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34 matches
Trading Experience
Trading Conditions
Account Types
Trading Platforms
Regulators
Trading Tools

These are brokers with the best Islamic accounts

34 matches | Sort by:
  • Minimum Deposit
    USD 10
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    TYPE OF BROKER

    Market Maker/ECN

    REGULATED BY
    CySEC CySEC
    FCA FCA
    FSC FSC
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    Trading Conditions
    • Max. Leverage : Flexible
    • Min. Spread : 0.0 pips
    • Currency Pairs : 59
    AccountSpread FromCommissionExecutionMin. Deposit
    Cent Account1.5 pipsNoneInstantUSD 10 Account Details
    Standard Account1.3 pipsNoneInstantUSD 100 Account Details
    ECN Zero Account1.5 pipsNoneMarketUSD 200 Account Details
    ECN Account0.1 pips$2.00MarketUSD 500 Account Details
    FXTM Pro Account0.0 pipsNoneMarketUSD 25000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    Trading Conditions
    • Max. Leverage : Flexible
    • Min. Spread : 0.0 pips
    • Currency Pairs : 59
  • Minimum Deposit
    USD 100
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Bonds
    • WTIs
    TYPE OF BROKER

    STP

    REGULATED BY
    CySEC CySEC
    FCA FCA
    FSA-Seychelles FSA-Seychelles
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • SticPay
    • Unionpay
    • Fasapay
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 60+
  • Minimum Deposit
    USD 50
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    TYPE OF BROKER

    ECN/STP

    REGULATED BY
    CySEC CySEC
    TRADING PLATFORMS
    • MT4
    • MT5
    • cTrader
    DEPOSIT METHODS
    • Visa
    • Skrill
    • Neteller
    • Bitcoin
    • Fasapay
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 28
  • Minimum Deposit
    USD 5
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    FCA FCA
    ASIC ASIC
    IFSC IFSC
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    Trading Conditions
    • Max. Leverage : 888:1
    • Min. Spread : 0.6 pips
    • Currency Pairs : 57
    AccountSpread FromCommissionExecutionMin. Deposit
    Micro1.0 pipsNoneInstantUSD 5 Account Details
    Standard1.0 pipsNoneInstantUSD 5 Account Details
    XM Ultra Low0.6 pipsNoneInstantUSD 50 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    Trading Conditions
    • Max. Leverage : 888:1
    • Min. Spread : 0.6 pips
    • Currency Pairs : 57
  • Minimum Deposit
    USD 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • ETFs
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    ASIC ASIC
    FSCA FSCA
    B.V.I FSC B.V.I FSC
    FSA FSA
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • POLi
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 50+
    AccountSpread FromCommissionExecutionMin. Deposit
    Islamic1.3 pipsNoneInstantUSD 100 Account Details
    Professional1.3 pipsNoneInstantUSD 100 Account Details
    Retail1.3 pipsNoneInstantUSD 100 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • ETFs
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • POLi
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 50+
  • Minimum Deposit
    USD 5
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    • Bonds
    TYPE OF BROKER

    ECN/STP

    REGULATED BY
    CySEC CySEC
    FCA FCA
    FSCA FSCA
    DFSA DFSA
    FSC FSC
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Bitcoin
    • VLOAD
    • Unionpay
    Trading Conditions
    • Max. Leverage : 1000:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 51
    AccountSpread FromCommissionExecutionMin. Deposit
    Micro1.0 pipsNoneMarketUSD 5 Account Details
    Islamic1.0 pipsNoneMarketUSD 100 Account Details
    Auto1.0 pipsNoneMarketUSD 200 Account Details
    Zero0.0 pips$3.00MarketUSD 200 Account Details
    HFCopy1.0 pipsNoneMarketUSD 300 Account Details
    Premium Pro1.0 pipsNoneMarketUSD 5000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    • Bonds
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Bitcoin
    • VLOAD
    • Unionpay
    Trading Conditions
    • Max. Leverage : 1000:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 51
  • Minimum Deposit
    USD 200
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Energies
    TYPE OF BROKER

