Brokers Providing Islamic Account
Trading forex is commonly asked by Muslims whether it is Halal. According to Islamic (Sharia) law, Muslims are prohibited to earn interest in their giving. To overcome this problem, there has been lots of broker offering "interest-free" or "No Riba" account. By using Islamic accounts, traders are possible to trade according to Sharia law, where interest-free Forex trading is specially made by brokers.
Below you will find a list of Forex Brokers that offer Islamic account for trading, by hoping that you can determine which Islamic Forex broker is the best one for you.
| Broker | Regulation | Max Leverage | Min Deposit | General Rating | |
|---|---|---|---|---|---|
| FXTM Belize 2011 | CySEC 185/12 FCA (UK), 777911 FSC (Mauritius), C113012295 FSCA (South Africa), 46614 | 1:2000 | $10 | Review | |
| Alpari Saint Vincent and the Grenadines 1998 | FSA (St. Vincent & the Grenadines) 20389 IBC 2012 | 1:1000 | $1 | Review | |
| Pepperstone Australia 2010 | ASIC 414530 BaFin, 151148 Capital Markets Authority of Kenya, 128 CySEC, 388/20 DFSA (Dubai), F004356 | 1:500 | $200 | Review | |
| Tickmill Seychelles 2014 | BaFin 146511 CySEC, 278/15 FCA (UK), 717270 FSA (Seychelles), SD008 FSCA (South Africa), 49464 | 1:500 | $100 | Review | |
| eToro China 2007 | ASIC, 491139 CySEC, 109/10 FCA (UK) FRN 583263 FINRA, 298361/SEC#: 8-70212 | 1:400 | $200 | Review | |
| IFC Markets British Virgin Islands 2006 | CySEC, 147/11 FSC (BVI) SIBA/L/14/1073 | 1:400 | $1 | Review | |
| Trade360 Cyprus 2013 | ASIC, 439907 CySEC, 202/13 | 1:200 | $500 | Review | |
| Fondex Cyprus 2010 | CySEC, 138/11 FSA (Seychelles), 8424819-1 | 1:30 | $250 | Review | |
| easyMarkets Australia 2001 | ASIC, 246566 CySEC, 079/07 FSA (Seychelles), 19.09.2020 | 1:400 | $100 | Review | |
| ETX Capital Cyprus 1965 | CySEC, 096/08 FCA (UK), 124721 | 1:400 | $100 | Review | |
| TryMarkets United Arab Emirates 2012 | IFSC (Belize) FSC/60/337/TS/17 | 1:500 | $500 | Review | |
| FxGrow Cyprus 2008 | BaFin, WA37-K 5000-138982-2014/0001 Banque de France 74965 CNMV (Spain), 3755 CySEC, 214/13 FCA (UK), 628755 Finansinspektionen (Sweden), 14-10518 HCMC (Greece), 2703 ESMA | 1:100 | $100 | Review | |
| FBS China 2009 | ASIC, 426359 CySEC, 331/17 IFSC (Belize), IFSC/60/230/TS/12 | 1:3000 | $1 | Review | |
| Orbex Cyprus 2009 | Banque de France, 73762 CNMV (Spain) 2894 CONSOB (Italy), 3148 CySEC, 124/10 FCA (UK), 553071 ESMA | 1:500 | $200 | Review | |
| Hantec Markets Australia 2009 | FCA (UK), 502635 FSC (Mauritius), C114013940 Jordan Securities Commission 51905 | 1:30 | $1000 | Review | |
| NSFX Malta 2011 | BaFin, 131055 CNMV (Spain), 3354 CONSOB (Italy) 3597 FSA (Denmark), 9221 MFSA, IS/56519 ESMA | 1:50 | $300 | Review | |
| Tradeo Cyprus 2012 | CySEC, 282/15 FSCA (South Africa) 46452 | 1:30 | $250 | Review | |
| Exness Cyprus 2008 | CySEC, 178/12 FCA (UK), 730729 FSA (Seychelles), SD025 FSCA (South Africa), 51024 | 1:2000 | $1 | Review | |
