Which brokers offer swap-free accounts on MT5?
Verdict
- Pepperstone is our pick for MT5 trading in the UAE on a standard account, but it does not offer swap-free accounts to UAE residents; for a swap-free MT5 account, look at XS, Equiti or FP Markets.
- XS applies swap-free status automatically to UAE residents on all account types on MT4 and MT5.
- Equiti's Swap Free Mini is an MT5 account with no swap or admin fees on deposits up to $25,000; FP Markets offers swap-free on MT4, MT5 and cTrader with an admin fee after a grace period.
- Capital.com offers both MT5 and swap-free accounts to UAE residents, but does not publish whether its swap-free status applies on MT5.
MT5 is the platform most expert-advisor traders want, and plenty of brokers offer it. Far fewer publish whether their swap-free terms apply on MT5 specifically, so we list only what each broker has put in writing.
Pepperstone on MT5: our pick, swap-free excluded
Both Pepperstone account types run on MT5 in the UAE. On Razor you pay a published average of 0.1 pips on EUR/USD plus $3.50 per side; on Standard, 1.1 pips with no commission. Pepperstone also adds its Smart Trader Tools to MetaTrader. For UAE residents, though, positions held overnight pay or earn swap, because the UAE is not among the 23 countries eligible for Pepperstone's swap-free account.
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Swap-free on MT5: what each broker publishes
| Broker | Swap-free on MT5? | Charges in place of swap | Accepts UAE residents? |
|---|---|---|---|
| XS | Yes, automatic | None stated; crypto after 3 days, shares from day one | Yes |
| Equiti | Yes, Swap Free Mini | None up to $25,000 deposits | Yes (UAE licence) |
| FP Markets | Yes (Raw and Standard) | Admin fee; 5 days free on selected instruments | Yes |
| Tickmill | Classic or Raw convertible | Handling fees after charge-free days | Yes |
| IC Markets | Yes (Raw and Standard) | Holding fee, e.g. $11 per lot EUR/USD after grace | Unverified |
| Capital.com | Not published for MT5 | Not published | Yes |
| Pepperstone | Not for UAE residents | Not applicable | Yes, without swap-free |
Converting an MT5 account to swap-free
- XS: nothing to do if you are a UAE resident; check the account shows swap-free after opening.
- FP Markets: email the onboarding team; the minimum opening balance is US$100.
- Capital.com: close all open trades and contact support@capital.com, then confirm in writing that the status applies to your MT5 login.
- Equiti: open the Swap Free Mini account type rather than converting an existing one.
Expert advisors on a swap-free MT5 account
If an EA holds trades for days, the replacement fee decides your cost. On XS, currencies carry no fee in place of swap under its published terms; on FP Markets, the administration fee starts after the grace period on selected instruments. Run the EA for a week on a small balance and read the statement before scaling up. Capital.com, our second-ranked broker, allows expert advisors; confirm its swap-free status on MT5 first.
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Sources
Platform and swap-free terms as each broker publishes them.
Can I get a swap-free MT5 account at Pepperstone in the UAE?
No. Pepperstone runs MT5 for UAE residents, but its swap-free account is not available in the UAE.
Does XS offer swap-free on MT5?
Yes. XS applies swap-free status automatically to UAE residents on all account types on MT4 and MT5.
What is the minimum for an FP Markets swap-free account?
A minimum opening balance of US$100, on Raw or Standard accounts across MT4, MT5 and cTrader.
Risk warning: CFDs are complex, leveraged products with a high risk of rapid losses. This article is not investment advice. Figures are broker-published and can change without notice.