Best Islamic Forex Account Brokers

RankBroker NameTrust Score Reviews
1XM99 / 100XM Reviews
2London Capital Group99 / 100London Capital Group Reviews
3InstaForex80 / 100InstaForex Reviews
4AvaTrade74 / 100AvaTrade Reviews
5LiteForex75 / 100LiteForex Reviews

The above table contains the top ranked forex brokers in our database for opening an Islamic account.

What is an Islamic Forex Account?

The Muslim faith forbids any giving or receiving of interest, and therefore a standard forex account according to Islamic law does not comply with Muslim beliefs. To accomodate traders who wish to abide by Islamic law but still trade in the foreign currency market, many forex brokers have introduced Islamic accounts. These accounts are free of any type of interest (Riba in Islam, also known as “swap” elsewhere) which is the amount of money debited or credited your trades due to difference in interest rates between the currencies).

Islamic accounts have become an important product offering for many forex brokers who wish to allow people with any religious belief to trade forex.

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Forex brokers who are listed on our website must be regulated with at least one regulatory body.

Advocating safe forex trading across the world

©2021 - Forex (foreign exchange) trading carries an amount of risk that may not be suitable for all investors. Margin trading can be beneficial but also detrimental. You should consider your level of experience, capital you are willing to risk and trading conditions with each broker prior to trading in the forex market.