15 Best Swap Free Islamic Trading Accounts 2022

Swap Free Islamic Trading Accounts Guide

Updated August 13, 2022

Islamic Trading Accounts

You have heard that a Muslim who observes Shari’a law or Islamic finance rules can have a Forex trading account and practice their faith, in good conscience.

You have heard that Forex trading can be a profitable investment.

You would like to know more.

Do you understand the basics of Islamic trading?
Are you a practicing Muslim who obeys Shari’a or Islamic law?
If so, you might find this article very informative.

What Is Islamic Forex Trading?

Islamic Forex Trading means exchanging currencies for profit while following Islamic rules on finance. Forex is short for 'foreign exchange'. More specifically, it is a foreign currency exchange. Unlike traditional forex trading, Islamic trading is different as trades are conducted under sharia law.

It is the process of converting or trading one currency for a different currency. The reasons for this exchange vary. But here is one reason that supplies an elementary explanation of why people would want to trade national currencies and how it's done.

Let’s assume that you are in a foreign country that does not accept the native currency of your homeland. In other words, your dollars may make you rich in your own country, but they lack purchasing power in another country. They will not buy you anything where you are now. For example, You can't spend Bahamian dollars in the United States.

You cannot spend Mexican pesos in the U.S. You can't spend the Japanese yen in the U.S. Those foreign currencies have no value in the USA. You cannot go into a store and purchase a product. You cannot go to a restaurant and order a meal. So, you have to go to a foreign currency exchange (a cashier's office probably located in an American bank) and trade or exchange those colorful paper notes with the face of Queen Elizabeth or Benito Juárez or FUKUZAWA Yukichi for U.S. dollars with pictures of dead presidents that you can spend!

That is basically the Forex process in a nutshell. As mentioned before, Islamic Forex trading is somewhat different.

Islamic Forex accounts, also commonly termed swap free trading accounts, are halal trading accounts that do not involve the accumulation, collection, or paying of interest. This is all in accordance with Shari’a law. Such accounts do not involve the use of forwarding contracts or futures. When you use an Islamic Forex trading account, all your transactions (transaction costs included) will take place in an instant without any delays.

What Is An Islamic Trading Account

An Islamic trading or Forex account is a type of trading account that is considered halal. It is offered to individuals who respect and follow the teachings of the Quran and those who aim to invest in the stock market abiding by the tenets of Islamic Finance. Also referred to as swap free forex accounts, these types of accounts vary in numerous ways when compared to conventional Forex accounts. Shari’a law, in essence, forbids the stockpiling of interest. Traders who own Islamic accounts do not receive or pay interest rates due to this. Aside from that, transactions carried out in accounts contingent on Islamic finance should essentially be executed without any delays. That means that currencies must be sent from one account to another immediately. Transaction fees must also be paid straight away.

Even though halal investment in foreign exchange accounts is not exactly recent innovation in terms of Islamic finance, there are still a few swap-free stockbrokers offering Islamic accounts. Most often, this variety of trading account is not facilitated by brokers; the reason being that they are seen by them as less profitable and the number of customers demanding them is usually limited.

Are Islamic Trading Accounts Halal?

Islamic Trading accounts are commonly described as “swap-free” accounts. True to their name, swap-free accounts are the types of trading accounts that do not create swaps. A “swap” in forex is a turnover interest or commission that a broker charges when a client of theirs makes a decision to keep their position open overnight. Swap-free trading accounts are known not to offer swap interest. This makes them excellent for Muslim traders. This is also the reason why swap-free accounts are also referred to as Islamic foreign exchange accounts. After all, they are the only kinds of accounts offered that are swap-free. While swap-free accounts are usually meant for Muslim traders, Islamic brokers can also offer them to non-Muslim traders.

Islamic accounts are essentially designed to suit Muslim traders as they are in conformity with Islamic law in the sense that they do not incur swaps or interest fees on positions held overnight. Instead of that, the client is required to pay an application fee on such positions which are subtracted from the balance of the holder’s account. So, by getting rid of swap interest costs, Islamic trading accounts are, without a doubt, halal. Additionally, halal forex brokers can offer services on any halal trading platform.

