Best Islamic Trading Accounts

Updated on 24/04/2025

Compare the best Islamic trading accounts in Israel, including standalone Islamic accounts and others available without swap charges.

Brokers we recommend


4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 with FPMarkets.com, an ECN broker with a 20-year track record. FP Markets accepts all trading styles on MT4/5, TradingView and cTrader.


4.7 / 5 AvaTrade
76% of retail CFD accounts lose money

AvaTrade.com is an award-winning online broker in business since 2006. Trade CFDs on all asset classes, from Forex to ETFs and bonds. Its service appeals to novice and experienced traders alike.


4.0 / 5 FXCC

FXCC.com is a regulated offshore broker with low spreads and high leverage, up to 1:500. It supports all trading styles on the MetaTrader 4 platform.


Other brokers:

Comparison table

We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:

OverallMarketsTrading environmentDeposits and withdrawalsInvestor protectionCustomer service
FP Markets 4.8 5.0 4.9 5.0 4.0 5.0
AvaTrade 4.7 5.0 4.2 4.7 4.8 5.0
FXCC 4.0 4.0 4.2 4.4 3.8 3.8
RoboForex 4.1 5.0 4.5 3.9 3.2 3.8
LHFX 3.8 4.0 4.6 3.4 2.5 4.7
Forex (CFD)Cryptos (CFD)*Stocks (CFD)Indices (CFD)ETFs (CFD)Metals (CFD)Energy (CFD)Commodities (CFD)Bonds (CFD)
FP Markets 72121000164617452
AvaTrade 532664335677572
FXCC 7181262
RoboForex 40338400101000204100
LHFX 5525761042
MT4MT5Copy tradingTradingViewcTrader
FP Markets
AvaTrade
FXCC
RoboForex
LHFX
Bank transferCredit cardDebit cardNETELLER *Skrill *BTC (Bitcoin)USDT (Tether)Broker to broker transfer
FP Markets
AvaTrade
FXCC
RoboForex
LHFX
AustraliaBelizeCyprus (EU)IrelandSouth AfricaSt. Vincent & the GrenadinesUAEUnion of Comoros
FP Markets
AvaTrade
FXCC
RoboForex
LHFX

* Availability is subject to local laws and regulations.

Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.



4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 with FPMarkets.com, an ECN broker with a 20-year track record. FP Markets accepts all trading styles on MT4/5, TradingView and cTrader.

  • Likes
  • Flexible leverage up to 1:500.
  • Trade over 1,000 financial instruments.
  • Trade on MT4/5, cTrader or TradingView without restrictions.
  • Copy trading service is available.
  • Customer support is available 24/7.
  • Dislikes
  • No investor compensation fund in the event of bankruptcy.
Our take on FP Markets

Enjoy low spreads and reliable trading conditions at all times with this award-winning broker. Open a Standard account to trade without commission, or a Raw account if you prefer to trade on raw spreads.

Access over 1,000 markets through MT4, MT5, cTrader and more recently TradingView. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros, Aussie dollars and other currencies. You can also go long or short on stocks and government bonds through over 40 ETFs.

Its free educational content also sets it apart from the competition. Get access to trading signals from Trading Signal and Autochartist as soon as you fund your account. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.

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4.7 / 5 AvaTrade
76% of retail CFD accounts lose money

AvaTrade.com is an award-winning online broker in business since 2006. Trade CFDs on all asset classes, from Forex to ETFs and bonds. Its service appeals to novice and experienced traders alike.

  • Likes
  • CFDs on 845 instruments, as well as futures and options.
  • Wide selection of trading platforms, including copy trading.
  • One-on-one assistance when you deposit US$1,000 or more.
  • Daily trading signals from Trading Central.
  • No fees on deposits or withdrawals.
  • Dislikes
  • Quarterly and annual inactivity fees are $50 and $100 respectively.
  • Its 'one size fits all' trading account may not appeal to professional traders.
Our take on AvaTrade

The breadth of assets available to trade through its platform sets this broker apart from the competition. You'll find 845 instruments, including currencies, stocks, indices, ETFs (and leveraged ETFs), precious metals, commodities, cryptocurrencies, and government bonds.

