Forex
forex

Islamic Forex Broker

 

 

 

While forex trading is quite popular in the Islamic world, brokers need to approach this customer base cautiously as there are cultural peculiarities to be obeserved. One such peculiarity is the Shariah law prohibiting Muslims from earning interest – and this is a problem because of the rollover/swap paid on positions held open overnight. 

 

This is why brokers have come up with a solution: Islamic, or swap-free accounts. With these, no interest is paid on overnight positions, however traders are usually bound with additional account fees. These vary depending on the broker – FxPro for example charges a handling fee of up to $10 per lot for positions open more than one day. 

 

Other brokers, like Liquid Markets, offer additional perks for swap-free accounts: Hibah. “Hibah” is a term describing gifts or donations awarded voluntarily, therefore the broker enables its Muslim clients to donate a share of their profit for charity. 

 

Below is a list of forex brokers that offer Islamic accounts.  



Islamic Forex Broker

Broker Regulated Min.deposit Leverage Spread Promotion Review
$50 1:300 1.8 Review Website
$50 1:400 0.2 Review Website
$1 1:888 1 100% Bonus Review Website
$500 1:500 0.8 VPS Review Website
$5 1:1000 0.5 Review Website
  $25 1:400 3 Review
$100 200:1 1 Review Website
$2000 1:500 2 Review
$50 1:1000 0.9 Review
$1 1:500 2 $100 Review
$1 1:50 1 10% Bonus Review
$250 1:400 3 Review
$100 1:200 1 25% Bonus Review Website
$200 1:500 0 Review
$100 1:400 3 Review
$250 1:50 2 8% Bonus Review
$200 1:500 1.6 Review
$100 1:1000 0.9 Review
$500 200:1 1 10% Bonus Review
$300 1:200 1.9 10% Bonus Review
$50 1:500 0.6-2 Review
$100 1:500 0.2 Review
$200 1:400 1.3 $10 on deposit bonus Review
$1 400:1 2.4 Review
$500 1:500 1.9 Review
$2000 1:200 1 Review
$500 1:500 2 Swap free accounts Review Website
$500 200:1 1.4 Review
$1 1:1000 1.0 25% Bonus Review
$1 1:500 1.2 Review
$250 1:200 0.9 Review
$2000 1:100 4 Review
$1 1:100 3 $5 free Review
$25 1:400 2 Review
  $1 1:500 0.8 Review
  $250 1:200 2.8 5% Review
$5 1:1000 1 $5 bonus Review Website
  $10 1:1000 3 30% Bonus Review
$10 1:400 2 Review
$1000 1:200 1.8 Review
$300 1:50 2 up to $300 bonus Review
$100 1:200 2.2 Welcome Review
  $100 1:500 1 100% Bonus Review
  $25 1:500 1 110% bonus Review
  $1 1:500 Review
100 GBP 1:400 3 Review
  $500 1:100 1 Review
$100 1:400 2 Review
  $1 1:500 2 25% on deposit bonus Review
  $100 1:200 2 Review
$1 1:500 1 Review
$50 1:500 1 30% Review Website
  $10 1:200 1.5 pips Review
  $1 1:500 1.6 Trading Credit Review
$1 1:400 2 10% Bonus Review
$2500 1:400 Review
$100 1:100 3 pips Review
  $10 1:500 2 pips up to 100% Review
$2000 1:200 2.2 Review
$100 1:500 Review
$100 1:500 3 Review
  200 1:400 Review
$500 400:1 3.3 Review
$500 400:1 1 Review
$5 Review
$250 1:400 1.4 Review
$50 1:200 1.8 Review
- 1:200 1.2 Review
  $20 1:400 1.3 Review
$500 1:300 2 Review
  $10 1:100 1.7 Review
$5 1:400 1.8 Review
$250 1:200 3 Review
  $1 1:500 1 Review
$200 1:500 0.8 Review
$500 1:400 1 Review
$1 1:400 1.5 Review
$500 1:500 1.4 Review
$500 1:200 1.2 Review
$500 1:500 1.5 Review
$1 1:500 1.4 Review
$500 1:400 0.9 Review
$300 1:500 1.4 Review
$300 1:200 1.7 Review
$1 1:1000 1 Review
$1 1:1000 1 Review
$10 000 1:400 1.8 Review
$100 1:200 3 Review
$250 1:50 1 5% Bonus Review
$100 1:200 3 30% Bonus Review
$1 1:400 1.9 Review
$1 1:1000 2 pips Review
  $500 1:400 3 10% Bonus Review
  $100 1:500 1 10% Bonus Review
  $100 1:200 3 Review
  $300 1:200 2 Review
$100 1:400 5 Review
  $10 1:500 2 40% Bonus Review
  $100 1:200 3 $25 Bonus Review
$5,000 1:100 1.5 Review
$10 1:100 0 100% Bonus Review Website
  $1 500:1 1.5 $20 Review
  $2,500 1:200 2 Review
$5 1:500 1 20% Bonus Review Website
$50 1:400 2 up to $10,000 Review Website
$5 1:500 0 100% Margin Bonus Review Website
$2000 1:500 0.9 Review Website
  $100 1:500 1 10% Bonus Review
$1 1:500 1 Review
$100 1:100 0.9 Review
$10 1:500 1.3 Review