| HotForex Cyprus 2010 | CySEC, 183/12 DFSA (Dubai) F004885 FCA (UK), 801701 FSA (Seychelles), 8419176-1 FSA (St. Vincent & the Grenadines), 22747 FSC (Mauritius), 094286 FSCA (South Africa), 46632 | 1:1000 | $5 | Review | |
| FxNet United Arab Emirates 2012 | CySEC, 182/12 IFSC (Belize), 130266 | 1:500 | $50 | Review | |
| Dukascopy Hong Kong 1998 | DFSA (Dubai), F004307 FCMC (Latvia) May FINMA, June 15, 2010 FSA (Japan), 2408 ESMA | 1:200 | $100 | Review | |
| Finotec United Kingdom 1998 | FCA (UK), 470392 | 1:200 | $200 | Review | |
| LCG United Kingdom 1996 | CySEC, 341/17 FCA (UK), 182110 | 1:200 | $10000 | Review | |
| LiteForex Bulgaria 2005 | CySEC, 093/08 (only LiteForex (Europe) Limited www.liteforex.eu) | 1:500 | $50 | Review | |
| Alvexo Cyprus 2014 | AFM (Netherlands) 02-04-2015 BaFin, 142529 CNMV (Spain), 3917 CONSOB (Italy), 4789 CySEC, 236/14 FCA (UK), 683301 FSA (Seychelles), SD030 ESMA | 1:400 | $500 | Review | |
| Forex4You British Virgin Islands 2007 | FSC (BVI), SIBA/L/12/1027 The Financial Commission 22.10.2019 | 1:1000 | $1 | Review | |
| FXPRIMUS Cyprus 2009 | CySEC, 261/14 FSCA (South Africa), 46675 Vanuatu Financial Services Commission 14595 | 1:500 | $2500 | Review | |
| ThinkMarkets Australia 2010 | ASIC, 424700 FCA (UK), 629628 FSA (Japan), 19/02/2021 FSCA (South Africa), FSP No 49835 | 1:30 | $1 | Review | |
| RoboForex Belize 2009 | IFSC (Belize), 000138/210 | 1:2000 | $10 | Review | |
| Axiory Belize 2011 | IFSC (Belize), 000122/15 | 1:777 | $50 | Review | |
| XM Australia 2009 | ASIC, 443670 BaFin, 124161 CNMV (Spain), 2010157773 CONSOB (Italy), 3046 CySEC, 120/10 FCA (UK), 538324 FSP (New Zealand) FSP235905 ESMA | 1:888 | $5 | Review | |
| AAAFx Greece 2010 | FSP (New Zealand), FSP207987 | 1:30 | $300 | Review | |
| ATC Brokers Cayman Islands 2005 | Cayman Islands Monetary Authority 1448274 FCA (UK), 591361 | 1:200 | $5000 | Review | |
| FXGM Cyprus 2011 | BaFin, 130520 Banque de France, 74353 CNMV (Spain), 3321 CONSOB (Italy), 3567 CySEC, 161/11 FCA (UK), 593528 FSCA (South Africa), 47709 ESMA | 1:30 | $200 | Review | |
| AGEA Montenegro 2005 | None | 1:500 | $1 | Review | |
| FXOpen Australia 2003 | ASIC, 412871 FCA (UK), 579202 | 1:500 | $1 | Review | |
| InstaForex Russian Federation 2007 | FSA (St. Vincent & the Grenadines), IBC22945 FSC (BVI), SIBA/L/14/1082 | 1:1000 | $1 | Review | |
| FreshForex Russian Federation 2004 | FSA (St. Vincent & the Grenadines), 20623 IBC 2012 | 1:2000 | $200 | Review | |
| ForexMart Cyprus 2014 | CySEC, 266/15 | 1:500 | $1 | Review | |
| Capital Index Australia 2014 | FCA (UK), 709693 Securities Commission of The Bahamas SIA-F199 | 1:200 | $100 | Review | |
| HYCM Hong Kong 1977 | Cayman Islands Monetary Authority, 1442313 CySEC, 259/14 DFSA (Dubai), 000048 FCA (UK), 186171 FSA (St. Vincent & the Grenadines), 25228 | 1:325 | $100 | Review | |
| LQDFX Malta 2015 | None | 1:500 | $20 | Review | |
| FXCL Ireland 2006 | None | 1:1000 | $1 | Review | |
| CM Trading Cyprus 2011 | FSA (Seychelles), SD070 FSCA (South Africa), 38782 | 1:200 | $250 | Review | |
