Muslim Forex Brokers
A list of Forex brokers which are friendly to Muslim Forex traders ,
allowing them to open the accounts without overnight interest (no Riba accounts) . Such brokers
can be very useful for traders from Iran, Saudi Arabia and other countries of Middle East.
Sort by: Order | Minimum Account | Traders' Rating | Name
FXcast
Advantages:
Metatrader 4 Forex broker
WebMoney, e-Bullion, E-Dinar, c-gold, Liberty Reserve and wire transfer deposit/withdraw options
Leverage from 1:25 to 1:400
Muslim friendly Forex broker
Disadvantages:
No important disadvantages
Click here to open an account with FXcast
InstaForex
Company: InstaForex
On-line since: 2008
Regulation: Unregulated
Payment options: PayPal, wire transfer, credit cards, WebMoney, e-Bullion, e-gold and RuPay
Minimum account size: $10
Minimum lot size: 0.01
Leverage: from 1:1 to 1:500
Spreads: 3 pips on EUR/USD
Rating: 4.7/10 with 74 votes
Rate
Reviews: Read or write a review of InstaForex broker
Categories: PayPal Forex brokers , e-gold Forex brokers , Metatrader Forex brokers , Forex brokers with CFD trading , Muslim Forex brokers , WebMoney Forex brokers
Advantages:
MetaTrader 4 trading platform
6% interest rate on deposit
Flexible leverage
Wide range of funding options
Islamic (no interest) accounts available
Disadvantages:
No important disadvantages
Click here to open an account with InstaForex
FXOpen
Advantages:
MetaTrader 4 Forex broker
Traders contests and competitions
Bonus for real trader account opening
Muslim Forex broker - no-overnight interest accounts
WebMoney funds deposit/withdraw option
Futures trading is available
Start trading with as little as $1
Disadvantages:
No important disadvantages
Click here to open an account with FXOpen
Marketiva
Company: Marketiva Corporation
On-line since: 2005
Regulation: Incorporated as an international business corporation in British Virgin Islands with registration number IBC CAP. 291 Reg. # 646819. Marketiva Corporation is under jurisdiction of the Financial Services Commission (FSC) and conforms with its regulations and internationally accepted supervisory and regulatory standards.
Payment options: WebMoney , e-Bullion, E-Dinar, Liberty Reserve and wire transfer
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Rating: 6.3/10 with 25 votes
Rate
Reviews: Read or write a review of Marketiva broker
Categories: Muslim Forex brokers , WebMoney Forex brokers
Advantages:
Client program with a user-friendly interface
Great support chat
Fast order execution
No limit on trade size
No overnight interest
Liberty Reserve, E-bullion, E-Dinar and WebMoney billing options
Investment funds shares available
World indexes and precious metals trading
Disadvantages:
No MetaTrader 4 software support
U.S. citizens can't open accounts
$7 withdrawal fee (only first withdrawal)
Muslim Forex broker - no overnight interest
No contact phone/fax numbers
Click here to open an account with Marketiva
X-Trade Brokers
Advantages:
MetaTrader4 software support
Supports trading over the phone
Muslim Forex broker
Disadvantages:
No mini Forex accounts
Opening an account is a complicated process
Click here to open an account with X-Trade Brokers
Tadawul FX
Company: Tadawul FX SA.
On-line since: 2006
Regulation: Registered with ARIF (Association Romande des Intermédiaires Financiers) - a Swiss organization against money laundering, is also audited by Swiss financial auditor VERIFID.
Payment options: Bank wire
Minimum account size: $1,000
Minimum lot size: 0.1 lot
Leverage: from 1:33 to 1:100
Spreads: 3 pips on EUR/USD
Rating: 4.1/10 with 17 votes
Rate
Reviews: Read or write a review of Tadawul FX broker
Categories: Metatrader Forex brokers , Muslim Forex brokers
Advantages:
Islamic Forex broker
MetaTrader4 Forex broker
Registered with very serious regulation authorities
Mobile trading supported
Disadvantages:
Opening an account is a complicated process
Click here to open an account with Tadawul FX
Forex.CH
Company: GFX Group SA
On-line since: 2005
Regulation: Registered with the Swiss self-regulated financial organization PolyReg.
