Muslim Forex Brokers

Muslim Forex Brokers
A list of Forex brokers which are friendly to Muslim Forex traders, allowing them to open the accounts without overnight interest (no Riba accounts). Such brokers can be very useful for traders from Iran, Saudi Arabia and other countries of Middle East.
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FXOpen:
Company:
Belvedere Inc.
On-line since:
2005
Regulation:
Incorporated in Seychelles, according to the terms of the International Business Companies Act (1994). Registration number: 032997.
Payment options:
e-gold, WebMoney, CashU, E-Bullion and wire transfer
Minimum account size:
$1
Minimum lot size:
0.001 lot
Leverage:
from 1:1 to 1:500
Spreads:
2 pips on EUR/USD
Rating:
8.7/10 with 132 votes
Rate FXOpen Broker:
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Reviews:
Read or write a review of FXOpen broker
Categories:
e-gold Forex brokers, Metatrader Forex brokers, Muslim Forex brokers, WebMoney Forex brokers
Advantages:
MetaTrader 4 Forex broker
Traders contests and competitions
Bonus for real trader account opening
Muslim Forex broker - no-overnight interest accounts
e-gold funds deposit/withdraw option
Futures trading is available
Start trading with as little as $1
Disadvantages:
No important disadvantages
Click here to open an account with FXOpen
FXcast:
Company:
FXcast
On-line since:
2005
Regulation:
Unregulated
Payment options:
e-gold, WebMoney, E-bullion, E-Dinar, c-gold, Liberty Reserve, wire transfer and credit cards
Minimum account size:
$1
Minimum lot size:
0.01 lot
Leverage:
from 1:25 to 1:400
Spreads:
1 (one!) pip on EUR/USD on Swing platform, 3 pips on EUR/USD on MT4 platform.
Rating:
7.5/10 with 28 votes
Rate FXcast Broker:
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Reviews:
Read or write a review of FXcast broker
Categories:
e-gold Forex brokers, Metatrader Forex brokers, Muslim Forex brokers, WebMoney Forex brokers
Advantages:
Metatrader 4 Forex broker
1 pip spread for EUR/USD for FXcast Swing platform.
Start trading with as little as 1$
e-gold, E-bullion, WebMoney, E-Dinar, c-gold, Liberty Reserve and wire transfer deposit/withdraw options
Leverage from 1:25 to 1:400
Muslim friendly Forex broker
Allows exchanges from e-gold to WebMoney and Liberty Reserve
Disadvantages:
No important disadvantages
Click here to open an account with FXcast
Marketiva:
Company:
Marketiva Corporation
On-line since:
2005
Regulation:
Incorporated as an international business corporation in British Virgin Islands with registration number IBC CAP. 291 Reg. # 646819. Marketiva Corporation is under jurisdiction of the Financial Services Commission (FSC) and conforms with its regulations and internationally accepted supervisory and regulatory standards.
Payment options:
WebMoney, e-Bullion, E-Dinar, Liberty Reserve and wire transfer
Minimum account size:
$1
Minimum lot size:
0.001 lot
Leverage:
1:100
Spreads:
2 pips on EUR/USD
Rating:
5.7/10 with 13 votes
Rate Marketiva Broker:
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Reviews:
Read or write a review of Marketiva broker
Categories:
Muslim Forex brokers, WebMoney Forex brokers
Advantages:
Client program with a user-friendly interface
Great support chat
Fast order execution
No limit on trade size
No overnight interest
Liberty Reserve, E-bullion, E-Dinar and WebMoney billing options
Investment funds shares available
World indexes and precious metals trading
Disadvantages:
No MetaTrader 4 software support
U.S. citizens can't open accounts
$7 withdrawal fee (only first withdrawal)
Muslim Forex broker - no overnight interest
No contact phone/fax numbers
Click here to open an account with Marketiva
InstaForex:
Company:
InstaForex
On-line since:
2008
Regulation:
Unregulated
Payment options:
PayPal, wire transfer, credit cards, e-gold, WebMoney, e-Bullion and RuPay
Minimum account size:
$10
Minimum lot size:
0.01
Leverage:
from 1:1 to 1:500
Spreads:
3 pips on EUR/USD
Rating:
3.0/10 with 20 votes
Rate InstaForex Broker:
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Reviews:
Read or write a review of InstaForex broker
Categories:
PayPal Forex brokers, e-gold Forex brokers, Metatrader Forex brokers, Forex brokers with CFD trading, Muslim Forex brokers, WebMoney Forex brokers
Advantages:
MetaTrader 4 trading platform
6% interest rate on deposit
Flexible leverage
Wide range of funding options
Islamic (no interest) accounts available
Disadvantages:
No important disadvantages
Click here to open an account with InstaForex
X-Trade Brokers:
Company:
X-Trade Brokers S.A.
