Best Islamic Forex Accounts in Malaysia (2026)

Fintrix Markets: Category-weighted score 63.8. Published rating 73, which includes an editorial adjustment of +9.2. Adjustments are disclosed on every page they apply to; see our methodology.

Best Islamic forex accounts in Malaysia, ranked

Derived from our signed Malaysian list order: our two editors’ picks first where they qualify (Fintrix Markets, then TabTrade), then by our overall rating, highest first.

1. Fintrix Markets - swap-free terms across three account types, plus MT4 and MT5
2. TabTrade - a dedicated Swap-Free account with a stated seven-day fee cycle
3. IC Markets - swap-free on Raw Spread and Standard, across three platforms
4. MultiBank Group - a separate Islamic Account alongside Standard, Pro, and ECN
5. XTB - swap-free trading on xStation 5 with no MetaTrader platforms

Islamic forex account reviews for Malaysian traders

Zero, Standard and Cent accounts

1. Fintrix Markets

73/100

Global score

#1 of 5 on this page

Visit Fintrix Markets

Category-weighted score 63.8. Published rating 73, which includes an editorial adjustment of +9.2. Adjustments are disclosed on every page they apply to; see our methodology.

Islamic (Swap Free) accounts sit among Fintrix Markets' Zero, Standard and Cent account types, offered to eligible traders in selected regions, with no fee amount stated and no word on whether Malaysia is among the regions, so confirm that at sign-up. Its page says alternative charges or conditions may apply, so I would read the fee schedule. The demo expires after 45 days, with non-expiry on request. Fintrix Markets takes Malaysian residents through Fintrix Markets Ltd in Mauritius.

Company

Fintrix Markets Ltd, Mauritius

Regulator

the Financial Services Commission, Mauritius, licence GB22200883 broker’s statement

Swap-free account

Islamic (Swap Free) accounts, eligible traders in selected regions; Zero, Standard and Cent

Sources for Fintrix Markets

• fintrixmarkets.com (takes Malaysians), read 29 September 2026
• fintrixmarkets.com (swap-free), read 28 September 2026

Lowest average EUR/USD spread

2. TabTrade

81.5/100

Global score

#2 of 5 on this page

Visit TabTrade

A dedicated Swap-Free account sits among TabTrade's Standard, Edge, VIP and Cent accounts, for supported regions, with a service fee charged per average lot once after each seven calendar days, per its published fee schedule. I would compare that fee against your holding period. The Edge account averages 0.03 pips on the EUR/USD, the lowest published average among these five, and the Standard and Edge accounts open at $0. TabTrade takes Malaysian residents through TabTrade (Mauritius) Ltd in Mauritius.

Company

TabTrade (Mauritius) Ltd, Mauritius

Regulator

the Financial Services Commission, Mauritius, licence GB26206419 register

Swap-free account

Swap-Free Account, supported regions, service fee every seven calendar days

Sources for TabTrade

• tabtrade.com (takes Malaysians), read 29 September 2026
• tabtrade.com (swap-free), read 29 September 2026

Raw Spread and Swap Free

3. IC Markets

89/100

Global score

#3 of 5 on this page

Visit IC Markets

The Swap Free account at IC Markets covers its Raw Spread and Standard types, and an overnight holding fee applies. IC Markets publishes a per-lot schedule of holding fees for swap-free positions held overnight, with grace days, and states no region limit. It names MT4, MT5 and cTrader for its swap-free option. The Raw Spread account averages 0.1 pips on the EUR/USD and opens at $0. IC Markets takes Malaysian residents through Raw Trading Ltd in Seychelles.

Company

Raw Trading Ltd, Seychelles

Regulator

the Financial Services Authority of Seychelles, licence SD018 register

Swap-free account

Swap Free account, on Raw Spread and Standard, MT4, MT5 and cTrader; overnight holding fee applies

Sources for IC Markets

• ic.com (takes Malaysians), read 30 September 2026
• ic.com (swap-free), read 29 September 2026

Standard, Pro and ECN accounts

4. MultiBank Group

80.3/100

Global score

#4 of 5 on this page

Visit MultiBank Group

MultiBank Group's Islamic Account, also called a Swap-Free Account, is a separate type alongside Standard, Pro and ECN, with no fee amount, time limit or region limit stated. The ECN account averages 0.1 pips on the EUR/USD but needs $10,000, while the Standard account starts at $50, which suits a smaller balance. MultiBank Group takes Malaysian residents through MEX Atlantic Corporation in the Cayman Islands.