Is Trading Allowed In Islam

Acquiring interest, or to put it more plainly, usury is not allowed in Islam. It also has a quite broad definition. This suggests that any contract or deal that involves interest or “Riba” is not permitted on the basis of Islamic law. For quite a time, retail foreign exchange brokers followed the practice of either paying or charging traders interest derivatives between the two elements of any currency pair with a position remaining open overnight. With the passage of time, a majority of foreign exchange brokers evolved into Islamic Forex brokers as a result of market forces and the rising demands of the Islamic trading community. These forex swap free brokers began offering Muslim Forex accounts, ones that would work without conventional interest payments. They carried this out by charging customers with raised commissions in spot Forex trading positions. While this is practiced by most Islamic Forex brokers, it still holds a rather hidden interest element, which can make Forex trading problematic on the basis of Islamic law.

However, halal Forex brokers offer regular spot trading with no interest payments. In addition to the spot trades, brokers do not charge for overnight positions which could do away with the problem of riba.

Islamic Swap Free Trading Accounts

Essentially, Forex trading is halal. It allows traders to utilize most they can from a swap-free trading account. In that case, there is no element of interest or riba. Trading is not haram, in general. Some hold the opinion that Forex trading is permissible when the right kind of analysis is put to use. When traders are able to predict when the value of a certain currency is set to increase or decrease (that too without speculation), they are thus not acting as gamblers.

On the other hand, if an Islamic trader times the time of their trader in order to get the most favorable results, it will be deemed as against the law set by Islamic finances as there will be a certain amount of speculation involved.

Ideally, in accordance with Islamic finances, Islamic forex trading must take effect immediately without little to no delays. As it is considered a natural component of commerce permitted by Islamic law. Islamic traders must trade with fundamental or chart-oriented analysis. This act makes Forex trading in Islam admissible as it is dictated in the Shari’a law. The regular kind of chart-focused analysis can be viewed as speculation, which is not permissible.

All in all, keeping all this in mind, trading in Islam can often turn haram. It is still possible (and easier), however, if you opt for an Islamic Forex account providing swap-free trading i.e., one that has been intended for traders who cannot receive or pay swaps or turnover interest on overnight positions because of their religious beliefs, in compliance with Shari’a law. Another way to trade halal is with Islamic trading platforms that ensure swap free forex trading.

The Target Demographic For Islamic Trading Accounts

Traditional trading accounts tend to charge traders interest on specific trades. This can be a problematic situation for Islamic traders since making money out of money (also called riba) is discouraged by Shari’a law. In addition, gharar or gambling is strictly prohibited according to Islamic finance laws. Gharar refers to volatile circumstances in the foreign exchange market that make it complicated to confidently predict what is bound to happen. This counts as gambling in Islamic finance.

Opening An Islamic Trading Account

To be eligible for opening an Islamic trading account, you may be required by the broker to provide proper documentation, such as your identification. You may need to provide a document that proves your faith as well.

Islamic trading accounts apply the Shari’a law to online foreign exchange trading. Hence it is for Muslim traders, i.e., those wishing to incorporate the teachings of the Holy Quran with their life activities. The Holy Quran stipulates a law referred to as the Shari’a law that involves rules on how the followers of Islam should live and interact in society. It involves guidelines of behavior on family matters, sustenance, finance, and more.

Once a Muslim trader has understood the conditions of their chosen Islamic broker and practiced trading in a demo account, they can set up an Islamic account to begin trading. When you open a trading account, you are required to provide your information and fund it. Then you refer to their customer support for more information.

Benefits Of Islamic Accounts

Islamic trading accounts have numerous benefits that make them stand out from conventional trading accounts. The primary difference that sets Islamic accounts apart from regular ones is that there are no swap commissions involved. This is a crucial benefit since you can simply open long-term trading positions without worrying about reducing your gains because of swap commissions. Hence, swap free accounts are the go-to at Islamic trading platforms.

The second main benefit is that you can open positions in currency pairs that involve high swap costs (most particularly exotic pairs).

Yet another advantage is that Muslim traders can engage without going against their religious beliefs. There is also the Mudarabah Agreement in which both parties share their profit and loss.

