Best Halal Brokers With Islamic Accounts 2026

Written By

James Barra

Edited By

Tobias Robinson

Fact Checked By

William Berg

Updated

Jul 24, 2025

Our expert team has thoroughly reviewed every broker claiming to offer Islamic trading accounts in 2026. Below, we present our findings and rankings of the top Halal brokers in the market.

Top 6 Halal Brokers 2026

We've personally tested 140 brokers and these are the 6 best Islamic brokers and accounts:

Learn how we test brokers and why you can trust our ratings.

Why Are These the Best Brokers for Islamic Traders?

Here is a short summary of why we think these are the best brokers with Halal accounts:

eToro USA is the best Halal broker in 2026 - In our tests, eToro USA did not offer dedicated Halal or swap-free accounts; however, its commission-free model and access to tangible assets, such as stocks and ETFs, partially align with Sharia principles. Its extensive access to Halal sectors across multiple asset classes and active investor community with fellow Muslim traders makes it a compelling option.
FOREX.com - FOREX.com’s Islamic account waived overnight interest on trades when we used. It also stood out during our tests of halal brokers in the safety department with a stock exchange listing and extensive regulatory credentials. Its excellent market research tools also proved excellent for finding and researching trades in halal industries and sectors.
xChief - In our testing, xChief’s Islamic (swap-free) accounts on MT4/MT5 Classic+, DirectFX, and xPRIME types offered no overnight interest with a transparent fixed commission when positions are held beyond two days (calculated per point in USD). Spreads during testing averaged 0.6–1.2 pips per lot, with strict avoidance of Haram instruments and clear restrictions (e.g., seven‑day trade limit on swap‑free status), supporting a genuinely Sharia‑compliant, ethical trading setup.
Exness - When we used Exness’ Halal accounts, they provided swap-free trading with competitive spreads averaging around 0.9 pips per lot and no commission fees. Their clear, transparent pricing and strict avoidance of Haram assets ensure compliance with Islamic principles, offering a reliable and ethical trading environment for Sharia-conscious investors.
IC Markets - In our tests, IC Markets’ Halal trading accounts offered swap-free conditions with tight spreads averaging 0.6 pips per lot and no commissions. Their transparent fee structure and commitment to excluding Haram investments create an ethical, Sharia-compliant environment, ideal for Muslim traders seeking low-cost, straightforward trading aligned with real economic activity.
RoboForex - When we evaluated RoboForex’s Halal trading accounts, they offered swap-free options with transparent fee structures and competitive spreads averaging around 1.2 pips per lot. Their commitment to avoiding Haram investments and emphasizing ethical trading creates a trustworthy environment for Muslim traders seeking Sharia-compliant, cost-effective solutions.

Compare the Best Brokers With Halal Accounts on Key Attributes

Find the right Islamic trading provider for your needs based on our comparison of key features:

Compare the Best Brokers With Halal Accounts on Key Attributes
Broker	Swap-Free Account	Instruments	Regulators
eToro USA	✘	Stocks, Options, ETFs, Crypto	SEC, FINRA
FOREX.com	✔	Forex, Stock CFDs, Futures, Futures Options	NFA, CFTC
xChief	✔	CFDs, Forex, Metals, Commodities, Stocks, Indices	ASIC
Exness	✔	CFDs on Forex, Stocks, Indices, Commodities, Crypto	FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC, JSC
IC Markets	✔	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto	ASIC, CySEC, CMA, FSA
RoboForex	✔	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures	IFSC

How Safe Are These Islamic-Friendly Brokers?

How reliable are the top Halal account brokers and how do they protect your capital?

How Safe Are These Islamic-Friendly Brokers?
Broker	Trust Rating	Guaranteed Stop Loss	Negative Balance Protection	Segregated Accounts
eToro USA	3.3	✘	✘	✔
FOREX.com	4.9	✘	✔	✘
xChief	4	✘	✘	✔
Exness	4.1	✘	✔	✔
IC Markets	4.6	✘	✔	✔
RoboForex	3.3	✘	✔	✔

Compare Mobile Halal Trading

Are these brokers good for Islamic mobile traders?

Compare Mobile Halal Trading
Broker	Mobile Apps	iOS Rating	Android Rating	Smart Watch App
eToro USA	iOS & Android	4.3	4	✘
FOREX.com	iOS & Android	3.6	3.8	✘
xChief	iOS & Android	4.8	4.7	✘
Exness	iOS & Android	4.4	4.8	✘
IC Markets	iOS & Android	3.1	4.2	✘
RoboForex	iOS & Android, R StocksTrader	4.7	4.4	✘

Are the Top Halal Brokers Good for Beginners?

