Best Halal Brokers With Islamic Accounts 2025

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Written By
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Written By
James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
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Edited By
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Edited By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
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Fact Checked By
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Fact Checked By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Our expert team has thoroughly reviewed every broker claiming to offer Islamic trading accounts in 2025. Below, we present our findings and rankings of the top Halal brokers in the market.

Top 6 Halal Brokers 2025

We've personally tested 227 brokers and these are the 6 best Islamic brokers and accounts:

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:

  1. eToro USA is the best Halal broker in 2025 - eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.
  2. FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
  3. UnitedPips - Operating since 2016 and based in Saint Lucia, UnitedPips is a non-dealing desk broker serving clients in over 137 countries. It specializes in CFD trading across around 80+ assets with high leverage up to 1:1000.
  4. xChief - xChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.
  5. AZAforex - Established in 2016, AZAforex is an offshore broker offering short-term trading on 235+ global financial markets, including through binary options with payouts of up to 90%. Three accounts (Start, Pro and VIP) offer unique features, but all provide access to the broker’s Mobius Trader 7 platform, which has benefited from performance upgrades over the years.
  6. Plexytrade - Established in 2024 and headquartered in Saint Lucia, Plexytrade is an ECN/STP broker. Geared towards active traders, it supports four account options, crypto deposits and withdrawals, plus very high leverage up to 1:2000 made possible by its unregulated status.

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
UnitedPips CFDs, Forex, Precious Metals, Crypto IFSA
xChief CFDs, Forex, Metals, Commodities, Stocks, Indices ASIC
AZAforex CFDs, Forex, Stocks, Indices, Commodities, Crypto, Binary Options GLOFSA
Plexytrade CFDs, Forex, Indices, Stocks, Commodities, Crypto -

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
UnitedPips 2
xChief 4
AZAforex 2.5
Plexytrade 1.5

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
UnitedPips Web Access Only 3 3
xChief iOS & Android 4.8 4.7
AZAforex iOS & Android 5 2.9
Plexytrade iOS & Android 4.8 4.7

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
UnitedPips $10 0.01 Lots 2.5 3.5
xChief $10 0.01 Lots 3.3 3.5
AZAforex $1 0.0001 Lots 2.5 3.3
Plexytrade $50 0.01 0.5 3.5

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
UnitedPips - 1:1000
xChief Expert Advisors (EAs) on MetaTrader 1:1000
AZAforex - 1:1000
Plexytrade Expert Advisors (EAs) on MetaTrader 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
UnitedPips 2 3.5 3 3 3.8 3.5 2.8 2.5 3.5
xChief 4 4.3 3.7 4.8 3 3.8 3.5 3.3 3.5
AZAforex 2.5 2.3 2.8 4 2.5 3.5 2.5 2.5 3.3
Plexytrade 1.5 2.5 2.5 4.8 3.3 2.5 0.5 0.5 3.5

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
UnitedPips 3.8 $0
xChief 3 -
AZAforex 2.5 $0
Plexytrade 3.3 -

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:

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 Jemma Grist, Reviewer

eToro USA Quick Facts

Bonus OfferInvest $100 and get $10
Demo AccountYes
InstrumentsStocks, Options, ETFs, Crypto
RegulatorSEC, FINRA
PlatformseToro Trading Platform & CopyTrader
Minimum Deposit$100
Minimum Trade$10
Account CurrenciesUSD

Pros

  • The online broker offers an intuitive social investment network with straightforward copy trading on cryptos
  • A free demo account means new users and prospective day traders can try the broker risk-free
  • The low minimum deposit and straightforward account opening process means beginners can get started quickly

Cons

  • 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
  • There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs and cryptos

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 Christian Harris, Reviewer

FOREX.com Quick Facts

Bonus OfferVIP status with up to 10k+ in rebates - T&Cs apply.
Demo AccountYes
InstrumentsForex, Stock CFDs, Futures, Futures Options
RegulatorNFA, CFTC
PlatformsWebTrader, Mobile, MT4, MT5, TradingView
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Pros

  • There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
  • 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.

Cons

  • Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
  • There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
  • Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.

Why Open An Islamic Account With UnitedPips?

"UnitedPips is ideal for traders seeking leveraged trading opportunities, the security of fixed spreads, and the flexibility to deposit, withdraw, and trade cryptocurrencies - all in one sleek TradingView-powered platform."

Christian Harris Christian Harris, Reviewer

UnitedPips Quick Facts

Bonus Offer40% Deposit Bonus
Demo AccountYes
InstrumentsCFDs, Forex, Precious Metals, Crypto
RegulatorIFSA
PlatformsUniTrader
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD

Pros

  • UnitedPips offers impressive leverage up to 1:1000 with zero swap fees or commissions, which can enhance potential returns for day traders and swing traders looking to control prominent positions with less capital.
  • Although being handed off mid-chat due to shift changes during testing was frustrating, customer support is generally good with quick, helpful responses, and 24/7 support via phone and email for regional teams is a definite advantage.
  • UnitedPips’ platform performs well, with an intuitive design that will appeal to beginners, while the TradingView integration delivers powerful charting tools without overwhelming users, making it straightforward to execute trades efficiently.

