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 134 brokers listed in the table below.

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Forex Broker Min. Account Size Broker Rating Min. Position Size Payment Max. Leverage Serious Regulation Spread US
FXTM $5 8.7 0.01 1:1000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • WebTrader
  • Countries
    BZ CY GB ZA
  • Regulation
    • CySEC, 185/12
    • FCA (UK), 777911
    • FSCA (South Africa), 46614
    • IFSC (Belize), IFSC/60/345/TS and IFSC/60/345/APM.
IronFX $100 4.2 0.01 1:500
  • Platforms
    • MetaTrader 4
  • Countries
    AE AR AU AZ BR CN CY CZ DE DZ ES GB HK HU IN MY PL RU US UY ZA
  • Regulation
    • ASIC, 417482
    • CySEC, 125/10
    • DFSA (Dubai), F002432
    • FCA (UK), 585561
    • FSCA (South Africa), 45276
    • UCRFIN, 5
AMarkets $1 7.5 0.01 1:1000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • MetaTrader 4 Web (VPS)
  • Countries
    AM GE IR KZ NG RU ZA
  • Regulation
    • FSA (St. Vincent & the Grenadines), 22567 IBC 2015
    • The Financial Commission, 01.09.2013
FXGlory $1 7.3 0.01 1:3000
  • Platforms
    • MetaTrader 4
    • WebTrader
  • Countries
    AE CH CY GB VC
  • Regulation
AAFX Trading $100 7.0 0.01 1:2000
  • Platforms
    • MetaTrader 4
  • Countries
    AE AU HK MY NZ QA SA US VC
  • Regulation
    • ASIC, 4240010
    • FSA (St. Vincent & the Grenadines), 22916 IBC
AvaTrade $100 2.9 0.01 1:400
Exness $1 7.2 0.01 1:2000
RoboForex $1 5.0 0.01 1:1000
eToro $200 8.3 0.1 1:400
InstaForex $1 5.8 0.0001 1:1000
FXOpen $1 8.4 0.001 1:500
Forex4you $50 7.7 0.01 1:1000
LiteForex $10 3.1 0.01 1:500
AGEA $1 5.0 0.00001 1:500
easyMarkets $100 6.1 0.01 1:400
XTB $1 6.4 0.01 1:200
Finotec $200 - 0.1 1:200
iFOREX (Vestle) $100 4.2 0.01 1:400
FIBOGroup $1 6.6 0.01 1:1000
GCI $500 7.0 0.1 1:100
One Financial Markets $250 - 0.01 1:400
ATC Brokers $5,000 - 1 1:200
FXCL $1 7.8 0.01 1:500
Admiral Markets $200 7.5 0.01 1:500
AL Trade $20 4.0 0.01 1:500
PFD $1 - 0.01 1:300
UFX $100 6.6 0.01 1:200
RFXT $1 - 0.01 1:100
Citypoint Trading $500 - 0.1 1:100
FXGM $200 - 0.1 1:400
AAAFx $300 3.0 0.01 1:30
HotForex $50 8.9 0.01 1:1000
Pepperstone $200 6.5 0.01 1:400
AccentForex $10 8.6 0.01 1:500
Profiforex $1 7.4 0.01 1:500
Trader's Way $1 7.3 0.01 1:1000
Grand Capital $10 6.5 0.01 1:500
Axiory $500 - 0.01 1:400
Larson & Holz IT $250 - 0.01 1:500
ICM Capital $200 - 0.01 1:200
IFC Markets $1 9.3 0.001 1:400
NordFX $10 7.0 0.01 1:1000
Blackwell Global $10,000 - 0.01 1:30
TradingForex.com $50 - 0 1:500
NetoTrade $500 - 0.01 1:400