    ECN/STP

    REGULATED BY
    FCA FCA
    ASIC ASIC
    TRADING PLATFORMS
    • MT4
    • MT5
    • cTrader
    DEPOSIT METHODS
    • Neteller
    • BPay
    • POLi
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.01 pips
    • Currency Pairs : 80+
    AccountSpread FromCommissionExecutionMin. Deposit
    Razor0.0 pipsAUD$ 7ECNUSD 200 Account Details
    Standard1.0 pipsNoneECNUSD 200 Account Details
    Swap-free1.0 pipsNoneECNUSD 200 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Energies
    TRADING PLATFORMS
    • MT4
    • MT5
    • cTrader
    DEPOSIT METHODS
    • Neteller
    • BPay
    • POLi
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.01 pips
    • Currency Pairs : 80+
  • Minimum Deposit
    USD 250
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Metals
    • Equities
    • Energies
    • ETFs
    • Bonds
    • Blends
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    FSCA FSCA
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Paypal
    Trading Conditions
    • Max. Leverage : 300:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 50+
    AccountSpread FromCommissionExecutionMin. Deposit
    Live0.9 pipsNoneInstantUSD 100 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Metals
    • Equities
    • Energies
    • ETFs
    • Bonds
    • Blends
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Paypal
    Trading Conditions
    • Max. Leverage : 300:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 50+
  • Minimum Deposit
    USD 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Metals
    • Vanilla Options
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Astropay
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 103
    AccountSpread FromCommissionExecutionMin. Deposit
    Islamic1.9 pipsNoneInstantUSD 100 Account Details
    Standard1.9 pipsNoneInstantUSD 100 Account Details
    Premium1.4 pipsNoneInstantUSD 2000 Account Details
    VIP0.9 pipsNoneInstantUSD 10000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Metals
    • Vanilla Options
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Astropay
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 0.9 pips
    • Currency Pairs : 103
  • Minimum Deposit
    GBP 5
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Spread Betting
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    FCA FCA
    B.V.I FSC B.V.I FSC
    TRADING PLATFORMS
    • MT4
    • Sirix
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    Trading Conditions
    • Max. Leverage : 1000:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 53
    AccountSpread FromCommissionExecutionMin. Deposit
    ECN Zero Account0.0 pips$10.00InstantUSD 5 Account Details
    Standard Fixed1.8 pipsNoneInstantUSD 5 Account Details
    Standard Variable1.3 pipsNoneInstantUSD 5 Account Details
    VIP Varibale0.6 pipsNoneInstantUSD 5000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Spread Betting
    TRADING PLATFORMS
    • MT4
    • Sirix
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    Trading Conditions
    • Max. Leverage : 1000:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 53
  • Minimum Deposit
    USD 5
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Metals
    • Equities
    TYPE OF BROKER

    ECN/STP

    REGULATED BY
    CySEC CySEC
    IFSC IFSC
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Visa
    • Neteller
    • Unionpay
    Trading Conditions
    • Max. Leverage : 3000:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 37
    AccountSpread FromCommissionExecutionMin. Deposit
    Cent1.0 pipsNoneSTPUSD 1 Account Details
    Islamic0.0 pipsNoneSTPUSD 1 Account Details
    Micro3.0 pipsNoneSTPUSD 5 Account Details
    Standard0.5 pipsNoneSTPUSD 100 Account Details
    Zero Spread0.0 pips$20STPUSD 500 Account Details
    ECN0.0 pipsNoneECNUSD 1000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Metals
    • Equities
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Visa
    • Neteller
    • Unionpay
    Trading Conditions
    • Max. Leverage : 3000:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 37
  • Minimum Deposit
    USD 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Futures
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    FCA FCA
    DFSA DFSA
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • WebMoney
    Trading Conditions
    • Max. Leverage : 200:1
    • Min. Spread : 0.2 pips
    • Currency Pairs : 38
    AccountSpread FromCommissionExecutionMin. Deposit
    Classic1.2 pipsNoneInstantUSD 100 Account Details
    Fixed1.8 pipsNoneInstantUSD 100 Account Details
    Islamic Fixed1.8 pipsNoneInstantUSD 100 Account Details
    Raw0.2 pips$4.00InstantUSD 200 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Futures
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • WebMoney
    Trading Conditions
    • Max. Leverage : 200:1
    • Min. Spread : 0.2 pips
    • Currency Pairs : 38
  • Minimum Deposit
    USD 5
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    • Indicies
    • Metals
    TYPE OF BROKER

