While trading in Islam is often considered to be haram, it can still be possible to trade and the key is to find an Islamic Forex account, which offers swap-free trading for traders of Muslim faith.
10 Best Islamic Trading Platforms and Brokers (2025)
✔️ FXPrimus
✔️ EasyMarkets
✔️ Roboforex
Keeping in mind that this article is not a religious authority on Islamic trading – be sure that all trading activities are halal, by consulting a religious authority.
Best Islamic Forex Trading Platforms - Top 10 Forex Brokers At a Glance
| 🔎Forex Broker | ☪️️Islamic Trading Account | 💹 Demo Account | 🚀 Open An Account |
| FXPrimus | ✔️Yes | ✔️Yes | 👉 Click Here |
| EasyMarkets | ✔️Yes | ✔️Yes | 👉 Click Here |
| Roboforex | ✔️Yes | ✔️Yes | 👉 Click Here |
| FP Markets | ✔️Yes | ✔️Yes | 👉 Click Here |
| XM | ✔️Yes | ✔️Yes | 👉 Click Here |
| Think Markets | ✔️Yes | ✔️Yes | 👉 Click Here |
| HYCM | ✔️Yes | ✔️Yes | 👉 Click Here |
| AvaTrade | ✔️Yes | ✔️Yes | 👉 Click Here |
| Forex.com | ✔️Yes | ✔️Yes | 👉 Click Here |
| OctaFX | ✔️Yes | ✔️Yes | 👉 Click Here |
What is an Islamic Forex account – a Full Overview.
An Islamic Forex account is a halal trading account that offers a Muslim Trader who respects the Quran the opportunity to invest in the Islamic stock market whilst following the principles of Islamic finance.
Islamic accounts are known as Islamic Trading Accounts or swap-free accounts and differ in several ways from regular Forex accounts. The Islamic Faith and Sharia law prohibit the accumulation of interest and Islamic traders with Islamic trading accounts do not pay or receive interest rates, accounts based on Islamic finance must be carried out without any delay, currencies must be transferred from one account to another immediately, and transaction costs must be paid at the same time.
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
The principles of Halal Forex Trading
Islamic finance has 4 basic principles
1. Prohibition of payment and receipt of any interest rate (Riba)
2. Immediate exchanges in the context of trading operations.
3. Prohibition of gambling.
4. Distribution of risks and benefits.
These four principles do not always fit into the Western banking and trading tradition, and specific trading accounts have been created, commonly referred to as “Islamic accounts.”
How to open an Islamic Forex account Step by Step Guide.
1. Select a Forex Broker who makes an Islamic or Swap Free trading account available.
2. Select the correct account option to register and provide the selected Forex Broker with the relevant documentation in order to open a halal trading account.
3. When confirmation is received within 1-2 business days, the first deposit can be made, through the payment method preferred, and the Forex trader can start trading on the Halal Exchange.
Commissions on Islamic Trading Accounts.
What makes Islamic trading unique and different from Regular Forex Trading accounts is that it does not generate any swap interest or Swap Charge. The swap is an interest paid or received by the trader when he leaves an open position overnight, which makes currency trading haram. Muslim customers who use an Islamic trading account pay the margin, commissions, and administrative fees, which are not the interests of Riba Haram.
#1 Broker in South Africa
High Bonuses, Now with Extra-Low Spreads
Trading Conditions
Trading Conditions
- MT4
- MT5
#1 Broker
Is Forex trading halal or haram – explained.
By definition, Forex trading can be considered halal. Forex trading has become increasingly accessible and the potential for quick profits is attracting more and more traders every day.
Islamic Finance: Forex Riba
In standard practice, an investor holds open positions after the close of the trading session, the broker charges a swap commission, which corresponds to an interest rate.
What can be traded with an Islamic account?
All the financial markets mentioned are halal and can be accessed according to the Islamic Faith, except two: bonds and futures.
Bonds are treasury bills and at the time of being issued, a fixed interest rate is fixed during the life of the bond, and while the value of the bond may differ and fluctuate according to the supply and demand of the market, the return on investment calculated as a percentage of the original value of the bond is fixed and does not vary. Futures contracts are also considered haram due to the delayed nature of the exchange of goods, after the “signing” of the purchase or sale agreement. It is not immediate.
Islamic accounts in MetaTrader
The MetaTrader trading platform can be considered halal, as this platform is just a tool, a basic interface that allows traders to open their orders in the market.