With AvaTrade, the MT4 and MT5 platforms are available for Windows and iOS devices. Its web trading platform is sleek, with advanced charting tools. Spreads are competitive and fixed, which can provide a more predictable trading environment, well-suited for beginners.

Customer service is excellent. Every time a question has arisen, we've been able to speak to a customer support agent easily through a local telephone number. Our queries were resolved within minutes. Support is available five days a week through various channels, including WhatsApp.

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4.0 / 5 FXCC

FXCC.com is a regulated offshore broker with low spreads and high leverage, up to 1:500. It supports all trading styles on the MetaTrader 4 platform.

  • Likes
  • Low spreads from 0 pips.
  • Flexible leverage up to 1:500.
  • All trading styles are allowed.
  • No minimum deposit.
  • Dislikes
  • 3个月无交易将收取闲置账户费用。
  • MT4 is the only trading platform.
  • Withdrawal fees apply across some, but not all, funding methods.
Our take on FXCC

FXCC's high leverage up to 1:500, available across currency pairs, gold, silver, stock indices and energy products, will appeal to day traders. Negative balance protection is available at all times.

FXCC's MetaTrader 4 integration provides a smooth trading experience, with no lags and only minimal slippage. Importantly, iy accepts all trading styles and Expert Advisors (including scalping robots) without restrictions.

As this broker offers consistently low spreads, it is possible to enter and exit trades several times a day, to take advantage of even small price swings. Its ECN XL account has no commission, but $5 mark-up per lot applies when you open an account through us.

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4.1 / 5 RoboForex
58.42% of retail CFD accounts lose money

RoboForex.com is an offshore broker based in and regulated in Belize. Access over 12,000 instruments, including real equities and CFDs on Forex, crypto and oil, from a single platform. We were able to start trading in minutes, without ID verification.

  • Likes
  • Access 12,000 instruments, including real stocks.
  • Start trading in minutes without ID verification.
  • Enjoy negative balance protection.
  • Dislikes
  • RoboForex is only regulated in Belize.
  • Withdrawal fees across most funding methods.
Our take on RoboForex

RoboForex.com is an offshore broker you should consider, if you're looking for high leverage (up to 1:2000) across a wide range of asset classes.

We were able to open an account and start trading in under 5 minutes, as account verification is delayed until you raise a withdrawal request. It's free to fund your account, but pay attention to withdrawal fees across most withdrawal methods.

RoboForex accepts all trading styles and EAs on the MetaTrader 4 and 5 platforms. Its trading fees are on par with its competition, and swap fees generally lower. You may also qualify for a complimentary VPS if you trade at least 3 lots per month.

We particularly like its R StocksTrader platform, which allows you to invest in over 12,000 "real" stocks, in addition to CFDs across all other asset classes. If you're a buy-and-hold investor with an interest in stocks, this platform is one you should consider.

Read review

3.8 / 5 LHFX

LHFX, also known as Longhorn Forex, is a crypto-first offshore broker. Trade Forex as well as CFDs on cryptocurrencies, stocks, indices, precious metals and more. LHFX allows all trading styles and EAs on the MetaTrader 4 platform.

  • Likes
  • Open an account in seconds with no identity checks.
  • Supports all Expert Advisors and trading styles.
  • No fees on deposits or withdrawals.
  • Leverage up to 1:500.
  • Dislikes
  • Only supports MetaTrader 4.
  • Only supports crypto deposits. However, LHFX makes it easy to buy crypto through their partner.

We hope this article has helped narrow your options and we would encourage you to create either a live or a demo account with each of these brokers, to see what they have to offer. If not, here are a few things to look for when searching for a Shariah-compliant broker:

  • No interest on overnight positions (also called swap fees).
  • No time limit placed on positions kept open overnight.
  • No fees charged on positions kept open overnight.
  • No additional charges (e.g. administrative fees).
  • No spread-widening for Islamic accounts.

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Author

About the author

I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers mentioned in this article. I started my career in investment banking in London as an FCA-approved person.

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