10 Best Forex Brokers Offering Islamic Accounts 2026

For traders looking for swap-free, Sharia-compliant trading, I will go over the Top Forex Brokers Offering Islamic Accounts in this post.

These brokers guarantee adherence to Islamic finance principles while offering dependable platforms, tight spreads, and strong customer service.

This guide will assist you in selecting brokers who satisfy your trading demands and ethical standards, regardless of your level of experience.

Why Use Forex Brokers Offering Islamic Accounts

Trade with peace of mind.

Muslim traders do not need to worry about violating Sharia law because Islamic accounts do not charge overnight interest (swap) fees.

No overnight interest fees.

Traders can leave their positions open overnight. With Islamic accounts, there are no interest fees (positive or negative) to worry about, which can make long-term trades less expensive.

Use of Market Leading Brokers

The use of Islamic accounts, Forex Brokers such as FP Markets, IC Markets, XM, AvaTrade, and eToro become accessible and trusted Brokers.

Same Trading Opportunities

Islamic accounts have similar spreads, execution speeds, and platforms as other accounts, which means they still have professional trading conditions.

Versatile Trading Methods

The accounts are not interest-based, which means all trading methods (including scalping, day trading, and swing trading) can be used without penalties.

Safe & Compliant

Brokers with Islamic accounts are usually licensed through ASIC, FCA, or CySEC. This means their clients funds are protected, and their trading methods are safe.

Options for New Users

Islamic accounts are made more suited to newer traders as a lot of these brokers offer educational materials, low minimum deposits and responsive customer service.

Key Point & Best Forex Brokers Offering Islamic Accounts List

Broker	Key Point
FP Markets	Offers ECN-style pricing with deep liquidity, making it suitable for scalpers and algorithmic traders seeking low spreads.
IC Markets	Known for ultra-low raw spreads and high execution speed, ideal for high-frequency and professional forex traders.
AvaTrade	Strong regulatory coverage and fixed-spread options make it attractive for risk-averse and beginner traders.
eToro	Industry-leading social trading features allow users to copy top-performing traders automatically.
XM	Beginner-friendly broker with low minimum deposits and extensive educational resources.
Exness	Provides high leverage flexibility and instant withdrawals, popular among active retail traders.
Pepperstone	Delivers fast execution with multiple trading platforms, including MT4, MT5, and cTrader.
Tickmill	Competitive commissions and tight spreads suit cost-conscious traders and scalpers.
Plus500	Simple, proprietary platform focused on CFD trading with transparent pricing and no commissions.
InstaForex	Supports small account sizes and cent accounts, appealing to new and low-capital traders.

1. FP Markets

FP Markets began operating in 2005 and opened its headquarters in Sydney, Australia. Over the years, the company has become one of the most well-regulated brokers, receiving licenses from places such as ASIC, CySEC, the Financial Sector Conduct Authority of South Africa, Seychelles, and the Capital Markets Authority.

These licenses ensure the strict supervision of client funds and the safety of FP Markets. The broker has achieved one of the most competitive fee structures among its peers, which include ECN fees, low, easily accessible spreads and commissions, and a plethora of trading platforms to choose from.

These include MT4, MT5, and cTrader, among others. FP Markets excels in servicing scalpers, ECN traders, and anyone looking for high liquidity. For traders who operate under Sharia compliance and require a swap account, FP Markets offers swap-free accounts on select platforms.

FP Markets Features, Pros & Cons

Features

1. ECN-style pricing with spread discounts
2. Multiple platforms: MT4, MT5, and cTrader
3. Various liquidity providers
4. Islamic accounts available
5. Multiple regulations

Pros

1. Strong platform variety
2. Fast execution
3. Low spreads ideal for scalping
4. Advanced charting
5. Strong educational tools

Cons

1. Commissions on some accounts
2. Some tools are proprietary
3. Overnight fees on If trading on non-Islamic accounts
4. Not great for absolute beginners
5. No in-house stock trading

2. IC Markets

IC Markets, which opened in 2007, is also the most well-regulated broker. In addition to licenses from the ASIC (Australia), CySEC (Cyprus), SCB, and the FSA of Seychelles, IC Markets has also obtained a Capital Markets Authority license, further strengthening its global compliance. IC Markets is well-known for its competitive trading conditions.

The broker offers low trading fees, and commissions, as well as spreads falling as low as 0.0 pips.Traders have access to the following supported platforms: MetaTrader 4 and 5, cTrader, and TradingView. IC Markets is notable for its seamless integration with its execution service and strong liquidity, particularly favored by scalpers and algorithmic traders.

Brokerage support is around the clock and offered by chat, email, and phone. The service is most suitable for active, professional, and large-scale traders. IC Markets is also accommodating to Islamic customers by providing Islamic swap-free accounts across most of its account types. 

