We found 11 online brokers that are appropriate for Trading Halal.
Spread betting is unfortunately not considered halal under the Muslim faith.
Spread betting is a type of betting where you take a bet on whether a price value will increase or decrease by a specific margin. Spread betting on financial market asset prices are facilitated by a brokerage firm. Spread betting is a useful trading tool for some professional traders due to leverage. It can also be tax-free.
As such, spread betting is a form of gambling and it is deemed by Islamic scholars as unlawful (haram) but there are some Sharia-compliant investment alternatives like Sukuk or Murabahah.
A spread betting broker provides two cost estimates, the offer and offer cost (additionally called the spread), and speculators bet whether the cost of the financial asset for example a stock will be lower than the offer or higher than the offer.
The trader does not own any underlying assets of the financial item with spread betting. Trading instruments which do not give you ownership of the underlying asset is forbidden in Islam.
Officially, spread betting is classed as gambling by European regulatory bodies. The Financial Conduct Authority has pronounced 'rewards' from spread betting as currently tax free. So no capital gains tax with spread betting.
Spread betting is considered gambling under Islamic law. CFD trading and spread betting are considered under Islamic law to be very similar. Both Spread betting and CFD trading are thought of as very speculative.
Therefore many traders trade in a similar way to CFD trading. Spread betting is a leveraged trading method just like CFD trading. Understand the risks of both for trading.
Because you do not own the underlying asset which you are spread betting or CFD trading on both are not permitted under Islamic law.
Bottom line - spread betting is not halal.
Rulings from reputable Islamic financial institutions consistently classify spread betting as haram./p>
Could you refer me to specific findings or documents from reputable bodies such as the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) or the Islamic Fiqh Academy? It would also be helpful to know if any Sharia Boards of Islamic banks have discussed or issued guidelines on spread betting. Additionally, insights from publications by renowned Islamic scholars on this matter would be invaluable.
Since interpretations of Islamic principles can vary, I am particularly interested in guidance that directly addresses the nature of spread betting and its compatibility with Islamic finance. Your assistance in providing these details would greatly aid in making informed decisions that adhere to my faith.
Gambling is defined as any activity or practice of where money or property is risked for the chance of winning money or a prize. It may seem obvious what gambling is under Islamic law buy new technology and the internet has blurred what it is to gamble.
Gambling inherently relies on a significant degree of chance or randomness. Gambling in any form is not permitted under Islamic law. Gambling is haram.
Spread betting has a reputation in the Islamic world as being deceptive. In all financial and investment practices, earnings are legitimate only if they stem from owning an asset capable of generating value.
Islamic finance prohibits Riba, Gharar (excessive uncertainty), and Maysir (gambling), ensuring that all financial activities are conducted in a manner that is fair, transparent, and beneficial to society.
This framework encourages investments in assets that have inherent value and contribute positively to the community. Islamic finance distinguishes itself by focusing on asset-backed transactions and sharing of profit and loss.
These are also the reasons why CFD trading is forbidden by Islamic laws.
Trading such instruments are not allowed in Islam because they involve speculation on assets without actual ownership, similar to gambling.
Halal trading aligns with Islamic finance principles, promoting ethical investing and social responsibility. Investments are made in Shariah-compliant industries and instruments like Sukuk (Islamic bonds) and Murabahah (cost-plus financing).
In halal trading, investments must be made in Shariah-compliant industries, excluding businesses involved in alcohol, gambling, tobacco, and other haraam activities.
This ethical investment strategy not only aligns with the moral values of Muslim investors but also appeals to non-Muslims seeking socially responsible investment options.
Profit generation in Islamic finance is achieved without Riba. Instead, it employs profit-sharing schemes such as Mudarabah (a partnership where one party provides capital and the other provides expertise) and Musharakah (joint venture where all parties contribute capital and share profits and losses).
These arrangements foster a sense of mutual cooperation and risk-sharing, contrasting sharply with conventional finance's reliance on interest-based earnings.
Islamic finance also introduces innovative financial instruments like Sukuk (Islamic bonds), which represent an ownership interest in tangible assets or services and provide returns to investors without infringing on Shariah principles.
Another aspect is Islamic banking, which offers products like Murabahah (cost-plus financing) for personal and business finance without charging interest, adhering to ethical and religious norms.
Halal trading and Islamic finance highlight the potential for a financial system that prioritizes ethical considerations, equitable distribution of resources, and social welfare.
By adhering to Shariah-compliant practices, Islamic finance offers a viable alternative to conventional financial systems, demonstrating that profiting without Riba is not only possible but beneficial for society as a whole.
Spread betting is generally not considered halal under Islamic finance principles. This is because it closely resembles gambling, which is forbidden under Shariah law. Rulings from reputable Islamic financial institutions consistently classify spread betting as haram due to its reliance on speculation and lack of ownership of underlying assets. Additionally, spread betting may involve elements of uncertainty and interest, both of which are also prohibited.
The information in my guide just for general knowledge and not is any way a substitute for professional financial or religious advice.
We have conducted extensive research and analysis on over multiple data points on Is Spread Betting Halal to present you with a comprehensive guide that can help you find the most suitable Is Spread Betting Halal. Below we shortlist what we think are the best Halal Trading brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Is Spread Betting Halal.
Selecting a reliable and reputable online Halal Trading 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 Halal Trading more confidently.
Selecting the right online Halal Trading 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.
When choosing a broker for Halal Trading trading, it's essential to compare the different options available to you. Our Halal Trading 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 Halal Trading broker that best suits your needs and preferences for Halal Trading. Our Halal Trading broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Halal Trading Brokers.
Compare Halal Trading brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Halal Trading broker, it's crucial to compare several factors to choose the right one for your Halal Trading needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Halal Trading brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Halal Trading brokers that accept Halal Trading clients.
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IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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EasyMarkets
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FXPro
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ThinkMarkets
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FXPrimus
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. 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) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | 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) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) | VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 25 | 100 | 50 | 15 |
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Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 250,000+ | 7,800,000+ | 450,000+ | 300,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) | WebTrader, MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play) |
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Up with fxprimus |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 61% of retail investor accounts lose money when trading CFDs with this provider. | 69% - 83% 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. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
easyMarkets Demo |
FxPro Demo |
ThinkMarkets Demo |
FXPrimus 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, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, 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, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | 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 | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
You can compare Halal Trading 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 Halal Trading Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Halal Trading brokers below.
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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% 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.
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