On-line since:
2006
Regulation:
Regulated by the Securities and Exchange Commissions of European Union.
Payment options:
Bank wire
Minimum account size:
$2,000
Minimum lot size:
0.1 lot
Leverage:
1:100
Spreads:
3 pips on EUR/USD
Rating:
6.2/10 with 13 votes
Rate X-Trade Brokers Broker:
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Reviews:
Read or write a review of X-Trade Brokers broker
Categories:
Metatrader Forex brokers, Forex brokers with CFD trading, Muslim Forex brokers
Advantages:
MetaTrader4 software support
Supports trading over the phone
Muslim Forex broker
Disadvantages:
No mini Forex accounts
Opening an account is a complicated process
Click here to open an account with X-Trade Brokers
Tadawul FX:
Company:
Tadawul FX SA.
On-line since:
2006
Regulation:
Registered with ARIF (Association Romande des Intermédiaires Financiers) - a Swiss organization against money laundering, is also audited by Swiss financial auditor VERIFID.
Payment options:
Bank wire
Minimum account size:
$1,000
Minimum lot size:
0.1 lot
Leverage:
from 1:33 to 1:100
Spreads:
3 pips on EUR/USD
Rating:
5.8/10 with 14 votes
Rate Tadawul FX Broker:
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Reviews:
Read or write a review of Tadawul FX broker
Categories:
Metatrader Forex brokers, Muslim Forex brokers
Advantages:
Islamic Forex broker
MetaTrader4 Forex broker
Registered with very serious regulation authorities
Mobile trading supported
Disadvantages:
Opening an account is a complicated process
Click here to open an account with Tadawul FX
Forex.CH:
Company:
GFX Group SA
On-line since:
2005
Regulation:
Registered with the Swiss self-regulated financial organization PolyReg.
Payment options:
Bank wire and checks
Minimum account size:
$2,000
Minimum lot size:
0.1 lot
Leverage:
up to 1:200
Spreads:
2—3 pips on EUR/USD
Rating:
6.5/10 with 2 votes
Rate Forex.CH Broker:
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Reviews:
Read or write a review of Forex.CH broker
Categories:
Forex brokers with advanced platform, Muslim Forex brokers
Advantages:
Advanced trading platform
Stock indices trading available
No overnight interest for Muslim traders
Disadvantages:
High account size minimum for mini Forex
Commissions for no-overnight interest accounts
Opening an account is a complicated process
Click here to open an account with Forex.CH
IKON GM – Royal Division:
Company:
IKON GM – Royal Division
On-line since:
2006
Regulation:
Regulated by the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) as a registered Futures Commission Merchant (FCM) (NFA ID #0327622).
Payment options:
Wire transfer and credit cards
Minimum account size:
$1,000
Minimum lot size:
0.1 lot
Leverage:
1:100
Spreads:
Variable
Rating:
7.3/10 with 14 votes
Rate IKON GM – Royal Division Broker:
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Reviews:
Read or write a review of IKON GM – Royal Division broker
Categories:
Metatrader Forex brokers, Muslim Forex brokers
Advantages:
Metatrader 4 Forex broker
Muslim friendly Forex broker
Disadvantages:
Opening an account is a complicated process
Click here to open an account with IKON GM – Royal Division
MGFOREX:
Company:
MG Financial Group
On-line since:
2000
Regulation:
Registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA ID #0308808).
Payment options:
Credit cards, PayPal, wire transfer and checks
Minimum account size:
$200
Minimum lot size:
0.1 lot
Leverage:
up to 1:400
Spreads:
3 pips on EUR/USD
Rating:
6.3/10 with 6 votes
Rate MGFOREX Broker:
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Reviews:
Read or write a review of MGFOREX broker
Categories:
PayPal Forex brokers, Muslim Forex brokers
Advantages:
Muslim friendly Forex broker (fees instead of overnight interest)
Regular Forex trading contests
Disadvantages:
No Metatrader 4 software support
Limited trading freedom
Click here to open an account with MGFOREX
Pip Forex:
Company:
Simray Holdings LLC
On-line since:
2006
Regulation:
Regulated by Norwegian law.
