Discover the best Islamic Forex brokers for 2026 offering swap-free accounts. Explore Sharia-compliant trading options with competitive spreads and no interest
Islamic forex accounts, also known as swap-free accounts, are tailored to comply with Sharia law, which prohibits the accumulation of interest (Riba). These accounts allow Muslim traders to engage in forex trading without violating their religious beliefs. In this review, we discuss the top Islamic forex brokers in 2026, considering factors such as trading conditions, spreads, and platform availability to help you make the right choice.
What is an Islamic Forex Account?
An Islamic forex account is designed to eliminate interest charges on overnight positions, making it compliant with Islamic finance principles. Traditional forex accounts charge swap fees for keeping positions open overnight, which is prohibited in Islam. To cater to Muslim traders, forex brokers offer swap-free accounts where no interest is incurred.
Key Features of Islamic Accounts:
- No Overnight Interest (Riba): Ensures compliance with Sharia law.
- Competitive Spreads: Many brokers adjust spreads slightly higher to offset the absence of swap fees.
- Access to Major Forex Markets: Islamic accounts provide full access to forex, commodities, indices, and sometimes cryptocurrencies.
Top Islamic Forex Brokers in 2026
1. FXGlory – Best Overall Islamic Broker
FXGlory is the great fit if you’re searching for best swap free forex brokers, because its accounts are Islamic (swap-free) by default, so no overnight swap/rollover interest is added to open positions. You can trade on MT4/MT5, use stop-loss orders, and keep position sizes small while you learn or trade more actively. When you compare top brokers with Islamic (swap-free) accounts, look for clear rules on which symbols are covered and whether any admin charges apply—on transparency and simplicity, FXGlory is the best islamic forex brokers for many traders because all of their account are swap-free.
Key Features:
- Commission-free trading on all accounts.
- Leverage up to 1:3000.
- Minimum deposit of $1.
- Multiple platforms like MT4, MT5, and GloryTrader.
2. AvaTrade – Best for Low Fees
AvaTrade offers swap-free trading on over 53 forex pairs, including major and minor pairs. Its Islamic accounts do not charge commissions, making it an attractive choice for traders looking for fee-free trading. AvaTrade also allows you to trade a variety of assets, including gold, oil, and indices, without incurring interest.
Key Features:
- 0% commission on supported markets.
- Minimum deposit of $100.
- Spreads starting from 0.9 pips for EUR/USD.
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Available on MT4, MT5, and proprietary platforms.
3. Capitalcore – Best for Stocks & Indices
Capitalcore can be a good fit if you’re looking for the best brokers with islamic accounts or a forex broker with swap-free account, because a swap-free setup is designed to avoid overnight interest charges on positions held past the trading day. The platform is simple to use on desktop and mobile, and it includes all trading tools like stop-loss and take-profit to help you stay in control. Capitalcore also provides negative balance protection, a leverage of up to 1:2000, and tradable deposit bonuses which are very helpful in your trading.
Key Features:
- 0% commission on all markets.
- Minimum deposit of $10.
- Spreads starting from 0.5 pips.
- Available on desktop and mobile devices.
4. Pepperstone – Best for Scalping and Hedging
Pepperstone offers swap-free accounts that are ideal for traders who wish to use short-term strategies like scalping or hedging. For the first five days, no overnight charges are incurred, but after that, an admin fee is applied. Pepperstone also stands out with its access to high leverage (up to 1:500) and fast execution times.
Key Features:
- Spread-only pricing model with no commissions.
- Minimum deposit of $200.
- Available on MT4, MT5, cTrader, and TradingView.
- Access to over 60 forex pairs.
5. UnitedPips – Best for High Leverage
UnitedPips is a strong choice if you’re looking for a islamic (swap-free) forex account that avoids overnight interest charges. A good way to judge any forex broker with swap-free account is transparency—clear rules on which instruments qualify, how long trades can be held, and whether any admin fees apply—so you know exactly what you’re signing up for. If you value clarity, simple onboarding, and a clean trading experience, UnitedPips is a solid pick for Islamic accounts because they’re completely clear about their swap-free conditions: all of their accounts are swap-free, and you’ll have access to all of their available tradable assets with a swap-free account..
Key Features:
- 0% commission on all markets.
- Minimum deposit of $10.
- Spreads starting from 0.7 pips.
- Available on desktop and mobile devices.
6. XTB – Best for Long-Term Trading
XTB is a solid choice for swing traders, as it allows interest-free trading with no time limits on how long positions can be held. This makes it a great option for long-term forex traders. XTB offers a proprietary platform with excellent charting tools, ensuring that traders can make informed decisions without worrying about overnight fees.
Key Features:
- No interest on long-term trades.
- No minimum deposit.
- Competitive spreads with no commissions.
- Available on proprietary platform (xStation 5).
Comparison Table of Best Islamic Forex Brokers
Conclusion
Islamic forex accounts provide a compliant and fair way for Muslim traders to engage in forex markets without incurring interest. Brokers like eToro, AvaTrade, and Pepperstone offer excellent options with competitive spreads, swap-free terms, and advanced trading platforms. Depending on your needs, such as long-term trading or scalping, each broker has specific features suited to various trading styles. Frequently Asked Questions (FAQ)
What is an Islamic Forex Account?
An Islamic forex account is a swap-free account that complies with Sharia law, meaning no interest or swap fees are charged on overnight positions. These accounts are designed for Muslim traders who wish to engage in forex trading without violating religious principles.
How do Islamic Forex Brokers Make Money?
Islamic forex brokers typically make money through spreads (the difference between the buy and sell price) or small administrative fees instead of interest charges.
Are Islamic Accounts Available for All Traders?
Most brokers offer Islamic accounts to traders in Muslim-majority regions or upon request. It's essential to check the eligibility requirements of each broker.
Published by:
Daniel Carter