Payment options: Bank wire and checks
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 2—3 pips on EUR/USD
Rating: 8.3/10 with 3 votes
Rate
Reviews: Read or write a review of Forex.CH broker
Categories: Forex brokers with advanced platform , Muslim Forex brokers
Advantages:
Advanced trading platform
Stock indices trading available
No overnight interest for Muslim traders
Disadvantages:
High account size minimum for mini Forex
Commissions for no-overnight interest accounts
Opening an account is a complicated process
Click here to open an account with Forex.CH
IKON GM – Royal Division
Company: IKON GM – Royal Division
On-line since: 2006
Regulation: Regulated by the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) as a registered Futures Commission Merchant (FCM) (NFA ID #0327622).
Payment options: Wire transfer and credit cards
Minimum account size: $1,000
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: Variable
Rating: 8.9/10 with 24 votes
Rate
Reviews: Read or write a review of IKON GM – Royal Division broker
Categories: Metatrader Forex brokers , Muslim Forex brokers
Advantages:
Metatrader 4 Forex broker
Muslim friendly Forex broker
Disadvantages:
Opening an account is a complicated process
Click here to open an account with IKON GM – Royal Division
MGFOREX
Company: MG Financial Group
On-line since: 2000
Regulation: Registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA ID #0308808).
Payment options: Credit cards, PayPal, wire transfer and checks
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:400
Spreads: 3 pips on EUR/USD
Rating: 7.4/10 with 8 votes
Rate
Reviews: Read or write a review of MGFOREX broker
Categories: PayPal Forex brokers , Muslim Forex brokers
Advantages:
Muslim friendly Forex broker (fees instead of overnight interest)
Regular Forex trading contests
Disadvantages:
No Metatrader 4 software support
Limited trading freedom
Click here to open an account with MGFOREX
Pip Forex
Company: Simray Holdings LLC
On-line since: 2006
Regulation: Regulated by Norwegian law.
Payment options: Bank wire and credit cards
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: 1:200
Spreads: 3 pips on EUR/USD
Rating: 10/10 with 1 vote
Rate
Reviews: Read or write a review of Pip Forex broker
Categories: Muslim Forex brokers
Advantages:
Extremely easy and fast platform
Careful support and aimed on new Forex traders
Daily commissions instead of overnight interest
Disadvantages:
No Metatrader software support
Very limited trading platform
Click here to open an account with Pip Forex
MFN
Advantages:
e-gold deposit option
Muslim Forex trading accounts available
Disadvantages:
No Metatrader software support
U.S. citizens are not allowed to trade with MFN
Click here to open an account with MFN
GCI Financial
Advantages:
Indexes and CFD trading available
Muslim-friendly Forex broker
Disadvantages:
No MetaTrader 4 software support
Click here to open an account with GCI Financial
Xforex
Company: XFOREX Inc.
On-line since: 2003
Regulation: Unregulated
Payment options: Wire transfer and credit cards
Minimum account size: $50
Minimum lot size: 0.05 lot
Leverage: up to 1:400
Spreads: 3 pips on EUR/USD
Rating: 4.1/10 with 9 votes
Rate
Reviews: Read or write a review of Xforex broker
Categories: Forex brokers with web platform , Muslim Forex brokers
Advantages:
Web based Forex trading platform
Muslim friendly Forex broker
Disadvantages:
No MetaTrader 4 support
No demo Forex accounts
Click here to open an account with Xforex
One Financial
Advantages:
Disadvantages:
Opening an account is a complicated process
No MetaTrader support
Click here to open an account with One Financial
NordMarkets
Company: Nord Group Financial AB
On-line since: 2008
Regulation: Registered with the Swedish FSA (Finansinspektionen)
Payment options: Bank wire and credit cards
Minimum account size: $1,000
Minimum lot size: 0.1 lot
Leverage: 1:50 and 1:100
Spreads: 1-3 pips on EUR/USD
Rating: 5.0/10 with 1 vote
Rate
Reviews: Read or write a review of NordMarkets broker
Categories: Muslim Forex brokers
Advantages:
Muslim accounts are available
Very low spreads for big accounts
Disadvantages:
No MetaTrader 4 support
Opening an account is a complicated process
Click here to open an account with NordMarkets
