Top Islamic Forex Broker Accounts

Islamic account have swap-free so are suitable for Muslim traders who observe sharia law


Pepperstone
FP Markets
IC Markets
Plus500
ThinkMarkets
Our Rating
9.33
8
8.50
5.83
7.67
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
The vast majority of retail investor accounts lose money when trading CFDs.
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
77% of retail CFD accounts lose money
75.5% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
Pepperstone
FP Markets
IC Markets
Plus500
ThinkMarkets
ASIC (Australia)
FCA (UK)
MAS (Singapore)
CYSEC (Cypus)
DFSA (Dubai)

Brokerage

Feature
Pepperstone
FP Markets
IC Markets
Plus500
ThinkMarkets
EUR/USD Avg. Raw Spread
0.17
0.20
0.02
-
0.1
GBP/USD Avg. Raw Spread
0.59
0.40
0.23
-
-
AUD/USD Avg. Raw Spread
0.24
0.30
0.17
-
-
EUR/USD Standard Spread
0.75
1.30
0.62
-
-
EUR/USD Fixed Spreads
-
-
-
Commissions (USD Base)
$3.50
$3.00
$3.50
-
$3.50
Minimum Deposit
$0
$100
$0
$100
$0
Swap Free Account
No Inactivity Fees
Funding Methods
16+
10+
15+
3+
6+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
FP Markets
IC Markets
Plus500
ThinkMarkets
Currency Pairs
62+
63+
61+
71+
46+
Cryptocurrency CFDs*
12+
4+
18+
15+
21+
Index CFDs
14+
14+
16+
67+
21+
Share CFDs
300+
12,986+
100+
1816+
1200+
Commodities CFD
9+
7+
26+
22+
15+
Stockbroking
-
-
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
500:1
300:1
500:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
-
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
500:1
500:1
-
300:1
500:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
500:1
500:1
300:1
500:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
-
-
-
-
Pro. Max. Leverage (UAE)
500:1
-
-
-
-
Retail Max. Leverage (Singapore)
-
-
-
Major Pairs 20:1
-
Retail Max. Leverage (With offshore regulators)
200:1
500:1
500:1
300:1
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Pepperstone
FP Markets
IC Markets
Plus500
ThinkMarkets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
Fastest Limit Order Execution Speed
ECN pricing
Trade cannabis index
STP Order Execution

Overall

Pepperstone
FP Markets
IC Markets
Plus500
ThinkMarkets