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 143 brokers and these are the 6 best Islamic brokers and accounts in Ukraine:
Tested with a live trading account
Accepts traders from Ukraine
Your capital is at risk. Trade only with funds you can afford to lose.
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- Demo account
- Platforms: MT4, MT5, TradingCentral
- Min. deposit: $5
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- Demo account
- Min. deposit: $100
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: FCA, ASIC, CMVM , FSCA, SCB, FSA
- Platforms: TN Trader, MT4, TradingView
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- Demo account
- Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
- Min. deposit: $200
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- Demo account
- Regulator: ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
- Min. deposit: $0
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- Demo account
- Platforms: WebTrader, App
- Min. deposit: $100
81% of retail CFD accounts lose money.
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:
- XM is the best Halal broker in Ukraine in 2026 4.8/5 During our tests, XM’s Halal accounts featured swap-free trading with transparent fees, no commissions, and spreads averaging about 1.0 pip per lot. Their focus on excluding Haram investments and promoting ethical trading practices offers Muslim traders a compliant, cost-effective platform aligned with Sharia principles and real economic activity.
- AvaTrade 4.9/5 During our tests, AvaTrade’s Halal trading accounts offered zero swaps and no hidden commissions, with transparent spreads averaging around 0.9 pips per lot. The broker emphasizes ethical, real economic activity by avoiding Haram investments, making it a strong choice for traders seeking Sharia-compliant, straightforward, and cost-effective trading conditions.
- Trade Nation 4.4/5 When we used Trade Nation’s Halal accounts, they provided swap-free trading with transparent, commission-free pricing and spreads averaging around 1.2 pips per lot. Their focus on ethical investments and avoidance of Haram sectors ensures a compliant, straightforward trading experience tailored for traders seeking Sharia-compliant conditions.
- IC 4.8/5 In our tests, IC’s 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.
- FP Markets 4.2/5 Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
- Plus500 4.1/5 Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.
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 |
|---|---|---|---|
| XM | ✔Yes | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE |
| AvaTrade | ✔Yes | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct) |
| Trade Nation | ✔Yes | CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only) | FCA, ASIC, CMVM , FSCA, SCB, FSA |
| IC | ✔Yes | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | ASIC, CySEC, FSA, SCB, CMA-Kenya |
| FP Markets | ✔Yes | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto | ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya |
| Plus500 | ✔Yes | CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto | FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI |
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 |
|---|---|---|---|---|
| XM | ✘No | ✔Yes | ✔Yes | |
| AvaTrade | ✘No | ✔Yes | ✔Yes | |
| Trade Nation | ✘No | ✔Yes | ✔Yes | |
| IC | ✘No | ✔Yes | ✔Yes | |
| FP Markets | ✘No | ✔Yes | ✔Yes | |
| Plus500 | ✔Yes | ✔Yes | ✔Yes |
Compare Mobile Halal Trading
Are these brokers good for Islamic mobile traders?
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| XM | iOS, Android & Windows | ✘No | ||
| AvaTrade | iOS & Android | ✘No | ||
| Trade Nation | iOS & Android | ✘No | ||
| IC | iOS & Android | ✘No | ||
| FP Markets | iOS & Android | ✘No | ||
| Plus500 | iOS, Android & Windows | ✘No |
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 |
|---|---|---|---|---|---|
| XM | ✔Yes | $5 | 0.01 Lots | ||
| AvaTrade | ✔Yes | $100 | 0.01 Lots | ||
| Trade Nation | ✔Yes | $0 | 0.1 Lots | ||
| IC | ✔Yes | $200 | 0.01 Lots | ||
| FP Markets | ✔Yes | $0 | 0.01 Lots | ||
| Plus500 | ✔Yes | $100 | Variable |
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 |
|---|---|---|---|---|---|---|---|
| XM | Expert Advisors (EAs) on MetaTrader | ✔Yes | ✔Yes | ✘No | 1:1000 | ✔Yes | ✘No |
| AvaTrade | Expert Advisors (EAs) on MetaTrader | ✘No | ✔Yes | ✔Yes | 1:30 (Retail) 1:400 (Pro) | ✔Yes | ✘No |
| Trade Nation | Expert Advisors (EAs) on MetaTrader | ✘No | ✘No | ✘No | 1:30 (FCA, CMVM, ASIC), 1:200 (FSCA, SCB), 1:500 (FSA) | ✘No | ✘No |
| IC | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✔Yes | ✘No | ✘No | 1:5000 | ✔Yes | ✘No |
| FP Markets | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✔Yes | ✘No | ✘No | 1:30 (UK), 1:500 (Global) | ✔Yes | ✘No |
| Plus500 | ✘No | ✘No | ✔Yes | ✘No | ✔Yes | ✘No | ✘No |
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 |
|---|---|---|---|---|---|---|---|---|---|
| XM | |||||||||
| AvaTrade | |||||||||
| Trade Nation | |||||||||
| IC | |||||||||
| FP Markets | |||||||||
| Plus500 |
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 |
|---|---|---|---|
| XM | ✘No | $5 | |
| AvaTrade | ✔Yes | $50 | |
| Trade Nation | ✔Yes | $0 | |
| IC | ✘No | $0 | |
| FP Markets | ✘No | $0 | |
| Plus500 | ✘No | $10 |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| XM | 3134 | ||||
| AvaTrade | 13590 | ||||
| Trade Nation | 2156 | ||||
| IC | 2 | ||||
| FP Markets | 10359 | ||||
| Plus500 | 20107 |
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 XM?