Beginners should use Muslim-friendly brokers that allow trading with paper money and provide other features:

Are the Top Halal Brokers Good for Beginners?
Broker	Demo Account	Minimum Deposit	Minimum Trade	Education Rating	Support Rating
eToro USA	✔	$100	$10	3	3
FOREX.com	✔	$100	0.01 Lots	4.5	4.3
xChief	✔	$10	0.01 Lots	3.3	3.5
Exness	✔	Varies based on the payment system	0.01 Lots	2.8	4.5
IC Markets	✔	$200	0.01 Lots	3.5	4.5
RoboForex	✔	$10	0.01 Lots	4.1	4.3

Are the Top Halal Brokers Good for Advanced Traders?

Seasoned traders should look for powerful tools to upgrade the Islamic trading environment:

Are the Top Halal Brokers Good for Advanced Traders?
Broker	Automated Trading	VPS	AI	Pro Account	Leverage	Low Latency	Extended Hours
eToro USA	✘	✘	✘	✘	-	✔	✔
FOREX.com	Expert Advisors (EAs) on MetaTrader	✔	✔	✘	1:50	✔	✘
xChief	Expert Advisors (EAs) on MetaTrader	✘	✘	✘	1:1000	✘	✘
Exness	Expert Advisors (EAs) on MetaTrader	✔	✘	✔	1:Unlimited	✔	✘
IC Markets	Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade	✔	✘	✘	1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)	✔	✘
RoboForex	Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader	✔	✘	✘	1:2000	✘	✘

Compare the Ratings of Our Top Brokers For Islamic Traders

See how our top brokers for Islamic traders score in every core category based on our latest tests:

Compare the Ratings of Our Top Brokers For Islamic Traders
Broker	Trust	Platforms	Assets	Mobile	Fees	Accounts	Research	Education	Support
eToro USA	3.3	3.5	2.9	4.2	3.4	3	3.5	3	3
FOREX.com	4.9	4.6	4.3	3.7	4.6	4	4.8	4.5	4.3
xChief	4	4.3	3.7	4.8	3	3.8	3.5	3.3	3.5
Exness	4.1	3.8	3.5	4.6	3.8	4.3	4.3	2.8	4.5
IC Markets	4.6	4	3.5	3.7	4.6	4	4	3.5	4.5
RoboForex	3.3	4.2	4	4.6	3.8	4.3	3.8	4.1	4.3

Compare Trading Fees

The cost of trading Shariah-compliant investments adds up over time, so here's how the top Halal platforms measure up:

Compare Trading Fees
Broker	Cost Rating	Fixed Spreads	Inactivity Fee
eToro USA	3.4	✔	$10
FOREX.com	4.6	✘	$15
xChief	3	✘	-
Exness	3.8	✘	$0
IC Markets	4.6	✘	$0
RoboForex	3.8	✘	$0

How Popular Are These Brokers With Islamic Trading Accounts?

Many Muslim traders want the most popular Halal brokers, i.e those with the most users:

Broker	Popularity
eToro USA	3,200,000
Exness	800,000
xChief	750,000
RoboForex	700,000
FOREX.com	450,000
IC Markets	200,000

Why Open An Islamic Account With eToro USA?

"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."
Jemma Grist, Reviewer

eToro USA Quick Facts

Demo Account	Yes
Instruments	Stocks, Options, ETFs, Crypto
Regulator	SEC, FINRA
Platforms	eToro Trading Platform & CopyTrader
Minimum Deposit	$100
Minimum Trade	$10
Account Currencies	USD

Pros

A free demo account means new users and prospective day traders can try the broker risk-free
The broker's Academy offers comprehensive learning materials for beginners to advanced-level investors
eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC

Cons

The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools
There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
Average fees may cut into the profit margins of day traders

Visit eToro USA

eToro USA Review

Why Open An Islamic Account With FOREX.com?

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
Christian Harris, Reviewer

FOREX.com Quick Facts

Demo Account	Yes
Instruments	Forex, Stock CFDs, Futures, Futures Options
Regulator	NFA, CFTC
Platforms	WebTrader, Mobile, MT4, MT5, TradingView
Minimum Deposit	$100
Minimum Trade	0.01 Lots
Leverage	1:50
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Pros

With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.

Cons

There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.

Visit FOREX.com

FOREX.com Review

Why Open An Islamic Account With xChief?

