Top Is Forex Trading Halal for 2024

We found 11 online brokers that are appropriate for Trading Is Forex Trading Halal.

Best Is Forex Trading Halal Guide

Analysis by Andrew Blumer, Updated Last updated - March 26, 2024

Is Forex Trading Halal

If trading on the Forex markets is not as popular with Muslims as it is all over the rest of the world, It is not because the Muslim community is less active in financial markets.

On the contrary, there are a lot of rich Muslims and they make their fortunes in several financial sectors.

Having said that, when it comes to trading, they face a serious problem, which is none other than Islamic Sharia.

Indeed, it imposes several conditions and it is not easy for a Muslim trader to generate profits without going against their religious beliefs.

To help those who need it, we will demonstrate here on how to trade Forex, while respecting Sharia laws.

Forex Trading - Halal or Haram Fatwa

Usury has been completely prohibited in Islam, and it is clear and agreed by all religious scholars. This issue requires that any type of deals or contracts that contain usurious elements are not permissible in Islam.

Although dealing in currencies is legally permissible the transaction turns into a forbidden act by entering usury and gambling on it. This is required for the exchange to take place after the passing of a certain period of the contract and not to deposit the amount in the contractor's account until after that period has passed.

Many fatwas have been issued related to this topic, and what is confirmed is that the majority of religious scholars agree that working in Forex is permissible and that it has been practiced for many years.

” He narrated by the authority of Ubadah ibn Al-Samit, may God rain blessings upon him, that he said that the Prophet (PBUH), said: “Gold is for gold, silver for silver, and barley for barley, dates with dates, and salt with salt, for example, in the same way, whether equally, hand to hand. Bid ”(Sahih Muslim 1587).”

Based on what was referred to in the previous hadith, there is not a problem with such dealings in Islamic Sharia, because they fulfill all the necessary conditions for correct Islamic dealings, and they do not contain matters that are inconsistent with the Islamic Sharia and its provisions.

Therefore, there is nothing wrong with dealing in Forex because these transactions are allowed in accordance with Islamic law.

What Is Currency Trading In The Islamic Faith?

Currency trading or Forex trading in traditional terms is one of the largest financial markets that deal with the currency pair exchange. A Forex trader operates 24/7 in exchanging different currencies. Though the volume of in foreign exchange market is high, the number of traders is not that much.

is Forex trading halal? A popular question among Islamic traders which as it turns out, Forex trading is certainly halal under the right conditions. trading Forex under the teachings of Islam is not only a lucrative means of earning but also halal and secure. islamic Forex accounts are the go-to means when it comes to avoiding Forex trading haram.

What Islam Says On Online Forex Trading?

If you've been trading online for a while, you've probably noticed that a lot of brokers who offer Islamic Forex accounts.

This is a platform that was created with the aim of never breaking Islamic laws, so if you open an Islamic account you will not earn any interest. Undeniably, this form of income is strictly prohibited in Islam.

Furthermore, this element forms the basis of the difference that exists between traditional trading accounts and Islamic accounts.

To put it another way, any form of gain in value that comes from a delay in time is considered Haram, or a sin and it should also be noted that other forms of income are prohibited by Sharia, such as profits on margins, and profits on currency conversions.

Note that for Islamic banks, gains on transactions are particularly prohibited.

Before going into details, we suggest you understand the basic principle of Islamic trading.

Indeed, when a Muslim trader wishes to enter the stock market, it is important that he respects the following three rules:

Although these conditions may seem strict to you, you are probably wondering how it is possible to trade without breaking them. However, the world of trading provides interesting and extremely practical solutions, which make Islamic trading just as accessible as traditional trading.

Due to the constraints that are imposed by the Islamic law, it is reasonable to presume that accounts that are compatible with Sharia will be more expensive than those that are not.

However, this is absolutely wrong! In fact, everything will depend on the performance of your broker. The best Forex brokers and trading platforms will offer Muslim traders looking to trade currency markets competitve Islamic trading account trading features and fees on trading major, minor and exotic currency pairs. Muslim Sharia law prohibits people of the Islamic faith from receiving profits on Swap currency trades.

For those who do not know what a Swap is, it is the gain that is generated by maintaining an open position in the stock market. This type of gain represents a respectable portion of the income of the best traditional traders.

