You hold a trade overnight. You wake up. Your account is a little smaller — not because the market moved, but because of a fee called a swap. Prop firm swap-free accounts remove that fee completely.

A swap is the overnight interest a firm charges (or pays) when you keep a position open past the daily rollover. For a day trader who closes everything before bed, it barely matters. For a swing trader who holds for days or weeks, it adds up fast. And for Muslim traders, it matters for a different reason: paying interest conflicts with Islamic finance rules.

This guide compares the 2026 swap-free rules of all 8 prop firms on Propiffy. You will learn which firms charge no overnight interest at all, which ones sell swap-free as an add-on, and the five traps that turn a "swap-free" account into a costly one.

Key Takeaways

• A swap is overnight interest on an open trade. Swap-free accounts remove it — but they are not always free. Some firms replace it with higher commissions, wider spreads, or a fixed admin fee.
• FTM is the simplest offer in this guide: every account is swap-free at no extra charge, according to the firm's own September 2026 programme specification.
• FundingPips sells swap-free as a purchase add-on, but only for Forex and Metals. Indices, energies, and crypto still carry swaps even with the add-on active.
• Two firms in this guide have conflicting public sources — FXIFY and Blueberry Funded. One source says they offer swap-free, another says they do not. Confirm in writing with support before you buy.
• Atmos Funded charges swaps on all accounts, and FundedSquad has no published swap-free offer. If swap-free is a must for you, skip both.

What Is a Swap Fee?

When you trade Forex, you are really trading two currencies at once. Each currency has its own interest rate, set by its central bank. When you hold a position overnight, your broker adjusts your account for the difference between those two rates. That adjustment is the swap.

If you buy a currency with a high interest rate and sell one with a low rate, the swap can be positive — you earn a little. Most of the time, for most traders, it is negative — you pay a little every night.

Three facts make swaps painful for swing traders:

1. The Wednesday triple swap

Most brokers charge three days of swap on Wednesday night, to cover the weekend. One Wednesday can cost more than the rest of the week combined.

2. Swaps grow with time and size

A small nightly charge on a big position, held for three weeks, becomes a real number. It eats into profit and, worse, it eats into your drawdown room on a funded account.

3. Swaps are not the same on every instrument

Forex pairs have the best-known swap rates. Gold, oil, indices, and crypto often carry much larger overnight charges — and many "swap-free" deals quietly exclude them.

A swap-free account, sometimes called an Islamic account, removes the interest charge. But firms still have to cover their own overnight costs somehow. That is why swap-free deals come in different shapes — free, paid add-on, or limited to certain instruments — and why the fine print matters more than the headline.

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Prop Firm Swap-Free Accounts: The 8-Firm Comparison

Read the firm-by-firm section before you buy. The table alone hides grace periods, excluded instruments, and replacement fees.

FTM: Swap-Free on Every Account, Free

FTM has the cleanest swap-free offer of any firm in this guide. According to the firm's consolidated programme specification, published in September 2026, "all accounts are swap-free at no extra charge."

That covers all three programme families — 1-Step Nitro, 2-Step Plus, and Instant Funding — and all 76 instruments, from Forex pairs to metals, energies, indices, and crypto. There is no add-on to buy, no request to file, and no grace period after which charges restart.

For a swing trader, this is the lowest-friction option. For a Muslim trader, it is also the simplest: there is nothing to apply for and nothing that can be forgotten at checkout. FTM also allows news trading and weekend holding on all programmes, so a swap-free swing strategy is not blocked by other rules.

The trade-off is the commission: $7 per lot on Forex, metals, and energies (indices and crypto are commission-free). That is a normal, published cost — not a hidden swap replacement — and it applies whether you hold overnight or not.

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FundingPips: Swap-Free Add-On for Forex and Metals Only

FundingPips offers a Swap-Free add-on that you select at purchase. It is designed for traders who follow Islamic finance rules, and it removes overnight swap charges on eligible instruments.

The key word is "eligible." The add-on covers Forex and Metals only. Energies, indices, and crypto still carry standard swap charges even with the add-on active. If your strategy trades US30 or Bitcoin overnight, this add-on does not help you.

The add-on is available on MT5, cTrader, and Match-Trader. It is not free: independent comparisons report a higher commission of $10 per lot on swap-free accounts, against the standard commission on normal accounts. That is the firm's replacement for the interest it no longer collects — fair, but it means your day trades cost more too, not just your overnight holds.

One more limit: on FundingPips Zero accounts, weekend holding is banned outright. A swap-free add-on does not change that. If you want to hold over the weekend, pick a different FundingPips model.

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Pipstone: No Swaps, Including on Instant Accounts

Pipstone takes a quiet but strong position: overnight and weekend holding come with no swap charges, and Instant accounts are explicitly swap-free.

