Best Islamic Forex Broker Accounts
The best Islamic forex broker accounts reviewed on this page are all swap-free accounts, for use by Muslims who want to trade forex. Most of the largest and most respected forex brokers offer Islamic trading accounts, including Pepperstone, Axi and FXTM.

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Ask an Expert
What is the administration cost charged by Pepperstone if I want to use their Islamic account?
The administration cost charged by Pepperstone’s Islamic account varies from instrument to instrument and is levied every time you hold a trade for 10 days. Costs vary depending on the currency you trade but major forex pairs are USD50 per lot which means an average USD5 per overnight.
Are there any Islamic accounts with zero extra costs like administration fees?
Yes – some brokers do offer ‘true’ swap-free accounts where the overnight fee is not replaced with an administration fee or wider spread. We believe Plus500, eToro, easyMarkets meet these criteria but do check as this can change. Other brokers have a time limit on the free swap. Pepperstone and IC Markets for example allow you to have your position open for 9 overnight sessions before an administration fee is applied