So in laymen’s terms – Regardless of the nature of the trading account, be it a standard account, a pro account, or a Swap-Free Account, all orders will be executed in the same way and only a traders broker can define the trading conditions in which traders are going to invest, the platform does not alter or modify them in any way.
Note – the trading account chosen will have an impact on trading conditions and can become a halal or haram trader.
FXPrimus
FXPrimus is an online broker which was founded in 2009 and offers Forex and Social Trading, competitive spreads, a selection of online trading platforms and Swap-Free trading accounts for Muslim clients.
FXPrimus is a global broker with a head office based in Cyprus. FXPrimus offer traders two ways to trade: Forex, Social Trading, and traders will need a minimum deposit of $100. A demo account is available and FXPrimus is able to accommodate various levels of traders whether traders are beginner traders or professional traders.
Min Deposit
USD 15
Regulators
CySEC, VFSC, FSCA
Trading Platform
MT4, MT5, cTrader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FXPrimus is a regulated platform which means FXPrimus is supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) regulatory bodies.
FXPrimus Benefit & Account Overview
✔️ FXPrimus Benefits 💼 FXPrimus Accounts 🚀 Open An Account
Allows Scalping Demo Account 👉 Click Here
Allows Hedging ECN Premium Account 👉 Click Here
Offers STP Variable account 👉 Click Here
Low Min Deposit Islamic Account 👉 Click Here
FXPrimus support a wide range of languages including English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian.
EasyMarkets
EasyMarkets is an online broker founded in 2001 and offers Forex and CFDs trading. EasyMarkets is a global broker and has a head office based in Cyprus, Australia. EasyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Min Deposit
USD 25
Regulators
CySEC, ASIC, BVI, FSA, FSCA
Trading Platform
MT4, Proprietary Platform, MT5 and TradingView
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
EasyMarkets Benefit & Account Overview
| ✔️EasyMarkets Benefits | 💼EasyMarkets Account | 🚀 Open An Account |
| Allows Scalping | Demo Account | 👉 Click Here |
| Allows Hedging | Standard Account | 👉 Click Here |
| Low Min Deposit | MT4 Account | 👉 Click Here |
| Guaranteed Stop Loss | VIP Account | 👉 Click Here |
| Offers Negative Balance Protection | Islamic Account | 👉 Click Here |
EasyMarkets offer traders a wide selection of Trading Account Types, including Islamic Swap-Free Accounts. EasyMarkets support a wide range of languages including English, German, Arabic, Chinese, Spanish, and Polish.
Roboforex
Roboforex is an online broker founded in 2009 which offers Forex and CFDs trading. Roboforex is a global broker and has a head office in Cyprus. Roboforex is regulated by: Cyprus Securities and Exchange Commission (CySEC). RoboForex offers a selection of Popular trading platforms, standard trading accounts plus an Islamic account option.
Min Deposit
USD 10
Regulators
IFSC
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
36
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Roboforex Benefit & Account Overview
| ✔️ RoboForex Benefits | 💼 RoboForex Accounts | 🚀 Open An Account |
| Allows Scalping | Prime Account | 👉 Click Here |
| Allows Hedging | ECN Account | 👉 Click Here |
| Offers STP | R Trader Account | 👉 Click Here |
| Low Min Deposit | Pro-Cent Account | 👉 Click Here |
| Pro-Standard Account | 👉 Click Here | |
| Islamic Account | 👉 Click Here |
Roboforex supports a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, Ukrainian, and have a double AA grade support rating because Roboforex offers live chat and email support in multiple languages.
FP Markets
FP Markets is an online broker which was founded in 2005 and offers Forex trading. FP Markets is a global broker and has a head office situated in Australia. FP Markets is Regulated by the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC).
FP Markets is a sponsor of events and sports which helps FP Markets give back to the community and build brand awareness.
Traders can trade in a wide variety of over 100 instruments and trading currency pairs on offer are over 60 currency pairs.
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Platform
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FP Markets Benefit & Account Overview
| ✔️ FP Markets Benefits | 💼 FP Markets Accounts | 🚀 Open An Account |
| Allows Scalping | Standard Account | 👉 Click Here |
| Allows Hedging | Raw Account | 👉 Click Here |
| Offers STP | Islamic Account | 👉 Click Here |
| Low Min Deposit | ||
| Offers Negative Balance Protection |
FP Markets offers the popular MT4 platform alongside mobile apps for Android and iOS, making it easy to keep an eye on and execute trades on the move.