| Fullerton Markets Saint Vincent and the Grenadines 2015 | None | 1:500 | $200 | Review | |
| Credit Financier Invest Cyprus 1998 | BaFin, 1338881 Banque du Liban 40 CySEC, 179/12 DFSA (Dubai), F003933 FCA (UK), 602588 Jordan Securities Commission, 200164731 | 1:30 | $1 | Review | |
| TFI Markets Cyprus 1999 | CySEC, 117/10 | 1:500 | $50 | Review | |
| JustForex China 2012 | FSA (St. Vincent & the Grenadines), 23993 | 1:3000 | $1 | Review | |
| EverFX Cyprus 2015 | Cayman Islands Monetary Authority, 1444866 CNMV (Spain), 4256 CySEC, 301/16 ESMA | 1:500 | $250 | Review | |
| NordFX Cyprus 2008 | CySEC, 209/13 Vanuatu Financial Services Commission, 15008 | 1:1000 | $10 | Review | |
| BDSwiss Cyprus 2012 | BaFin, HRB 160749B CFTC/NFA 0486419 CySEC, 199/13 FSA (Seychelles), SD047 FSC (Mauritius), C116016172 | 1:400 | $100 | Review | |
| FXGlory Cyprus 2011 | None | 1:3000 | $1 | Review | |
| AAFX Trading Australia 2004 | FSA (St. Vincent & the Grenadines), 22916 IBC | 1:2000 | $100 | Review | |
| XTB Austria 2002 | CNMV (Spain), 40 Czech National Bank 56720 FCA (UK), 522157 FSA (Poland), 0000217580 IFSC (Belize), IFSC/60/413/TS/19 ESMA | 1:30 | $1 | Review | |
| iFOREX Cyprus 1996 | CySEC, 143/11 | 1:30 | $100 | Review | |
| FIBOGroup Austria 1998 | CySEC, 118/10 FSC (BVI), SIBA/L/14/1063 | 1:1000 | $1 | Review | |
| GCI Anguilla 2002 | None | 1:400 | $500 | Review | |
| One Financial Markets United Arab Emirates 2007 | FCA (UK), 466201 SFC (Hong Kong) BFZ621 The Financial Commission, 14.05.2020 | 1:30 | $250 | Review | |
| PFD New Zealand 1999 | FMA (New Zealand) FSP28944 | 1:300 | $1 | Review | |
| Royal Australia 2008 | ASIC, 420268 CySEC, 312/16 | 1:30 | $50 | Review | |
| CPT Markets Belize 2008 | FCA (UK), 606110 IFSC (Belize), IFSC/60/430/18(33)h | 1:500 | $500 | Review | |
| AccentForex Vanuatu 2010 | Ministry of Finance and Economic Management (Vanuatu) 17931 | 1:500 | $10 | Review | |
| Profiforex Belize 2010 | None | 1:500 | $1 | Review | |
| Grand Capital Armenia 2006 | FFMS 1204 The Financial Commission, 15.01.2016 | 1:500 | $10 | Review | |
| Larson & Holz IT Austria 2004 | FMRRC (Russia) RU 0394 AA Vv0018 | 1:500 | $250 | Review | |
| ICM Capital China 2009 | FCA (UK), 520965 Jordan Securities Commission, 02.04.2020 | 1:30 | $200 | Review | |
| Blackwell Global Bahamas 2010 | CySEC, 159/11 FCA (UK), 590313 Securities Commission of The Bahamas, SIA-F215. TIN. 109226376 | 1:200 | $1 | Review | |
| GAINSY Saint Vincent and the Grenadines 2012 | FSA (St. Vincent & the Grenadines), 21559 | 1:500 | $10 | Review | |
| NatureForex Belize 2011 | IFSC (Belize), IFSC/60/214/TS/12 | 1:1000 | $20 | Review | |
| GBE brokers Cyprus 2013 | CySEC, 240/14 | 1:30 | $500 | Review | |
| Forex Optimum Indonesia 2009 | FSA (St. Vincent & the Grenadines), 20603 | 1:500 | $10 | Review | |
| Euro Pacific Bank Saint Vincent and the Grenadines 2011 | None | 1:100 | $2500 | Review | |
| Traders Trust Bermuda 2009 | CySEC, 107/09 | 1:500 | $50 | Review | |