    NDD Intervention Market Maker

    REGULATED BY
    CySEC CySEC
    FCA FCA
    IFSC IFSC
    TRADING PLATFORMS
    • MT4
    • xStation5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    Trading Conditions
    • Max. Leverage : 500:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 49
  • Minimum Deposit
    GBP 500
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    • Indicies
    • Equities
    • ETFs
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    TRADING PLATFORMS
    • MT4
    • Sirix
    DEPOSIT METHODS
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    Trading Conditions
    • Max. Leverage : 20:1
    • Min. Spread : 1.8 pips
    • Currency Pairs : 48
  • Minimum Deposit
    GBP 1000
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Equities
    • Bonds
    • Futures
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    FCA FCA
    TRADING PLATFORMS
    • MT4
    • MT5
    • AdvancedTrader
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Unionpay
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 1.7 pips
    • Currency Pairs : 78
  • Minimum Deposit
    USD 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Futures
    TYPE OF BROKER

    Market Maker/ECN

    REGULATED BY
    CySEC CySEC
    FCA FCA
    ASIC ASIC
    FSCA FSCA
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Unionpay
    • Fasapay
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 85
  • Minimum Deposit
    GBP 250
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Equities
    • Bonds
    • Interest Rates
    • Digital 100s
    • IPOs
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    FCA FCA
    ASIC ASIC
    FSCA FSCA
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Paypal
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.6 pips
    • Currency Pairs : 93
  • Minimum Deposit
    GBP 200
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Bonds
    • Futures
    TYPE OF BROKER

    ECN

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    TRADING PLATFORMS
    • MT4
    • MT5
    • cTrader
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Paypal
    • Unionpay
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 60
  • Minimum Deposit
    GBP 100
    TRADING INSTRUMENTS
    • Forex
    • Indicies
    • Metals
    • Equities
    • Energies
    • Futures
    TYPE OF BROKER

    NDD Intervention Market Maker

    REGULATED BY
    FCA FCA
    CySEC CySEC
    FSCA FSCA
    DFSA DFSA
    SCB SCB
    TRADING PLATFORMS
    • MT4
    • MT5
    • cTrader
    • FxProEdge
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Unionpay
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.6 pips
    • Currency Pairs : 70+
  • Minimum Deposit
    GBP 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    TYPE OF BROKER

    ECN/DMA

    REGULATED BY
    ASIC ASIC
    CySEC CySEC
    TRADING PLATFORMS
    • MT4
    • MT5
    • IRESS
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Paypal
    • Skrill
    • Neteller
    • Fasapay
    • BPay
    • paytrust88
    • POLi
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 50+
    AccountSpread FromCommissionExecutionMin. Deposit
    Standard IRESSN/A pips$10 AUD min, then 0.1%STPUSD 1,000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    TRADING PLATFORMS
    • MT4
    • MT5
    • IRESS
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Paypal
    • Skrill
    • Neteller
    • Fasapay
    • BPay
    • paytrust88
    • POLi
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 50+
  • Minimum Deposit
    GBP 50
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Bonds
    • Interest Rates
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    FCA FCA
    ASIC ASIC
    MAS MAS
    TRADING PLATFORMS
    • MT4
    • ATPro
    DEPOSIT METHODS
    • PayID
    • Bank Transfer
    • Visa
    • Mastercard
    • BPay
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.7 pips
    • Currency Pairs : 84+
    AccountSpread FromCommissionExecutionMin. Deposit
    Professional0.5 pipsNoneInstantUSD 500000+ Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Bonds
    • Interest Rates
    TRADING PLATFORMS
    • MT4
    • ATPro
    DEPOSIT METHODS
    • PayID
    • Bank Transfer
    • Visa
    • Mastercard
    • BPay
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.7 pips
    • Currency Pairs : 84+
  • Minimum Deposit
    GBP 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    FSC FSC
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Sofort Banking
    • Visa
    • Mastercard
    • Skrill
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 1.0 pips
    • Currency Pairs : 50+
  • Minimum Deposit
    USD 5
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    • Equities
    TYPE OF BROKER