Advantages Of Halal Forex Trading

Halal Forex trading allows Muslim Forex traders who follow the Islamic faith to manage risk when trading currencies using hedging trades. Skilled Muslim Forex traders may be able to profit from the volatile Forex currency pair price movements on global financial currency markets.

Since currencies in forex trading are always involved in a pair, it is not required for Muslims to borrow any asset or pay any interest when they execute a short currency transaction on a price in forex trading since currencies are always traded in pairs. Since Forex trading does not include borrowing assets or interest-bearing elements like money or other currencies, it is permissible for Muslim traders who adhere to the teachings of the Islamic religion to participate in this market.

Disadvantages Of Halal Forex Trading In Islam

Because halal Forex currency traders do not have access to a currency swap, Muslim currency traders will not be able to reap the benefits of carry trading tactics or the positive interest payments that are frequently made to short Forex positions. This is because positive interest payments are typically made to short Forex currency positions.

Some Forex trades may be considered haram as they are under a grey area among Muslim scholars and Sharia Law.

Trading Halal Or Haram

So is Forex trading allowed in Islam? Absolutely, but there are a few conditions. Islamic Forex trading strictly follows the principles of Sharia law which dictates how Muslim traders really should enter currency exchange markets.

The following are the more detailed Islamic principles of Forex trading that all traders must abide by. Of course, you are aware of the basic elements, but it goes deeper than the aforementioned elements.

Riba based transaction is prohibited, receiving any riba or interest rate goes against the sharia law.

Investment objectives must stay clear of gambling or narcotics.

Risk should be shared in sharia law investments.

Islamic principles apply to all financial transactions according to islamic law. However, these principles will not fit into Western or other foreign exchange market. Such matters are resolved in Forex companies backed by Islamic authorities. Forex trading halal is carried out using swap free accounts which do not have any interest or riba. This allows traders to deal hand to hand or for Forex traders to start online Forex trading, swap free.

The Islamic principles are not limited to Forex trading, one can deal CFD trading halal or start trading stocks as well in the same sitting all in accordance with the Islamic law. Forex trades are more popular among brokers, but should Forex traders who practice Islam enter the market, they can only be trading Forex using a swap free account.

Problems With Trading halal Forex

Forex trading in Islam is not without certain issues as Islamic rules and regulations do not work well with the Western Forex market. These include trading cfds, hand to hand trades, and private investors who indulge in trading leveraged products not permissible according to islamic law. Stock traders, for instance, can trade shares so long as the company shares are not from riba businesses or from gambling or other illicit activities not permitted in Islam. It may sound simple on paper, but in practice, it can be tedious to understand if the financial transactions of the company are from haram business conducts. This issue is further dissected and discussed if the company shares are a mix of halal and haram. Issues such as these can give the wrong impressions or result in haram trading when it is halal.

Is Forex Trading Gambling Is Islam?

People who speculate on the result of an event over which they have little to no influence are considered to be gambling in Islam. If you want to avoid the temptation of gambling, you need make sure that the odds are always in your favor. To put it another way, the odds are stacked against you, and there is nothing else you can do but take action.

The Prophet Muhammad (peace be upon him) sanctioned some types of gambling, but only on the condition that the person really take part in the game. For instance, participants in a race on horses were permitted to wager on their talent versus that of other participants in the race on horses, but spectators were not permitted to do so. It appears that participation has a role, at least to some extent, in determining whether or not Muslims consider the activity to be gambling.

Islamic Forex Accounts

Many people hesitate jumping into Forex trading under the Forex trading haram assumption. It is true that Islamic Forex trading is different than traditional currency trading, however, to compensate for this, Islamic brokers offer the chance to create swap free accounts. several Islamic traders take advantage of halal Forex trading, it is the best way to enter the currency exchange business under Islamic law.

Some Forex brokers provide the option for creating an Islamic Forex account. on the other hand, there are Muslim Forex accounts that are standalone, meaning you can find a foreign exchange market dedicated to halal trading accounts. Finding a Forex market that offers swap free accounts under Islamic law requires a thorough background of the Forex broker before considering creating a swap free trading account.

Creating A Muslim Forex Account

In order to enjoy the benefits of Islamic trading accounts, you are going to have to look for brokers who offer a Halal alternative in their accounts.