XM
XM is an online broker which was founded in 2009, offering Forex and CFDs trading. XM is a global broker. XM is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). XM is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5 and also offers mobile apps for Android and iOS.
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
XM Benefit & Account Overview
| ✔️XM Benefits | 💼XM Accounts | 🚀 Open An Account |
| Allows Scalping | Micro Account | 👉 Click Here |
| Allows Hedging | Standard Account | 👉 Click Here |
| Low Min Deposit | Ultra Low Account | 👉 Click Here |
| Offers Negative Balance Protection | Islamic Account | 👉 Click Here |
To trade effectively with XM, it is very important for traders to have a good, clear understanding of the XM trading tools and the Forex markets. XM supports a wide range of languages including Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish.
ThinkMarkets
ThinkMarkets is an online broker which was founded in 2010 and offers both Forex and CFDs trading. ThinkMarkets is a global broker with a head office based in Australia.
ThinkMarkets is Regulated by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). ThinkMarkets has won multiple industry awards over a 10-year span.
Min Deposit
USD 0
Regulators
FCA, FSCA, ASIC, CySEC, JFSA
Trading Platform
MT4, MT5, ThinkTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Derivative products are leveraged products and can result in losses that exceed initial deposits.
ThinkMarkets Benefit & Account Overview
| ✔️ThinkMarkets Benefits | 💼ThinkMarkets Accounts | 🚀 Open An Account |
| Allows Scalping | Demo Account | 👉 Click Here |
| Allows Hedging | Standard Account | 👉 Click Here |
| Offers STP | ThinkZero Account | 👉 Click Here |
| Low Min Deposit |
ThinkMarkets support a wide range of languages including English, Chinese, and Japanese, and is governed and supervised by reputable financial regulatory bodies.
HYCM
HYCM is an online broker founded in 1977 and offers both Forex and CFDs trading. HYCM is a global broker with a head office based in the UK. HYCM is regulated by the Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.
HYCM has won numerous industry awards over the past 43 years and is governed and supervised by reputable financial regulatory bodies.
Min Deposit
USD 20
Regulators
FCA
Trading Platform
MT4, MT5, WebTrader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
HYCM Benefit & Account Overview
| ✔️ HYCM Benefits | 💼 HYCM Accounts | 🚀 Open An Account |
| Allows Scalping | Demo Account | 👉 Click Here👉 Click Here |
| Allows Hedging | Fixed Account | 👉 Click Here |
| Low Min Deposit | Classic Account | 👉 Click Here |
| VIP | 👉 Click Here | |
| Raw Account | 👉 Click Here | |
| Islamic Account | 👉 Click Here |
With HYCM, the minimum and maximum trade requirements may vary depending on the trader and the instruments. HYCM supports a wide range of languages including English, Chinese, Chinese (Traditional), Arabic, and Russian.
Read 21 Best cTrader Forex Brokers – ( Reviewed ) 2025
AvaTrade
AvaTrade is an online broker founded in 2006 which offers Forex trading, CFDs trading, Spread Betting trading, and Social Trading. AvaTrade is a global broker and has a head office based in The British Virgin Islands.
Avatrade is regulated by the Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI).
Over 250 instruments and 80 currency pairs can be traded with AvaTrade and AvaTrade offer the popular MT4 forex trading platform plus mobile apps for Android and iOS.
AvaTrade Benefit & Account Overview
| ✔️ AvaTrade Benefits | 💼 AvaTrade Accounts | 🚀 Open An Account |
| Allows Scalping | Demo Account | 👉 Click Here |
| Allows Hedging | Retail Account | 👉 Click Here |
| Low Min Deposit | Professional Account | 👉 Click Here |
| Islamic Account | 👉 Click Here |
With AvaTrade, traders will need a minimum deposit of $250 and they can sign up for a demo account to start.
Forex.com
Forex.com is an online broker founded in 1999 and Indices trading, Commodities trading, Equities trading, Cryptocurrencies trading, and the option of trading forex. Forex.com is a global broker and has a head office in the United States.
Forex.com is Regulated by the Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA). Forex.com is the only broker that offers FMA in the US. DMA (Direct Market Access) is also available in the rest of the world and Forex.com UK services.
