Top Halal Trading for 2022

We found 11 online brokers that are appropriate for Trading Islamic.

Best Halal Trading Guide

Updated November 25, 2022

Halal Trading

The subject of halal trading is one that has succeeded in generating lots of controversies amongst both Islamic and western scholars. It simply refers to the question of whether intraday trading is permitted within the religion. Halal in Islam means something that is permitted. Haram, on the other hand, implies something that is forbidden.

In this post, we are going to be looking at how the Islamic religion perceives buying and trading stocks in terms of being halal or haram.

Every religion has different concepts with regard to trading. Muslims need different opportunities for halal trading.

Different trading platforms can meet different trading preferences and the needs of all clients and you can gain advantages when trading with Islamic trading accounts.

These accounts are available to satisfy the needs of Muslim clients. To open your Islamic account, you have to follow these essential steps:

Is Forex Trading Haram Or Halal?

This is one question that always seems to pop up amongst different categories of people. The truth is that Forex trading could either be haram or halal in different instances. As an investor, this majorly depends on your intent and behaviour. For example, if you are using an acceptable strategy to trade, it can be said to be halal. The same can also be said once you are trading with an Islamic account.

Conversely, it is basically considered haram once you are using an interest charging account to trade. In this case, it will be seen as gambling which is not deemed acceptable. As a Muslim, you need to understand how to trade Forex. Halal trading is when you are buying and selling currencies in line with the principles of Islam. Your actions in the market will attract some question marks once they involve speculating on the prices of currencies as this will be viewed as gambling.

Islamic law kicks against any form of derivative trading (including Forex) where you do not own such assets as an investor. This is because it is characterised by speculation. Trading as a Muslim requires the highest level of caution. This is because there are laws and principles that are in place to guide your actions and that are expected to be followed. There are three major factors to consider when talking about whether Forex trading is haram or halal. These are:

Is Stock Trading Halal?

Just like the case of Forex discussed above, there are some important factors to consider before reaching a conclusion on whether stock trading is considered haram or halal. First of all, Islam does not prevent you from buying stocks. In other words, such practice is acceptable. The reason for this is that purchasing shares gives you the right to take part in a business’ ownership.

However, such practice or investment can become haram when the company’s line of business is questionable based on Islamic laws and doctrines. Here is a clear example. Islam forbids activities like gambling, alcohol, pornography, borrowing with interest and many more such moral issues. In any of these cases, buying and selling the shares of such companies can be considered haram.

Is Trading Binary Options Halal?

Contary to other trading forms, binary options provide more direct trades compared to numerous other instruments, e.g., Forex and stocks. The option may either shell out a fixed amount of compensation if the option happens to expire in the funds. It will pay out nothing if the option expires out of the funds.

If the trader has inadequate knowledge regarding how or what to trade, in that case, trading binaries would count as gambling, which is not halal.

Additionally, since each contract requires a loser and a winner, this is likely not halal. Not all parties can withdraw value and profit from the trade. Hence, it is worth knowing that a majority of individuals see binary options as haram.

All that being said, nowadays, a new type of philosophy has come to light that only the trader can be aware of whether trading binaries is haram or not. If you fully comprehend the intricacies of the trade, then you are most likely not gambling. Therefore, despite a vast majority of brokers providing so-called Islamic accounts, only you are truly aware of whether what you are doing is acceptable or not when you decide to trade binaries.

Is Leverage Halal?

To be able to make a significant amount of intraday gains from minuscule price movements, you have to invest considerable sums of money. To remedy this problem, forex brokers provide traders with leverage. That allows the investor to invest £50-£75 for each £1 they put up. This allows them to take larger positions and therefore, increase their profit. It counts as a loan, and in Islam, it is allowed to borrow from someone to invest and make a profit, returning that loan to the creditor at the end, free of interest.

In the case of Forex brokers, they are lending you the capital intending to make a commission. This leads to them making a return on each trade you conduct. Many scholars have considered this a type of interest, thus deeming Forex trading haram.

Luckily, Islamic foreign exchange brokers have remedied this by offering day traders an alternative. It is now possible to get Forex accounts that will not be charging you with standard interest fees. They instead charge traders with increased commission fees in spot foreign exchange trades.

While some believe that this is a hidden interest component, numerous Islamic scholars are comfortable with this method of trading. Regular spot forex trading with no overnight charges may solve the “riba” issue.

