Top Islamic Trading Accounts for 2024

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

Swap Free Islamic Trading Accounts Guide

Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - July 19, 2024

Islamic Trading Accounts

You have heard that a Muslim who observes Shari’a law or Islamic finance rules can have a trading account and practice their faith, in good conscience. You have heard that trading and investing can bring you solid profits. You would like to know more.

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

What are the Basics of Islamic Finance?

Islamic finance is founded on principles derived from Shariah, the Islamic law. Key basics include:

Prohibition of Riba (Interest): Interest is not allowed under the Islamic faith, as it is considered exploitation.

Mudarabah and Musharakah (Profit-and-Loss Sharing): Risk should be shared fairly under Islamic law.

Asset-Backed Financing: Transactions must be backed by tangible assets or services to ensure transparency and reduce speculative practices.

Ethical Investments: Haram related investments are not allowed in the Islamic faith, eg gambling, pork, and alcohol.

Avoidance of Uncertainty (Gharar) and Speculation (Maisir): Islamic finance discourages transactions involving excessive uncertainty or speculation, promoting transparency and fair dealing.

Zakat: Islamic finance emphasizes the concept of zakat, obligating Muslims to donate a portion of their wealth to support the less fortunate and community development.

Compliance with Shariah Law: All financial products and services must comply with Shariah principles, as determined by Islamic scholars and regulatory bodies.

Ethical Governance: Islamic finance promotes ethical governance and transparency in financial transactions, ensuring accountability and integrity in all dealings.

By adhering to these basics, Islamic finance aims to create a financial system that is ethical, transparent, and socially responsible, while promoting economic growth and financial inclusion in accordance with Islamic principles.

What Is Islamic Trading?

Islamic trading, also known as Shariah-compliant trading, adheres to the principles outlined in Islamic law (Shariah). It encompasses various financial activities and investment practices that are deemed permissible under Islamic teachings. The fundamental principles governing Islamic trading include the prohibition of Riba (interest), Gharar (excessive uncertainty), and Maysir (gambling).

In Islamic trading, transactions must be conducted in a manner that upholds fairness, transparency, and ethical conduct. This means avoiding investments in businesses involved in activities considered haram (forbidden), such as alcohol, gambling, tobacco, and certain financial services like conventional banking and insurance.

Instead, Islamic trading focuses on sectors and industries that align with Islamic values, such as halal food, healthcare, technology, and renewable energy. Additionally, Islamic finance promotes risk-sharing arrangements, profit-sharing agreements, and asset-backed transactions, emphasizing partnership and mutual benefit.

Key instruments in Islamic trading include Sukuk (Islamic bonds), Islamic mutual funds, and Shariah-compliant equities. These instruments are structured to ensure compliance with Shariah principles, offering investors opportunities for financial growth while adhering to ethical guidelines.

Overall, Islamic trading aims to promote economic prosperity while adhering to moral and ethical standards, fostering a financial system that benefits both individuals and society as a whole.

Islamic Forex Trading

In the currency market, 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. 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.

IC Markets Islamic Account

IC Markets Islamic Trading Account

IC Markets has been offering Islamic accounts for many years, free from swap or interest, tailored for our Muslim brothers and sisters. Both our Raw Spread and Standard accounts are compatible on various platforms. While these accounts exempt you from swap or interest, be mindful of a nominal holding fee for positions kept open overnight. It's a fair way to maintain integrity while offering competitive trading conditions.

eToro Islamic Account

eToro Islamic Trading Account

eToro offers Islamic accounts, compliant with Sharia law, offering benefits like zero interest on trades over 24 hours and no hidden fees. Minimum deposit is $1,000 with required ID documents for verification.

RoboForex Islamic Account

RoboForex Islamic Trading AccountRoboForex respects Islamic beliefs with Swap-Free accounts, charging a fixed commission on trades without interest, aligning with Sharia laws. Ideal for Muslim traders seeking compliant trading options.

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 generally considered halal in Islamic finance.

The concept of swap-free accounts addresses the prohibition of Riba (interest) in Islamic law, as swaps involve interest payments. In a swap-free account, traders do not incur or receive interest on positions held overnight, aligning with Islamic principles. This allows Muslims to participate in financial markets without violating Shariah law.

However, it's essential for traders to ensure that the entire trading process, including the underlying transactions and investments, complies with Islamic principles beyond just the absence of swaps.

Is Trading Allowed In Islam?

In Islam, trading is allowed as long as it adheres to certain principles outlined in Shariah law. Islamic trading prohibits involvement in activities considered haram (forbidden), such as those involving interest (riba), uncertainty (gharar), or unethical business practices.