IC Markets Features, Pros & Cons

Features

1. MT4, MT5, and cTrader support
2. Deep liquidity for larger sizes
3. Low raw spreads
4. Global regulation (ASIC, CySEC, FSC)
5. Islamic accounts available

Pros

1. Scalping and algo trading, best for
2. Fast execution
3. Advanced support
4. VPS hosting
5. Extensive currency pairs

Cons

1. Commissions on raw accounts
2. New traders find the pricing complex
3. No proprietary trading platform
4. Slightly less education
5. VPS has higher requirements

3. AvaTrade

AvaTrade is a forex and CFD broker with a large global reach and is regulated in multiple jurisdictions, including the FSA, FCA, CySEC, and ASIC. In 2006, AvaTrade began operation with low commission rates and competitive spreads on multiple assets—indices, cryptocurrencies, commodities, and forex.

AvaTrade is also compatible with many platforms, including MetaTrader 4 and 5, AvaTradeGO, WebTrader, and various automated trading tools. AvaTrade also has a global support service that is distributed across live chat, email, and phone, and includes a large library of educational materials. AvaTrade is suitable for traders that value platform diversity and robust regulation. Adherents to the Islamic faith can also access Islamic swap-free accounts.

AvaTrade Features, Pros & Cons

Features

1. Proprietary platforms, MT4, and MT5
2. Swap-free Islamic accounts
3. Excellent regulatory coverage
4. Asset diversity (stocks, cryptos, FX)
5. Social and automated trading

Pros

1. Support for beginners
2. Diversified platforms
3. Extensive market offerings
4. Transparency in fees
5. Strong UX on mobile app

Cons

1. Compared to ECN brokers, spreads may be high
2. MT5 availability is limited in certain countries
3. Fees for withdrawing funds
4. Insufficient support for scalping
5. Not well suited for high-frequency trading

4. eToro

In 2006, eToro was founded, and it is regulated by most major global regulators, including the FCA, ASIC, and CySEC.

Best known for social and copy trading, eToro is a platform where users can follow and copy trades done by expert traders, which is beneficial for beginners and social investors. The brokerage offers a unique web and mobile platform, easy-to-use features, and trading on forex, stocks, cryptos, ETFs, and commodities.

eToro has a spread fee structure and no stock commission. Customers can use help and support tickets. eToro is better suited for beginners, social traders, and multi-asset traders. In some regions, eToro provides Islamic accounts that are swap-free.

eToro Features, Pros & Cons

Features

1. Social trading and copying
2. Swap-free Islamic accounts
3. Web and mobile platforms
4. Multinational (stocks, FX, crypto), multi-asset trading
5. Multiple regional regulations

Pros

1. Strong support for beginners
2. Social trading, investment, and community
3. Free trading on stocks
4. Interface is easy to navigate
5. Community is large

Cons

1. Wide spreads
2. Fewer types of advanced orders
3. Fees apply to accounts not in use
4. Platforms MT4 and MT5 are not supported
5. On forex, spreads can be high

5. XM

Founded in 2009 and regulated by multiple authorities like the UK’s FCA, Australia’s ASIC, Cyprus’ CySEC and Belize’s IFSC, XM offers a solid regulatory structure for global traders.

Starting with a very low deposit of around $5, XM is one of the most beginner-friendly forex brokers. It offers MetaTrader 4 and MetaTrader 5 trading on a variety of currency pairs, CFDs on indices, and commodities, etc.

On the zero accounts, fees include variable spreads with an optional commission, and usually, deposit and withdrawal fees. Customer support is provided 24/5 in several languages. XM provides Islamic swap-free accounts for Sharia-compliant trading upon request.

XM Features, Pros & Cons

Features

1. Platforms MT4 and MT5
2. Accounts Islamic swap free
3. Deposit minimums are low
4. Multi-regulated brokers
5. Tools for educating are plentiful

Pros

1. Ideal for novices
2. Support and webinars are robust
3. No hidden charges
4. Affordable starting costs
5. Variety of trading instruments

Cons

1. Standard account spreads are wider
2. cTrader isn’t supported
3. Fewer tools for advanced traders
4. Commission only for Zero accounts
5. Not the best for scalpers

6. Exness

Exness, which started its operations in 2008, is a global broker that is well-established and regulated in multiple jurisdictions, including the UK’s FCA, Cyprus’ CySEC, FSCA and others, which provides clients security and transparency.

Recognized for rapid execution, quick withdrawals, adaptable high leverage and tight spreads, Exness supports seamless trading across MetaTrader 4, MetaTrader 5, Exness Web and mobile apps.

Exness has no hidden fees and withdrawals are processed quickly. Customer experience is supported 24/7. Exness is Islamic accounts, suitable for both professional and beginner traders who prioritize reliability and execution speed.

Exness Features, Pros & Cons

Features

1. Flexible leverage and tight spreads
2. Support for MT4 and MT5
3. Withdrawal processing is fast
4. Swap-free accounts are available
5. Top-tier and emerging market regulation

Pros

1. Cost-effective trading
2. Execution is fast
3. Good for trading frequently
4. Analytics on account activity is advanced
5. Pricing is transparent

Cons

1. Risk increases with high leverage
2. Fewer trading platforms to use
3. Minimal in-house developed features
4. Social trading features aren’t many
5. Less focus on educational tools

7. Pepperstone

Pepperstone, founded in 2010, is a multi-regulated broker under ASIC, FCA, and CySEC, and offers one of the fastest executions and the lowest spreads that are ideal for scalping and algorithmic trading.