Drawbacks Of Islamic Accounts

There are certain drawbacks to Islamic accounts as there are benefits to them. The removal of the swap commission can also be potentially bad for Halal traders since they will not be able to take advantage of the positive interests often paid to short positions. This also involves the benefits of carry-trading strategies.

To remain lucrative after the removal of interest, the non-swap broker will charge an administrative fee as financial institutions do in Islamic finance.

What About Islamic Forex Trading Online?

There is actually an online global marketplace where you can trade national currencies (Such as GBP, US Dollar, Yen, Euro, etc.). Many people engage in online Forex trading. They don't have to physically take their currency to a bank. They do not even have to leave their country. They can just open an online trading account with a reputable company that has the technological tools and start trading.

If you use these search terms “where to open online Forex trading account”, the results will display various platforms. Some companies require minimum deposits to open an account (anywhere from $10,000 to $100,000). Some companies service clients worldwide. Do your research (or get sound advice from a finance professional) and pick the one that works best for you.

Online forex accounts open doors to a wider market. An Islamic trade site not only opens access to wider regions but permits halal trading with them as well. There are many halal trading platforms online that utilize swap free trades for Islamic traders. Creating a swap free trading account with a halal forex trading platform.

Islamic Trading Mobile Apps

Furthermore, there are Islamic trading mobile apps that make trading more convenient. An Islamic trading app allows you to make a trading app through your phone with the best halal trading platform and manage your account afterward. Halal trading apps are useful, instantaneous, and easy to use. It is an important tool to have if you want to take Islamic forex trading to the next step.

Through your forex Islamic account, you can trade various currencies around the world in what is known as the exchange rate pair. It is the exchange rate or price quote for two currencies that are being traded. The most common pairing is EUR/USD, i.e. the Euro/dollar against the U.S. Dollar. If you watch or keep up with business or financial news reports you will note they have a segment in the program that specifically reports on the currencies of the world.

They recommend trading or exchange strategies, discuss top stories or current events that impact the currency markets, and talk about anything and everything that is relevant to Forex trading. Do a generic search “business news Forex”.

Can Everybody Engage In Forex Trading?

Before you consider engaging in Forex trading, it is important to understand that not everyone makes a profit, nor does everyone lose. The way this particular market works is that there is always someone who is making a huge profit from trading, while someone else is incurring a loss on trading. Profiting from Forex trading is based on experience, knowledge, and research. If this does not come in the way of you venturing into Forex trading, there might be other factors to consider, i.e., your region and religion.

Not every country allows Forex. There are some countries that ban it or restrict it. As of 2022, the countries which ban Forex are Belgium, Bosnia Herzegovina, France, Israel, Malaysia, North Korea, countries that enforce Shari’a, e.g. Pakistan and India.

Islamic Trading Regulation

Of course, this list is subject to change moving forward. Depending on what the administration of each government decides is in the best interest of its citizens, forest trading may either remain banned or be allowed. Note that the government of India does allow its citizens to engage in certain Forex markets so long as they follow established by the SEBI (Securities and Exchange Board of India).

In the United States, Forex trading online or offline is perfectly legal. The US Commodity Futures Trading Commission (CFTC) and the US National Futures Association (NFA) publish the “rules of the game” and they regulate! There are no restrictions based on religion unless you happen to be a Muslim who strictly observes Shari’a or Islamic law. The secular laws of the country won't prevent you from engaging in Forex trading. However, the rules of Islamic finance might.

Islamic Forex trading is also legal in the UK as long as the Islamic Forex broker is regulated by the (FCA).

What Are Islamic Forex Trading Accounts?

Islamic Forex Trading accounts or halal Forex trading accounts, also referred to as ‘no-swap accounts’, allow Muslims to engage in online Forex trading without violating what the Shari’a law stands for.

Traders of the Islamic faith can find information on how to set up an online Forex trading account by visiting one of our listed brokers below.

How Do I Get An Islamic Trading Account

An Islamic trading account can be acquired via the following steps:

Choosing a platform/broker that offers Islamic trading.
Registering and verify your account by providing all the documentation required.
Funding your trading account.
After you have completed funding your account, you can move on to apply for an Islamic account in compliance with the Shari’a law. Your chosen platform will then forward the request to their relevant department for review and authorization. It usually takes a platform 1 to 2 working days to process a request.

