Best Islamic Trading Accounts
Compare the best Islamic trading accounts in the Philippines, including standalone Islamic accounts and others available without swap charges.
By Stefan
Best brokers
- FP Markets Best Trade Execution - APAC...
- FXCC Best Forex Trading Account...
- Pepperstone Best Forex Broker Overall -...
- LiteFinance Best ECN Broker Africa 2020
- JustMarkets Best Broker Asia 2022 - UF...
Broker reviews
FP Markets is a true ECN broker with razor-thin spreads and deep liquidity. We also like that this broker offers a wide range of currencies for your trading account, including USD, EUR and GBP. Trade CFDs on over 1,000 stocks, indices, ETFs, commodities and currencies through MT4/5 without restrictions.
$100 | 1:500 | Market | |
$100 | 1:500 | Market | |
FXCC is a regulated offshore broker with an ECN trading environment. There are no conflicts of interest, as FXCC.com doesn't trade against you. Trade CFDs on over 100 instruments with leverage up to 1:500, only on MT4. FXCC allows all trading styles and Expert Advisors.
$0 | 1:500 | Market | |
Pepperstone.com is an award-winning broker regulated in 7 jurisdictions. Trade over 1,200 instruments on MetaTrader 4, 5, TradingView or cTrader. Pepperstone allows all trading styles, with no restrictions. We've been impressed by the quality of its customer service.
- Risk warning: Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, cTrader
- Regulators: Australia, Bahamas, Cyprus (EU) , Germany, Kenya, UAE , UK
$200 | 1:500 | Market | |
Trade CFDs on a wide range of markets on M4/5, with leverage up to 1:1,000 through LiteFinance.com. LiteFinance accepts all EAs and trading styles, including scalping and news trading. It's also the only broker that we know of, that pays up to 20% interest on your savings.
- Risk warning: 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Markets: Forex (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, cTrader, Copy trading, Mirror trading
- Regulators: Cyprus (EU) , Saint Vincent and the Grenadines
$50 | 1:1000 | Market | |
$50 | 1:1000 | Market | |
JustMarkets (formerly JustForex) is an offshore broker that allows you to trade over 170 instruments on low spreads, and high leverage up to 500 times your initial deposit. It accepts all trading styles on MetaTrader 4 and 5.
- Risk warning: Margin trading in the financial markets is speculative and implies a high level of risk, including full loss of deposit.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, Copy trading
- Regulators: Cyprus (EU) , Seychelles
$1 | 1:500 | Market | |
$100 | 1:500 | Market | |
$100 | 1:500 | Market | |
$1 | 1:500 | Market | |
NordFX.com is a fully offshore Forex broker serving traders since 2008. Trade 33 currency pairs, crypto and more with flexible leverage up to 1:1000 on MetaTrader 4. We were able to open an account and start trading without ID checks.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, Copy trading
- Regulators: Vanuatu
$100 | 1:1000 | Market | |
$10 | 1:1000 | Instant | |
$500 | 1:1000 | Market | |
FxPro.com is a global broker, winner of 95+ awards including 'Best FX Service Provider' in 2023. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles without restrictions.
- Risk warning: 79.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, cTrader, Copy trading
- Regulators: Bahamas, Cyprus (EU) , South Africa, UK
$100 | 1:200 | Market | |
$1000 | 1:200 | Market | |
$1000 | 1:200 | Market | |
Exness.com is an offshore broker trusted by over 500,000 active clients. Trade Forex, crypto, commodities, stocks and indices on MetaTrader 4 or 5 with unlimited leverage. You may be able to avoid unncessary currency conversion fees by open a trading account in your local currency.
- Risk warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5
- Regulators: BVI, Curaçao, Cyprus (EU) , Kenya, Mauritius, Seychelles, South Africa, UK
$100 | 1:500 | Market | |
$3000 | 1:500 | Market | |
$3000 | 1:500 | Market | |
$3000 | 1:500 | Instant | |
HYCM.com, formerly HY Markets, is an award-winning regulated online broker. Trade over 300 instruments on fixed or variable spreads over MetaTrader 4 or 5. We particularly like that you're entitled to attend live trading sessions with professional traders twice a week.
- Risk warning: 85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5
- Regulators: Cayman Islands, Cyprus (EU) , Saint Vincent and the Grenadines, UAE , UK
$100 | 1:500 | Instant | |
$100 | 1:500 | Instant | |
$200 | 1:500 | Instant | |
HFM.com, formerly known as Hot Forex, is an award-winning Forex and CFD broker, with accounts tailored to new and experienced traders. Trade a wide range of markets including Forex, stocks, indices and commodities through MT4 or MT5.
- Markets: Forex (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, Currenex, Copy trading, Mirror trading
- Regulators: Cyprus (EU) , Kenya, Saint Vincent and the Grenadines, Seychelles, South Africa, UAE
$5 | 1:1000 | Market | |
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Unbiased Reviews
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At Your Service
Compare trading accounts and find the best one for you, based on your preferences.
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.
- Forex Brokers That Pay Interest on Deposits
- Forex Brokers Without ID Verification
- High Leverage Forex Brokers
- Up to 100% Bonus on Your First Deposit
- Brokers with Negative Balance Protection
- Forex Brokers with Instant Execution
- No Requotes Forex Brokers
- Is Forex Halal or Haram?
- Best Islamic Forex Broker
- Best Islamic Trading Accounts
Featured Brokers
Best Execution
ECN XL Account
Trade CFDs on 70+ currency pairs, crypto-currencies, commodities and indices with leverage up to 1:... More
Best Conditions
Raw Account
Trade over 60 pairs of currencies as well as CFDs on crypto-currencies, shares, indices and ... More
Best Pro Account
Pro Account
Trade CFDs on Forex, crypto-currencies, stocks, indices, metals and energies with dynamic leverage ... More
- $3000 deposit
- 1:500 leverage
- 0.1 pips EUR/USD
- Regulators: BVI, Curaçao, Cyprus (EU) , Kenya, Mauritius, Seychelles, South Africa, UK