    ECN

    REGULATED BY
    CySEC CySEC
    B.V.I FSC B.V.I FSC
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    • Broker to Broker
    Trading Conditions
    • Max. Leverage : 1000:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 110
    AccountSpread FromCommissionExecutionMin. Deposit
    Cent.Eurica pips0.03%-0.07%InstantUSD 5 Account Details
    Cent.Standard3 pipsNoneInstantUSD 5 Account Details
    Insta.Eurica pips0.03%-0.07%InstantUSD 5 Account Details
    Insta.Standard3 pipsNoneInstantUSD 5 Account Details
    Islamic pipsNoneInstantUSD 5 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    • Equities
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Bitcoin
    • Unionpay
    • Broker to Broker
    Trading Conditions
    • Max. Leverage : 1000:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 110
  • Minimum Deposit
    GBP 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    IFSC IFSC
    TRADING PLATFORMS
    • MT4
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 1.1 pips
    • Currency Pairs : 46
  • Minimum Deposit
    USD 5
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Metals
    TYPE OF BROKER

    Market Maker/ECN

    REGULATED BY
    FSC FSC
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • WebMoney
    • Bitcoin
    • VLOAD
    Trading Conditions
    • Max. Leverage : 1000:1
    • Min. Spread : 0.2 pips
    • Currency Pairs : 61
    AccountSpread FromCommissionExecutionMin. Deposit
    Mirco Account1.7 pipsNoneInstantUSD 5 Account Details
    Standard Account1.2 pipsNoneInstantUSD 100 Account Details
    ECN Account0.4 pips$1.50MarketUSD 500 Account Details
    Pro Account0.4 pipsNoneMarketUSD 25000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Metals
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • WebMoney
    • Bitcoin
    • VLOAD
    Trading Conditions
    • Max. Leverage : 1000:1
    • Min. Spread : 0.2 pips
    • Currency Pairs : 61
  • Minimum Deposit
    GBP 200
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • WTIs
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    FCA FCA
    DFSA DFSA
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Fasapay
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 54
  • Minimum Deposit
    GBP 5
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • WTIs
    TYPE OF BROKER

    ECN

    REGULATED BY
    FCA FCA
    ASIC ASIC
    DFSA DFSA
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 80+
    AccountSpread FromCommissionExecutionMin. Deposit
    MT4 Pro Account0.1 pips$7MarketUSD 5 Account Details
    MT4 Standard Account1.0 pipsNoneMarketUSD 5 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • WTIs
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Visa
    • Mastercard
    • Maestro
    • Skrill
    • Neteller
    • Bank Transfer
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 80+
  • Minimum Deposit
    USD 250
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    FSCA FSCA
    TRADING PLATFORMS
    • MT4
    • Sirix
    DEPOSIT METHODS
    • CashU
    • Bank Transfer
    • Neteller
    • Fasapay
    Trading Conditions
    • Max. Leverage : 200:1
    • Min. Spread : 1.5 pips
    • Currency Pairs : 47
    AccountSpread FromCommissionExecutionMin. Deposit
    Bronze1.5 pipsNoneInstantUSD 250 Account Details
    SilverNot Published pipsNoneInstantUSD 1000 Account Details
    GoldNot Published pipsNoneInstantUSD 10000 Account Details
    PremiumNot Published pipsNoneInstantUSD 25000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    TRADING PLATFORMS
    • MT4
    • Sirix
    DEPOSIT METHODS
    • CashU
    • Bank Transfer
    • Neteller
    • Fasapay
    Trading Conditions
    • Max. Leverage : 200:1
    • Min. Spread : 1.5 pips
    • Currency Pairs : 47
  • Minimum Deposit
    USD 200
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    FCA FCA
    ASIC ASIC
    TRADING PLATFORMS
    • etoro
    DEPOSIT METHODS
    • Visa
    • Mastercard
    • Neteller
    • Unionpay
    • Skrill
    • Paypal
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 2.0 pips
    • Currency Pairs : 47
    AccountSpread FromCommissionExecutionMin. Deposit
    Standard1.0 pipsNoneMarketUSD 200 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    TRADING PLATFORMS
    • etoro
    DEPOSIT METHODS
    • Visa
    • Mastercard
    • Neteller
    • Unionpay
    • Skrill
    • Paypal
    Trading Conditions
    • Max. Leverage : 400:1
    • Min. Spread : 2.0 pips
    • Currency Pairs : 47
  • Minimum Deposit
    USD 1
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Metals
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    FCA FCA
    FSC FSC
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    Trading Conditions
    • Max. Leverage : 2000:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 120
    AccountSpread FromCommissionExecutionMin. Deposit
    Mini MT40.3 pipsNoneMarketUSD 1 Account Details
    Mini MT50.3 pipsNoneMarketUSD 1 Account Details
    Standard Cent MT40.3 pipsNoneMarketUSD 1 Account Details
    Standard MT40.1 pipsNoneMarketUSD 1 Account Details
    Standard MT50.2 pipsNoneMarketUSD 1 Account Details
    Raw Spread0.0 pips$3.50MarketUSD 200 Account Details
    ECN MT40.0 pips$2.50MarketUSD 300 Account Details
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Metals
    TRADING PLATFORMS
    • MT4
    • MT5
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    Trading Conditions
    • Max. Leverage : 2000:1
    • Min. Spread : 0.1 pips
    • Currency Pairs : 120
  • Minimum Deposit
    GBP 50
    TRADING INSTRUMENTS
    • Cryptocurrencies
    • Forex
    • Indicies
    • Metals
    • Equities
    • Bonds
    • WTIs
    TYPE OF BROKER