That matters because instant funding is usually where swap-free deals disappear. Many firms offer swap-free only on evaluation challenges. Pipstone's Instant accounts — the ones with no evaluation at all — carry the same no-swap treatment.

Pipstone also has no consistency rule, no time limit, and static drawdowns, which makes it a friendly home for swing traders in general. Its advertised payout speed — an 8-hour average — is among the fastest in our fastest prop firm payouts comparison.

The cautions are the usual ones for a young firm: Pipstone was founded in 2025, so its payout track record is shorter than older firms, and its base split is 80% (100% needs a paid add-on). Start small, complete one full payout cycle, and then scale.

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WeMasterTrade: Small Extra Fee for Fully Swap-Free Trading

WeMasterTrade's own site puts it plainly: standard Challenge accounts carry low swap fees, and "you can pay a small additional fee to enjoy completely swap-free trading."

That is an honest, middle-of-the-road deal. The standard account is already cheap to hold overnight, and the upgrade removes the remaining charge. The exact fee is not published on the public pricing page — you see it at checkout — so confirm the amount before you pay.

WeMasterTrade is also one of the most flexible firms in this guide for swing traders: news trading is allowed, weekend holding is allowed, and the Challenge package pays a 30% reward share as early as Phase 2. If you want swap-free plus a low entry price (Challenge accounts start from $38.50 with code PROPI), this is a strong pick.

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FXIFY: Conflicting Reports — Confirm Before You Buy

FXIFY is the hardest firm in this guide to report on, because public sources disagree.

One 2026 swap-free directory lists FXIFY among the firms that do NOT offer swap-free accounts. A different 2026 review, focused on Malaysian traders, reports the opposite: a "true swap-free setup available on both evaluation and funded phases upon request," with raw spreads and a static drawdown model.

Both cannot be right at the same time — or the firm's policy changed between the two checks. What is certain is that FXIFY is otherwise a strong swing-trading firm: news trading and weekend holding are allowed on most programmes, EAs are allowed, and payouts are on demand. The only programme family with hard restrictions is Instant Lite, which bans EAs, copy trading, news, and weekend holding.

Our advice: if you want FXIFY and you need swap-free, email FXIFY support before you buy, ask for the swap-free terms in writing, and keep the reply. Do not rely on a review — including this one — for a rule that two sources report differently.

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Blueberry Funded: Conflicting Reports — Confirm Before You Buy

Blueberry Funded has the same problem as FXIFY: two public sources point in opposite directions.

One directory lists Blueberry Funded among firms that do not offer swap-free accounts. Another 2026 review reports a "seamless swap-free option provided through parent broker Blueberry Markets," with a grace period on major currencies and commodities for swing traders.

The parent-broker link makes the second report plausible — Blueberry Markets is a regulated broker that does offer Islamic accounts — but plausible is not confirmed. Until Blueberry Funded publishes the option on its own site, treat it as unconfirmed.

What is confirmed about Blueberry: it is a strong firm for swing traders in other ways. Its standard split is 80%, rising to 85% on Flex and 90% through scaling, and its starting price is $19. If swap-free is confirmed for you, it becomes a very good option. If it is not, FTM and Pipstone are the safer picks.

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Atmos Funded: Swaps Apply on Every Account

Atmos Funded is the clearest "no" in this guide. Its own FAQ answers the question directly: yes, swap fees apply for positions held overnight on all Atmos Funded accounts.

That does not make Atmos a bad firm — it allows overnight and weekend holding, and its rules are published in unusual detail — but it does make it the wrong firm for two kinds of trader: anyone who trades under Islamic finance rules, and any swing trader whose strategy depends on holding for weeks.

If you already trade with Atmos and hold overnight, check the swap rates for your symbols inside MT5 before you scale up. Wide financing differentials on exotic pairs and indices are where the cost hides.

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FundedSquad: No Published Swap-Free Offer

FundedSquad has no published swap-free offer that we could find. One 2026 directory lists it among firms that do not offer swap-free accounts, and the firm's own public pages do not advertise one.

That is not the same as a confirmed "no" — firms add features quietly — but a trader who needs swap-free should not buy FundedSquad on hope. Email support first, and if the answer is not in writing, pick a firm from the top of this guide instead.

FundedSquad is otherwise a fast-payout firm with a 12-hour payout guarantee, so it is worth watching if it adds a swap-free option later.

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Swap-Free Is Not Always Free: How Firms Replace the Interest

A firm that stops collecting swaps still pays overnight costs to its own liquidity providers. It has to recover that money somehow. Here are the four replacement models you will meet:

1. Higher commission

FundingPips charges a higher per-lot commission on swap-free accounts. Simple and honest — but it raises the cost of every trade, including day trades that never stay overnight.

2. Wider spreads

Some brokers add a small mark-up to the spread on swap-free accounts. You pay it up front on every trade, instead of nightly. It is hard to spot unless you compare the same symbol on both account types.