Min Deposit
USD 100
Regulators
CIMA
Trading Platform
MT4, MT5, Proprietary Platform
Crypto
No
Total Pairs
91
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Forex.com Benefit & Account Overview
| ✔️ Forex.com Benefits | 💼 Forex.com Accounts | 🚀 Open An Account |
| Allows Scalping | Standard Account | 👉 Click Here |
| Allow Hedging | Commission Account | 👉 Click Here |
| Offers STP | Direct Market Access Account | 👉 Click Here |
| Guaranteed Stop Loss | Islamic Account | 👉 Click Here |
| Offers Negative Balance Protection |
Forex.com offers a good selection of educational resources and supports a wide range of languages including English, Chinese, Arabic.
OctaFX
OctaFX is an online broker which was founded in 2011 and offers Forex trading. OctaFX is Regulated by the Financial Conduct Authority (FCA). OctaFX has won numerous industry awards over the course of 9 years and is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.
Min Deposit
USD 25
Regulators
CySEC, MISA, FSCA and FSC
Trading Platform
MT4, MT5, OctaTrader
Crypto
Yes
Total Pairs
52
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
OctaFX Benefit & Account Overview
| ✔️ Octa Benefits | 💼 Octa Accounts | 🚀 Open An Account |
| Allows Scalping | Demo Account | 👉 Click Here |
| Allows Hedging | OctaFX MT5 | 👉 Click Here |
| Offers STP | OctaFX MT4 | 👉 Click Here |
| Low Min Deposit | Islamic Account | 👉 Click Here |
| Guaranteed Stop Loss | ||
| Offers Negative Balance Protectioon |
As OctaFX is regulated by Financial Conduct Authority (FCA), each new client must pass a few basic compliance checks when signing up for an account.
NordFX
NordFX is an online broker which was founded in 2008 and offers Forex trading. When starting with NordFX traders will need a minimum deposit of $1 and they can sign up for a demo account for free. NordFX is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. NordFX is Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
Min Deposit
USD 10
Regulators
Saint Lucia
Trading Platform
MT4, MT5, MetaTrader Multiterminal
Crypto
Yes
Total Pairs
30+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
NordFX Benefit & Account Overview
| ✔️ NordFX Benefits | 💼 NordFX Accounts | 🚀 Open An Account |
| Allows Scalping | Fix Account | 👉 Click Here |
| Allows Hedging | Pro Account | 👉 Click Here |
| Offers STP | Zero Account | 👉 Click Here |
| Low Min Deposit | Savings Account | 👉 Click Here |
| Islamic Account | 👉 Click Here |
To trade effectively with NordFX, it is very important for traders to get have a good understanding of not only the NordFX trading tools but also the markets. NordFX offers a good selection of educational resources. NordFX supports a wide range of languages including Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian.
FXPro
FXPro is an online broker which was founded in 2006 offering Forex trading, Share Dealing trading, Spot Indices trading, Futures trading, and Spot Metals and Spot Energies trading. FXPro is a global broker and has a head office based in the UK. FXPro is Regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA). FXPro provides traders with access to top-tier liquidity and advanced trade execution.
Min Deposit
USD 100
Regulators
FCA, CySEC, FSCA, SCB
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FXPro Benefit & Account Overview
| ✔️FXPro Benefits | 💼FXPro Accounts | 🚀 Open An Account |
| Allows Scalping | MT4 account with fixed spreads and Instant Execution. | 👉 Click Here |
| Allows Hedging | MT4 account with floating spreads and Instant Execution. | 👉 Click Here |
| Low Min Deposit | MT4 account with floating spreads and Market Execution. | 👉 Click Here |
| Offers Negative Balance Protection | cTrader account with floating spreads and Market Execution. | 👉 Click Here |
| MT5 account with floating spreads and Market Execution. | 👉 Click Here |
FXPro offers MT4 Instant, MT4 Market, MT4 Fixed Spreads, MT5, Ctrader, which are available for VIP and Islamic clients.
Axi
Axi is an online broker which was founded in 2007 and offers its clients Forex trading, CFDs trading, and Social Trading. Axi is Regulated by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA). Axi offers the popular MT4 forex trading platform and does charge commission on CFD instruments.
