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 226 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.
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.
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.

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
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
Exness	✔	CFDs on Forex, Stocks, Indices, Commodities, Crypto	FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC, JSC

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	✘	✘	✔
UnitedPips	2	✘	✔	✔
Plexytrade	2.3	✘	✔	✔
FOREX.com	4.9	✘	✔	✘
xChief	4	✘	✘	✔
Exness	4.1	✘	✔	✔

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	✘
UnitedPips	Web Access Only	3	3	✘
Plexytrade	iOS & Android	4.8	4.7	✘
FOREX.com	iOS & Android	3.6	3.8	✘
xChief	iOS & Android	4.8	4.7	✘
Exness	iOS & Android	4.4	4.8	✘

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
UnitedPips	✔	$10	0.01 Lots	2.5	3.5
Plexytrade	✔	$50	0.01	3.5	3.8
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

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	✘	✘	✘	✘	-	✔	✔
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	✘	✘
Exness	Expert Advisors (EAs) on MetaTrader	✔	✘	✔	1:Unlimited	✔	✘

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
UnitedPips	2	3.5	3	3	3.8	3.5	2.8	2.5	3.5
Plexytrade	2.3	4	3.5	4.8	3.5	3.3	2.8	3.5	3.8
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

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
UnitedPips	3.8	✘	$0
Plexytrade	3.5	✘	-
FOREX.com	4.6	✘	$15
xChief	3	✘	-
Exness	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
FOREX.com	450,000
UnitedPips	370,000

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

The broker's Academy offers comprehensive learning materials for beginners to advanced-level investors
The online broker offers an intuitive social investment network with straightforward copy trading on cryptos
The low minimum deposit and straightforward account opening process means beginners can get started quickly

Cons

Average fees may cut into the profit margins of day traders
The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools
There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs and cryptos

Visit eToro USA

eToro USA Review

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

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

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.
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.

Visit UnitedPips

UnitedPips Review

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, Reviewer

Plexytrade Quick Facts

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

Plexytrade accommodates a range of trading methods and short-term strategies, including scalping, hedging, and automated trading.
Despite lacking regulation, Plexytrade provides negative balance protection and reinforces safety protocols by holding client funds in segregated accounts.
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.
Plexytrade lacks regulation in major jurisdictions, significantly increasing the risks of opening an account and depositing funds.
Deposits and withdrawals are exclusively facilitated through cryptocurrencies, as Plexytrade does not support bank cards, bank wire transfers, or e-wallets.

Visit Plexytrade

Plexytrade 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

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

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.
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.

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

xChief offers STP/ECN execution with low spreads from 0.0 pips and low commission rates starting from $2.50 per side
The low minimum deposit of $10 will appeal to beginners, as well as the beginners’ guides in the Library
Traders can access a copy trading solution via the MetaQuotes Signals service

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

Excellent range of account types for all experience levels, including Cent, Pro plus the introduction of Raw Spread, ideal for day traders.
Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips with low commissions from $2 per side.
Fast and dependable 24/7 multilingual customer support via telephone, email and live chat based on hands-on tests.

Cons

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.
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
Retail trading services are unavailable in certain jurisdictions, such as the US, UK and EU, limiting accessibility compared to top-tier brokers like Interactive Brokers.

Visit Exness

Exness 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.