Perspectives To Consider For Stock Trading

From an Islamic point of view, companies can be viewed from three different perspectives when it comes to stock investment. These are as follows:

Shares That Are In Line With Islamic Practises

Some examples of these shares are furniture, real estate, medical equipment, clothing, shipping and manufacturing. If you purchase shares from companies that are in any of these fields, it will not be considered as haram.

Shares That Are Prohibited In Islam

These are just like the examples stated previously. They could be shares involving nightclubs, hotels, commercial insurance, tourism, gambling, alcohol, pornography, and borrowing with interest. According to the laws and principles guiding Islam, these are all highly prohibited and forbidden.

Mixed Companies

There are some companies that fall into the first category of engaging in practices that are not frowned on in Islam. However, some of their activities still remain questionable. A typical example is the case of transportation companies that are being funded by Riba-based loans.

Halal Trading Account

With Halal trading accounts, Muslims can gain the advantage of Forex trading to confirm to with Sharia law.

Remember, more than 25% of the population of the world practices Islam. For this reason, Halal forex trading is consistently gaining popularity.

Halal trading accounts may not charge rollovers or swap interests on overnight positions in the forex market of the United Kingdom.

Open positions may need to charge some administration fees. To comprehend Halal forex trading, it becomes crucial to understand the principles of finance in the light of Islam.

Unlike traditional finance (for the revenue motive), Islamic finance is based on ethical considerations and goals. Two essential principles for Islamic finance are as follows:

A philosophy to share risk between the borrower and lender is an important principle. As per Islam, interest gaining can be immoral.

Interest gaining promises a reward to lenders and borrowers to incur the risk. It is exploitative and unethical as per Islamic finance.

In another principle, monetary activity should promote economic and social activity.

The main objective of funding in Islam is related to the promotion of well-being and happiness in worldly life. Remember, finance is an integral part of society and life.

According to this, Islamic finance encourages socio-economic impartiality. For this reason, usury or interest may be prohibited.

Extra uncertainty or risk is prohibited due to excessive speculation and gambling.

Halal Trading And Interest

Interest is a predetermined payment paid above and over the primary amount for each commercial and personal loan.

According to Sharia law, charging interest or earning cash from cash is unlawful. The main reasons for condemnation are as follows:

Halal Forex Trading

As per Islamic finance Halal Forex trading may adapt to Sharia laws. Under normal circumstances, futures and forex trading in Halal finance fall into a Riba al-nasi’a category. In simple words, it is interpreted as (deferment) postponement, Riba.

It happens at the time of exchanging two products. One product is easy to hand over, and others may incur delays. Basically, Forex transactions have the same nature where the cash to cash transactions are common with a delayed settlement. Deferment may carry extra charges as rollover or swaps.

Remember, cash to cash transactions of various currencies with equal values are allowed. An exchange of the USD dollars for euros of equal value is halal. It implies that no interest is involved in Forex transactions. If payment is deferred or delayed, it may result in an al-nasi’a transaction.

As per the Sharia law, several platforms offer facilities of Halal trading to Muslims with easy access to different no swap accounts. Accounts with Sharia-compliant may not carry overnight rewards and charges. It is allowed to hold different positions for an indefinite period without any interest.

The outcomes of transactions of Forex exchange may mimic the market spot that has compliance with Sharia law. An SSB (Sharia Supervisory Board) is available to ensure legitimacy and ensure financial transactions.

A firm with SSB approval can offer its halal financial products. They must comply with ethical Islamic finance principles.

Muslim traders can work with financial institutions working under the seal of SSB. It may be an indication that transactions may not involve sneaky interest. They may not carry uncertainty (gharar) or additional risk.

Small Percentage

A majority of Islamic scholars approve of companies that only deal in a fraction of conventional or un-Islamic products and options. It is usually recommended for Islamic traders to give the percent of profits generated by the haram section out of the business. Hence, if a company’s gains come from alcohol, traders are required to donate 10 percent of their profits to charity.

Riba: What It Means

Riba is an important component of Islamic finance ethics. Riba plays a vital role for Muslim investors in Sharia-compliant financial saving, investing, and trading. Riba pertains to usury, interest, and unethical gains made in an investment, business or trade. Riba has been condemned in the Holy Quran and Hadith. Riba fundamentally refers to any increase, but the entire concept revolves around the fact that riba misrepresents wealth. This is because the lender can take unfair advantage of others and expand their wealth without contributing much to society.

Riba al-nasi’a alludes to an increase in capital owing to the passage of time. It is thus, one of the most common kinds of riba. Bonds also count as riba, hence they are not considered lawful for Muslim traders and investors. The forbidding of riba is among the main reasons why Muslim investors prefer stock investments over any other type of investment.