| XGLOBAL Markets Cyprus 2012 | BaFin, 132843 CNMV (Spain), 2013092102 CySEC, 171/12 FCA (UK), 602404 ESMA | 1:30 | $100 | Review | |
| TenkoFX Belize 2011 | IFSC (Belize), IFSC/60/349/TS/15 | 1:500 | $10 | Review | |
| Invast Financial Services Australia 1960 | ASIC, 438283 | 1:400 | $100 | Review | |
| FirewoodFX Saint Vincent and the Grenadines 2014 | None | 1:1000 | $10 | Review | |
| Vinson Financials Cyprus 2004 | None | 1:500 | $200 | Review | |
| Corner Trader Switzerland 1952 | None | 1:200 | $1 | Review | |
| WesternFX Bangladesh 2013 | FSA (St. Vincent & the Grenadines), 21937 | 1:500 | $25 | Review | |
| Forex.ee Estonia 2004 | None | 1:500 | $10 | Review | |
| Trust Capital Lebanon 2011 | Banque du Liban, 20 Capital Markets Authority (Lebanon) 520 | 1:400 | $10000 | Review | |
| Valutrades Seychelles 2013 | FCA (UK), 586541 FSA (Seychelles), SD028 | 1:400 | $100 | Review | |
| FXGlobe Cyprus 2008 | CySEC, 205/13 | 1:500 | $250 | Review | |
| Trade12 Marshall Islands 2015 | None | 1:400 | $250 | Review | |
| Titan FX Vanuatu 2013 | Vanuatu Financial Services Commission, 40313 | 1:500 | $200 | Review | |
| ForexChief Nigeria 2014 | Ministry of Finance and Economic Management (Vanuatu), 14777 | 1:1000 | $50 | Review | |
| VARIANSE United Kingdom 2015 | FCA (UK), 802012 | 1:30 | $500 | Review | |
| SuperForex Belize 2013 | IFSC (Belize), IFSC/60/292/TS/14 | 1:1000 | $1 | Review | |
| AAATrade Cyprus 2013 | BaFin, 45052 CySEC, 244/14 FCA (UK), 659844 | 1:200 | $500 | Review | |
| Trade Fintech United Kingdom 2016 | None | 1:200 | $250 | Review | |
| JCMFX Belize 2014 | FSA (St. Vincent & the Grenadines), 23313 | 1:1000 | $10 | Review | |
| FX Giants Cyprus 2015 | FCA (UK), FCA No. 585561 | 1:30 | $100 | Review | |
| Land-FX China 2013 | FCA (UK), 709866 FSP (New Zealand), FSP264385 | 1:500 | $300 | Review | |
| CIBFX Vanuatu 2005 | Ministry of Finance and Economic Management (Vanuatu), 14637 | 1:200 | $500 | Review | |
| CFDTimes Cyprus 2012 | IFSA (St. Vincent and Grenadines) 25694 IBC | 1:500 | $5 | Review | |
| Fortrade United Kingdom 2013 | ASIC, 493520 CySEC, 385/20. FCA (UK), 609970 IIROC 20-0021 NBRB (Belarus), 193075810 | 1:100 | $500 | Review | |
| Turnkey Forex United Kingdom 2009 | None | 1:400 | $5 | Review | |
| CMS Trader Australia 2013 | None | 1:400 | $500 | Review | |
| TriumphFX Australia 2009 | Ministry of Finance and Economic Management (Vanuatu), 17901 | 1:500 | $100 | Review | |
| Tifia Indonesia 2011 | FSC (Mauritius), GB19024824 Ministry of Finance and Economic Management (Vanuatu), 40209 | 1:1000 | $10 | Review | |
| Swiss Markets Cyprus 2016 | CySEC, 199/13 FSC (Mauritius), C116016172 | 1:500 | $200 | Review | |
| FXB Trading Saint Vincent and the Grenadines 2015 | FSA (St. Vincent & the Grenadines), 22500 | 1:500 | $250 | Review | |
| World Forex Vanuatu 2007 | FSC (BVI), 1420912 Vanuatu Financial Services Commission, 300236 | 1:500 | $1 | Review | |
| AMEGA Cyprus 2018 | None | 1:1000 | $1 | Review | |
