Top Islamic Trading Accounts for 2021

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

Swap Free Islamic Trading Accounts Guide

Updated October 23, 2021

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.

  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 Is Islamic Forex Trading?

Forex trading is trading in currencies for profit while following Islamic rules on finance.

Forex is short for 'foreign exchange'. More specifically, it is foreign currency exchange.

It is the process of converting or exchanging 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 say that you are in a country that does not accept the currency you brought with you from your own country. In other words, your dollars may make your rich where you come from, but 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 in the U.S. Those foreign currencies have no value in the USA. You cannot go in a store and purchase a product. You cannot go in 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 colourful 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. Islamic Forex trading, however, is somewhat different.

Islamic Forex accounts, also commonly termed swap-free 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 forward contracts or futures. When you use an Islamic Forex 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 also those who aim to invest in the stock market abiding by the tenets of Islamic Finance. Also referred to as swap-free 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 immediately be sent from one account to another. Transaction fees must also be paid for immediately.

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, 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.

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 remaFofining 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. They 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, Forex brokers do also offer regular spot trading with no interest payments or charges for overnight positions, which could do away with the problem of riba.

Islamic Swap Free Trading Accounts

Essentially, Forex trading is halal, granted the traders utilize swap-free trading accounts. 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, traders who time their trades in order to get the most favourable results may be seen as breaking the law of Islamic finance as there might be a certain amount of speculation involved.

Ideally, with Islamic trading, Forex trading must take effect instantaneously, 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 admissible by 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.

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.

Through your account you can trade currencies in what's called exchange rate pairs. 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 considering engaging in Forex trading, it is crucial to understand that the way this particular marker works is that there is always someone making a profit on a trade and someone else losing it. Profiting from Forex trading is based on experience, knowledge, and research. If this does not come in the way of you venturing into Fores 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 2021, the countries which ban Forex are: Belgium, Bosnia Herzegovina, France, Israel, Malaysia, North Korea, countries which enforce Shari’a, e.g. Pakistan and India.

This list of course is subject to change depending on what each government's administration decides is in the best interests of the citizens. 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 account, 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:

  1. Choosing a platform/broker that offers Islamic trading.
  2. Registering and verifying 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.

Picking A Islamic Forex Account

The information supplied in the aforementioned article is very detailed.

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.

We've collected thousands of datapoints and written a guide to help you find the best Islamic Trading Accounts for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are 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.

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.

Top 15 Islamic Trading Accounts of 2021 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 XTB IC Markets AvaTrade Roboforex Pepperstone XM FP Markets Plus500 FXPrimus 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) 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 Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) Cyprus Securities and Exchange Commission (CySEC) 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 International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) 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 Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Min Deposit 50 No minimum deposit 200 250 1 200 5 100 100 100 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 20,000,000+ 250,000+ 180,000+ 200,000+ 10,000+ 89,000+ 3,500,000+ 10,000+ 15,500+ 10,000+ 142,500+
Benefits
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini 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
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, 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
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xtb
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icmarkets
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avatrade
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roboforex
Sign Up with
pepperstone
Sign Up with
xm
Sign Up with
fpmarkets
Sign Up with
plus500
Sign Up with
fxprimus
Sign Up with
easymarkets
Risk Warning 67% 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. Losses can exceed deposits 72% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 Your capital is at risk Losses can exceed deposits 72% 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. Losses can exceed deposits Your capital is at risk
Demo eToro
Demo
XTB
Demo
IC Markets
Demo
AvaTrade
Demo
Roboforex
Demo
Pepperstone
Demo
XM
Demo
FP Markets
Demo
Plus500
Demo
FXPrimus
Demo
easyMarkets
Demo
Excluded Countries ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, US, PY, HN, GT, PR, NI, VG, AN, US, IN, PK, BD, NG , ID, BE, AU 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 BE, BR, KP, NZ, TR, US, CA, SG US, JP BR, KR, IR, IQ, SY, JP, US US, CA, IL, KR, IR, MM, CU, SD, SY US, JP, NZ MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US

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 2021 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

eToro
(4/5)
Min deposit : 50
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. 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.

eToro was established in 2007 and is used by over 20000000+ traders. 67% 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 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)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account 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
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, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
AvaTrade
(4/5)
Min deposit : 250
AvaTrade was established in 2006 and is used by over 200000+ traders. 72% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, CFDs, Spread Betting, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM 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 Islamic account VIP account
Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 72% 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 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
FXPrimus
(4/5)
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 Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
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, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

Learn more Learn more about eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.