Cons

  • UnitedPips' selection of tradable instruments is still minimal, comprising a bare minimum selection of forex, metals and crypto. There are no equities, indices or ETFs, which may be a drawback for experienced traders looking for diverse opportunities.
  • UnitedPips lacks comprehensive research, while the educational content for beginner traders is woeful. Compared to brokers like eToro, which offers tutorials, webinars, and advanced courses, UnitedPips offers minimal resources to help new traders understand key concepts.
  • Unlike brokers such as IG, UnitedPips is an offshore broker not regulated by any 'green tier' financial authorities, raising concerns for traders seeking assurance and protection under well-established regulatory frameworks.

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 William Berg, Reviewer

xChief Quick Facts

Bonus Offer$100 No Deposit Bonus
Demo AccountYes
InstrumentsCFDs, Forex, Metals, Commodities, Stocks, Indices
RegulatorASIC
PlatformsMT4, MT5
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, JPY, CHF

Pros

  • xChief offers STP/ECN execution with low spreads from 0.0 pips and low commission rates starting from $2.50 per side
  • The broker offers several account types to suit different traders, including a Cent account for beginners and pro-level hedging/netting accounts
  • The low minimum deposit of $10 will appeal to beginners, as well as the beginners’ guides in the Library

Cons

  • The total range of 150+ assets is much lower than most competitors who typically offer hundreds
  • Fees and minimums are imposed on most withdrawal methods, including a €60 minimum for SWIFT bank transfers
  • xChief is an offshore broker with weak regulatory oversight from the VFSC, so traders will receive limited safeguards

Why Open An Islamic Account With AZAforex?

"AZAforex is best suited to active traders looking to make all-or-nothing bets on global markets through binary options and those looking for high leverage up to 1:1000 in return for weak regulatory safeguards."

Christian Harris Christian Harris, Reviewer

AZAforex Quick Facts

Bonus Offer25% Crypto Deposit Bonus, 120% Loyalty Bonus, 30% Spread Rebate
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto, Binary Options
RegulatorGLOFSA
PlatformsMobius Trader 7
Minimum Deposit$1
Minimum Trade0.0001 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, MYR, IDR, CHF, RUB, THB, VND, UAH, CNY

Pros

  • AZAforex provides high leverage of up to 1:1000, allowing for potentially greater returns with smaller capital. While this comes with increased risk, it's an attractive feature if you are an experienced trader looking for aggressive growth strategies.
  • AZAforex supports a huge and growing variety of payment methods, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies, providing flexibility for funding and withdrawals. This variety accommodates traders from different regions and preferences.
  • Few brokers offer binary options as part of their portfolio. Still, AZAforex includes them, allowing you to speculate on short-term price movements with fixed risk and reward up to 90%.

Cons

  • AZAforex offers basic trading guides and a blog but lacks robust educational tools such as video tutorials, webinars, or interactive learning resources. This makes it less appealing for beginners who need comprehensive learning support. A lot of the content is outdated, too.
  • AZAforex still operates without regulation from a recognized financial authority, which raises concerns about transparency, fund safety, and accountability. You may have no recourse in disputes, making it riskier than regulated brokers.
  • While functional during testing, the Mobius Trader 7 platform is proprietary and not widely used by other brokers. This creates risks of potential price manipulation or discrepancies in market data, as there's no external verification like with MetaTrader or cTrader.

Why Open An Islamic Account With Plexytrade?

"Plexytrade is a newcomer in the brokerage scene with attention-grabbing features like 1:2000 leverage, zero spreads on select instruments and fast execution speeds of less than 46 milliseconds. However, the absence of regulation is a significant concern, while the non-existent research and educational tools place it far behind industry frontrunners."

Christian Harris Christian Harris, Reviewer

Plexytrade Quick Facts

Bonus Offer120% Cash Welcome Bonus
Demo AccountYes
InstrumentsCFDs, Forex, Indices, Stocks, Commodities, Crypto
PlatformsMT4, MT5
Minimum Deposit$50
Minimum Trade0.01
Leverage1:2000
Account CurrenciesUSD, EUR

Pros

  • Plexytrade offers among the highest leverage we’ve seen, up to 1:2000, catering to advanced traders willing to forego regulatory protections.
  • US residents are accepted as clients, distinguishing Plexytrade as one of the rare offshore brokers that cater to US-based traders.
  • There are various VPS packages starting from $50 per month, but they become complimentary once specific deposit thresholds are reached.

Cons

  • There are no social or copy trading features for inexperienced traders to replicate the trades of more experienced investors, trailing category leaders like eToro.
  • Deposits and withdrawals are exclusively facilitated through cryptocurrencies, as Plexytrade does not support bank cards, bank wire transfers, or e-wallets.
  • Plexytrade lacks regulation in major jurisdictions, significantly increasing the risks of opening an account and depositing funds.

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:

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: