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Forex Brokers Offering Islamic Account

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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.


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Score Broker Account Information Max Leverage Payment
64
Exness
Exness
Islamic account
1 : 2000
WebMoney
52
FBS
FBS
Islamic Account
1 : 3000
Credit/debit cards
145
IC Markets
IC Markets
Islamic Account
1 : 1000
Crypto
703
Octa
Octa
Islamic Account
1 : 500
Crypto
144
RoboForex
RoboForex
Islamic account
1 : 400
Skrill
70
HF Markets
HF Markets
Islamic Account
1 : 2000
Crypto
7
Pepperstone
Pepperstone
Islamic Account
1 : 400
Credit/debit cards
723
Admirals
Admirals
Islamic Account
1 : 500
AstroPay
684
AvaTrade
AvaTrade
Islamic account
1 : 400
WebMoney
120
ThinkMarkets
ThinkMarkets
Islamic Account
1 : 500
Crypto
744
LiteFinance
LiteFinance
Islamic account
1 : 500
WebMoney
11
eToro
eToro
Islamic account
1 : 400
WebMoney
249
FXOpen
FXOpen
Islamic account
1 : 500
Wire transfer
396
FP Markets
FP Markets
Islamic Account
1 : 500
Apple Pay
112
Markets4you
Markets4you
Islamic account
1 : 1000
Skrill
537
FirewoodFX
FirewoodFX
Islamic account
1 : 1000
Wire transfer
705
Vantage Markets
Vantage Markets
Islamic Account
1 : 500
Bank Wire
489
FIBOGroup
FIBOGroup
Islamic account
1 : 1000
WebMoney
773
JustMarkets
JustMarkets
Islamic account
1 : 3000
Skrill
10
Tickmill
Tickmill
Islamic account
1 : 500
WebMoney
706
FxPro
FxPro
Islamic account
1 : 10000
PayPal
264
MTrading
MTrading
Islamic account
1 : 1000
Skrill
514
Grand Capital
Grand Capital
Demo Account
1 : 500
WebMoney
638
Blueberry Markets
Blueberry Markets
Islamic account
1 : 500
PayPal
53
OANDA
OANDA
Islamic Account
1 : 20
Visa
660
Fxview
Fxview
Islamic account
1 : 500
Bank Transfer
190
AAAFx
AAAFx
Islamic Account
1 : 500
Crypto
307
CFI Group
CFI Group
Islamic Account
1 : 500
Credit/Debit Cards
707
MultiBank
MultiBank
Islamic Account
1 : 500
Credit/debit cards
757
Absolute Markets
Absolute Markets
Islamic Account
1 : 1000
Crypto
694
USGFX
USGFX
Islamic Account
1 : 500
Credit/debit cards
16
Trade360
Trade360
Islamic Account
1 : 200
Credit/debit cards
576
Turnkey Forex
Turnkey Forex
Islamic Account
1 : 400
Crypto
525
Forex Optimum
Forex Optimum
Islamic Account
1 : 500
Credit/debit cards
72
FxNet
FxNet
Islamic Account
1 : 500
Credit/debit cards
219
FXGM
FXGM
Islamic Account
1 : 30
Credit/debit cards
158
Axiory
Axiory
Islamic Account
1 : 777
Credit/debit cards
587
Tifia
Tifia
Islamic Account
1 : 1000
Crypto
406
EverFX
EverFX
Islamic Account
1 : 500
Credit/debit cards
229
AGEA
AGEA
Islamic Account
1 : 500
Credit/debit cards
669
Axes
Axes
Islamic Account
1 : 500
Crypto
646
Just2Trade
Just2Trade
Islamic Account
1 : 500
CashU
602
Equiti Global Markets
Equiti Global Markets
Islamic Account
1 : 500
Credit/debit cards
622
Fort Financial Services
Fort Financial Services
Islamic Account
1 : 1000
Credit/debit cards
766
Crystal Ball Markets
Crystal Ball Markets
Islamic Account
1 : 1000
Crypto
521
NatureForex
NatureForex
Islamic Account
1 : 1000
Credit/debit cards
711
Forex24
Forex24
Islamic Account
1 : 400
Credit/debit cards
321
TFI Markets
TFI Markets
Islamic Account
1 : 500
Credit/debit cards
520
GAINSY
GAINSY
Islamic Account
1 : 500
CashU
63
Tradeo
Tradeo
Islamic Account
1 : 30
Credit/debit cards
666
streamsfx
streamsfx
Islamic Account
1 : 30
Credit/debit cards
574
CFDTimes
CFDTimes
Islamic Account
1 : 500
Crypto
567
JCMFX
JCMFX
Islamic Account
1 : 1000
Credit/debit cards
589
FXB Trading
FXB Trading
Islamic Account
1 : 500
AdvCash
538
Vinson Financials
Vinson Financials
Islamic Account
1 : 500
Credit/debit cards
628
FXLinked
FXLinked
Islamic Account
1 : 400
Crypto
526
Euro Pacific Bank
Euro Pacific Bank
Islamic Account
1 : 100
Wire transfer
555
Trade12
Trade12
Islamic Account
1 : 400
AliPay
742
CryptoAltum
CryptoAltum
Islamic Account
1 : 0
Crypto Cash
627
UBFX
UBFX
Islamic Account
1 : 400
AliPay
604
JAFX
JAFX
Islamic Account
1 : 500
Crypto
96
Finotec
Finotec
Islamic Account
1 : 200
Credit/debit cards
31
TryMarkets
TryMarkets
Islamic Account
1 : 500
CashU
566
Trade Fintech
Trade Fintech
Islamic Account
1 : 200
CashU
579
CMS Trader
CMS Trader
Islamic Account
1 : 400
Boleto Bancário
816
Finex
Finex
Islamic Account
1 : 500
Bank Transfer (Indonesian local banks - BCA

Additional FAQ

Although the main idea of a swap-free account is to help traders avoid rollover interest, keep in mind that some brokers may have time restrictions regarding your floating positions. For example, some brokers only allow a floating position for up to 3 days, while others allow you to open your positions for up to a week. This might be a deal-breaker for long-term traders.

Also, brokers offering swap-free accounts may charge a commission fee, in which some of them may assign you a fixed commission that isn't affected by the changes in interest rates. If this is the case, you need to ensure that this additional fee is affordable and doesn't influence your profitability.

Continue Reading at ASIC Brokers that Allow Swap Free

Due to Islamic law, Muslims are advised not to engage in a business or contract that includes charging and receiving interest. That's why many brokers specifically create swap-free accounts for Muslim traders. But in reality, Muslims are not the only traders that can benefit from swap-free accounts. Other traders would deliberately create Islamic accounts despite having different beliefs. The reason is that they don't want to be subjected to negative swaps.

Continue Reading at ASIC Brokers that Allow Swap Free

Swap-free accounts are typically designed for Muslim traders who must adhere to their religious beliefs. Brokers offering these accounts may have specific conditions, such as:

  1. Religious Verification

  2. Maximum DurationCommission

  3. Special Account Type

Continue Reading at Introduction to Islamic Account in Forex Brokers

Several factors contribute to the growing demand for Islamic trading accounts:

  1. These accounts enable Muslim traders to participate in financial markets while adhering to Sharia law.

  2. Swap-free accounts promote inclusivity by providing equal opportunities for traders from various religious backgrounds.

  3. There is an increasing awareness and education surrounding Islamic finance and trading principles. As a result, more traders are seeking out swap-free accounts and gaining a better understanding of the features and requirements associated with these accounts.

Continue Reading at Introduction to Islamic Account in Forex Brokers