Payment options:
Bank wire and credit cards
Minimum account size:
$200
Minimum lot size:
0.1 lot
Leverage:
1:200
Spreads:
3 pips on EUR/USD
Rating:
Unrated
Rate Pip Forex Broker:
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Reviews:
Read or write a review of Pip Forex broker
Categories:
Muslim Forex brokers
Advantages:
Extremely easy and fast platform
Careful support and aimed on new Forex traders
Daily commissions instead of overnight interest
Disadvantages:
No Metatrader software support
Very limited trading platform
Click here to open an account with Pip Forex
MFN:
Company:
MFN & CMG
On-line since:
2005
Regulation:
Unregulated
Payment options:
Bank wire, credit cards and e-gold
Minimum account size:
$500
Minimum lot size:
0.1 lot
Leverage:
up to 1:400
Spreads:
3 pips on EUR/USD
Rating:
6.3/10 with 7 votes
Rate MFN Broker:
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Reviews:
Read or write a review of MFN broker
Categories:
e-gold Forex brokers, Forex brokers with CFD trading, Muslim Forex brokers
Advantages:
e-gold deposit option
Muslim Forex trading accounts available
Disadvantages:
No Metatrader software support
U.S. citizens are not allowed to trade with MFN
Click here to open an account with MFN
GCI Financial:
Company:
GCI Financial Ltd.
On-line since:
2002
Regulation:
Unregulated
Payment options:
Wire transfer, credit cards, PayPal and check
Minimum account size:
$500
Minimum lot size:
0.1 lot
Leverage:
up to 1:200
Spreads:
3 pips on EUR/USD
Rating:
3.7/10 with 4 votes
Rate GCI Financial Broker:
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Reviews:
Read or write a review of GCI Financial broker
Categories:
PayPal Forex brokers, Forex brokers with CFD trading, Muslim Forex brokers
Advantages:
Indexes and CFD trading available
Muslim-friendly Forex broker
Disadvantages:
No MetaTrader 4 software support
Click here to open an account with GCI Financial
Xforex:
Company:
XFOREX Inc.
On-line since:
2003
Regulation:
Unregulated
Payment options:
Wire transfer and credit cards
Minimum account size:
$50
Minimum lot size:
0.05 lot
Leverage:
up to 1:400
Spreads:
3 pips on EUR/USD
Rating:
6.5/10 with 4 votes
Rate Xforex Broker:
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Reviews:
Read or write a review of Xforex broker
Categories:
Forex brokers with web platform, Muslim Forex brokers
Advantages:
Web based Forex trading platform
Muslim friendly Forex broker
Disadvantages:
No MetaTrader 4 support
No demo Forex accounts
Click here to open an account with Xforex
One Financial:
Company:
One Financial
On-line since:
2007
Regulation:
Authorized and regulated by the Financial Services Authority.
Payment options:
Wire transfer and credit cards
Minimum account size:
$1,000
Minimum lot size:
0.1 lot
Leverage:
1:100
Spreads:
3 pips on EUR/USD
Rating:
4.0/10 with 1 vote
Rate One Financial Broker:
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Reviews:
Read or write a review of One Financial broker
Categories:
Forex brokers with web platform, Forex brokers with CFD trading, Muslim Forex brokers
Advantages:
Islamic Forex broker
Disadvantages:
Opening an account is a complicated process
No MetaTrader support
Click here to open an account with One Financial
NordMarkets:
Company:
Nord Group Financial AB
On-line since:
2008
Regulation:
Registered with the Swedish FSA (Finansinspektionen)
Payment options:
Bank wire and credit cards
Minimum account size:
$1,000
Minimum lot size:
0.1 lot
Leverage:
1:50 and 1:100
Spreads:
1-3 pips on EUR/USD
Rating:
5.0/10 with 1 vote
Rate NordMarkets Broker:
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Reviews:
Read or write a review of NordMarkets broker
Categories:
Muslim Forex brokers
Advantages:
Muslim accounts are available
Very low spreads for big accounts
Disadvantages:
No MetaTrader 4 support
Opening an account is a complicated process
Click here to open an account with NordMarkets