Best Halal Brokers With Islamic Accounts 2025
Written By
James Barra
Written By
James Barra
Edited By
Tobias Robinson
Edited By
Tobias Robinson
Fact Checked By
William Berg
Fact Checked By
William Berg
Updated
Jul 24, 2025
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:
- eToro USA is the best Halal broker in 2025 - 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.
- UnitedPips - When we tested UnitedPips’ Halal (swap‑free) accounts, they delivered zero overnight interest across all levels, with fixed spreads starting at 2.0 pips for Standard, 1.5 pips for Premium, and as low as 0.7 pips per lot in the VIP tier - plus no commissions. Their fee model is crystal clear, and they strictly avoid Haram assets, offering a genuinely ethical, Sharia-compliant trading environment.
- Plexytrade - When we used PlexyTrade’s swap‑free structure (for Silver, Gold RAW, and Platinum accounts), FX positions were interest‑free for up to 7 days. Raw spreads ranged from 0.7 pips (Silver) to 0.0 pips (Gold/Platinum) with commissions from $0 to $2‑$4 per round turn per lot. Fees were transparent. Strict avoidance of Haram sectors is not advertised, but swap-free terms and zero overnight costs indicate potential for Sharia-compliant use if asset selection is carefully managed.
- 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.
- AZAforex - When we used AZAforex’s Islamic trading account, it offered genuine swap‑free trading with fixed spreads starting at about 1.0 pip per lot and no overnight interest. The pricing was straightforward with no hidden commission. During our hands-on use, we found transparent fee structures, strict avoidance of Haram assets, and real Sharia-compliant trade execution.
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:
| Broker | Swap-Free Account | Instruments | Regulators |
|---|---|---|---|
| eToro USA | ✘ | Stocks, Options, ETFs, Crypto | SEC, FINRA |
| UnitedPips | ✔ | CFDs, Forex, Precious Metals, Crypto | IFSA |
| Plexytrade | ✔ | CFDs, Forex, Indices, Stocks, Commodities, Crypto | - |
| FOREX.com | ✔ | Forex, Stock CFDs, Futures, Futures Options | NFA, CFTC |
| xChief | ✔ | CFDs, Forex, Metals, Commodities, Stocks, Indices | ASIC |
| AZAforex | ✔ | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Binary Options | GLOFSA |
How Safe Are These Islamic-Friendly Brokers?
How reliable are the top Halal account brokers and how do they protect your capital?
| Broker | Trust Rating | Guaranteed Stop Loss | Negative Balance Protection | Segregated Accounts |
|---|---|---|---|---|
| eToro USA | ✘ | ✘ | ✔ | |
| UnitedPips | ✘ | ✔ | ✔ | |
| Plexytrade | ✘ | ✔ | ✔ | |
| FOREX.com | ✘ | ✔ | ✘ | |
| xChief | ✘ | ✘ | ✔ | |
| AZAforex | ✘ | ✔ | ✘ |
Compare Mobile Halal Trading
Are these brokers good for Islamic mobile traders?
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| eToro USA | iOS & Android | ✘ | ||
| UnitedPips | Web Access Only | ✘ | ||
| Plexytrade | iOS & Android | ✘ | ||
| FOREX.com | iOS & Android | ✘ | ||
| xChief | iOS & Android | ✘ | ||
| AZAforex | iOS & Android | ✘ |
Are the Top Halal Brokers Good for Beginners?
Beginners should use Muslim-friendly brokers that allow trading with paper money and provide other features:
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Education Rating | Support Rating |
|---|---|---|---|---|---|
| eToro USA | ✔ | $100 | $10 | ||
| UnitedPips | ✔ | $10 | 0.01 Lots | ||
| Plexytrade | ✔ | $50 | 0.01 | ||
| FOREX.com | ✔ | $100 | 0.01 Lots | ||
| xChief | ✔ | $10 | 0.01 Lots | ||
| AZAforex | ✔ | $1 | 0.0001 Lots |
Are the Top Halal Brokers Good for Advanced Traders?