FxNet $50 7.0 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 10 0.01 1:500
GBE brokers $1,000 5.5 0.01 1:500
Forex Optimum $10 9.3 0.01 1:500
Euro Pacific Bank $2,500 - 0.01 1:100
Traders Trust $50 - 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
JustForex $1 8.5 0.01 1:3000
TenkoFX $10 9.0 0.01 1:500
Invast Financial Services $100 - 0.01 1:400
Hantec Markets $1,000 - 0.01 1:200
FirewoodFX $10 7.0 0.01 1:1000
Vinson Financials $200 8.4 0.1 1:500
Cornèr Trader $1 - 0.01 1:200
ETX Capital $100 - 0.01 1:400
HiWayFX $20 7.0 0.01 1:500
GDMFX $100 - 0.01 1:500
Tickmill $100 8.0 0.01 1:500
WesternFX $50 - 0.01 1:500
NewForex $1 7.8 0.01 1:1000
Forex.ee $10 - 0.01 1:500
Trust Capital $10,000 - 0.1 1:400
10Markets $200 7.7 0.01 1:500
Valutrades $100 - 0.01 1:400
NAS Broker $50 7.0 0.01 1:1000
Tradeo $250 - 0.01 1:200
FXPRIMUS $250 - 0.01 1:500
FXGlobe $250 - 0.01 1:500
Capital Index $100 - 0.02 1:200
TrioMarkets $500 6.4 0.01 1:300
FinPro Trading $5 9.0 0.01 1:300
FxGrow $100 8.7 0.01 1:300
Alvexo $500 - 0.01 1:400
ForexMart $1 4.4 0.01 1:1000
Trade12 $250 8.0 0.01 1:400
Kawase $1 - 0.01 1:100
Trade360 $1,000 - 0.01 1:200
StoxMarket $1,000 1.0 0.01 1:500
Titan FX $200 - 0.01 1:500
VARIANSE $500 - 0.01 1:100
CM Trading $250 8.7 0.01 1:200
SuperForex $1 8.1 0.01 1:1000
AAATrade $500 10 0.01 1:200
Atiora $1 - 0.01 1:1000
TempleFX $50 - 0.01 1:400
Trade Fintech $250 8.9 0.01 1:200
Hamford Capital (ex-ECN PRIME) $25 - 0.01 1:1000
JCMFX $10 - 0.01 1:1000
FX Giants $100 - 0.01 1:500
Hydra Markets $100 - 0.01 1:1000
BDSwiss $200 - 0.01 1:400
Land-FX $300 9.3 0.01 1:500
CIBFX $500 4.3 0.01 1:200
LQDFX $20 8.9 0.01 1:500
CFDTimes $50 - 0.01 1:500
Turnkey Forex $5 9.0 0.01 1:200
TryMarkets $500 - 0.01 1:500
CMS Trader $500 - 0.01 1:400
Circle Markets $100 - 0.01 1:500
Tifia $100 - 0.01 1:1000
Swiss Markets $200 - 0.01 1:500
ForexGrand $250 - 0.01 1:300
FXB Trading $25 7.8 0.01 1:500
AMEGA $1 - 0.01 1:1000
Fullerton Markets $200 - 0.01 1:500
Capital Street FX $100 - 0.01 1:3500
ETO Markets AUD200 - 0.01 1:400
Equiti Global Markets $500 - 0.01 1:500
JAFX $5 - 0.01 1:500
Alfa-Forex $1 6.9 0.01 1:100
Boston Merchant Financial $50 6.1 0.01 1:400
Dukascopy $100 4.9 0.001 1:200
EverFX $250 - 0.01 1:500
FBS $1 4.4 0.01 1:3000
FreshForex $200 9.2 0.01 1:1000
HYCM $50 7.8 0.02 1:325
OctaFX $100 6.7 0.01 1:500
PaxForex $10 9.3 0.01 1:500
TFI Markets $50 - 0.01 1:500
XM.COM $5 4.9 0.01 1:888
Alpari $1 4.5 0.01 1:1000
Fort Financial Services $5 9.2 0.01 1:1000
FxPro $100 7.5 0.01 1:50
MEX Group $1 - 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.