Discover the best forex brokers with swap-free Islamic trading accounts. Swap-free accounts cater to the Islamic financial principles that restrict earning or paying interest. Trade with Islamic trading accounts to avoid swap rates for overnight positions – otherwise charged to cover rollover price differences. As an Islamic trader yourself, always choose legitimate forex brokers with strict regulatory policies to simplify your trading journey. Of course, compare broker’s spreads, fees, and other non-trading charges on available Islamic swap-free accounts to make an informed decision. Read on for the best forex brokers with swap-free Islamic trading accounts.
IC Markets
IC Markets explains the best forex brokers with swap-free Islamic trading accounts. For instance, read the IC Markets review to learn more about the entire platform and IC Market account types. The broker supports Muslims by offering a dedicated Islamic account. This Swap Free Islamic Trading option is available in both Raw Spread and Standard accounts supporting MetaTrader4 and MetaTrader5 platforms. Moreover, Islamic accounts offer easy-to-use trading infrastructure, which will help you to execute trades quickly and gain a competitive edge. You can start with IC Markets, which offers Spreads as low as 0.0 pips on Islamic accounts. Indeed, choose IC Markets a legal forex broker with swap-free Islamic trading accounts.
AvaTrade
AvaTrade is legal forex broker swap-free Islamic trading account. AvaTrade’s trading account follows Islamic rules and does not charge daily swaps. You can follow regular steps to open a Sharia-compliant Islamic trading account with AvaTrade. These swap charges are transferred as daily administration fees within AvaTrade’s MT4/MT5 trading accounts. Leverage your Islamic account to trade FX currency pairs, indices, stocks, and more. You may also have to pay additional costs for wider spreads. Of course, evaluate AvaTrade’s restrictions, geographical constraints, and supported assets before signing up for an Islamic trading account. Learn more in our AvaTrade review, supporting swap-free trading accounts.
RoboForex
RoboForex is one of the best FX brokers with swap-free Islamic trading accounts. Established in 2009, RoboForex supports Islamic swap-free accounts for all Muslim traders. With your swap-free accounts, you can trade multiple financial instruments like stocks, forex, and cryptocurrencies. Additionally, RoboForex offers multiple trading platforms like MT4 and MT5 broker swap-free accounts. Select from various account types such as ECN swap-free, Prime swap-free, Pro swap-free, and ProCent swap-free. Moreover, use RoboForex’s competitive spread, fast order execution, and high leverage in your swap-free accounts. Of course, you may need to pay a fixed commission to cover swap charges. Typically, these fixed commission rates depend on the instrument, lot size, and Islamic account type. Certainly, choose one of the best legit forex brokers RoboForex with swap-free Islamic trading accounts.
Forex.com
Forex.com is one of the best UAE forex brokers offering swap-free Islamic accounts. Open your Islamic swap-free accounts just with a minimum deposit of $100. You can trade Islamic swap-free accounts with Forex.com’s web and desktop applications. Additionally, you can leverage a fully integrated TradingView charting tool to maximize profits on your swap-free trades. Notably, these Islamic swap-free accounts support traders following Sharia law and strict religious beliefs. Instead of swap, you need to pay a fixed fee based on your order size. With your swap-free accounts, you can trade financial instruments including stocks, forex, commodities, indices, and more. Always settle your trades every day to avoid overnight charges on your Islamic trading account. Certainly, choose Forex.com as one of the best forex brokers with swap-free Islamic accounts.
FP Markets
FP Markets is another top-rated forex broker with swap-free Islamic trading accounts. You can trade with your swap-free accounts on both MT4 and MT5 platforms. FP Markets offers two types of swap-free trading accounts – raw spread and commission-free. These accounts replace regular interest charges with daily admin fees. Based on the currency pair, the swap-free daily admin charge may range between $5 per day for major currencies to $70 for exotic pairs. Open your swap-free account with a minimum deposit of $100. Islamic traders may need to pay a $3 commission on a $100,000 trade lot size. Learn more in the FP Markets review.
Find the best forex brokers with welcome bonus and swap-free Islamic trading accounts. With IC Markets, you can trade in both standard and raw spread accounts on MT4 and MT5. Open your account with AvaTrade broker that follows Islamic rules and offers a secure platform for swap-free trading. RoboForex is another broker offering various accounts like Prime swap-free, Pro swap-free, ECN swap-free, and ProCent swap-free. Choose Forex.com broker to open your swap-free account with a minimum deposit of $100. FP Market brokers charge daily admin charges on swap-free accounts based on the currency pair trading. Follow the points above to discover the best forex brokers offering swap-free Islamic trading accounts.