| Capital Street FX Bulgaria 2012 | FSC (Mauritius), C112010690 | 1:3500 | $100 | Review | |
| ETO Markets Australia 2013 | ASIC, 420224 | 1:400 | $200 | Review | |
| Equiti Global Markets Armenia 2007 | DMCC (Dubai) 31573 Dubai Gold and Commodities Exchange, 31573 FCA (UK), 528328 SCA (UAE), 607136 | 1:500 | $500 | Review | |
| JAFX Saint Vincent and the Grenadines 2013 | None | 1:500 | $10 | Review | |
| Boston Merchant Financial Australia 1988 | ASIC, 379035 FCA (UK), 563348 FFMS, 1220 FSC (Bulgaria), RG-03-220 FSP (New Zealand), FSP328066 ESMA | 1:400 | $50 | Review | |
| CryptoRocket Saint Vincent and the Grenadines 2019 | None | 1:500 | $10 | Review | |
| IronFX Australia 2010 | ASIC, 417482 CySEC, 125/10 FCA (UK), 585561 FSCA (South Africa), 45276 | 1:30 | $100 | Review | |
| Fort Financial Services China 2010 | IFSC (Belize), IFSC/60/256/TS/14 | 1:1000 | $5 | Review | |
| UBFX China 2016 | Ministry of Finance and Economic Management (Vanuatu), 14745 | 1:400 | $1 | Review | |
| FXLinked Seychelles 2018 | FSA (Seychelles), SD011 | 1:400 | $10 | Review | |
| RCPro Estonia 2018 | None | 1:200 | $500 | Review | |
| INFINOX United Kingdom 2009 | FCA (UK), 501057 | 1:30 | $100 | Review | |
| One Global Market United Kingdom 2016 | FCA (UK), 769481 | 1:30 | $10000 | Review | |
| Blueberry Markets Australia 2016 | ASIC, 391441 | 1:500 | $100 | Review | |
| Olymp Trade Cyprus 2014 | The Financial Commission, 22.02.2016 | 1:500 | $2 | Review | |
| LegacyFx Cyprus 2017 | BaFin, 348194 CySEC, 344/17 FCA (UK), 797343 NBRB (Belarus) 193180778 Vanuatu Financial Services Commission, 14579 | 1:200 | $500 | Review | |
| XBTFX Saint Vincent and the Grenadines 2019 | FSA (St. Vincent & the Grenadines), 155 | 1:500 | $1 | Review | |
| AMP Global Cyprus 2018 | BaFin, 154811 CFTC/NFA, 0412490 CNMV (Spain), 4624 CONSOB (Italy), 4869 CySEC, 360/180 FCA (UK), 819311 ESMA | 1:50 | $100 | Review | |
| CMS Prime United Arab Emirates 2004 | FSA (St. Vincent & the Grenadines), 24495 IBC 2018 FSC (Mauritius), GB19024331 Vanuatu Financial Services Commission, 40437 | 1:500 | $1000 | Review | |
| Scandinavian Capital Markets Sweden 2011 | Finansinspektionen (Sweden) 556863-5972 | 1:100 | $10000 | Review | |
| Dizicx Congo 2016 | None | 1:400 | $25 | Review | |
| M4Markets Seychelles 2019 | FSA (Seychelles), SD035 | 1:1000 | $5 | Review | |
| StreamsFxGlobal Saint Vincent and the Grenadines 2019 | None | 1:100 | $200 | Review | |
| streamsfx Cyprus 2019 | CySEC, 376/19 | 1:30 | $500 | Review | |
| Yadix Seychelles 2010 | FSA (Seychelles), SD021 | 1:500 | $100 | Review | |
| Axes Ukraine 2018 | IFSA (St. Vincent and Grenadines), 338 llc 2020 | 1:500 | $500 | Review | |
| BlackBull Markets New Zealand 2014 | FCA (UK), 9556804 FMA (New Zealand), FSP403326 FSA (Seychelles), BBG Limited | 1:500 | $200 | Review | |
| AvaTrade Australia 2006 | ASIC, 406668 Central Bank of Ireland C53877 Financial Futures Association (Japan), 1574 Financial Services Regulatory Authority (Abu Dhabi), 190018 FSA (Japan), 1662 FSC (BVI), 2013-07-30 FSCA (South Africa), 45984 IS | 1:400 | $100 | Review | |
