islamic forex brokers : If you are Muslim respectful of religion, you want to trade currencies here is the solution that is Halāl. Here is a list of the best forex brokers offering an Islamic trading account to Muslim customers. An Islamic account allows Muslim traders to open accounts without interest during the night, which is not prohibited by Islamic law Sharia.
1. EASY FOREX
Easy-Forex is renowned forex broker which offers Islamic negotiations accounts that adherence to Islamic law. With Islamic trading account, when traders extend their days-trading contracts for the next day, no rolling fee is charged.
Islamic Account : YES
min.deposit : $25
min. size: 0.05 lot
Max leverage : 1:200
Spreads : FIXED
Trading Platform: MT4, Tradedesk, web trading
Payment options :
Regulation : ASCI, CYSEC
2. markets.commarkets.com is a very good broker forex and CFD, which fully license and regulated in many countries. This forex broker is distinguished from the other mainly on forex brokers the basis of his service has customer and teams for outstanding support which is very attentive to the plain of clients, providing assistance in several maternal language of the customers.
It offers fixed spreads starting from as low as 3pips for the major currency. It gives the opportunity to exchange with spreads blurring.
Islamic Account : YES
min.deposit : $100
min. size: 0.01 lot
Max leverage : 1:200
Spreads : Fixed
Trading Platform: MT4
Payment options : Credit/debit cards, Wire transfer, WebMoney
Regulation : AFM (netherlands), Bafin, Banque de france, CONSOB (italy), CYSEC, FCA (uk), FSA (denmark), finansinspektionen (sweden)
3. HotForex
Hotforex is superb forex brokers online that is committed to providing its customers the best possible trading conditions. It is one of the best brokers forex Islamic forex accounts online. If seek you to open a live account account, thanks to the micro, premium, VIP, Islamic account or currenex you will have the full flexibility for trading at the level you want. regardless of your strategy tradng, financially or appetite for risk, since minimum Trade sizes up to unlimited.
Islamic Account : YES
min.deposit : $150
min. size: 0.01 lot
Max leverage : 1:400
Spreads : FROMP 1 PIP
Trading Platform: MT4, MT4 MOBILE, MT4 WEB
Payment options : cashu, credit and debit cards, moneybookers, netteler, perfect money, webmoney, wire transfer.
Regulation : FSC of the Republic of Mauritius, Cysec
4.XM
XM offers forex Islamic accounts are also known as the swap-free accounts because they do not involve swap or interest of refinancing on the positions during the night, which is against the Islamic faith.
Unlike other forex brokers who replaces additional costs by expanding the diffusion of Islamic accounts, XM did impost of additional costs.
Islamic Account : YES
min.deposit : $5
min. size: 0.01 lot
Max leverage : 1:888
Spreads : Variable
Trading Platform: MT4 , mirrortrader
Payment options : Credit/debit cards,Local bank transfer, Moneybookers, Neteller,WebMoney, Western Union, MoneyGram, Wire transfer, others
Regulation : BAFIN, CNNMV SPAIN, CYSEC, FSA UK
5. FXCC
Fxcc is a forex broker founded in 2010 by a group of professionals of the Forex market online. Forex broker offers capabilities and enterprise clients ECN trading services, the managers of hedge funds and financial institutions, by giving them access has low diffusion of latency, the very tight spreads and lightning fast execution price.
Fxcc is authorised and regulated by the Cysec, FSA, and MiFID. If you new in forex trading fxcc can be an excellent choice to learn, fxcc offers you a full fx school dedicated to the education of clients on the intricacies of traidng online. The school is accessible free of charge to registered customers, is a series of online video, beginning with the fundamentals of forex trading and continuing with an account more in depth worldwide forex traidng.
Islamic Account : YES
Forex trading account types : ECN mini
min.deposit : $100
min. size: 0.01 lot
Max leverage : 1:300
Spreads : Variable
Trading Platform: Metatrader 4, Sirix web trader and mobile, currenex
Payment options : Wire transfer, neteller, credit and debit cards, skrill, china unionpay
Regulation : Cysec, FSA, MiFID, ICF
6. HYmarkets
Hymarkets is a forex broker based in London, this reliable forex broker of their 30 years of operating experience in the Forex market.
It offers various office and trading platform, hymarkets charge no commission for forex trading as he earns the spread of a currency pairs. He put at your disposal is an active commercial service 24/5 to meet a all question and plain.
Islamic Account : YES
min.deposit : $50
min. size: 0.02 lot
Max leverage : 1:300
Spreads : Fixed
Trading Platform: Metatrader 4
Payment options : Wire transfer, skrill, paypal, webmoney, credit and debit cards
Regulation : FCA (uk)
7. UFXMarkets
Ufxmarkets Islamic accounts offer is in accordance with Islamic law and offer a Islamic customers a means of negotiations on the foreign exchange market that acceptable for them. Islamic accounts of ufxmarktes offers a wide range of tools of negotiations and the opportunity that our other accounts
With the additional advantage of being in compliance in accordance with Islamic law.
Islamic Account : YES
min.deposit : $100
min. size: 0.01 lot
Max leverage : 1:200
Spreads : FIXED
Trading Platform: MT4, UFX WEB TRADER
Payment options : Credit/debit cards, Wire transfer, cashU, moneybookers
Regulation : CYSEC, MIFlD
8. OCTAFX
Islamic Account : YES
min.deposit : $5
min. size: 0.01 lot
Max leverage : 1:500
Spreads : Variable
Trading Platform: MT4
Payment options : Wire transfer, Moneybookers, Perfect Money, Credit/debit cards
Regulation : IFSA (St. Vincent and Grenadines)
9. Instaforex
Instaforex has become a very popular forex broker and who win the Asian friendly of many traders.
It offers a quality commercial service on the forex market. It is the largest manufacturer of the market and of huge brokers-contractors complete with a broad base of customers to provide a high liquidity and the ability to very quickly provide online service to its customers.
Islamic Account : YES
min.deposit : $1
Max leverage : 1:1000
min. size: 0.01 lot
Spreads : Fixed
Trading Platform: MT4, MT5
Payment options : Credit/debit cards, Wire transfer, Moneybookers, payza, paypal, solidtrustpay, others
Regulation : RAFMM
10. AvaTrade
Avatrade offers Islamic accounts to negotiate according to Islamic law. Avatrade is the a more regulated forex broker by the Central Bank of Ireland, ASIC, and the Committee on financial services in Japan (FSC).
Avatarde offers traders a choice of trading platform, including the famous trading metatrader 4 and software platform avatrader society property.
This forex broker also offers free tools to learn the forex, webinar and ebook, this is one of the best forex brokers online for beginners wishing to learn forex on a demo account without risking real money.
min.deposit : $1
min. size: 0.01 lot
Max leverage : 1:400
Spreads : Variable
Trading Platform: Avatrader, Metatrader 4
Payment options : Wire transfer,
Regulation : ASIC, Financial futures association (japan), central bank of ireland