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 137 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 5.1 0.01 1:888
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
  • Countries
    AU CY GR HU
  • Regulation
    • ASIC, 443670
    • BaFin, 124161
    • CNMV (Spain), 2010157773
    • CONSOB (Italy), 3046
    • CySEC, 120/10
    • FCA (UK), 538324
    • FSP (New Zealand), FSP235905
FXTM $5 8.8 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.
HYCM $50 7.5 0.02 1:325
  • Platforms
    • MetaTrader 4
    • Currenex Classic
  • Countries
    AE GB HK
  • Regulation
    • CySEC, 259/14
    • FCA (UK), 186171
FxGlory $1 7.4 0.01 1:3000
  • Platforms
    • MetaTrader 4
    • WebTrader
  • Countries
    BG GE
  • Regulation
    • National Bank of Georgia, N2-06/3625-12
easyMarkets (ex-Easy-Forex) $100 6.1 0.01 1:400
  • Platforms
    • MetaTrader 4
    • Web Trading
    • MobileTrader
  • Countries
    AU CY PL
  • Regulation
    • ASIC, 246566
    • CySEC, 079/07
RoboForex $1 4.8 0.01 1:500
InstaForex $1 5.7 0.0001 1:1000
eToro $200 8.8 0.1 1:400
Forex4you $50 4.7 0.01 1:1000
AMarkets $1 7.4 0.01 1:1000
FXOpen $1 7.3 0.001 1:500
AvaTrade $100 4.0 0.01 1:400
LiteForex $10 5.4 0.01 1:1000
AGEA $1 5.5 0.00001 1:500
MFX Broker $1 6.6 0.01 1:500
Liteforex (Europe) (ex-Mayzus) $100 5.5 0.01 1:1000
XTB $1 6.4 0.01 1:200
Finotec $200 - 0.1 1:200
iFOREX $100 4.2 0.02 1:400
FIBOGroup $1 4.6 0.01 1:1000
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
FXCL $1 7.8 0.01 1:500
Admiral Markets $200 8.5 0.01 1:500
AL Trade $20 4.0 0.01 1:500
PFD $1 - 0.01 1:500
UFX (ex-UFXMarkets) $100 6.6 0.01 1:200
RFXT $1 - 0.01 1:100
Citypoint Trading $500 - 0.1 1:100
Global Futures $250 - 0.01 1:400
FXGM $200 - 0.1 1:400
AAAFx $300 3.3 0.01 1:500
HotForex $50 7.6 0.01 1:1000
Pepperstone $200 6.5 0.01 1:400
AccentForex $1 8.5 0.01 1:500
Profiforex $1 7.8 0.01 1:500
SunbirdFX $100 1.4 0.01 1:100
Bloombex Options $200 - 0.1 1:100
IronFX $100 4.2 0.01 1:500
Trader's Way $1 7.3 0.01 1:1000
Grand Capital $10 6.6 0.01 1:500
Axiory $500 - 0.01 1:500
MEX Group (ex-Ikon Group) $1 - 0.01 1:500
OctaFX $100 - 0.01 1:500
Larson & Holz IT $250 - 0.01 1:500
ICM Capital $200 - 0.01 1:200
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 7.0 0.01 1:500
GAINSY $10 9.2 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 8.1 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 6.5 0.01 1:100
JustForex $0.50 8.4 0.01 1:2000
BelforFx $100 - 0.01 1:400
TenkoFX $10 7.0 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 - 0.01 1:200
1BillionForex $100 - 0.01 1:200
ETX Capital $100 - 0.01 1:200
Vistabrokers $100 - 0.01 1:100
HiWayFX $20 7.0 0.01 1:500
FXMoneyWorld $100 - 0.01 1:400
GDMFX $100 - 0.01 1:500
MXTrade $250 5.9 0.01 1:400
Tickmill $25 8.1 0.01 1:500
WesternFX $50 - 0.01 1:500
NewForex $1 8.8 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 - 0.01 1:1000
AAFX Trading $50 - 0.01 1:2000
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 8.5 0.01 1:300
FxGrow $100 8.7 0.01 1:300
Alvexo $500 - 0.01 1:400
ForexMart $1 4.0 0.01 1:1000
Trade12 $250 8.1 0.01 1:400
Kawase $1 - 0.01 1:100
MTI Markets $100 - 0.01 1:1000
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 7.8 0.01 1:400
SuperForex $1 - 0.01 1:1000
TradeWiseFX $25 - 0.01 1:500
AAATrade $500 - 0.1 1:200
TraderNovo $100 - 0.01 1:100
Atiora $50 - 0.01 1:100
TempleFX $50 - 0.01 1:400
Trade Fintech $250 8.5 0.01 1:200
JCMFX $10 - 0.01 1:1000
FX Giants $100 - 0.01 1:500
Hydra Markets $100 - 0.01 1:1000
BDSwiss $1 - 0.01 1:1000
Land-FX $300 8.9 0.01 1:500
CIBFX $100 - 0.01 1:500
LQDFX $20 - 0.01 1:500
CFDTimes $50 - 0.01 1:500
Turnkey Forex $5 8.2 0.01 1:200
TryMarkets $500 - 0.01 1:500
CMS Trader $500 - 0.01 1:400
Circle Markets $50 - 0.01 1:500
Alpari $1 4.7 0.01 1:500
Boston Merchant Financial $50 7.0 0.01 1:400
FBS $1 - 0.01 1:3000
Fort Financial Services $5 7.0 0.01 1:1000
FreshForex $200 8.8 0.01 1:1000
PaxForex $10 9.3 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
FxPro $100 6.9 0.01 1:500
IFC Markets $1 8.3 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.