They provide the most used trading platform MetaTrader 4, MetaTrader 5, and cTrader, as well as TradingView for advanced charting and analysis. Pepperstone is very straightforward in their fee structure, and there are low costs on both the commission and spread of the razor and standard accounts, respectively.

They are very responsive, and customers can contact support through chat and email. It is ideal for professional and active traders. Pepperstone features Islamic swap-free accounts which are fully compliant with Sharia.

Pepperstone Features, Pros & Cons

Features

1. Support for MT4, MT5, cTrader
2. Available accounts with Islamic swap-free options
3. Execution is fast with tight spreads
4. Global regulation
5. Algorithmic traders get VPS support

Pros

1. Outstanding for scalping and EAs
2. Liquidity is excellent
3. Infrastructure is professional-grade
4. Support for customers is good
5. Solutions for advanced charting

Cons

1. Some accounts have commissions
2. Pricing tiers are complex
3. Not great for new traders
4. Research is limited and not proprietary
5. Customer service is inconsistent in some countries

8. Tickmill

Tickmill is a multi-regulated broker with an FCA, CySEC, and FSCA license which he has held since he started operations in 2014.

MetaTrader 5 and 4 services include reliable execution and sophisticated charting tools. Tickmill offers responsive customer service via email, chat, and phone. Resources for market analysis and learning are provided.

Islamic swap-free accounts, which are designed for compliant traders, are available, making Tickmill the best choice for cost-efficient traders and professionals.

Tickmill Features, Pros & Cons

Features

1. Low spreads and commissions.
2. Platforms MT4 & MT5
3. Accounts that are Islamically swap-free
4. Rigorous regulatory supervision
5. Quick execution of trades

Pros

1. Affordable trading
2. Scalpers & pros beneficial
3. Easy types of accounts
4. High security & compliance
5. Reasonable pricing

Cons

1. Insufficient variety of assets
2. No proprietary platform
3. Limited educational materials
4. Not suitable for beginners
5. Platforms for MetaTrader only

9. Plus500

CFD company Plus500 has been active since 2008 and listed on the London Stock Exchange. The company has also been regulated by the FCA, CySEC, and ASIC, among others. This makes Plus500 one of the more reputable CFD Broker options.

Plus500 also has its own trading platform which is based on simplicity and allows the user efficiency when trading. The platform also has CFDs on stocks, cryptos, commodities, indices, and Forex.

Customer service is available via live chat and email, with a response time of 24 hours. The platform is also compatible with Islamic swap-free accounts for CFD trading with no fees to Muslim traders who are looking for Sharia-compliance. 

Plus500 Features, Pros & Cons

Features

1. Own trading platform
2. Accounts that are Islamically swap-free
3. Trading CFDs across multiple markets
4. Top jurisdiction regulations
5. Basic pricing model

Pros

1. Easy to use platform
2. Nice for CFD traders
3. No commission
4. Mobile application
5. Nice for new users

Cons

1. MT4/MT5 are absent
2. Basic tools are limited
3. No social copy trading
4. Inactive markets have higher spreads
5. Poor research

10. InstaForex

Founded in 2007 InstaForex offers trading of CFD and forex, along with trading on MetaTrader 5 and 4, and a variety of accounts, including cent accounts for those with limited trading capital.Aside from this, InstaForex has no first-tier licenses, and is considerably more unregulated compared to most brokers, and that has no doubt increased the risk.

Spread and commission fees apply and are dependent on the specific account. Customer support is offered through chat, email, and phone. InstaForex is most suited to newcomers and traders with limited capital. Islamic swap-free accounts could potentially be offered; however, traders need to confirm the exact conditions before account opening.

InstaForex Features, Pros & Cons

Features

1. Support for MT4 & MT5
2. Different types of accounts (including cent)
3. Accounts that are Islamically swap-free (depending on region)
4. Extensive selection of instruments
5. Not much top-tier regulation

Pros

1. Extremely low minimal deposit
2. Micro accounts are available
3. Many trading instruments
4. Quick setup of accounts
5. Support for multiple languages

Cons

1. Supervisor is less strict
2. The spread varies in some accounts
3. Fees are less visible
4. Restricted higher-tier offerings
5. Support quality is inconsistent

Conclusion

For traders looking for Sharia-compliant trading without interest fees on overnight positions, selecting a forex broker that offers Islamic (swap-free) accounts is crucial.

Reliable Islamic account options, competitive spreads, strong platforms, and attentive customer support are offered by brokers such as FP Markets, IC Markets, AvaTrade, eToro, XM, Exness, Pepperstone, Tickmill, Plus500, and InstaForex. Top-tier regulators oversee the majority, guaranteeing fair business practices and the protection of funds.

These brokers combine compliance, transparency, and flexibility, making them perfect for Muslim traders worldwide, whether you’re a newbie looking for instructional support, a scalper demanding tight spreads, or a professional trader requiring huge leverage.

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