Best value

Best Islamic Forex Brokers 2020: Most Trusted Swap Free Forex Brokers

An islamic forex brokers offers its clients the possibility of opening an Islamic forex account. as you know, an Islamic forex account is also known as non-swap accounts or swap free forex broker because they do not involve any swat or rollover interest on day-to-day positions, which is contrary to the Islamic faith. if you are looking for a good islamic forex brokers, it can be a difficult task with all these forex brokers available online.

Islamic Forex Brokers

here is a list of the best islamic forex brokers to open an Islamic account choose to offer the best trading experience for Muslim traders.

1. XM
XM is a forex broker that offers an excellent condition to trade a wide range of trading instruments. xm has a strong regulatory base, with CYSEC, ASIC, and FCA being leading financial regulators.

xm offers 4 types of trading accounts with a minimum deposit of $5 for micro accounts with a maximum leverage of 1:888 depending on your country and also an Islamic account is also available for anyone who needs a trading account operated in accordance with the principles of Charria law.

xm offers its customers two types of Metatrader 4 and metatrader 5 platforms. these trading platforms offer a complete range of trading tools and features. they also offer ultra-fast execution, combative spreads, good educational resources and customer support that support more than 30 languages, as well as superb summer bonus promotions.

Offices In: Cyprus
Islamic Accounts: Yes
Regulator: IFSC, CySec, FCA, ASIC
Minimum Deposit: $5
Platforms Offered: MetaTrader 4, MetaTrader 5
Maximum Leverage: 1:888
Minimum Contract Size:  0.01 lot
Payment Methods: Credit Card, Neteller, Skrill, Wire Transfer, and more

 

2. Hotforex
Hotforex is a forex broker that offers trading services since 2010, they offer to trade several trading instruments, offers its clients 6 types of trading accounts, with a minimum deposit of $5 for micro trading accounts, $200 for a zero account with spreads of 0 pips the first accounts are available for a deposit of e$100.

Hotforex offers the two most popular trading platforms in the industry as trading platforms, Metatrader 4 and Metatrader 5 available on the desktop, web and mobile. They offer low spreads with an effect of 1:1000 and 150 maximum orders can be opened simultaneously.

Offices: Mauritius
Islamic Accounts: Yes
Regulator: FSCA, CySEC, FSC, DFSA
Minimum Deposit: $5
Platforms Offered: HotForex FIX/API, Metatrader 4, Metatrader 5
Maximum Leverage: 1:1000
Minimum Contract Size: 0.01 lot
Payment Methods: Credit Card, Neteller, Skrill, Wire Transfer, Sofort Banking, Fasapay, bitcoin, UnionPay

3. Markets.com
Markets.com is a broker founded in 2006, Regalement by Cysec (Cyprus Securities and Exchange Commission), ASIC (The Australian Securities and Investments Commission), and FSCA (Financial Sector Conduct Authority). The broker is one of the most dynamic service providers in the foreign exchange and CFD market. The broker offers comprehensive trading platforms for forex trading, including mobile versions and offering clients access to the most popular assets such as stocks, currencies, commodities and indices.

markets.com offers several types of trading accounts, with a minimum deposit of $100, leverage of up to 1:300 depending on your trading account, and when spreads are in the form of fixed spreads on currency pairs.

markets.com offers a wide range of educational materials for traders to improve trading skills, and professional technical support is provided to all customers, why not try these out forex brokers in uae.

Offices In: Cyprus
Islamic Accounts: Yes
Regulator: AISC, CYSEC, FSCA
Minimum Deposit: $100
Platforms Offered: MetaTrader 4, MetaTrader 5, Markets WebTrader, Mobile Apps
Maximum Leverage: 1:200
Minimum Contract Size: 0.01 lot
Payment Methods: Credit Card, Neteller, Skrill, Wire Transfer, Paypal

4. EasyMarkets
Easymarkets is a forex broker founded in 2003, which offers trading services in more than 150 countries in the world. the broker provides trading platforms for forex and commodities. the broker is at the forefront of technological innovations and also brings the latest innovations in forex trading to its clients. they offer customized forex training, and customer support specialists.

Easymarkets offers 4 types of trading accounts with variable requirements and margins. With regard to Islamic accounts, Easymarkets offers Sharia-compliant Islamic accounts (without swaps) are also available for clients who do not wish to earn interest for religious reasons.

this broker offers fixed spreads regardless of market conditions, leverage of up to 1:400 and very competent customer support available 24/5 via phone, email, and live chat.

Offices In: Cyprus
Islamic Accounts: Yes
Regulator: ASIC, CySEC
Minimum Deposit: $100
Platforms Offered: Metatrader 4, Web platform and easyMarkets on Mobile
Maximum Leverage: 1:400
Minimum Contract Size: 0.01 lot
Payment Methods: Credit Card, Neteller, Skrill, Wire Transfer, Webmoney

5. FXTM
FXTM forex is owned and operated by its field company FT Global Services Ltd and was founded in 2011, offering its clients access to the global foreign exchange market. in addition to currency trading, fxtm offers its clients the possibility to trade precious mullions, CFDs, CFDs on ETFs and CFDs on commodity futures contracts. FXTM offers metatrader 4 and metatrader 5 as trading platforms which are known as the most well known trading platforms in the industry.

FXTM also offers several types of trading accounts, gives you access to all the trading tools you need to succeed in forex, spreads are variable, leverage is high, and multilingual customer support is available by phone, live chat, and 24/5 email, see also, scalping forex brokers.

Offices In: Cyprus
Islamic Accounts: Yes
Regulator: FSCA , FCA, CySEC, IFSC
Minimum Deposit: $10
Platforms Offered: MetaTrader 4, MetaTrader 5
Maximum Leverage: 1:1000
Minimum Contract Size: 0.01 lot
Payment Methods: Credit Card, Neteller, Skrill, Wire Transfer, and  more

6. AvaTrade
avatrade de is an industry-known forex broker, which attaches fundamental values of integrity, innovation and user accountability. founded in 2006 and is known to be one of the leading online forex broker with more than 1.5 million transactions executed per month. they offer an exclusive trading platform built around the users in order to provide the ultimate online trading experience.

the minimum deposit to open an account with avatrade is $100, while in Islamic trading accounts, clients with an Islamic account will not be charged for daily exchange. the swap fee is fully replaced on the MT4 trading platform by a daily administration fee on all forex trading products

the minimum size of a lot is 0.1 lot, which is ideal for small investors. an offer to trade a large trading asset, when the leverage effect varies depending on the market and country and offers competitive spreads.

Offices In: Ireland
Islamic Accounts: Yes
Regulator: ASIC (Australia), CBI (Ireland),  BVIFSC (British Virgin Islands), FSB
Minimum Deposit: $100
Platforms Offered: MetaTrader 4, AvaOptions, Mobile trading Mac, Trading Web trading, AvaTradeGO, Automated Trading
Maximum Leverage: 1:400
Minimum Contract Size: 0.01 lot
Payment Methods: Credit Card, Neteller, Skrill, Wire Transfer, Paypal, Webmoney

We will be happy to hear your thoughts

      Leave a reply