"xChief continues to prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to seasoned traders. However, the lack of top-tier regulatory oversight is a major drawback."
William Berg, Reviewer

xChief Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Metals, Commodities, Stocks, Indices
Regulator	ASIC
Platforms	MT4, MT5
Minimum Deposit	$10
Minimum Trade	0.01 Lots
Leverage	1:1000
Account Currencies	USD, EUR, GBP, JPY, CHF

Pros

The broker offers several account types to suit different traders, including a Cent account for beginners and pro-level hedging/netting accounts
xChief delivers a high-quality day trading environment via the MT4 and MT5 platforms, with market-leading charts, indicators and tools
The low minimum deposit of $10 will appeal to beginners, as well as the beginners’ guides in the Library

Cons

xChief is an offshore broker with weak regulatory oversight from the VFSC, so traders will receive limited safeguards
The Classic+ and Cent accounts provide access to fewer instruments than the other account types, at 50+ and 35+, respectively
The total range of 150+ assets is much lower than most competitors who typically offer hundreds

Visit xChief

xChief Review

Why Open An Islamic Account With Exness?

"After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs."
Christian Harris, Reviewer

Exness Quick Facts

Demo Account	Yes
Instruments	CFDs on Forex, Stocks, Indices, Commodities, Crypto
Regulator	FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC, JSC
Platforms	Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral
Minimum Deposit	Varies based on the payment system
Minimum Trade	0.01 Lots
Leverage	1:Unlimited
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY

Pros

Fast and dependable 24/7 multilingual customer support via telephone, email and live chat based on hands-on tests.
Improved execution speeds, now averaging under 25ms, offer optimal conditions for short-term traders.
Exness Terminal offers a streamlined experience for beginners with dynamic charts while setting up watchlists is a breeze.

Cons

Exness has expanded its range of CFDs and added a copy trading feature, but there are still no real assets such as ETFs, cryptocurrencies or bonds
MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone.
Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders.

Visit Exness

Exness Review

Why Open An Islamic Account With IC Markets?

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."
Christian Harris, Reviewer

IC Markets Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Regulator	ASIC, CySEC, CMA, FSA
Platforms	MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
Minimum Deposit	$200
Minimum Trade	0.01 Lots
Leverage	1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.

Cons

While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.

Visit IC Markets

IC Markets Review

Why Open An Islamic Account With RoboForex?

"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."
Christian Harris, Reviewer

RoboForex Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
Regulator	IFSC
Platforms	R StocksTrader, MT4, MT5, TradingView
Minimum Deposit	$10
Minimum Trade	0.01 Lots
Leverage	1:2000
Account Currencies	USD, EUR

Pros

RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders.
The broker offers leverage up to 1:2000 for certain account types, which is among the highest in the industry. This high leverage allows day traders to maximize their trading potential, albeit with a corresponding increase in risk.
The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.

Cons

While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets.
RoboForex provides a variety of account types, which, while offering flexibility, can be overwhelming for newer traders trying to choose the most suitable option for their trading style. Alternatives, notably eToro, provide a smoother entry into online trading with one retail account.
RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.

Visit RoboForex

RoboForex Review

Our Methodology for Selecting the Best Halal Brokers

To identify the best Halal brokers, we conducted a rigorous, hands-on evaluation that goes beyond surface-level data. Our review process involved extensive platform testing, where we assessed trading tools and overall user experience to ensure a real-world perspective.

We analyzed over 200 data points across 8 core categories, including:

Halal accounts – Verified the availability of swap-free Islamic accounts for adherence to Shariah principles.
Trading Costs & Fees – Assessed spreads, commissions, and whether swap-free accounts have hidden markups.
Platform & Tools – Tested the broker’s software, mobile apps, and key trading features.
Regulation & Security – Ensured brokers are licensed by trusted financial authorities.
Asset Selection – Reviewed available instruments to confirm diverse, interest-free trading options.
Customer Support & Service – Tested support responsiveness, including regarding Islamic account inquiries.

What is an Islamic Trading Account?

For a broker to be Halal and truthfully claim they offer accounts based on Islamic principles, their Islamic accounts need to meet the following criteria:

Very fast execution of trades – Minimal delay helps satisfy the rule of prompt hand to hand exchanges between two parties.
Instant settlement of transaction costs – Be careful with accounts where open trades are automatically rolled over to the next trading day, as they may incur interest charges for the rollover.
Zero interest rates on trades – To avoid breaking rules around riba, there must be no interest. Any interest will deem the contract invalid and not Halal.