Picking An Islamic Forex Account

The information supplied in the aforementioned article is very detailed.

It outlines what the Shari’a law expressly prohibits;
It cautions or advises that not all brokers are reputable and follows the religious guidelines (even though they say they do);
It provides a list of Forex brokers that offer Islamic Forex Trading accounts for you to choose from.

For each broker listed there are details on deposit requirements, and whether the trading platform is desktop, a mobile app, or web-based.

This article is intended to serve as an introduction to Forex trading and specifically, Islamic Forex Trading Accounts. Below please find additional reading and reference materials to help you continue your education.

The Key Beliefs Of Halal Forex Trading

Islamic finance comes with four main principles:

Discouragement against gambling.
Risk and benefit distribution.
Prompt exchanges in the framework of trading procedures.
Discouragement against receipt and payment of any interest rate, also known as Riba.

These main principles do not always fit into the conventional i.e., Western trading and banking practices, and to regard the principles of Islamic finance, specialized trading accounts have been established, mainly known as “Islamic accounts.”

Islamic accounts are provided to clients who aim to conduct halal Forex trading without resorting to disconnecting their investment and trading activities from their religious practices.

Generally, such accounts are very similar to conventional trading accounts, only a specific set of elements have been arranged to comply with the basic principles of Islamic finance. Most notable is the swap free forex trading.

Islamic Trading Accounts: Commissions

One of the major features of Islamic trading is swap free trading. Islamic trading accounts are known for not generating any swap interest like most conventional trading accounts do. The swap refers to interest either received or paid by the trader when they leave a position open overnight. The charges on the trade of currencies are considered haram, and against the Sharia law in Islamic finance.

The existence of Islamic currency trading accounts removes these interests and that enables Muslim traders to conduct trades in a reputable halal trading platform.

When it comes to commissions, all Muslim clients who regularly make use of Islamic trading accounts pay margins, administrative charges, and commissions. These are not considered riba.

Prohibitions In Islamic Finance

Following are the practices disallowed or discouraged in accordance with Islamic finance:

Overnight Trading Positions

Shari’a law has prohibited trading accounts from receiving rollover points on the positions that they keep open at the NY close of 5 pm (EST).

Margin Deposit Interest

Shari’a law discourages the accumulation of interest on any capital deposited in an Islamic trading account.

Loans

The funds transferred by banks as loans to clients with interest involved are deemed unlawful since they involve riba. Signed pledges and oaths are also a part of this category.

Short Sales

Parttakng in short sales by purchasing and immediately selling an asset is haram. This issue mostly involves stock trades instead of foreign exchange trades.

Margin Trading

The trade of stocks on margin requires paying interest (which counts as riba) for borrowing money from a stockbroker to purchase or sell equities is against Shari’a law. On the other hand, trading forex involves a margin deposit with no interest whatsoever when you conduct a transaction on margin.

Forward Sales

Shari’a law discourages contracts and agreements that involve buying and selling at a future date on a price established in the present. This would keep the trader from taking part in trading futures and forward contracts.

Scalping In Islamic Trading Accounts

Scalping is a trading style similar to intraday trading. It involves the opening of positions (done by the trader) that are closed immediately. They can either be closed in a few minutes, or even in mere seconds.

A scalper’s (meaning a trader who takes part in scalping) main goal is to open numerous small trading positions by earning a few select points in all of them.

The main benefit associated with scalping is that, similar to intraday trading, positions are closed quickly, leaving no room for interest. That is because the position is closed after a few moments or minutes. Consequently, a Muslim scalper can also use a standard trading account instead of needing an Islamic trading account.

Islamic Trading Accounts Verdict

Islamic trading is widely practiced by Muslim traders because of the benefits it provides. One main benefit is that Muslim traders are not forced to do anything their faith deems immoral or haram. Another major advantage is the removal of swap commission on Islamic trading accounts during exchanges. Owing to the widespread use of Islamic trading accounts, Islamic trading has gained traction even in the world of traditional trading, and will likely continue to do moving forward.

We've collected thousands of datapoints and written a guide to help you find the best Islamic Trading Accounts 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 trading accounts below.