That said, not all these brokers will have the same offers and the same level of flexibility.

Even in this context, there are often some gray areas that you could use to your advantage, or avoid altogether, to stay safe.

Once you have found a good broker, all you have to do is go to their official website and register.

The broker will ask you to provide certain documents, such as a copy of your national identity card, or your passport, and he may ask you for a proof of direct debit, etc.

Finally, you must finalize your registration and start trading after choosing an Islamic trading account.

Note that all the transactions you will be able to perform on this account will be 100% in accordance with Islamic laws. Furthermore, to make deposits into the account, only the best Forex brokers will only offer you the methods that Sharia accepts.

Is Forex Trading Halal Conclusion

Since Sharia formally prohibits Muslims from receiving interest, they will not be able to benefit from Swaps.

In return, they will be able to access exclusive fees, which are significantly lower than those for Standard accounts.

In this sense, Islamic trading accounts are great for novice traders, who are still looking to stabilize in the market.

People who speculate on the result of an event over which they have little to no influence are considered to be gambling in Islam. If you want to avoid the temptation of gambling, you need make sure that the odds are always in your favor as a Muslim Forex trader.

We have conducted extensive research and analysis on over multiple data points on Is Forex Trading Halal to present you with a comprehensive guide that can help you find the most suitable Is Forex Trading Halal. Below we shortlist what we think are the best is forex trading halal after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Is Forex Trading Halal.

Reputable Is Forex Trading Halal Checklist

Selecting a reliable and reputable online Is Forex Trading Halal trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Is Forex Trading Halal more confidently.

Selecting the right online Is Forex Trading Halal trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

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

Compare Key Features of Is Forex Trading Halal in Our Brokerage Comparison Table

When choosing a broker for is forex trading halal trading, it's essential to compare the different options available to you. Our is forex trading halal brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a is forex trading halal broker that best suits your needs and preferences for is forex trading halal. Our is forex trading halal broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Is Forex Trading Halal of 2024 compared

Here are the top Is Forex Trading Halal.

Compare is forex trading halal brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a is forex trading halal broker, it's crucial to compare several factors to choose the right one for your is forex trading halal needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are is forex trading halal. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more is forex trading halal that accept is forex trading halal clients.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade NordFX EasyMarkets FXPro Plus500
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) 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 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), Central Bank of Ireland Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 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) FSA, 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, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA
Min Deposit 200 10 100 No minimum deposit 5 200 100 1 100 100 100
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+ 1,000,000+ 30,000,000+ 935,000+ 10,000,000+ 400,000+ 300,000+ 10,000+ 142,500+ 1,866,000+ 24,000,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • 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
  • 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
  • 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
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN 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, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, Tablet & Mobile apps MT4, MT5, Web Trader, TradingView, 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
etoro
Sign Up with
xtb
Sign Up with
xm
Sign Up with
pepperstone
Sign Up with
avatrade
Sign Up with
nordfx
Sign Up with
easymarkets
Sign Up with
fxpro
Sign Up with
plus500
Risk Warning Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. 76-85% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. 74-89 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider 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 82% 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
eToro
Demo
XTB
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
Demo
NordFX
Demo
easyMarkets
Demo
FxPro
Demo
Plus500
Demo
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR 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, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, CA, EU, RU, SY, KP, CU 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, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO


All Is forex trading halal in more detail

You can compare Is Forex Trading Halal 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 Is Forex Trading Halal for 2024 article further below. You can see it now by clicking here

We have listed top Is forex trading halal below.

Is Forex Trading Halal 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 : 10
Roboforex was established in 2009 and is used by over 1000000+ traders. Losses can exceed deposits Roboforex offers Forex, 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 VIP account
Regulated by RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
eToro
(4/5)
Min deposit : 100
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 30000000+ traders. 76% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

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 FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 935000+ traders. 76-85% 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 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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 Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 400000+ 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
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 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), Central Bank of Ireland
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
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, TradingView, 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 24000000+ traders. 82% 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, CFD Shares, CFD Indices, CFD Forex, CFD Commodities, CFD ETFs, CFD Options, CFD Futures, Real shares via Plus500Invest .


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) FSA, 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, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA

Learn more Learn more about IC Markets.
Losses can exceed deposits
TRADE NOW Try IC Markets today
Losses can exceed deposits