Top Rated Islamic Forex Brokers Reviews - 2019
Affiliate Disclosure
DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships.Not all brokers offer an Islamic Forex account but those that do open up trading to millions of Muslim investors. According to Islamic law, often referred to as Sharia law, Muslims are prohibited from earning interest on their giving. This law also applies to interest earned on any banking or investing. Many brokers offer these traders the possibility of trading Forex according to Sharia law by opening an Islamic Forex account where interest-free Forex trading is made available. This is also called a ‘No Riba Forex’ account.
The team at Daily Forex examined the top Muslim friendly Forex brokers and has compared them in an easy to read list where you can determine which Islamic Forex broker is the best one for you. Some brokers will agree to change a traditional Forex account into an Islamic Forex account quickly and easily and this one of the features we have noted in the listing below, in addition to the other important information about our recommend Islamic Forex brokers.
Hybrid execution model + scalping, hedging and more trading options
Alpari International Review
Min. Deposit
$5
Bonus
50%
Trading Platform
MetaTrader 4, MetaTrader 5, Web-based, Other
Max. Leverage
N/A
Regulation
FSC
Hybrid execution model + scalping, hedging and more trading options
Min. Deposit
$100
Bonus
None
Trading Platform
MetaTrader 4, Proprietary platform
Max. Leverage
1:300
Regulation
CySEC, ASIC, FSB
Excellent educational offerings
Min. Deposit
$200
Bonus
None
Trading Platform
Web-based, Other
Max. Leverage
1:30
Regulation
CySEC, FCA, ASIC
Best broker for social traders and crypto traders
Min. Deposit
$100
Bonus
Up To $5000
Trading Platform
MetaTrader 4, Proprietary platform, Web-based
Max. Leverage
1:400
Regulation
MiFID, Central Bank of Ireland, ASIC, FSC, BVIFSC
Highly regulated, choice of fixed or floating spreads