Therefore, trading in permissible assets, following ethical guidelines, and avoiding interest-based transactions are essential components of halal trading in Islam.

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.

What can I trade under Islamic Law?

Tradable Islamic compliant financial instruments

How to Open 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.

IC Markets Islamic Account Registration

IC Markets Islamic Account KYC Documentation

eToro Islamic Account KYC Documentation

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

Islamic accounts have pros, but there's a catch, especially for us seasoned traders. Without swap fees, it's harder for Halal traders to earn from positive swaps on short positions, affecting carry trading strategies. To compensate, non-swap brokers might impose administrative fees, akin to Islamic finance practices.

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 $1000 to $10,000). 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 2024, 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).

How Do I Get An Islamic Trading Account

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

  1. Choosing a platform/broker that offers Islamic trading.
  2. Registering and verify your account by providing all the documentation required.
  3. Funding your trading account.
  4. 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.

How to Select a Broker for Islamic Account

Selecting a broker for an Islamic account involves considering several factors to ensure compliance with Shariah principles. Here's a guide:

Shariah Compliance: Choose a broker offering Islamic accounts that adhere to Islamic finance principles, ensuring no interest-based transactions (riba) or unethical activities.

Certification: Look for brokers certified by reputable Islamic financial authorities, indicating their adherence to Shariah guidelines.

Account Features: Ensure the Islamic account provides similar features to conventional accounts, such as access to various trading instruments, platforms, and analytical tools.

Swap-Free Option: Opt for brokers offering swap-free accounts, where overnight interest swaps are waived to comply with Islamic finance principles.

Transparent Fees: Select brokers with transparent fee structures and no hidden charges, ensuring you understand the costs associated with trading.

Customer Support: Evaluate the broker's customer service quality, responsiveness, and availability of support for Islamic account holders.

Reputation and Regulation: Choose a broker with a solid reputation, regulated by reputable financial authorities, to ensure safety of funds and fair trading practices.

Educational Resources: Look for brokers offering educational resources on Islamic finance and halal trading practices to enhance your understanding.

Compatibility: Ensure the broker's trading platforms and services are compatible with your trading preferences and requirements.

Reviews and Recommendations: Consider reviews, recommendations, and feedback from other Islamic traders to gauge the broker's credibility and suitability for Islamic trading.

By considering these factors, you can select a reliable broker offering Islamic accounts that align with your ethical and religious beliefs.

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 Selling: Short selling 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.

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

Reputable Swap Free Islamic Trading Accounts Checklist

Selecting a reliable and reputable online Islamic Trading Accounts 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 Islamic Trading Accounts more confidently.

Selecting the right online Islamic Trading Accounts 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 Islamic Trading Accounts in Our Brokerage Comparison Table

When choosing a broker for islamic trading accounts trading, it's essential to compare the different options available to you. Our islamic trading accounts 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 islamic trading accounts broker that best suits your needs and preferences for islamic trading accounts. Our islamic trading accounts broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Islamic Trading Accounts of 2024 compared

Here are the top Islamic Trading Accounts.

Compare islamic trading accounts brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a islamic trading accounts broker, it's crucial to compare several factors to choose the right one for your islamic trading accounts needs. Our comparison tool allows you to compare the essential features 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 IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade EasyMarkets FXPro ThinkMarkets FXPrimus
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), 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) Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, 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 Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec) Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
Min Deposit 200 10 100 No minimum deposit 5 200 100 100 100 No minimum deposit 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
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Used By 180,000+ 1,000,000+ 35,000,000+ 1,000,000+ 10,000,000+ 400,000+ 300,000+ 142,500+ 1,866,000+ 500,000+ 10,000+
Benefits
  • Allows scalping
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  • Offers STP
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  • Allows scalping
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  • Offers STP
  • Low min deposit
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  • Allows scalping
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  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
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  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
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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 2024 article further below. You can see it now by clicking here

We have listed top Islamic trading accounts below.

Swap Free Islamic Trading Accounts 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. 51% 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 35000000+ traders. 51% 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 1000000+ traders. 76-83% 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. 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. 71.61% 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. 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. 75-95 % 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
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)
ThinkMarkets
(3/5)
Min deposit : 0
ThinkMarkets was established in 2010 and is used by over 500000+ traders. 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 ThinkMarkets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

ThinkTrader, 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 Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, 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 Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec)
FXPrimus
(3/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, 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 Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)

Learn more Learn more about IC Markets.
Losses can exceed deposits
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Losses can exceed deposits