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
$5 1:1000 0.5 Review Website
$50 1:400 0.2 Review Website
$5 1:888 1.1 100% Bonus Review Website
$100 1:500 0.8 Review Website
$10 1:2000 1.7 Review Website
$200 1:500 0 Review
$100 1:400 3 Review
$1 1:1000 1.0 25% Bonus Review
- 1:200 1.2 Review
$1 1:500 2 $100 Review
$50 1:1000 0.9 Review
$200 1:400 1.3 $10 on deposit bonus Review
$200 1:500 1 Review
$250 1:50 2 8% Bonus Review
$2000 1:200 1 Review
$500 1:500 2 Swap free accounts Review
$500 200:1 1.4 Review
$250 1:500 1 Review
$20 1:500 1.2 Review
$100 200:1 1 Review
No 1:500 1.6 Review
$500 1:500 1 pip Review
$250 1:200 0.9 Review
$2000 1:100 4 Review
$25 1:400 3 Review
$1 1:100 3 $5 free Review
$100 1:400 2 Review
$2000 1:500 2 Review
$200 1:500 1.6 Review
  $1 1:500 0.8 Review
  $250 1:200 2.8 5% Review
$100 1:200 1 25% Bonus Review
$1 1:3000 1 $5 bonus Review
$10 1:400 2 Review
$1000 1:200 1.8 Review
$31 1:500 1.3 Review
$100 1:200 2 Welcome Review
$100 1:400 1.8 Review
  $100 1:500 1 100% Bonus Review
  $25 1:500 1 110% bonus Review
  $1 1:500 Review
$100 1:400 2 Review
  $500 1:100 1 Review
$250 1:400 2 Review
  $1 1:500 2 25% on deposit bonus Review
  $100 1:200 2 Review
$200 1:500 1.2 Review
$50 1:500 1 30% Review
  $10 1:200 1.5 pips Review
  $1 1:500 1.6 Trading Credit Review
$1 1:400 2 10% Bonus Review
$50 1:500 0.6-2 Review
$2500 1:400 Review
$200 1:400 1.6 Review
Review
$100 1:100 3 pips Review
$100 1:500 0.2 Review
  $10 1:500 2 pips up to 100% Review
$2000 1:200 2.2 Review
$100 1:500 3 Review
  200 1:400 Review
$100 400:1 2.4 Review
$25 500:1 Review
$500 1:500 2.3 Review
$250 1:400 1.4 Review
$50 1:200 1.8 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
$500 1:500 1.8 Review
$100 1:200 3 Review
$50 1:500 1.5 25% welcome on-deposit bonus Review
  $1 1:200 1 Review
$200 1:500 1.1 Review
$100 1:500 1.6 Review
$100 1:400 1.8 Review
$100 1:400 3 Review
$500 1:500 1.8 Review
$200 1:300 1.2 Review
  $10 1:1000 1.6 Review
$100 1:400 2 Review
  $500 1:400 2.5 Review
$500 1:200 1.2 Review
$100 1:200 2.6 Review
$1000 1:200 0.9 Review
$200 1:400 1.2 Review
$50 1:400 3 Review
$1 1:500 1.8 Review
$500 1:400 3 pips Review
$5 1:500 0.6 Review
$100 1:1000 1.6 Review
$250 1:50 1 5% Bonus Review
$100 1:200 3 30% Bonus Review
$100 1:1000 0.9 Review
$1 1:400 1.9 Review
$250 400:1 3 Review
$1 1:1000 2 pips Review
  $1 1:1000 2 Review
$500 400:1 3.3 Review
$1 1:50 1 10% Bonus Review
$250 1:400 3 Review
$50 1:500 0 100% Margin Bonus Review
  $100 1:500 1.1 Review
$2,000 1:50 0.9 Review
  $100 1:500 1.1 Review
  $500 1:400 3 10% Bonus Review
$1 1:500 1 Review
$50 1:400 3 up to $10,000 Review Website
  $1 1:1000 3 30% 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
  $5 200:1 0.2 Review
  $10 1:500 1.2 Review
$50 1:400 1.1 Review
  $200 1:800 3 Review
  $20 1:500 1.1 Review
  $10 1:500 1.6 Review
  $10 1:500 2 Review
$100 1:200 1.3 Review
  $500 1:300 1.7 Review
  $500 1:500 1.2 Review
  $100 1:2000 2 Review
  $10 1:1000 2 pips Review
  $500 1:500 2.5 Review
$20 1:1000 1 Review
  $5 1:400 1.7 Review
$500 1:400 2.5 Review
  $50 1:200 1.7 Review
$50 1:500 1.8 Review
  $10 1:500 2 pips Review
  $300 1:100 1.7 Review
  $100 1:1000 0 pips Review
  $500 1:200 3 pips Review
  £/€/$250 1:200 2 pips Review
  $5 1:200 0 pips Review
  $250 1:800 3 pips Review
  $2000 1:1000 3 pips Review
  $10 1:1000 1.5 Review
  $100 1:1000 1.8 Review
  $100 1:500 1 Review
$5,000 1:100 1.5 Review
$10 1:100 0 100% Bonus Review
  $1 500:1 1.5 $20 Review
$5 1:500 1 20% Bonus Review
  $500 1:400 2 pips Review
  $100 1:500 1.3 Review
$2000 1:500 0.9 Review
  $100 1:400 2 pips Review
  $100 1:500 1 10% Bonus Review
$100 1:100 0.9 Review
$10 1:500 1.3 Review
  $50 1:500 Review
  $100 1:1000 1.2 Review
  $10 1:400 1.2 Review

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