Does Alpari offer islamic account?

Yes, Alpari does offer a islamic account in trading. It is called the swap-free account. Swap-Free account holders pay a fixed commission instead of swap, which depends not on a bank’s interest rates but on the currency pair and number of open lots. The minimum commission on these accounts has now decreased to $3 per 1 lot

Does FXTM offer islamic account?

Yes, FXTM does offer islamic account in trading. It is available on all their accounts, except MT5 and does not apply on exotic currencies

Does FP Markets offer islamic account?

Yes, FP Markets does offer islamic account in trading. However, it does charge an admin fee in USD per lot, per night

Does XM offer islamic account?

Yes, XM does offer islamic account in trading.However, XM reserves the right to revoke the swap-free status granted to any real trading account in the event of any form of abuse.

Islamic Account Forex Brokers

Islamic Finance is a specific method of financing and banking operations, which is based and sharply complies with the principles of the Islamic or Sharia laws, while guided by Islamic economics. Since the online trading is the expanding investment solution for the last decades, there was a need to apply Islamic laws to the trading industry as well, since by its nature it might be a forbidden type of investment. However, Islamic economists created specialized rules according to believe which should be followed, while trading itself became permitted.

the Islamic finance industry developed global standards to a unique account – Islamic Account that enables worldwide traders of the Islamic religion to join international trading of global markets.

The primary principle in the Islamic trading process regulation is to avoid any harmful activities, mainly investments interest, along to restrict high-risk transactions which prohibit margin and derivatives trading. That also means that the Islamic Broker Account should not apply swap or rollover commissions, or interest on overnight positions. Every broker that offers an Islamic Account must ensure that all rules are followed while risks are minimized within the transactions and contracts. Recently, the increasing demand brings a wide range of offers throughout various Brokerage Companies, however Islamic worlds and mainly the Middle East still remains highly operated by the offshore and non-regulated companies. In this case, none of the specifications are able to protect trading accounts, thus it is a paramount priority to choose only among well-regulated Brokers which provide safety by the regulatory international requirements.

Broker	Detail
FXTM	Min. Deposit: US$200 Max. Leverage: 1:30 \| 1:200 Trading Platforms: MT4, MT5, FTXM Trader Regulation: CySEC,FCA, FSCA	1 FXTM Review
BlackBull Markets	Min. Deposit: 200 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: FMA, FSA	2 BlackBull Markets Review
FP Markets	Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: IRESS, MT4, MT5 Regulation: ASIC, CySEC	3 FP Markets Review
Pepperstone	Min. Deposit: 200 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5, cTrader Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN	4 Pepperstone Review
BDSwiss	Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App Regulation: ESMA, CySEC, FSC, NFA, FSA	5 BDSwiss Review
Axiory	Min. Deposit: 10 US$ Max. Leverage: 1:777 Trading Platforms: MT4, MT5, cTrader Regulation: IFSC	Axiory Review
HotForex	Min. Deposit: 5 US$ Max. Leverage: 1:30 \| 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, DFSA, FSCA	HotForex Review
Eightcap	Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC	Eightcap Review
Trade Nation	Min. Deposit: 0 US$ Max. Leverage: 1:30 \| 1:200 Trading Platforms: MT4, CoreTrader2 Regulation: FCA, ASIC, FSCA, SCB	Trade Nation Review
FXCC	Min. Deposit: No minimum deposit Max. Leverage: 1:30 \| 1:500 Trading Platforms: MT4 Regulation: CySEC, VFSC	FXCC Review