Best Islamic (Swap-Free) Forex Brokers in Hungary

Last updated September 2, 2026

The top regulated brokers offering Islamic (Swap-Free) accounts to Hungary traders — compared on spreads, fees, regulators, and minimum deposit.

How We Ranked

Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.

Regulated brokersLow spreadsFast withdrawals
BrokerAnalysis Research Desk

Written by

BrokerAnalysis Research Desk

BrokerAnalysis Editorial Team

Fact Checked by

BrokerAnalysis Editorial Team

Top Shortlist for Hungary

#1
HYCM
HYCM
Review
#2
FXTM
FXTM
Review
#3
XM
XM
Review
Full Comparison
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Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.

Last reviewed:
By:BrokerAnalysis Research Desk
Fact-checked by:BrokerAnalysis Editorial Team
Last verified: Sep 2026

Our 2 top picks for Islamic (Swap-Free) in Hungary

We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.

#1 · Best for Islamic (Swap-Free) in Hungary
HYCM

HYCM

Offers Islamic (Swap-Free)
Min. deposit Ft100
  • Offers Islamic (Swap-Free)
  • Regulated: FCA, CySEC, CIMA
  • Minimum deposit Ft100
FCA, CySEC, CIMA
#2 · Best alternative
FXTM

FXTM

Offers Islamic (Swap-Free)
Min. deposit Ft10
  • Offers Islamic (Swap-Free)
  • Regulated: FCA, CySEC, FSCA
  • Minimum deposit Ft10
FCA, CySEC, FSCA

Why these two

Both brokers here are confirmed to offer Islamic (Swap-Free) for Hungary traders — this list only includes brokers we've verified have this specific feature, not every broker that's generally popular in Hungary.

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.

What do Islamic (Swap-Free) brokers actually cost Hungary traders?

Across the 8 Islamic (Swap-Free) brokers available to Hungary traders on this page, the median researched EUR/USD spread is 0.7 pips, ranging from 0.0 to 1.2 pips, with 8 of those figures taken from the broker's own published specification.

Islamic (Swap-Free) brokers for Hungary traders

Islamic forex accounts eliminate overnight swap/interest charges, making them compliant with Sharia law for Hungary traders who follow Islamic finance principles. Our current ranking starts with HYCM where it is available, followed by FXTM, XM, and Axi. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. This guide ranks 8 brokers for Hungary traders. The median minimum deposit across the listed brokers is $5 — low — most traders can start with a modest balance. Local oversight for Hungary traders sits with MNB, CySEC, FCA. Retail forex and CFD access in Hungary is shaped by local oversight and international broker rules. Verify onboarding eligibility before funding. Oversight relevant to traders in Hungary sits with MNB, CySEC, FCA. Brokers licensed in the EU or UK cap retail leverage at 30:1 on major FX pairs under ESMA/FCA product-intervention rules, so the headline leverage a broker advertises offshore is not what a locally regulated entity will give you.

Country Offers

Available offers for Hungary traders

Verified broker incentives that may be available in this market. We keep these below the core safety and pricing checks so the shortlist still feels editorial-first.

Browse All Promotions

Axi

ASIC (Australia)
VIP / Volume

Axi Select Funded Path to $1M

Trade with Axi funds up to $1M through Axi Select. No registration or monthly fees.

Verified Jun 15, 2026

FXTM

FCA (UK)
Welcome Bonus

$500 Welcome Bonus Reward Points

Use code HELLOFXTM on first deposits to unlock up to $500 in reward points after trading targets.

Verified Jun 15, 2026

HFM

FCA (UK)
Deposit Match

100% Supercharged Bonus + Daily Rebates

100% SuperCharged bonus credit plus daily rebates on qualifying Forex and Gold volume.

Verified Jun 15, 2026
Free guide for

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Key Features for Hungarian Traders

8 brokers · how we rank

Compare essential features of forex brokers accepting Hungarian clients with EUR accounts.