With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years.
Christian Harris, Reviewer
XM quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
- Regulator
- CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE
- Platforms
- MT4, MT5, TradingCentral
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, JPY, ZAR
Pros
- XM has rolled out platform upgrades with integrated TradingView charts and an XM AI assistant, delivering faster execution, smarter analysis, and a sleeker, more intuitive trading experience.
- XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
- XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.
Cons
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable solution for a more beginner-friendly user experience with unique features.
- While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
- XM is falling behind the curve by not offering cTrader, which is favored over MetaTrader by some serious traders for its smoother user experience and superior charting package.
Why Open An Islamic Account With AvaTrade?
AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets.
Jemma Grist, Reviewer
AvaTrade quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
- Regulator
- ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct)
- Platforms
- WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, ZAR
Pros
- Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.
- Years on, AvaTrade remains one of the few brokers offering a bespoke risk management tool, AvaProtect, that insures losses up to $1M for a fee and is easy to activate on the platform.
- The WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
Cons
- The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
- While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
Why Open An Islamic Account With Trade Nation?
Trade Nation suits discretionary traders who want to speculate on major indices like the US 500 or liquid FX pairs, and want the predictable all-in costs of fixed spreads. In tests, we found the fixed-spread TN Trader environment particularly useful for trading around scheduled economic releases owing to its reliable charting environment and because published spreads stayed capped.
Christian Harris, Reviewer
Trade Nation quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only)
- Regulator
- FCA, ASIC, CMVM , FSCA, SCB, FSA
- Platforms
- TN Trader, MT4, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.1 Lots
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK
Pros
- The broker expanded into Europe with regulated online trading services after securing authorization from Portugal's CVMV, boosting its safety protections for European residents.
- Trade Nation's 2026 partnership with Volt has sped up payments for Australian traders, who can now make instant deposits and withdrawals using PayID, with the faster payout capabilities planned for clients in the UK and EU.
- In testing of the TN Trader account under normal market conditions, fixed spreads held while fills were prompt on major forex pairs, with a slight drift in the entry level as price ticked between click and fill.
Cons
- There is no raw or ECN pricing tier, which are often prefered by day traders. No matter how much you deposit or trade, you use the same fixed (or variable on MT4) pricing as beginners, making it unsuitable for scalpers especially.
- Offshore SCB and FSA entities allow retail clients up to 1:200 and 1:500 leverage compared to 1:30 in regions like the UK, Europe and Australia, so an FSA client can have 16 times the exposure of a UK retail client on the same trade, but with less oversight and no compensation scheme.
- The 2–20% rebate scheme is closed to FCA, CMVM, and ASIC clients, meaning active day traders in these regions who would benefit from transaction rebates cannot claim them.
Why Open An Islamic Account With IC?
IC (formerly 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 quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
- Regulator
- ASIC, CySEC, FSA, SCB, CMA-Kenya
- Platforms
- MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
- Minimum Deposit
- $200
- Minimum Trade
- 0.01 Lots
- 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 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 prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
Cons
- Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
- Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
Why Open An Islamic Account With FP Markets?
FP Markets strikes an ideal balance between affordability and quality for active traders. They’ve managed to keep trading costs low while expanding their investment offering, charting tools, and research features, all while providing excellent support you can rely on for urgent trading queries.
Christian Harris, Reviewer
FP Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
- Regulator
- ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
- Platforms
- Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- FP Markets offers a superb selection of tradable assets, especially since expanding its suite of commodities and supporting over 10,000 stocks.
- FP Markets has integrated top-notch research tools from Trading Central and Autochartist, helping traders identify short-term opportunities based on chart patterns, indicators, and other technical factors.
- FP Markets delivers fast and dependable support, available 24/5 with average response times of less than 1 minute during testing.
Cons
- FP Markets trails the best MetaTrader brokers, despite offering a Trader's Toolbox on MT4, just 130 instruments are available, limiting opportunities for serious traders, especially compared to Pepperstone with its 1,300 assets.
- FP Markets’ Iress platform is only available to clients in Australia. It also primarily emphasizes stock trading over forex trading, and data fees can accumulate rapidly unless you're an active trader or maintain a high-balance account.
- While pricing in the Raw account is excellent, spreads in the Standard account trail the cheapest brokers with a 1.1-pip average spread on the EUR/USD compared to the 0.8-pip average at IC Markets.
Why Open An Islamic Account With Plus500?
Plus500 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources.
Christian Harris, Reviewer
Plus500 quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto
- Regulator
- FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI
- Platforms
- WebTrader, App
- Minimum Deposit
- $100
- Minimum Trade
- Variable
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, CZK
Pros
- In 2025 Plus500 added new share CFDs in emerging sectors like quantum computing and AI, offering opportunities in stocks like IonQ, Rigetti, Duolingo, and Carvana
- The broker offers low commission trading on a diverse range of markets, minimizing additional fees while appealing to established traders
- Plus500 has bolstered its suite of short-term trading products, including introducing VIX options with enhanced volatility and extended 24/5 hours trading on select stock and ETF CFDs, including SpaceX
Cons
- Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners
- Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited
- Algo trading and scalping are not supported, which may deter some day traders
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.