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Muslim Forex Brokers

A list of Forex brokers that are friendly to Muslim Forex traders, allowing them to open the accounts without overnight interest (no Riba accounts). Such brokers can be very useful for traders from Iran, Saudi Arabia and other countries of Middle East. You will find 130 brokers listed in the table below.

Forex Broker Min. Account Size Broker Rating Min. Position Size Payment Max. Leverage Regulation Spread US
XM.COM (ex-XEMarkets) $5 5.4 0.0001      1:888   
Platforms
  • MetaTrader 4
Regulation
  • ASIC
  • BaFin
  • CNMV (Spain)
  • CySEC
  • FCA (UK)
  • FSP (New Zealand), FSP235905
Countries CY 
Forex Time $0.01 4.0 0.01     1:1000   
Platforms
  • MetaTrader 4
  • MetaTrader 5
Regulation
  • CySEC
  • FCA (UK), 600475
Countries CY GB NG 
FxGlory $1 6.3 0.01       1:3000   
Platforms
  • MetaTrader 4
Regulation
  • National Bank of Georgia, N2-06/3625-12
Countries BG GE 
RoboForex $1 5.4 0.001      1:500   
Platforms
  • MetaTrader 4
  • MetaTrader 5
  • Currenex Viking
  • cTrader
Regulation
  • CySEC
  • FSCL (New Zealand)
  • FSP (New Zealand)
  • IFSC (Belize), IFSC/60/271/TS/14
Countries EG GB HK ID LV MD MY NZ RO RU TH TW 
eToro $50 1.5 0.1       1:400   
Platforms
  • eToro Platform
  • eToro Mobile Trader
Regulation
  • ASIC
  • CFTC/NFA
  • CySEC, 109/10
Countries CY US VG 
Forex4you $1 5.7 0.0001      1:500   
InstaForex $1 3.0 0.0001       1:1000   
LiteForex $1 5.5 0.01     1:1000   
MFX Broker (ex-MasterForex) $1 - 0.01    1:500   
Mayzus $25 7.0 0.01      1:500   
AvaTrade (ex-Ava FX) $100 1.8 0.01       1:400   
AGEA $1 5.5 0.00001     1:500   
Easy-Forex $25 5.5 0.05    1:200   
AForex $100 8.5 0.001     1:1000   
FXOpen $1 4.4 0.001       1:500   
Alpari $1 3.3 0.00000     1:500   
GFT Forex $2,500 - 0.1   1:50   
LQD Markets $500 4.0 0.01   1:500   
Saxo Bank $5,000 - 0.05   1:200   
XTB (ex-X-Trade Brokers) $1 - 0.01      1:200   
Finotec $200 - 0.1   1:200   
FXCM $2,000 - 0.01   1:400   
Forex Club $200 7.2 0.01     1:200   
iFOREX $100 3.7 0.02   1:400   
FIBOGroup $50 3.3 0.01    1:200   
GCI $500 7.0 0.1    1:100   
VarengoldBankFX $2,500 - 0.1    1:200   
FxPro $100 5.8 0.1       1:500   
Forex-Metal $1 4.0 0.01       1:500   
FXTSwiss $2,000 - 0.1   1:400   
ATC Brokers $5,000 - 1   1:200   
HY Markets $50 8.6 0.02      1:325   
Arab Financial Brokers $50 1.0 0.01   1:1000   
Admiral Markets $10 2.8 0.01    1:500   
AL Trade $20 4.0 0.01    1:500   
Gallant Capital Markets $250 - 0.01    1:400   
UFXMarkets $100 7.0 0.01    1:200   
RFXT $1 - 0.1   1:400   
Citypoint Trading $500 - 0.1   1:100   
Global Futures $250 - 0.01     1:400   
Investors Europe $250 - 0.01    1:400   
Lionstone Investment Services $1,000 1.0 0.00001   1:200   
FXGM $100 - 0.1     1:400   
AAAFx $300 3.3 0.01    1:200   
Tradenext $500 8.7 0.01   1:300   
HotForex $1 8.8 0.01      1:1000   
Pepperstone $200 6.0 0.01    1:400   
AccentForex $1 6.5 0.01     1:500   
Profiforex $1 7.0 0.01      1:500   
Ajax Financial $500 7.8 0.1 1:100   
SunbirdFX $100 1.8 0.01     1:100   
Bloombex Options $200 - 1     1:1   