Advantages Of Halal Trading

The Islamic finance industry is growing in tandem with the Muslim economy. It is growing to cater to the requirement for increasing halal investment and trading products and options. Following are the advantages of halal investments and trading:

Social Accountability

Besides being Sharia-compliant, taking a socially accountable stance when it comes to finances, trading and investment lead to human rights preservation, ethical wealth distribution and investments that help diminish environmental decline.

Lowered Risk

Islamic investment principles mean that halal investment options and products are less vulnerable to fluctuations and changes in the market. International crises do not affect Islamic finance as much as they do more conventional forms of banking. In Islam, short-term speculation is considered unlawful, hence the exposure is a lot lower overall.

Increasing Fortune In a Halal Way

One of the most vital benefits for Muslim traders and investors. Halal investments allow Muslims to engage in and gain exposure within international markets. It also allows them to take part in responsible investments that call for moral due diligence.

Disadvantages Of Halal Trading

Similar to any kind of investment, Halal investment and trading have their drawbacks. Although Islamic finance does not stop Muslim traders from taking risks, it does not allow investments involving speculation. Following are the risks that come with Halal trading:

Restricted Opportunities

Since Halal investment products are relatively new to finance, finding lucrative opportunities may sometimes prove challenging for traders.

Due Diligence

Halal trading and investments involved greater information gathering compared to conventional investment. All the prior verification is time-consuming and calls for special attention to detail, something not every investor is ready to do.

Lack Of Diversification

Halal trading and investing call for a lot of time and consideration. This may lead to the portfolio not being as diverse or flourishing compared to conventional investments.

Halal Trading Final Verdict

You have seen that when it comes to halal trading, there are still some activities that have question marks beside them. As a Muslim, it is recommended that you watch out for such activities. However, trading with Forex and stocks is very much allowed in the Muslim community.

People with Islamic faith can gain the advantage of Halal trading. The Sharia-compliant accounts are available for your assistance.

This will not involve changes in the form of rollover or daily swaps. Fees of administration on trading products substitute all fees and you can have the best products as per the laws of Islam.

You can experience the power of MT4 and MT5 (MetaTrader) trading with different charges. These are transparent on different currency pairs, commodities and stock CFDs. The interest charges will be waived, and you should not worry about charges that could be hidden.

We've collected thousands of datapoints and written a guide to help you find the best Halal Trading for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best Islamic brokers below.

Reputable Halal Trading Checklist

There are a number of important factors to consider when picking an online Islamic trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Islamic Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Islamic Brokers of 2022 compared

Here are the top Islamic Brokers.

Compare Islamic Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are Islamic brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more Islamic brokers that accept Islamic clients

Broker IC Markets Roboforex XTB AvaTrade Pepperstone XM NordFX FP Markets EasyMarkets FXPro Plus500
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules
Min Deposit 200 1 No minimum deposit 100 200 5 1 100 100 100 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 10,000+ 250,000+ 300,000+ 89,000+ 3,500,000+ 10,000+ 10,000+ 142,500+ 1,866,000+ 22,000,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Guaranteed stop loss
  • Advanced Risk Management Tools
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
icmarkets
Sign Up with
roboforex
Sign Up with
xtb
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avatrade
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pepperstone
Sign Up with
xm
Sign Up with
nordfx
Sign Up with
fpmarkets
Sign Up with
easymarkets
Sign Up with
fxpro
Sign Up with
plus500
Risk Warning Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 71% of retail investor accounts lose money when trading CFDs with this provider 74-89 % of retail investor accounts lose money when trading CFDs CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits Losses can exceed deposits Your capital is at risk 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Demo IC Markets
Demo
Roboforex
Demo
XTB
Demo
AvaTrade
Demo
Pepperstone
Demo
XM
Demo
NordFX
Demo
FP Markets
Demo
easyMarkets
Demo
FxPro
Demo
Plus500
Demo
Excluded Countries US, IR, CA, NZ, JP US, JP, IR US, IN, PK, BD, NG , ID, BE, AU BE, BR, KP, NZ, TR, US, CA, SG AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW US, CA, IL, KR, IR, MM, CU, SD, SY US, CA, EU, RU, SY, KP, CU US, JP, NZ US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, CA, IR MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE


All Islamic brokers in more detail

You can compare Islamic Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Islamic Brokers for 2022 article further below. You can see it now by clicking here

We have listed top Islamic brokers below.

Halal Trading List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Zero account VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 22000000+ traders. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs.


Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules

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Losses can exceed deposits
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Losses can exceed deposits