Min Deposit
USD 0
Regulators
ASIC, FCA, DFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
140+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Axi Benefit & Account Overview
| ✔️Axi Benefits | 💼Axi Accounts | 🚀 Open An Account |
| Allows Scalping | Demo Account | 👉 Click Here |
| Allows Hedging | Standard Account | 👉 Click Here |
| Offers STP | Pro Account | 👉 Click Here |
| Low Min Deposit | Elite Account | 👉 Click Here |
| Islamic Account | 👉 Click Here |
Axi supports a wide range of languages including English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic.
PaxForex
PaxForex is an online broker founded in 2010 and offers Forex and CFD trading. PaxForex is Regulated by the Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825. PaxForex offers a user-friendly custom trading platform, available as a browser-based web application coupled with mobile apps for Android and iOS.
Overall Rating
4.3/5
Rated #440 of
Recommended FX Brokers
Minimum Deposit
USD 10
Regulators
FSA
📱 Trading Desk
Meta Trader 4
₿ Crypto
Yes
📈 Total Pairs
60
Islamic Account
Yes
Trading Fees
Low
🕒 Account Activation Time
24 Hours
🏛️ Visit Broker
PaxForex Benefit & Account Overview
| ✔️ PaxForex Benefits | 💼 PaxForex Accounts | 🚀 Open An Account |
| Allows Scalping | Cent (Micro trading) | 👉 Click Here |
| Offers STPP | Mini Account | 👉 Click Here |
| Low Min Deposit | Standard Account | 👉 Click Here |
| Guaranteed Stop Loss | VIP Account | 👉 Click Here |
| Offers Negative Balance Protection | Islamic Account | 👉 Click Here |
PaxForex supports a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hindi, Hebrew, Arabic, Russian.
#1 Broker in South Africa
High Bonuses, Now with Extra-Low Spreads
Trading Conditions
Trading Conditions
- MT4
- MT5
#1 Broker
Markets.com
Markets.com is an online broker which was founded in 2008 and offers Forex trading, and CFDs, and Spread Bets. Spread Bets are only available to UK customers trading. Markets.com is Regulated by the Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). Markets.com is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5 and also offers mobile apps for Android and iOS.
Min Deposit
USD 100
Regulators
CySEC, FSCA, ASIC, FCA, FSC
Trading Platform
MT4, MT5, Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Markets.com Benefit & Account Overview
| ✔️ Markets.com Benefits | 💼 Markets.com Accounts | 🚀 Open An Account |
| Allows Scalping | Demo Account | 👉 Click Here |
| Allows Hedging | Retail Account | 👉 Click Here |
| Low Min Deposit | Professional Account | 👉 Click Here |
| Guaranteed Stop Loss | Islamic Account | 👉 Click Here |
| Offers Negative Balance Protection |
Markets.com supports a wide range of languages including Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Norwegian, Polish, Romanian, Russian, Spanish, and Turkish.
Read 27 Best CySEC Forex Brokers – ( Reviewed ) 2025
Conclusion
The main difference between Islamic and basic accounts is that there are no swap commissions in basic accounts. This can be a very important advantage. The trader will also be able to open positions in currency pairs in which swaps costs are generally very high.
Frequently Asked Questions
What is a Swap Fee?
The swap rate is the rate at which interest in one currency will be exchanged for an interest in another currency—that is, a swap rate is the interest rate differential between the currency pair traded. The rollover rate can also be known as the swap fee.
Can Exotic Pairs be traded with a Swap Free account?
No. Exotic Currencies are not available to trade with a Swap Free account.
What are exotic currency pairs?
Exotic currency pairs are made up of a major currency paired with the currency of an emerging or a strong but smaller economy from a global perspective such as Hong Kong or Singapore and European countries outside of the Euro Zone.
What is Commission-Free online forex trading?
When an online broker offers commission-free trading, it means they don’t charge their own fee for helping execute the trade.
What are some of the major currency pairs traded across the globe?
Major Currency pairs include:
- EUR/USD
- USD/JPY
- GBP/USD
- AUD/USD
- USD/CAD
Will an Islamic Forex Trading Account have administration fees?
Generally – Customers with an Islamic trading account will not be charged daily swaps. The swap fees will be fully transferred within the MT4 platform into daily administration fees on all Forex trading products.
What are negative swaps in Forex trading?
A negative swap is a swap withdrawn from the trader’s account for each transfer of an open position.
What is the difference between Forex Brokers and Islamic Forex Brokers?
Islamic Forex Brokers simply refers to a Forex Broker who makes an Islamic Forex Trading account available to Muslim Investors.
Top 4 Brokers