    Market Maker/STP

    REGULATED BY
    FCA FCA
    ASIC ASIC
    FSCA FSCA
    TRADING PLATFORMS
    • MT4
    • NinjaTrader
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : Variable pips
    • Currency Pairs : 39
  • Minimum Deposit
    GBP 1
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    VNU VNU
    TRADING PLATFORMS
    • MT5
    • IKOFX
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    Trading Conditions
    • Max. Leverage : 1000:1
    • Min. Spread : 2.0 pips
    • Currency Pairs : 26
    AccountSpread FromCommissionExecutionMin. Deposit
    Mini2.0 pipsNoneInstantUSD 5 Account Details
    ECN2.0 pipsNoneInstantUSD 1000 Account Details
    Standard2.0 pipsNoneInstantUSD 2000 Account Details
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    TRADING PLATFORMS
    • MT5
    • IKOFX
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    Trading Conditions
    • Max. Leverage : 1000:1
    • Min. Spread : 2.0 pips
    • Currency Pairs : 26
  • Minimum Deposit
    GBP 100
    TRADING INSTRUMENTS
    • Commodities
    • Cryptocurrencies
    • Forex
    • Indicies
    • Equities
    • Vanilla Options
    • ETFs
    TYPE OF BROKER

    Market Maker

    REGULATED BY
    CySEC CySEC
    ASIC ASIC
    FSCA FSCA
    MAS MAS
    FMA FMA
    TRADING PLATFORMS
    • Plus500
    DEPOSIT METHODS
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Paypal
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.7 pips
    • Currency Pairs : 70+
  • Minimum Deposit
    GBP 300
    TRADING INSTRUMENTS
    • Commodities
    • Forex
    • Indicies
    • Equities
    TYPE OF BROKER

    ECN/STP

    REGULATED BY
    CySEC CySEC
    TRADING PLATFORMS
    • MT4
    • Sirix
    DEPOSIT METHODS
    • Bank Transfer
    • Mastercard
    • Skrill
    • Neteller
    Trading Conditions
    • Max. Leverage : 30:1
    • Min. Spread : 0.0 pips
    • Currency Pairs : 60+

Islamic Finance in Malaysia

Malaysia is widely regarded as a pioneer of the Islamic financial system and the Islamic interbank market, but it is only relatively recently that Islamic banking truly emerged in Malaysia. For decades, conventional banks were the only way to access the banking system.