BrokerWithdrawalFX commissionTime to open accountUSDJPY spreadRegulation & fundingAction
1.4Ft1001-2 business daysNone1 day1.5
No tier-1 licence listed
1.3Ft1024 hoursVariableMinutes1.4
No tier-1 licence listed
0.6Ft524 hoursNoneMinutes0.7
No tier-1 licence listed
1.0Ft01-2 business daysNoneSame day1.1
No tier-1 licence listed
0.1Ft01 business dayFt3.00/lotSame day0.1
No tier-1 licence listed
0.9Ft1001-2 business daysNoneSame day0.9
No tier-1 licence listed
1.2Ft524 hoursNoneMinutes1.1
No tier-1 licence listed
0.5 pips (Standard)$51 business day$0 (Spread only on most products)
No tier-1 licence listed
Rank 01 · best overall
HYCM
Spread
1.4
Min dep.
Ft100
Withdrawal
1-2 business days
FX commission
None
Time to open account
1 day
USDJPY spread
1.5
Visit HYCM Read review
Rank 02
FXTM
Spread
1.3
Min dep.
Ft10
Withdrawal
24 hours
FX commission
Variable
Time to open account
Minutes
USDJPY spread
1.4
Visit FXTM Read review
Rank 03
XM
Spread
0.6
Min dep.
Ft5
Withdrawal
24 hours
FX commission
None
Time to open account
Minutes
USDJPY spread
0.7
Visit XM Read review
Rank 04
Axi
Spread
1.0
Min dep.
Ft0
Withdrawal
1-2 business days
FX commission
None
Time to open account
Same day
USDJPY spread
1.1
Visit Axi Read review
Rank 06
AvaTrade
Spread
0.9
Min dep.
Ft100
Withdrawal
1-2 business days
FX commission
None
Time to open account
Same day
USDJPY spread
0.9
Visit AvaTrade Read review
Rank 07
HFM
Spread
1.2
Min dep.
Ft5
Withdrawal
24 hours
FX commission
None
Time to open account
Minutes
USDJPY spread
1.1
Visit HFM Read review
Rank 08
Deriv
Spread
0.5 pips (Standard)
Min dep.
$5
Withdrawal
1 business day
FX commission
$0 (Spread only on most products)
Time to open account
USDJPY spread
Visit Deriv Read review

We earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.

In-Depth Broker Analysis

Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.

HYCM logo
Our Rating
4.5/5.0
Best ForOver 40 years of group experience.
Min DepositFt100

HYCM Review Summary

HYCM brings decades of stability to the table, offering a secure trading environment with access to a wide range of global markets.

Pros
  • Regulation varies by entity
  • Minimum deposit: Ft100
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Average — compare account types before opening
FXTM logo
Our Rating
4.5/5.0
Best ForSuperior education and automated investment.
Min DepositFt10

FXTM Review Summary

FXTM is perfect for beginners and investors, offering top-tier educational resources and the popular FXTM Invest copy trading program.

Pros
  • Regulation varies by entity
  • Minimum deposit: Ft10
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Average — compare account types before opening
XM logo
Our Rating
4.5/5.0
Best ForTrusted global broker with excellent education.
Min DepositFt5

XM Review Summary

XM is a household name in forex, renowned for its low entry barrier (Ft5 deposit), extensive educational resources, and solid execution.

Pros
  • Regulation varies by entity
  • Minimum deposit: Ft5
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Average — compare account types before opening
Axi logo
Our Rating
4.5/5.0
Best ForThe broker for traders, by traders.
Min DepositFt0

Axi Review Summary

Axi focuses on delivering a seamless MetaTrader 4 experience with competitive pricing and a strong reputation for reliability.

Pros
  • Regulation varies by entity
  • Minimum deposit: Ft0
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Low — compare account types before opening
BlackBull Markets logo
Our Rating
4.5/5.0
Best ForInstitutional-grade execution with zero pips.
Min DepositFt0

BlackBull Markets Review Summary

BlackBull Markets takes the #1 spot for 2026 with its exceptional ECN execution, no minimum deposit, and high leverage options. Perfect for both scalpers and long-term traders.