Reputable Swap Free Islamic Trading Accounts Checklist

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

Check your Islamic Trading Accounts broker has a history of at least 2 years.
Check your Islamic Trading Accounts broker has a reasonable sized customer support of at least 15.
Does the Islamic Trading Accounts broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
Check your Islamic Trading Accounts broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
Does your Islamic Trading Accounts broker have an international presence in multiple countries. This includes local seminar presentations and training.
Make sure your Islamic Trading Accounts can hire people from various locations in the world who can better communicate in your local language.

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 Trading Accounts.

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

Minimum deposit to open an account.
Available funding methods for the below Islamic Trading Accounts.
What you are able to trade with each brokerage.
Trading Platforms offered by these brokers.
Spread type (if applicable) for each brokerage.
Customer support levels offered.
We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.

Top 15 Islamic Trading Accounts of 2022 compared

Here are the top Islamic Trading Accounts.

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

All brokers below are islamic trading accounts. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more islamic trading accounts that accept islamic trading accounts clients

Broker	eToro	IC Markets	Roboforex	AvaTrade	XTB	XM	Pepperstone	FP Markets	NordFX	Plus500	EasyMarkets
Rating	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆
Regulation	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	Cyprus Securities and Exchange Commission (CySEC)	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), 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	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), Cyprus Securities and Exchange Commission (CySEC)	Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008	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	Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
Min Deposit	10	200	1	100	No minimum deposit	5	200	100	1	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	27,000,000+	180,000+	10,000+	300,000+	250,000+	3,500,000+	89,000+	10,000+	10,000+	15,500+	142,500+
Benefits	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	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 Offers STP Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit	Low min deposit Guaranteed stop loss Advanced Risk Management Tools	Allows scalping Allows hedging Low min deposit Guaranteed stop loss Offers Negative Balance Protection
Accounts	Demo account Standard account Islamic account	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 Micro account Mini account Standard account Managed account Islamic account	Pro account Demo account Micro account Mini account Standard account Islamic account	Demo account Micro account Standard account Zero spread account Islamic account	Demo account Standard account Zero spread account ECN account Islamic account	Demo account Mini account Standard account Zero spread account ECN 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 Standard account Islamic account
Platforms	Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac	MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps	Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5	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	MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps	MT4, MT5, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, MT5, 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 etoro	Sign Up with icmarkets	Sign Up with roboforex	Sign Up with avatrade	Sign Up with xtb	Sign Up with xm	Sign Up with pepperstone	Sign Up with fpmarkets	Sign Up with nordfx	Sign Up with plus500	Sign Up with easymarkets
Risk Warning	78% of retail investor accounts lose money when trading CFDs with this provider.	Losses can exceed deposits	Losses can exceed deposits	71% of retail investor accounts lose money when trading CFDs with this provider	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.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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	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 can afford to take the high risk of losing your money.	Your capital is at risk
Demo	eToro Demo	IC Markets Demo	Roboforex Demo	AvaTrade Demo	XTB Demo	XM Demo	Pepperstone Demo	FP Markets Demo	NordFX Demo	Plus500 Demo	easyMarkets Demo
Excluded Countries	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, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN,	AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA	US, JP	BE, BR, KP, NZ, TR, US, CA, SG	US, IN, PK, BD, NG , ID, BE, AU	US, CA, IL, KR, IR, MM, CU, SD, SY	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, JP, NZ	US, CA, EU, RU, SY, KP, CU	MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE	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

eToro Risk Disclosure

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. 67% 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.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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.

All Islamic trading accounts in more detail

You can compare Islamic Trading Accounts 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 Trading Accounts for 2022 article further below. You can see it now by clicking here

We have listed top Islamic trading accounts below.