Univell Broker $50 - 0.01    1:200   
IronFX $500 3.2 0.01      1:500   
Trader's Way $1 8.0 0.001     1:1000   
Grand Capital $1 6.5 0.0001    1:500   
Forex-Market $1 8.1 0.01     1:1000   
Axiory $100 - 0.01   1:300   
Ikon Group $150 - 0.01    1:500   
Orbex (ex-AFBFX) $100 - 0.01      1:500   
Bestec NFX $100 - 0.05    1:100   
OctaFX $5 - 0.01     1:500   
Larson & Holz IT $1 - 0.01    1:500   
ICM Capital $1 - 0.1    1:400   
Infin Markets $1 - 0.001     1:400   
FIBO $300 - 0.01      1:200   
NordFX $1 - 0.01      1:500   
SkyFx $100 - 0.01   1:300   
BlackStoneFx $200 - 0.1     1:500   
SmartTradeFX $100 - 0.01   1:200   
Goldstein Brokers $100 7.0 0.01   1:400   
Blackwell Global $2,000 - 0.01     1:200   
TradingForex.com $200 - 0.01      1:200   
NetoTrade $500 - 0.01   1:400   
FxNet $5 7.8 0.01      1:500   
GAINSY $10 7.9 0.01       1:500   
MFC Investment $1,000 - 0.1 1:200   
Capital One Forex $100 1.0 0.01      1:500   
Boston Prime FX $100,000 - 0.1 1:100   
Vector Securities $20 - 0.01    1:500   
UMOFX $1 - 0.01     1:500   
Weltrade $20 - 0.01     1:500   
Sensus Capital $1,000 7.8 0.01     1:200   
COMMEXFX $200 - 0.01     1:400   
Forex Optimum $10 - 0.01     1:500   
Alpha Trading $1,000 - 0.01     1:400   
Euro Pacific Bank $2,500 - 0.01 1:100   
MW $1 - 0.01    1:200   
Traders Trust $100 - 0.01       1:500   
XGLOBAL Markets $1 - 0.01     1:200   
NSFX $300 - 0.01    1:200   
USGfx $100 - 0.01    1:500   
Alfa-Forex $1 7.0 0.01    1:100   
JustForex $2 - 0.01    1:500   
BelforFx $100 - 0.01     1:400   
TenkoFX $10 - 0.01      1:500   
Invast Financial Services $100 - 0.01   1:400   
Greenvault Fx $1 - 0.01      1:1000   
MXT Global $100 - 0.01   1:500   
Capital Trust Markets $100 - 0.00000      1:500   
Hantec Markets $1,000 - 0.01    1:200   
SABrokers $25 - 0.01     1:100   
FXtradeweb $1,000 - 0.01    1:500   
VitalMarkets $100 - 0.01      1:400   
FirewoodFX $10 - 0.01 1:1000   
Liga Forex $1 - 0.0001     1:1000   
Pantheon Finance $20 - 0.01   1:100   
Vinson Financials $200 - 0.01     1:500   
Cornèr Trader $1 - 0.1 1:200   
NewTradeFX $100 - 0.01   1:200   
1BillionForex $100 - 0.01      1:200   
ETX Capital $100 - 0.01    1:200   
Elit4x UK €100 - 0.01     1:500   
FX-EDGE $500 - 0.01    1:100   
Vistabrokers $2.50 - 0.01     1:400   
HiWayFX $20 - 0.01     1:500   
FX Next $100 - 0.01   1:500   
DenForex $10 - 0.01      1:500   
FXMoneyWorld $250 - 0.01    1:400   
GDMFX $100 - 0.01    1:500   
FBS $1 2.9 0.01      1:2000   
Fort Financial Services (ex-TradeFort) $5 - 0.01     1:1000   
FXcast $10 1.0 0.01      1:400   
Mega Trader FX $1 - 0.01     1:500   
PaxForex $10 9.5 0.01     1:500   
TFIFX $50 - 0.01   1:500   
You Trade FX $100 2.3 0.01      1:500   
FastBrokers $2,500 - 0.1    1:200   
IFC Markets $1 8.0 0.001    1:400   
InvestTechFX $100 - 0.01   1:500   

You should open an account with a Shariah-compliant Forex broker if:

  • You would like to benefit from currency trading, but do not earn Riba.
  • You would like to trade without overnight swaps.
  • It is illegal to trade with non-Islamic brokers in your country.


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