Pros
  • Regulation varies by entity
  • Minimum deposit: Ft0
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Low — compare account types before opening
AvaTrade logo
Our Rating
4.5/5.0
Best ForTrade with confidence on a highly regulated platform.
Min DepositFt100

AvaTrade Review Summary

AvaTrade provides peace of mind with regulations across 6 jurisdictions and offers fixed spreads that simplify trading costs.

Pros
  • Regulation varies by entity
  • Minimum deposit: Ft100
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Fixed — compare account types before opening
HFM logo
Our Rating
4.5/5.0
Best ForAward-winning multi-asset trading platform.
Min DepositFt5

HFM Review Summary

HFM offers diverse account types to suit every strategy, backed by a solid regulatory framework and excellent local support.

Pros
  • Regulation varies by entity
  • Minimum deposit: Ft5
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Low — compare account types before opening
Deriv logo
Our Rating
4.5/5.0
Best ForBest for synthetic indices traders & digital options users.
Min Deposit$5

Deriv Review Summary

Deriv is a multi-regulated broker with DTrader, DBot, Deriv MT5, Deriv X, SmartTrader access, 0.5 pips (Standard) on EUR/USD, and $5 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Regulation varies by entity
  • Minimum deposit: $5
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Competitive spread structure — compare account types before opening

Frequently Asked Questions About Islamic (Swap-Free) Forex Brokers in Hungary

Frequently Asked Questions

All brokers listed on this page offer swap-free Islamic accounts available to Hungary traders. Each account has been verified for genuine Sharia compliance — no hidden administration fees or time-limited swap-free periods.
The brokers on this page offer genuinely swap-free accounts. We checked for hidden fees: some brokers charge 'administration fees' after 3+ days that effectively replicate swaps. Brokers with such workarounds were excluded or flagged.
Some Islamic accounts carry slightly wider spreads (0.1-0.3 pips more) to compensate for the absence of swap revenue. However, several brokers on this page offer the same spreads on Islamic accounts as standard accounts. Check the comparison table above.
Policies vary by broker. Some restrict Islamic accounts to Muslim traders (requiring a declaration of faith), while others offer swap-free accounts to all traders. Check each broker's terms — we note restrictions where they apply.
Scholarly opinion varies. Many Islamic scholars consider spot forex trading halal when conducted through a swap-free account, provided it is not purely speculative gambling. Consult a qualified Islamic finance scholar for personal guidance.
Most Islamic accounts cover all forex pairs, major indices, and commodities (including gold). Some brokers limit Islamic swap-free status to forex only, excluding crypto or exotic instruments. Availability is noted in the table above.
Forex trading in Hungary: Retail forex and CFD access in Hungary is shaped by local oversight and international broker rules. Verify onboarding eligibility before funding. The market is overseen by MNB, CySEC, FCA. Verify your own eligibility with the broker before funding an account — rules can change and we date-stamp this page when they do.

Sources & References

  1. XM
  2. AvaTrade
  3. HFM
  4. FXTM
  5. Axi
  6. BlackBull Markets

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Not Financial Advice:

Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.

Affiliate Disclosure:

BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.

Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.

How we measured this — Islamic (Swap-Free) brokers for Hungary traders

Across the 8 Islamic (Swap-Free) brokers available to Hungary traders on this page, the median researched EUR/USD spread is 0.7 pips, ranging from 0.0 to 1.2 pips, with 8 of those figures taken from the broker's own published specification.

median researched EUR/USD spread
0.7 pips
Brokers measured
8
Linked to broker spec
8 of 8
Data as of
2026-09-02

Figures compiled by BrokerAnalysis from each broker's own published specification where available, otherwise from our broker catalogue. Per-broker spreads, minimum deposits and regulators are listed in the comparison table on this page. Spreads are typical, not guaranteed, and change with market conditions.

Sources: xm.com · avatrade.com · hfm.com · fxtm.com · axi.com · blackbull.com · hycm.com · www2.deriv.me

What changes locally

  • Oversight relevant to traders in Hungary sits with MNB, CySEC, FCA.
  • Brokers licensed in the EU or UK cap retail leverage at 30:1 on major FX pairs under ESMA/FCA product-intervention rules, so the headline leverage a broker advertises offshore is not what a locally regulated entity will give you.