How We Rank Brokers
Authentic Islamic accounts replace riba-based swap charges with transparent administrative fees. Some brokers simply re-brand standard accounts — check the fee structure carefully.
Sharia Compliance Quality (30%)
No swap charges, transparent replacement fee structure
Regulation & Safety (25%)
Regulatory licensing, including Middle East jurisdictions where applicable
Spreads & Commissions (20%)
Pricing parity between Islamic and standard accounts
Instrument Coverage (15%)
Range of Sharia-permitted instruments available
Arabic Support Quality (10%)
Arabic-speaking support team, local cultural knowledge
Top 10 Brokers with Islamic/Swap-Free Accounts
Ranked by Sharia compliance quality, spread parity with standard accounts, regulation including Middle East jurisdictions, and Arabic-language support.
IC Markets
IC Markets is a ASIC and CySEC-regulated broker founded in 2007. With a $200.0 minimum deposit and no-swap overnight position handling, it suits traders who prioritise Muslim traders who need Sharia-compliant conditions.
Exness
Headquartered in Limassol, Cyprus, Exness offers dedicated Islamic swap-free accounts compliant with Sharia law. Expect typical raw spread of 0.7 pips plus $7.0 round-turn commission — competitive for this category.
Pepperstone
Pepperstone offers dedicated Islamic swap-free accounts compliant with Sharia law. The broker is notable for founded in 2010, regulated by ASIC and FCA — factors that matter to traders looking at Muslim traders who need Sharia-compliant conditions.
FP Markets
Operating since 2005 (21 years) and regulated by ASIC and CySEC, FP Markets provides Sharia-compliant swap-free accounts. The broker offers typical raw spread of 0.1 pips plus $6.0 round-turn commission, placing it among the more competitively-priced options on this list.
AvaTrade
AvaTrade is a ASIC and FSCA-regulated broker operating since 2006 (20 years). With a $100.0 minimum deposit and no-swap overnight position handling, it suits traders who prioritise Muslim traders who need Sharia-compliant conditions.
HYCM
Headquartered in London, United Kingdom, HYCM offers dedicated Islamic swap-free accounts compliant with Sharia law. Expect typical raw spread of 0.1 pips plus $8.0 round-turn commission — competitive for this category.
Alpari
Alpari offers dedicated Islamic swap-free accounts compliant with Sharia law. The broker is notable for operating since 1998 (28 years), a $1.0 minimum deposit — factors that matter to traders looking at Muslim traders who need Sharia-compliant conditions.
MultiBank
Operating since 2005 (21 years) and regulated by ASIC and BaFin, MultiBank provides Sharia-compliant swap-free accounts. The broker offers typical raw spread of 0.0 pips plus $6.0 round-turn commission, placing it among the more competitively-priced options on this list.
Hantec Markets
Hantec Markets is a FCA and ASIC-regulated broker operating since 1990 (36 years). With a $100 minimum deposit and no-swap overnight position handling, it suits traders who prioritise Muslim traders who need Sharia-compliant conditions.
HFM
Headquartered in Limassol, Cyprus / Saint Vincent and the Grenadines, HFM offers dedicated Islamic swap-free accounts compliant with Sharia law. Expect typical raw spread of 0.1 pips plus $6.0 round-turn commission — competitive for this category.
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