3. Fixed admin fee after a grace period

The most common Islamic-account model in retail brokers: your position is free for a set number of days, then a flat nightly admin fee starts. The fee is fixed, not interest-based — but it is still a nightly cost, and long holds get expensive.

4. Free, built into the model

FTM and Pipstone simply do not charge. Their costs are covered by the challenge fees and the standard commissions every trader pays. This is the best deal for the trader, and the reason both firms lead this guide.

The lesson: never compare "swap-free" labels. Compare the total cost of your actual trading pattern — your instruments, your hold times, your lot sizes.

5 Traps to Check Before You Buy

Trap 1: Your instruments are excluded

FundingPips covers Forex and Metals only. If you trade indices or crypto overnight, the add-on does nothing for those positions. Always check the instrument list, not just the headline.

Trap 2: The grace period ends

Some swap-free deals are free for 5, 7, or 10 days, then switch to a nightly admin fee. If you hold for three weeks, the last two weeks are not free. Ask how long the free period lasts.

Trap 3: You must request it before trading

Several firms only grant swap-free status if you ask before your first trade. Ask after you have traded, and the answer is often no. Request it at purchase, and get it confirmed in writing.

Trap 4: Instant accounts are excluded

Many firms offer swap-free on evaluation challenges but not on instant funding. Pipstone is the exception in this guide. If you want instant funding without swaps, verify that exact combination.

Trap 5: The add-on is forgotten at checkout

Swap-free is usually an add-on or a checkbox, not the default. If you rush through checkout — especially with a discount code applied — it is easy to miss. Review the order summary line by line before you pay.

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Who Should Pick Which Firm?

• You want zero effort and zero extra cost: FTM. Every account is swap-free, free, with no request and no excluded instruments.
• You trade Forex and Metals and trust FundingPips: FundingPips with the Swap-Free add-on. Accept the higher commission and the Forex-and-Metals limit.
• You want instant funding without swaps: Pipstone. Instant accounts are swap-free, and there is no consistency rule to trip over.
• You want a low entry price with a swap-free upgrade: WeMasterTrade. Confirm the upgrade fee at checkout.
• You want FXIFY or Blueberry Funded: email support first and get the swap-free terms in writing. Public sources conflict, so a review is not enough.
• You already trade with Atmos or FundedSquad: do not assume a swap-free option exists. Check your MT5 swap rates, or move your swing strategy to a firm above.

Frequently Asked Questions

What is a swap-free prop firm account?

A swap-free account removes the overnight interest charge on open positions. Instead of paying a nightly swap based on central bank rate differences, you pay nothing overnight — or a replacement cost the firm discloses, such as a higher commission or a fixed admin fee. It suits swing traders and traders who follow Islamic finance rules.

Is a swap-free account the same as an Islamic account?

Mostly, yes. Firms use both names for the same idea: no interest charged overnight. But not every swap-free account is certified or marketed as Islamic. If religious compliance matters to you, ask the firm whether its swap-free terms are designed for Islamic finance, and keep the answer in writing.

Does swap-free mean my trading is completely free overnight?

No. Swap-free removes the interest charge, not every cost. Spreads and commissions still apply on every trade, and some firms add a fixed admin fee after a grace period of free nights. Always ask what replaces the swap, and for how many nights the free period lasts.

Which prop firm is best for swap-free swing trading?

FTM is the simplest answer: all accounts are swap-free at no extra charge, on all instruments, with weekend holding allowed. Pipstone is the best instant-funding alternative, since its Instant accounts are swap-free too. FundingPips works if you trade only Forex and Metals and accept the add-on commission.

Can I switch an existing account to swap-free?

Usually not. Most firms grant swap-free status at purchase or before your first trade, and refuse to change an account that has already traded. If you already hold an account, ask support — but expect to buy a new challenge with the swap-free option selected.

Do swap-free accounts have worse spreads or execution?

Not necessarily. FTM and Pipstone publish the same spreads and commissions for swap-free and standard accounts. Firms that use wider spreads or higher commissions to replace swaps disclose it as part of the deal. Compare the same symbol on both account types before you decide.

Final Verdict

Swap-free is a simple idea with messy details. The firms that do it best — FTM and Pipstone — do it quietly: no add-on, no request, no excluded instruments, no surprise fee after a grace period. The firms that sell it as an add-on — FundingPips and WeMasterTrade — are honest about the trade, but you pay for it in commission or an extra fee. And two firms in this guide — FXIFY and Blueberry Funded — cannot be reported with confidence either way, because public sources disagree.

If swap-free is a must for you, the safe move is simple: pick FTM or Pipstone, or get the terms in writing from anyone else before you pay. A screenshot of a support reply costs you two minutes. A wrong assumption costs you a challenge fee — and weeks of overnight charges.

Check the discount codes before checkout, and start with the smallest account size that fits your strategy. Prove the swap-free terms on a real account first, then scale.