Top Islamic Trading Accounts for 2022 guide by Andrew Blumer last updated on August 13, 2022

Swap Free Islamic Trading Accounts Table of Contents

What is Islamic Forex Trading?
What About Islamic Forex Trading Online?
Can Everybody Engage in Forex Trading?
What are Islamic Forex Trading Accounts?
Picking a Islamic Forex Account
Swap Free Islamic Trading Accounts Explained
6 Factors to Consider when Choosing Swap Free Islamic Trading Accounts
Are Your Swap Free Islamic Trading Accounts Trusted And Established?
Are The Swap Free Islamic Trading Accounts World Leading?
What are the Swap Free Islamic Trading Accounts Commissions and Fees?
What are the Swap Free Islamic Trading Accounts Funding and Withdrawl Methods?
Find Swap Free Islamic Trading Accounts with Round-the-clock support?
Make sure the Swap Free Islamic Trading Accounts Offer Comprehensive Trader resources?
Why Swap Free Islamic Trading Accounts needs to be regulated?
Swap Free Islamic Trading Accounts FAQ
What are the best Islamic trading accounts brokers?
What is the best Islamic trading account broker?
Related Swap Free Islamic Trading Accounts Reviews
Related Swap Free Islamic Trading Accounts Alternatives
Related Swap Free Islamic Trading Accounts Comparisons

Swap Free Islamic Trading Accounts Explained

Trading the financial markets with Swap Free Islamic Trading Accounts when conditions are volatile can be difficult, even for experienced traders.

Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Swap Free Islamic Trading Accounts is the platform that a Swap Free Islamic Trading Accounts offer.

Choose Swap Free Islamic Trading Accounts that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need Swap Free Islamic Trading Accounts that you can rely on.

6 Factors to Consider when Choosing Swap Free Islamic Trading Accounts

Follow these five rules for selecting a broker that's right for you:

Are Your Swap Free Islamic Trading Accounts Trusted And Established?

Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Swap Free Islamic Trading Accounts broker is eToro. Established in 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.

eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.

Another top rated broker is IC Markets.

IC Markets was established 2007, and in operation for 12 years IC Markets have a head office in Australia.

IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.

Broker	eToro	IC Markets	Roboforex	AvaTrade	XTB	XM	Pepperstone	FP Markets
Year Established	2007	2007	2009	2006	2002	2009	2010	2005
Head Office	Cyprus, UK	Australia	Cyprus	Ireland	Poland	Cyprus	Australia	Australia
Regulation	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	Cyprus Securities and Exchange Commission (CySEC)	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), 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	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), Cyprus Securities and Exchange Commission (CySEC)
Used By	27,000,000+	180,000+	10,000+	300,000+	250,000+	3,500,000+	89,000+	10,000+
Negative balance protection	Yes	Yes	No	No	Yes	Yes	Yes	Yes
Guaranteed Stop Loss	No	No	No	No	No	No	No	No
Learn More	Visit eToro	Visit IC Markets	Visit Roboforex	Visit AvaTrade	Visit XTB	Visit XM	Visit Pepperstone	Visit FP Markets
Risk Warning	78% of retail investor accounts lose money when trading CFDs with this provider.	Losses can exceed deposits	Losses can exceed deposits	71% of retail investor accounts lose money when trading CFDs with this provider	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.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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	Losses can exceed deposits

Are The Swap Free Islamic Trading Accounts World Leading?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 2000 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

In addition, the eToro platform enables access to a variety of financial markets worldwide. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

Another good choice when looking for Swap Free Islamic Trading Accounts is IC Markets. IC Markets Segregates clients funds and offers over 232 instruments.

Broker	eToro	IC Markets	Roboforex	AvaTrade	XTB	XM	Pepperstone	FP Markets
Instruments Available	2000	232	100	1250	4000	1000	1200	100
Platforms	Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac	MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps	Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5	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	MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps
Excluded Countries	ZA, 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, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN,	US	US, JP	BE, BR, KP, NZ, TR, US, CA, SG	US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR	US, CA, IL, KR, IR, MM, CU, SD, SY, PT	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, JP, NZ
Forex pairs offered	50	65	35	55	57	55	70	60
Forex pairs offered	50	65	35	55	57	55	70	60
Major forex pairs	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Minor forex pairs	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Exotic forex pairs	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Cryptocurrencies (availability subject to regulation)	Yes	Yes	No	Yes	Yes	No	Yes	Yes
Commodities Offered	31	19	21	17	21	15	16	18
Metals	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Energies	Yes	Yes	No	Yes	Yes	Yes	Yes	Yes
Agricultural	Yes	Yes	No	Yes	Yes	No	Yes	Yes
Stocks Offered	2042	110	0	1000	1696	160	1100	10000
UK Shares	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
US Shares	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
German Shares	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Japanese Shares	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes

What are the Swap Free Islamic Trading Accounts Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated Swap Free Islamic Trading Accounts broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). eToro minimum deposit is 10.

