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 142 brokers listed in the table below.

Forex Broker Min. Account Size Broker Rating Min. Position Size Payment Max. Leverage Serious Regulation Spread US
XM.COM $5 3.1 0.01 1:888
  • Platforms
    • MetaTrader 4
  • Countries
    AU CY GR HU
  • Regulation
    • ASIC, 443670
    • BaFin, 124161
    • CNMV (Spain), 2010157773
    • CySEC, 120/10
    • FCA (UK), 538324
    • FSP (New Zealand), FSP235905
ForexTime (FXTM) $0.01 9.0 0.01 1:1000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
  • Countries
    CY GB NG
  • Regulation
    • CySEC, 185/12
    • FCA (UK), 600475
    • FSB (South Africa), 46614
    • IFSC (Belize), SC/60/345/TS and IFSC/60/345/APM.
FxGlory $1 7.2 0.01 1:3000
  • Platforms
    • MetaTrader 4
    • WebTrader
  • Countries
    BG GE
  • Regulation
    • National Bank of Georgia, N2-06/3625-12
Fort Financial Services $5 8.2 0.01 1:1000
  • Platforms
    • MetaTrader 4
    • NinjaTrader
    • CQG
  • Countries
    AE CN ES FR GB ID MY PT RU
  • Regulation
    • IFSC (Belize), IFSC/60/256/TS/14
RoboForex $1 4.8 0.01 1:500
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • cTrader
    • WebTrader
  • Countries
    CN EG GB HK ID LT LV MD MY NZ RO RU TH TW
  • Regulation
    • CySEC, 191/13
    • FSCL (New Zealand), 4148
    • FSP (New Zealand), 246525
    • IFSC (Belize), IFSC/60/271/TS/14
eToro $50 8.2 0.1 1:400
InstaForex $1 7.7 0.0001 1:1000
Forex4you $50 5.0 0.01 1:1000
AGEA $1 5.5 0.00001 1:500
LiteForex $10 7.6 0.01 1:1000
Liteforex (Europe) (ex-Mayzus) $100 5.5 0.01 1:1000
FXOpen $1 8.1 0.001 1:500
AvaTrade $100 1.6 0.01 1:400
AMarkets $1 7.2 0.01 1:1000
MFX Broker $1 6.9 0.01 1:500
Easy-Forex $25 5.5 0.05 1:200
Saxo Bank $5,000 4.6 0.05 1:200
XTB $1 - 0.01 1:200
Finotec $200 - 0.1 1:200
FXCM $1 - 0.01 1:400
iFOREX $100 4.2 0.02 1:400
FIBOGroup $300 6.6 0.01 1:400
GCI $500 7.0 0.1 1:100
One Financial Markets $250 - 0.01 1:400
FXTSwiss $2,000 - 0.1 1:400
ATC Brokers $5,000 - 1 1:200
HY Markets $50 7.9 0.02 1:325
FXCL $1 7.8 0.01 1:500
Admiral Markets $200 7.7 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
FXGM $100 - 0.1 1:400
AAAFx $300 3.3 0.01 1:500
HotForex $50 8.8 0.01 1:1000
Pepperstone $200 6.3 0.01 1:400
AccentForex $1 8.4 0.01 1:500
Profiforex $1 5.5 0.01 1:500
SunbirdFX $100 1.4 0.01 1:100
Bloombex Options $200 - 0.1 1:100
Univell Broker $50 - 0.01 1:200
IronFX $500 4.2 0.01 1:500
Trader's Way $1 7.3 0.01 1:1000
Grand Capital $1 6.8 0.0001 1:500
Axiory $500 - 0.01 1:500
MEX Group (ex-Ikon Group) $300 - 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
Blackwell Global $2,000 - 0.01 1:200
TradingForex.com $200 - 0.01 1:200
NetoTrade $500 - 0.01 1:400
FxNet $50 6.7 0.01 1:500
GAINSY $10 9.6 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
GBE brokers (ex-Sensus Capital) $1,000 4.6 0.01 1:500
Forex Optimum $10 9.4 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 8.5 0.01 1:200
USGFX $100 - 0.01 1:500
Alfa-Forex $1 6.7 0.01 1:100
JustForex $0.50 8.5 0.01 1:2000
BelforFx $100 - 0.01 1:400
TenkoFX $10 - 0.01 1:500
Invast Financial Services $100 - 0.01 1:400
Hantec Markets $1,000 - 0.01 1:200
FirewoodFX $10 - 0.01 1:1000
Vinson Financials $200 8.4 0.1 1:500
Cornèr Trader $1 - 0.1 1:200
1BillionForex $100 - 0.01 1:200
ETX Capital $100 - 0.01 1:200
FX-EDGE $500 - 0.01 1:100
Vistabrokers $100 - 0.01 1:1000
HiWayFX $20 7.0 0.01 1:500
FXMoneyWorld $100 - 0.01 1:400
GDMFX $100 - 0.01 1:500
MXTrade $250 5.2 0.01 1:400
SaudiQuote $10,000 - 0.01 1:100
ACFX $50 - 0.01 1:500
WesternFX $50 - 0.01 1:500
NewForex $1 8.5 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 1.0 0.01 1:100
10Markets $200 9.1 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
TrioMarkets $100 - 0.01 1:300
BCapitalsFX $10 - 0.01 1:400
Vomma Trading $10 1.0 0.01 1:500
Bulls Capital Markets $50 - 0.01 1:1000
FinPro Trading $5 - 0.01 1:300
FxGrow $100 8.3 0.01 1:200
Silicon Markets $50 - 0.01 1:100
Alvexo $500 - 0.01 1:400
ForexMart $1 2.8 0.01 1:1000
Trade12 $250 9.1 0.01 1:400
Kawase $1 - 0.01 1:100
MTI Markets $100 - 0.01 1:1000
Trade360 $25 - 0.01 1:200
StoxMarket $1,000 - 0.01 1:500
Titan FX $200 - 0.01 1:500
VARIANSE $500 - 0.01 1:100
CM Trading $250 - 0.01 1:400
SuperForex $1 - 0.01 1:1000
TradeWiseFX $25 - 0.01 1:500
TraderNovo $100 - 0.01 1:100
Atiora $50 - 0.01 1:100
TempletonFX $500 - 0.01 1:400
Trade Fintech $250 - 0.01 1:200
JCMFX $100 - 0.01 1:500
FX Giants $500 - 0.01 1:500
Hydra Markets $100 - 0.01 1:1000
BDSwiss $200 - 0.01 1:400
Alpari $1 4.8 0.01 1:500
Boston Merchant Financial $50 7.0 0.01 1:400
FBS $1 - 0.01 1:2000
FreshForex $1.40 7.6 0.01 1:500
Mega Trader FX $1 - 0.01 1:500
TFI Markets $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 7.9 0.001 1:400

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.