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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 138 brokers listed in the table below.

Forex Broker Min. Account Size Broker Rating Min. Position Size Payment Max. Leverage Serious
Regulation
SpreadUS
XM.COM $5 7.6 0.01      1:888   
Platforms
  • MetaTrader 4
Regulation
  • ASIC
  • BaFin
  • CNMV (Spain)
  • CySEC
  • FCA (UK)
  • FSP (New Zealand), FSP235905
Countries AU CY GR HU 
FxGlory $1 4.0 0.01        1:3000   
Platforms
  • MetaTrader 4
  • WebTrader
Regulation
  • National Bank of Georgia, N2-06/3625-12
Countries BG GE 
Fort Financial Services (ex-TradeFort) $5 7.8 0.01      1:1000   
Platforms
  • MetaTrader 4
  • NinjaTrader
  • CQG
Regulation
  • IFSC (Belize), IFSC/60/256/TS/14
Countries AE CN ES FR GB ID MY PT RU 
InstaForex $1 6.7 0.0001       1:1000   
Platforms
  • MetaTrader 4
  • MetaTrader 5
Regulation
  • RAFMM
Countries RU 
RoboForex $1 3.0 0.01      1:500   
Platforms
  • MetaTrader 4
  • MetaTrader 5
  • Currenex Viking
  • cTrader
  • WebTrader
Regulation
  • CySEC
  • FSCL (New Zealand)
  • FSP (New Zealand)
  • IFSC (Belize)
  • The Financial Commission
Countries EG GB HK ID LV MD MY NZ RO RU TH TW 
eToro $50 1.5 0.1       1:400   
Forex4you $1 5.5 0.0001      1:500   
AvaTrade $100 1.8 0.01       1:400   
FXOpen $1 5.5 0.001       1:500   
LiteForex $10 5.3 0.01     1:1000   
AGEA $1 5.5 0.00001      1:500   
AMarkets (ex-AForex) $2 8.2 0.001     1:1000   
Easy-Forex $25 5.5 0.05    1:200   
Mayzus $25 5.5 0.01      1:500   
MFX Broker (ex-MasterForex) $1 - 0.01    1:500   
Alpari $1 5.3 0.01     1:500   
Saxo Bank $5,000 5.5 0.05   1:200   
XTB $1 - 0.01      1:200   
Finotec $200 - 0.1   1:200   
FXCM $1 - 0.01   1:400   
iFOREX $100 3.5 0.02      1:400   
FIBOGroup $300 3.3 0.01     1:400   
GCI $500 8.1 0.1    1:100   
VarengoldBankFX $2,500 - 0.1    1:200   
Forex-Metal $1 4.0 0.00000       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   
FXCL $1 7.8 0.01    1:500   
Admiral Markets $200 7.3 0.01     1:500   
AL Trade $20 4.0 0.01    1:500   
Gallant Capital Markets $250 - 0.01    1:400   
UFXMarkets $100 6.6 0.01    1:200   
RFXT $1,000 - 0.01   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 3.6 0.01    1:500   
Tradenext $500 7.8 0.01   1:300   
HotForex $1 7.4 0.01      1:1000   
Pepperstone $200 6.0 0.01    1:400   
AccentForex $1 7.0 0.01     1:500   
Profiforex $1 7.0 0.01      1:500   
SunbirdFX $100 1.3 0.01     1:100   
Bloombex Options $200 - 0.1       1:100   
Univell Broker $50 - 0.01    1:200   
IronFX $500 4.8 0.01      1:500   
Trader's Way $1 7.3 0.001      1:1000   
Grand Capital $1 8.1 0.0001    1:500   
Forex-Market $1 8.2 0.01     1:1000   
Axiory $100 - 0.01   1:300   
Ikon Group $150 - 0.01    1:500   
Orbex $500 - 0.01      1:500   
Bestec NFX $100 - 0.05    1:100   
OctaFX $5 - 0.01     1:500   
Larson & Holz IT $10 - 0.01    1:500   
ICM Capital $1 - 0.1    1:400   
Infin Markets $1 - 0.001     1:400   
NordFX $1 - 0.01      1:1000   
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 $50 7.8 0.01      1:500   
FreshForex $1.40 6.8 0.01      1:500   
GAINSY $10 9.0 0.01       1:500   
Capital One Forex $100 1.4 0.01      1:500   
Vector Securities $20 - 0.01    1:500   
UMOFX $1 1.0 0.01     1:500   
Weltrade $25 - 0.01      1:500   
Sensus Capital $1,000 5.5 0.01     1:200   
COMMEXFX $200 - 0.01     1:400   
Forex Optimum $10 - 0.01     1:500   
Euro Pacific Bank $2,500 - 0.01 1:100   
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 5.6 0.01    1:100   
JustForex $2 - 0.01       1:2000   
BelforFx $100 - 0.01     1:400   
TenkoFX $10 - 0.01      1:500   
Invast Financial Services $100 - 0.01   1:400   
MXT Global $100 - 0.01   1:500   
Hantec Markets $1,000 - 0.01    1:200   
FirewoodFX $10 - 0.01 1:1000   
Liga Forex $1 - 0.0001     1:1000   
Vinson Financials $200 4.4 0.1     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 $500 - 0.01    1:200   
DenForex $10 - 0.01      1:500   
FXMoneyWorld $100 - 0.01    1:400   
GDMFX $100 - 0.01    1:500   
MXTrade $250 5.8 0.01      1:400   
SaudiQuote $10,000 - 0.01 1:100   
ACFX $50 - 0.01     1:500   
ThreeTrades $1 - 0.00001     1:200   
WesternFX $50 - 0.01    1:500   
5Stars Forex $500 8.5 0.01     1:500   
NewForex $1 - 0.01     1:700   
Forex.ee $10 - 0.01       1:500   
Trust Capital $10,000 - 0.1   1:400   
Solforex $200 - 0.01      1:400   
Zar FX $500 - 0.01     1:100   
10Markets $200 8.4 0.01   1:500   
Valutrades $100 - 0.01      1:400   
FXRANEX $1 - 0.01   1:500   
NAS Broker $50 - 0.01   1:1000   
AMFX $500 - 0.01    1:400   
AAFX Trading $50 - 0.01    1:2000   
Tradeo $250 - 0.01   1:200   
iClickNTrade $500 - 0.01   1:500   
FXPRIMUS $250 - 0.01     1:500   
FXGlobe $250 - 0.01     1:500   
Capital Index $100 - 0.02   1:200   
Darttrader $2 - 0.01   1:500   
TrioMarkets $100 - 0.01      1:300   
FBS $1 4.7 0.01      1:2000   
Forex Time $0.01 6.4 0.01     1:1000   
Mega Trader FX $1 - 0.01     1:500   
PaxForex $10 7.4 0.01     1:500   
TFI Markets (ex-TFIFX) $50 - 0.01   1:500   
You Trade FX $100 2.1 0.01      1:500   
FastBrokers $2,500 - 0.1    1:200   
IFC Markets $1 7.3 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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