Another top rated Swap Free Islamic Trading Accounts broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200. Please note that any cryptocurrency availability with any broker is subject to regulation.

Broker	eToro	IC Markets	Roboforex	AvaTrade	XTB	XM	Pepperstone	FP Markets
Min Deposit	10	200	1	100	0	5	200	100
Withdrawl Fees	Yes	No	Yes	No	varies	No	No	No
Inactivity Fees	Yes	No	No	No	Yes	Yes	No	No
Deposit Fees	No	Varies	No	No	No	No	No	Yes
CFD Commission Fees	Yes	Yes	No	No	Yes	No	Yes	Yes

What are the Swap Free Islamic Trading Accounts Funding and Withdrawal Methods?

When dealing with Swap Free Islamic Trading Accounts having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	eToro	IC Markets	Roboforex	AvaTrade	XTB	XM	Pepperstone	FP Markets
Bank transfer	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Paypal	Yes	Yes	No	Yes	Yes	No	Yes	Yes
Skrill	Yes	Yes	No	No	Yes	No	Yes	Yes
Payoneer	No	No	Yes	Yes	Yes	No	Yes	No
Neteller	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes

Find Swap Free Islamic Trading Accounts with Round-the-clock support?

Customer service is very important when dealing with Swap Free Islamic Trading Accounts.

When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.

Swap Free Islamic Trading Accounts customer support can include Phone answering services, Live chat support and Email customer service support.

eToro support a wide range of languages including English, German, Spanish, French, Italian

IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

eToro and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.

Broker	eToro	IC Markets	Roboforex	AvaTrade	XTB	XM	Pepperstone	FP Markets
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
Languages	English, German, Spanish, French, Italian	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more	English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian	Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish	English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic	English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese
Learn More	Visit eToro	Visit IC Markets	Visit Roboforex	Visit AvaTrade	Visit XTB	Visit XM	Visit Pepperstone	Visit FP Markets
Risk Warning	78% of retail investor accounts lose money when trading CFDs with this provider.	Losses can exceed deposits	Losses can exceed deposits	71% of retail investor accounts lose money when trading CFDs with this provider	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.	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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	Losses can exceed deposits

Make sure the Swap Free Islamic Trading Accounts Offer Comprehensive Trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and IC Markets work together to bring the latest news and insights to traders.

For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.

Why Swap Free Islamic Trading Accounts needs to be regulated?

A regulated Swap Free Islamic Trading Accounts broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

Swap Free Islamic Trading Accounts brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.

Swap Free Islamic Trading Accounts List

eToro

★★★★☆ (4/5)

Min deposit : 10

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.

Past performance is not an indication of future results.

eToro was established in 2007 and is used by over 27000000+ traders. 78% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). 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 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

IC Markets

★★★★☆ (4/5)

Min deposit : 200

Visit IC Markets Try a Demo Read review

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, ZuluTrade, Web Trader, cTrader, Mac

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

Visit Roboforex Try a Demo Read review

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)

AvaTrade

★★★★☆ (4/5)

Min deposit : 100

Visit AvaTrade Try a Demo Read review

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)

XTB

★★★★☆ (4/5)

Min deposit : 0

Visit XTB Try a Demo Read review

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

★★★★☆ (4/5)

Min deposit : 5

Visit XM Try a Demo Read review

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. 75.59% 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)

Pepperstone

★★★★☆ (4/5)

Min deposit : 200

Visit Pepperstone Try a Demo Read review

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

FP Markets

★★★★☆ (4/5)

Min deposit : 100

Visit FP Markets Try a Demo Read review

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)

NordFX

★★★★☆ (4/5)

Min deposit : 1

Visit NordFX Try a Demo Read review

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

Plus500

★★★★☆ (4/5)

Min deposit : 100

Visit Plus500 Try a Demo Read review

Plus500 was established in 2008 and is used by over 15500+ traders. 74% 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

EasyMarkets

★★★★☆ (4/5)

Min deposit : 100

Visit easyMarkets Try a Demo Read review

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)