Seasoned traders should look for powerful tools to upgrade the Islamic trading environment:
| Broker | Automated Trading | VPS | AI | Pro Account | Leverage | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| eToro USA | ✘ | ✘ | ✘ | ✘ | - | ✔ | ✔ |
| UnitedPips | - | ✘ | ✘ | ✘ | 1:1000 | ✘ | ✘ |
| Plexytrade | Expert Advisors (EAs) on MetaTrader | ✔ | ✘ | ✘ | 1:2000 | ✔ | ✘ |
| FOREX.com | Expert Advisors (EAs) on MetaTrader | ✔ | ✔ | ✘ | 1:50 | ✔ | ✘ |
| xChief | Expert Advisors (EAs) on MetaTrader | ✘ | ✘ | ✘ | 1:1000 | ✘ | ✘ |
| AZAforex | - | ✔ | ✘ | ✘ | 1:1000 | ✘ | ✘ |
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:
| Broker | Trust | Platforms | Assets | Mobile | Fees | Accounts | Research | Education | Support |
|---|---|---|---|---|---|---|---|---|---|
| eToro USA | |||||||||
| UnitedPips | |||||||||
| Plexytrade | |||||||||
| FOREX.com | |||||||||
| xChief | |||||||||
| AZAforex |
Compare Trading Fees
The cost of trading Shariah-compliant investments adds up over time, so here's how the top Halal platforms measure up:
| Broker | Cost Rating | Fixed Spreads | Inactivity Fee |
|---|---|---|---|
| eToro USA | ✔ | $10 | |
| UnitedPips | ✘ | $0 | |
| Plexytrade | ✘ | - | |
| FOREX.com | ✘ | $15 | |
| xChief | ✘ | - | |
| AZAforex | ✔ | $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 | |
| xChief | |
| FOREX.com | |
| UnitedPips |
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
| Bonus Offer | Invest $100 and get $10 |
|---|---|
| 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
- The low minimum deposit and straightforward account opening process means beginners can get started quickly
- The online broker offers an intuitive social investment network with straightforward copy trading on cryptos
- eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC
Cons
- Average fees may cut into the profit margins of day traders
- There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
- The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools
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, Reviewer
UnitedPips Quick Facts
| Bonus Offer | 40% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Precious Metals, Crypto |
| Regulator | IFSA |
| Platforms | UniTrader |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD |
Pros
- 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.
- 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 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.
Cons
- 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.
- 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.
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."
Plexytrade Quick Facts
| Bonus Offer | 120% Cash Welcome Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Indices, Stocks, Commodities, Crypto |
| Platforms | MT4, MT5 |
| Minimum Deposit | $50 |
| Minimum Trade | 0.01 |
| Leverage | 1:2000 |
| Account Currencies | USD, EUR |
Pros
- US residents are accepted as clients, distinguishing Plexytrade as one of the rare offshore brokers that cater to US-based traders.
- Plexytrade accommodates a range of trading methods and short-term strategies, including scalping, hedging, and automated trading.
- There are various VPS packages starting from $50 per month, but they become complimentary once specific deposit thresholds are reached.
Cons
- With around 100 instruments, Plexytrade restricts the flexibility of investors who prefer to trade across various assets, especially compared to Blackbull with its 26,000 securities.
- Deposits and withdrawals are exclusively facilitated through cryptocurrencies, as Plexytrade does not support bank cards, bank wire transfers, or e-wallets.
- There are no research and educational materials, falling short of alternatives like IG, while access to the economic calendar is restricted to clients with balances of $500.
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."
FOREX.com Quick Facts
| Bonus Offer | VIP status with up to 10k+ in rebates - T&Cs apply. |
|---|---|
| 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.
- There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
Cons
- FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
- 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.
- 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 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."
xChief Quick Facts
| Bonus Offer | $100 No Deposit Bonus |
|---|---|
| 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 offers STP/ECN execution with low spreads from 0.0 pips and low commission rates starting from $2.50 per side
- The broker offers a turnover rebate scheme geared towards active investors, as well as trading credits and several other occasional bonuses
Cons
- 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
- 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."
AZAforex Quick Facts
| Bonus Offer | 25% Crypto Deposit Bonus, 120% Loyalty Bonus, 30% Spread Rebate |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Binary Options |
| Regulator | GLOFSA |
| Platforms | Mobius Trader 7 |
| Minimum Deposit | $1 |
| Minimum Trade | 0.0001 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, MYR, IDR, CHF, RUB, THB, VND, UAH, CNY |
Pros
- 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.
- 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.
- 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 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.
- 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.
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.