Company

MEX Atlantic Corporation, Cayman Islands

Regulator

the Cayman Islands Monetary Authority, licence 1811316 broker’s statement

Swap-free account

Akaun Islamik (Islamic Account, also called Swap-Free Account)

Sources for MultiBank Group

• multibankfx.com (takes Malaysians), read 30 September 2026
• multibankfx.com (swap-free), read 29 September 2026

xStation 5 platform

5. XTB

57.3/100

Global score

#5 of 5 on this page

Official site

Swap Free at XTB is available for specific periods and not for all products, with no fee amount stated. It runs on xStation 5; XTB removed MetaTrader 4 on 19 April 2024 and offers no MT4 or MT5 now. The Swap Free account opens at US$1, and the EUR/USD is a 1.1 pip live quote on the CFD account. XTB takes Malaysian residents through XTB International Limited in Belize.

Company

XTB International Limited, Belize

Regulator

the Financial Services Commission of Belize, licence 6442514 register

Swap-free account

Swap Free Account, available for specific periods and not all products

Sources for XTB

• xtb.com (takes Malaysians), read 29 September 2026
• xtb.com (swap-free), read 29 September 2026

Bank Negara Malaysia (BNM) wrote on 12 July 2024 that “Forex trading, except those that are carried out with banks licensed by BNM, is illegal!” (BNM’s post). All the brokers on this page take Malaysian residents through companies licensed outside Malaysia, not by Malaysian regulators.

What is an Islamic forex account?

An Islamic or swap-free account, as our Islamic account guide explains, is a trading account at a forex and CFD broker that charges no overnight swap interest on positions held past the daily rollover, though a broker may charge an administration or holding fee instead. It is not an Islamic bank’s foreign-currency deposit account, the Account-i products, and it is not an Islamic share-dealing account. What replaces that interest, if anything, depends on the broker’s own terms.

How do swap-free terms compare between brokers?

Two of the five publish a fee in place of swap. TabTrade charges a service fee per average lot once after each seven calendar days, per its fee schedule, and IC Markets publishes a per-lot schedule of overnight holding fees, with grace days. Fintrix Markets, MultiBank Group and XTB state no fee amount, which does not show they charge none, and Fintrix Markets’ page says alternative charges or conditions may apply. Fintrix Markets and TabTrade gate the option by region. XTB states its swap-free accounts run for specific periods and not all products are swap free. Fintrix Markets names Zero, Standard and Cent; IC Markets names Raw Spread and Standard, on MT4, MT5 and cTrader. The chart below marks the platforms (MT4, MT5, cTrader, TradingView) each broker names on its own site.

What did the National Fatwa Committee rule on forex?

The 98th Muzakarah of the National Fatwa Committee, sitting 13 to 15 February 2012, ruled that individual spot forex trading on electronic platforms is haram (JAKIM’s i-FIQH record), and a swap-free account does not by itself change that ruling. This page compares swap-free terms between brokers and does not issue a religious ruling.

What does a swap-free account cost?

TabTrade states a service fee charged per average lot once after each seven calendar days, and IC Markets publishes a per-lot schedule of overnight holding fees, with grace days. The spread and any commission still apply, so a fee in place of swap adds to your costs. Fintrix Markets, MultiBank Group and XTB state no fee amount, which does not show they charge none. For spreads, see our Lowest Spread Forex Brokers in Malaysia (2026).

How to open a swap-free account in Malaysia

I would start with the table and pick a broker. Read the company named on the sign-up page, because that entity would hold your account. Check that the swap-free option covers Malaysian residents, since Fintrix Markets says eligible traders in selected regions and TabTrade says supported regions, and neither names the regions. Select the swap-free or Islamic account type at sign-up, or request it from the client area, as the broker’s own instructions say. Read the fee schedule and any time limit, because XTB states its swap-free account is available for specific periods. Practise on a demo first, and see our Best Forex Demo Accounts in Malaysia (2026).

How we check that a swap-free broker takes Malaysians

Each broker here except the two editors’ picks sits on our Malaysian list because a span on its own site names Malaysia as served, which our Malaysian list check read from a Malaysian connection on 29 and 30 September 2026. We also read each broker’s swap-free terms from its own site. Fintrix Markets and TabTrade are our editors’ picks, placed on the list by our editors. The full list is on our Best Forex Brokers in Malaysia (2026).