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 Spread US
FXTM $10 8.7 0.01 1:1000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • WebTrader
  • Countries
    BZ CY GB MU ZA
  • Regulation
    • CySEC, 185/12
    • FCA (UK), 777911
    • FSC (Mauritius), C113012295
    • FSCA (South Africa), 46614
JustForex $1 8.5 0.01 1:3000
  • Platforms
    • MetaTrader 4
  • Countries
    CN ID JP MY ZA
  • Regulation
    • IFSC (Belize), IFSC/60/241/TS/17
FXGlory $1 7.2 0.01 1:3000
  • Platforms
    • MetaTrader 4
    • WebTrader
  • Countries
    AE CH CY GB VC
  • Regulation
AAFX Trading $100 9.6 0.01 1:2000
  • Platforms
    • MetaTrader 4
    • Web Trading
    • WebTrader
  • Countries
    AE AU HK MY NZ QA SA US VC
  • Regulation
    • ASIC, 4240010
    • FSA (St. Vincent & the Grenadines), 22916 IBC
Alpari $1 4.5 0.01 1:1000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
  • Countries
    CN CY CY IN IN MU MU MX MX NG NG RU RU
  • Regulation
    • Association of Forex Dealers (Russia), 006
    • FKTK (Latvia), 2017-10-26
    • IFSC (Belize), IFSC/60/301/TS/15
    • NBRB (Belarus), 231
RoboForex $10 4.9 0.01 1:2000
Exness $1 7.2 0.01 1:2000
FXOpen $1 8.3 0.001 1:500
InstaForex $1 5.8 0.0001 1:1000
AMarkets $1 7.4 0.01 1:1000
Forex4you $50 5.4 0.01 1:1000
LiteForex $50 5.4 0.01 1:500
AvaTrade $100 2.9 0.01 1:400
eToro $200 8.3 0.1 1:400
AGEA $1 5.0 0.00005 1:500
easyMarkets $100 6.1 0.01 1:400
ForexMart $1 4.4 0.01 1:500
XTB $1 6.4 0.01 1:30
Finotec $200 - 0.1 1:200
iFOREX (Vestle) $100 4.2 0.01 1:30
FIBOGroup $1 6.6 0.01 1:1000
GCI $500 7.0 0.1 1:100
One Financial Markets $250 - 0.01 1:30
ATC Brokers $5,000 - 1 1:200
FXCL $1 7.8 0.01 1:500
Admiral Markets $200 7.4 0.01 1:500
PFD $1 - 0.01 1:300
UFX $100 6.6 0.01 1:200
RFXT $50 - 0.01 1:400
CPT Markets (ex-Citypoint Trading) $500 - 0.01 1:500
FXGM $200 - 0.1 1:30
AAAFx $300 3.0 0.01 1:30
HotForex $5 8.9 0.01 1:1000
Pepperstone $200 6.5 0.01 1:500
AccentForex $10 8.7 0.01 1:500
Profiforex $1 6.0 0.01 1:500
Trader's Way $1 7.5 0.01 1:1000
Grand Capital $10 6.4 0.01 1:500
Axiory $500 - 0.01 1:400
Larson & Holz IT $250 - 0.01 1:500
ICM Capital $200 - 0.01 1:30
IFC Markets $1 8.3 0.001 1:400
NordFX $10 4.6 0.01 1:1000
AxiTrader $200 6.4 0.01 1:400
Blackwell Global $10,000 - 0.01 1:30
ThinkMarkets $250 2.8 0.01 1:500
FxNet $50 7.0 0.01 1:500
GAINSY $10 9.2 0.01 1:500
NatureForex $20 - 0.01 1:1000
Weltrade $25 7.4 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 1:30
NSFX $300 8.5 0.01 1:30
USGFX $100 - 0.01 1:500
TenkoFX $10 9.0 0.01 1:500
Invast Financial Services $100 - 0.01 1:400
Hantec Markets $1,000 - 0.01 1:30
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
Tickmill $100 8.0 0.01 1:500
WesternFX $25 - 0.01 1:500
Forex.ee $10 - 0.01 1:500
Trust Capital $10,000 - 0.1 1:400
LCG $33.33 - 0.1 1:500
Valutrades $100 - 0.01 1:400
Tradeo $250 - 0.01 1:200
FXPRIMUS $2,500 - 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
FxGrow $100 8.7 0.01 1:300
Alvexo $500 - 0.01 1:400
Trade12 $250 7.8 0.01 1:400
Kawase $1 - 0.01 1:100
Trade360 $500 - 0.005 1:200
Titan FX $200 - 0.01 1:500
ForexChief $50 8.8 0.01 1:400
VARIANSE $500 - 0.01 1:100
CM Trading $250 8.7 0.01 1:200
SuperForex $1 8.2 0.01 1:1000
AAATrade $500 8.9 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
JCMFX $10 - 0.01 1:1000
FX Giants $100 - 0.01 1:30
BDSwiss $200 - 0.01 1:400
Land-FX $300 8.8 0.01 1:500
CIBFX $500 4.9 0.01 1:200
LQDFX $20 8.9 0.01 1:500
CFDTimes $5 - 0.01 1:500
Fortrade $500 - 0.01 1:100
Turnkey Forex $5 9.1 0.01 1:400
TryMarkets $500 - 0.01 1:500
CMS Trader $500 - 0.01 1:400
TriumphFX $100 - 0.01 1:500
Tifia $10 - 0.01 1:1000
Swiss Markets $200 - 0.01 1:500
FXB Trading $250 6.4 0.01 1:500
World Forex $1 10 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 $10 - 0.01 1:500
Alfa Capital (ex-Alfa-Forex) $1 6.9 0.01 1:100
Boston Merchant Financial $50 6.1 0.01 1:400
CryptoRocket $10 - 0.01 1:500
Dukascopy $100 4.9 0.001 1:200
EverFX $2,500 - 0.01 1:500
FBS $1 4.4 0.01 1:3000
FreshForex $200 8.5 0.01 1:1000
HYCM $100 7.8 0.02 1:325
IronFX $100 4.2 0.01 1:30
OctaFX $100 6.7 0.01 1:500
Orbex $500 7.8 0.01 1:500
PaxForex $10 8.7 0.0001 1:500
TFI Markets $50 - 0.01 1:500
Vantage FX $200 6.0 0.01 1:500
XM (ex-XM.COM) $5 4.9 0.01 1:888
Fort Financial Services $1 8.2 0.01 1:1000
FxPro $100 9.0 0.01 1:50
MultiBank (ex-MEX Group) $50 - 0.01 1:500
UBFX $1 - 0.01 1:400
FXLinked $10 - 0.1 1:400
RCPro $500 - 0.01 1:200
Fondex $1 - 0.01 1:30
One Global Market $10,000 - 0.01 1:30
Blueberry Markets $100 - 0.01 1:500
Credit Financier Invest $1 - 0.01 1:30
Olymp Trade $2 10 0.01 1:500
LegacyFx $500 - 0.01 1:200

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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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.