Islamic Account Forex Brokers

Islamic Finance is a method of financing and banking operations, which is based on and 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 are some rules which should be followed according to the belief, while trading itself is permitted. For that reason, Islamic finance industry developed global standards to a unique account – Islamic Account, that enables worldwide traders to join the trading. The primary principle in the trading process regulation is to avoid any harmful activities, mainly investments interest, along with high-risk transactions that prohibits margin and derivatives trading. Which also means there is no applicable swap or rollover commissions, interest on overnight positions. Every broker that offers an Islamic Account must ensure that all rules are followed while risks are minimized in transactions and contracts. The increased demand brought a wide range of offers throughout various Brokerage Companies the list of which can be reviewed below.

Broker Regulation Detail User Reviews
etoro_review eToro CySEC,FCA, ASIC
Min. Deposit: US$200
Max. Leverage: 1:30
Trading Platforms: eToro Platform
0 Reviews eToro Review
Pepperstone review Pepperstone FCA, ASIC
Min. Deposit: 200 US$
Max. Leverage: 1:500
Trading Platforms: MT4, cTrader
0 Reviews Pepperstone Review
Amana Capital Review Amana Capital FCA, CySEC, DFSA
Min. Deposit: 50 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
0 Reviews Amana Capital Review
xm.com_review XM.com CySEC,FCA, ASIC
Min. Deposit: US$5
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, XM WebTrader
0 Reviews XM.com Review
hycm-forex-broker HYCM FCA, CySEC
Min. Deposit: 100 US$
Max. Leverage: 1:200
Trading Platforms: MT4, HYCM Mobile
0 Reviews HYCM Review
forex.com review Forex.com FCA, IIROC, ASIC, CFTC
Min. Deposit: 50US$
Max. Leverage: 200:1
Trading Platforms: MT4, FOREX.com Platforms
0 Reviews Forex.com Review
City Index Broker review City Index FCA
Min. Deposit: 100 GBP
Max. Leverage: 1:400
Trading Platforms: Advantage Web, AT Pro, Mobile Trading Apps, MT4
0 Reviews City Index Review
IC Markets Review IC Markets ASIC
Min. Deposit: 200 US$
Max. Leverage: 1:500
Trading Platforms: cTrader, MT4, MT5
0 Reviews IC Markets Review
Equiti Review Equiti JSC, FCA, DMCC, SCA
Min. Deposit: 500 US$
Max. Leverage: 1:500
Trading Platforms: MT4
0 Reviews Equiti Review
ICM Capital Broker review ICM Capital FCA
Min. Deposit: 200 US$
Max. Leverage: 1:200
Trading Platforms: MT4, cTrader
0 Reviews ICM Capital Review