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
alpari review Alpari
Min. Deposit: 20 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: SVG FSC, IFSC
1
Alpari Review
ForexTime FXTM review FXTM
Min. Deposit: US$200
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5
Regulation: CySEC,FCA, FSCA
2
FXTM Review
FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC
3
FP Markets Review
xm.com_review XM
Min. Deposit: US$5
Max. Leverage: 1:30 to 1:888
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, IFSC
4
XM Review
avatrade review AvaTrade
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, AvatradeGo
Regulation: Bank of Ireland, ASIC, JFSA, FSCA
5
AvaTrade Review
GO Markets Review GO Markets
Min. Deposit: 200 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, WebTrader
Regulation: ASIC
GO Markets Review
FBS logo FBS
Min. Deposit: 10 EUR
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: CySEC, IFSC
FBS Review
OctaFX
Min. Deposit: 100 EUR
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT5, cTrader
Regulation: CySEC
OctaFX Review
etfinance logo ETFinance
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: WebTrader, MT4
Regulation: CySEC
ETFinance Review
ROinvesting logo ROinvesting
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: MT4, WebTrader
Regulation: CySEC
ROinvesting Review