| AMarkets Montenegro 2007 | FSA (St. Vincent & the Grenadines), 22567 IBC 2015 The Financial Commission, 01.09.2013 | 1:1000 | $100 | Review | |
| MaxiMarkets Russian Federation 2008 | None | 1:200 | $500 | Review | |
| UFX United Kingdom 2009 | CySEC, 127/10 Vanuatu Financial Services Commission, 14581 | 1:200 | $100 | Review | |
| Axi Australia 2007 | ASIC, 318232 DFSA (Dubai), 2758 FCA (UK), 509746 FSCL (New Zealand) FSP518226 | 1:400 | $1 | Review | |
| USGFX Australia 2006 | FCA (UK), 798776 FSCA (South Africa), 49854 | 1:500 | $100 | Review | |
| TrioMarkets Cyprus 2014 | CySEC, 268/15 FSC (Mauritius), C118023678 | 1:30 | $500 | Review | |
| Alfa Capital Cyprus 2003 | Bank of Russia 1167746614947 CySEC, 387/20 | 1:100 | $1 | Review | |
| OctaFX Saint Vincent and the Grenadines 2011 | CySEC, 372/18 FCA (UK), 679306 IFSA (St. Vincent and Grenadines), 19776 IBC 2011 | 1:500 | $100 | Review | |
| PaxForex Saint Vincent and the Grenadines 2010 | None | 1:500 | $10 | Review | |
| Vantage FX Australia 2006 | ASIC, #ACN 140 903 886 Cayman Islands Monetary Authority, 1383491 FCA (UK), 501057 Vanuatu Financial Services Commission, 700271 | 1:500 | $200 | Review | |
| FxPro Bahamas 2006 | CySEC, 078/07 DFSA (Dubai), F003333 FCA (UK), 509956 FSCA (South Africa), 45052 | 1:50 | $100 | Review | |
| MultiBank Australia 2005 | ASIC, 416279 BaFin, 73406 DFSA (Dubai), CL3989 FCA (UK), 481068 FSC (BVI), SIBA/L/14/1068 Ras Al Khaimah Free Trade Zone IC/2993/10 | 1:500 | $50 | Review | |
| Forex24 Cyprus | BaFin, 2017/1349943 CNMV (Spain), 4373 CONSOB (Italy), 4624 CySEC, 300/16 FCA (UK), 782501 ESMA | 1:400 | $2000 | Review | |
| ForexTB Cyprus 2020 | CySEC, 272/15 | 1:30 | $250 | Review | |
| Investous Belize 2018 | IFSC (Belize), 000349/122 | 1:500 | $250 | Review | |
| Blaze Markets Australia 2020 | FSA (St. Vincent & the Grenadines), 26027 BC 2020 | 1:200 | $100 | Review | |
| FXGT Seychelles 2019 | FSA (Seychelles), SD019 | 1:500 | $10 | Review | |
| HFTrading New Zealand 2019 | ASIC, 414198 FSP (New Zealand), FSP197465 | 1:400 | $300 | Review | |
| XtreamForex Marshall Islands 2015 | None | 1:1000 | $5 | Review | |
| Admirals Argentina 2001 | ASIC, 28381 CySEC, 201/13 FCA (UK), 595450 FSA (Estonia), 10932555 FSA (Seychelles), 8426894-1 | 1:500 | $100 | Review | |
| Moneta Markets Australia 2020 | Vanuatu Financial Services Commission, 700271 | 1:500 | $50 | Review | |
| AZAforex Saint Vincent and the Grenadines 2016 | None | 1:1000 | $1 | Review | |
| ForexVox United Kingdom 2019 | FCA (UK), 586541 FSA (Seychelles), Securities Dealer License No SD028 | 1:500 | $1 | Review | |
| AdroFx Saint Lucia 2018 | None | 1:500 | $25 | Review | |
| BMFN Australia 1988 | Vanuatu Financial Services Commission, 40202 | 1:400 | $50 | Review | |
| TOP1Markets Australia 2018 | ASIC, 488340/001276870 Vanuatu Financial Services Commission, 40436 | 1:100 | $100 | Review |
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