In 1983 Bank Negara Malaysia (BNM) launched Bank Islam Malaysia Bhd (BIMB) to handle the financial needs of the country’s Muslim population.

But it wasn’t until 1993, when the Ministry of Finance introduced the Skim Perbankan Tanpa Faedah SPTF or the Interest-Free Banking Scheme, that Islamic banking became widely available as a consumer product.

The Interest-Free Banking Scheme made it a legal obligation for all conventional banks to offer Islamic banking options alongside more traditional methods. Banks quickly developed Shari’ah-compliant subsidiaries to handle the huge demand for Islamic banking and by 1994 the BNM had approved a total of 21 Islamic financial products for domestic financial institutions.

This rapid increase in both the supply of and demand for Islamic banking products was simultaneous with the development of the Islamic interbank system, which only further boosted growth of the Islamic money market. This explosive growth is visible in the increase of total assets of the Islamic banking sector from MYR21.6 billion in 1998 to MYR35.7 billion in 1999, an incredible growth rate of 65.8%.

Today, the nation is in the curious state of having two parallel banking systems, one conventional and the other Islamic, but both well developed and hugely profitable.

Foreign Exchange Trading in Malaysia

The key article of Islamic Mua’malat on Forex is the elimination of Riba – or interest on loans or assets.

Riba is central to conventional Forex trading, but some scholars believe that Islamic Forex transactions are not premised on the same philosophy as conventional practices, and are therefore legitimate under Shariʻah.

Islam also emphasises that when conducting business transactions, elements of uncertainty, excessive speculation and gambling should also be avoided, so it could be argued that hedging trades with Forex is also legitimate under Shari’ah. It is also widely agreed that conventional Forex transactions, if used carefully, are a very effective means of protecting banks from exposure to international risk.

In Malaysia, several brokers offer Shari’ah compliant accounts to make sure that your trading is not haram – though this does mean that there are a few differences when compared to traditional Forex accounts.

Islamic Forex Accounts Explained

Islamic Forex accounts have two underlying attributes:

Other than the above, Islamic Forex accounts usually have the same trading terms and conditions as a regular Forex account. However, some most Forex brokers change the commercial terms of trading with them and might limit the trader from trading cryptocurrencies. 

Some Forex brokers will widen their spreads on Islamic accounts to compensate for the missed revenue that would have otherwise have been generated by collecting interest. Another practice, but is far rarer, is that some Forex brokers charge an up-front commission on trades instead of widening the spreads.

Forex Brokers Offering Islamic Swap-free Accounts

There are a variety of brokers that offer Islamic accounts tailored for Muslim traders. There are usually no limitations on this account type – this means you can trade Forex, commodities, CFDs contracts and every financial instrument that complies with the Islamic financial regulations.

An important note:  With some Forex brokers, you will need to open a real trading account which can then be converted into an Islamic account.  Very few brokers have a registration page specifically for Islamic accounts, but many brokers taking clients from predominantly Muslim countries automatically create accounts as Islamic accounts.

If you are in doubt, do not make any deposits before discussing with your account manager.

Forex Rollovers & Swap Rates Explained

In the Forex market, any position held overnight generates a rollover which will be earned or paid out depending on the currency you are trading and the direction of the market. Rollover interest is a form of interest that can be credited or debited from your Forex trading account, and thus it is prohibited by Islamic financial regulations.  In the financial world, this rollover is also known as the swap rate.  So, Islamic Forex accounts are swap-free accounts where no overnight interest is credited or debited.

Islamic Financial Regulatory Bodies

The central financial regulatory bodies in the Islamic world are the following:

Forex brokers that are registered in Muslim majority countries often have to comply with many local regulations and are required to follow the Sharia law, whereas Western Forex brokers have much more flexibility when it comes to the interest charged to their clients.  This is why only some of the brokers offer this account type.

Summary

An Islamic Forex, or swap-free, account is an optional account type that is often selected after signing up with a broker.  They are intended for use by traders of the Islamic faith, which prohibits generating income from interest payments.  A majority of Forex brokers can accommodate followers of the Islamic faith by offering swap-free trading accounts that are compliant with Sharia law.

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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