What is islamic account in forex trading?

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.

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

What is Islamic Forex Account Broker?
Best Islamic Trading Brokers
What is Islamic Account?
What is Swap Rollover rate?
Islamic Forex Brokers List

What is Islamic Broker?

Islamic Broker is Broker with Islamic Account designed for traders following Islamic Finance, which is a specific method of financing and banking operations based and compliant with the principles of the Islamic or Sharia laws, while guided by Islamic economics.

Islamic laws applied rules to the trading industry, since by its nature Forex in Islamic perspective might be a forbidden type of investment, and created specialized Islamic Account to enable worldwide traders of the Islamic religion to join international trading of global markets. Read about Islamic Trading via Wikipedia.

The primary principle in the Islamic trading process regulation is to avoid any harmful activities, mainly avoid investments interest, restrict high-risk transactions which prohibit margin and derivatives trading. Also, 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 and risks are minimized. Recently, the increasing demand brings a wide range of respected Brokers offering Islamic Account, however Islamic worlds and mainly the Middle East still remains highly operated by the offshore and non-regulated companies which we recommend to avoid due to highest risk of scams.

💰 Rollover/ Swap	No
📊 Spreads	Standard as offered by Broker
📈 Trading Instruments	All, as offered by Broker
💻 Trading Platform	MT4, MT5, cTrader, Proprietary platforms

Best Islamic Trading Brokers

There are many leading Swap Free forex brokers offering Islamic accounts, here we select only the best one in the category.

BDSwiss – Best Swap-Free Islamic Broker for Beginners 2022
BlackBull Markets – Best Islamic Swap Free Broker 2022
FP Markets – Best MT4 Islamic Account 2022
HotForex – Best VIP Islamic Account Broker 2022

What is Forex Islamic Account?

Islamic Account is specifically designed account for traders who follow Islamic beliefs and offering adjusted trading conditions with no Swaps.

What is Swap Rollover rate?

Swap rates are overnight adjustment fees that are depending on the instrument you trade and might be negative or positive depending on the position sell or buy.

Islamic Forex Broker Malaysia

Most of the Brokers operation or accepting Malaysia clients offer Islamic or Swap Free accounts. You can check FP Markets, IG or XM.

List of Islamic Forex Brokers

These are the High Leverage forex brokers that are regulated and recommended for Trading:

Broker	Detail
BDSwiss	Min. Deposit: 100 US$ Max. Leverage: 1:30 \| 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App Regulation: CySEC, FSC, FSA	1 BDSwiss 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 to 1:400 Trading Platforms: MT4, MT5, cTrader, TradingView Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN	4 Pepperstone Review
HFM	Min. Deposit: 5 US$ Max. Leverage: 1:30 \| 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, DFSA, FSCA, FSA	5 HFM Review
BlackBull Markets	Min. Deposit: 200 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: FMA, FSA	BlackBull Markets Review
Axiory	Min. Deposit: 10 US$ Max. Leverage: 1:777 Trading Platforms: MT4, MT5, cTrader Regulation: FSC, FSC	Axiory Review
FBS	Min. Deposit: 1 USD Max. Leverage: 1:30 Trading Platforms: MT4, MT5, FBS trader, CopyTrade Regulation: CySEC, FSC, FSCA, ASIC	FBS Review
Eightcap	Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC, SCB	Eightcap Review
FXCC	Min. Deposit: No minimum deposit Max. Leverage: 1:30 \| 1:500 Trading Platforms: MT4 Regulation: CySEC, VFSC	FXCC Review