Halal Trading

With Islam the second-largest religion in the UK, investors are increasingly interested in whether online trading is Halal or Haram. To answer that question, we breakdown Halal trading principles across forex, stocks, CFDs and cryptos. We also look at the best trading platforms and accounts for Islamic traders.

Please note this site is not a religious authority on the subject of Islamic trading. To be certain your trading activities are Halal, we recommend consulting with a religious authority that can consider individual circumstances.

Islamic Trading Accounts

Filter Brokers
Found 113 Brokers
Review
Leading forex and CFD broker regulated in Ireland, Australia, Canada and South Africa. Avatrade are particularly strong in integration, including MT4
Demo Account
Yes
Regulated By
CBoI, ASIC, FSB
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$1
Bonus
None
Review
XTB is one of the largest stock exchange-listed FX & CFD brokers in the world, offering access to over 2000 instruments from two platforms: its own award-winning xStation 5 and the traditional MT4.
Demo Account
Yes
Regulated By
FCA, CySEC, IFSC, KNF
MT4 Integration
Yes
Min. Deposit
No Minimum
Min. Trade
0.01 Lots
Bonus
None
Review
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
No
Min. Deposit
$200 ($50 in US)
Min. Trade
$1
Bonus
None
Review
BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.
Demo Account
Yes
Regulated By
CySec, FSC, FSA
MT4 Integration
Yes
Min. Deposit
100 $/€/£
Min. Trade
0.01 Lots
Bonus
None
Review
XM.com Offer a range of Account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service.
Demo Account
Yes
Regulated By
FCA, IFSC, CySec, ASIC
MT4 Integration
Yes
Min. Deposit
5 $/€/£
Min. Trade
0.01 Micro lots
Bonus
None
Review
Markets.com offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies.
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, FSCA, FSC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Bonus
None
Review
Trade Forex on 0.0 pip spreads with the world's leading True ECN forex broker - IC Markets.
Demo Account
Yes
Regulated By
ASIC, CySec, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Bonus
None
Review
easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
Varies by asset
Bonus
None
Review
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
Demo Account
Yes
Regulated By
CySEC, FCA, VFSC, NBRB
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
FXTM is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader.
Demo Account
Yes
Regulated By
CySec, FCA and FSC of the Republic of Mauritius
MT4 Integration
Yes
Min. Deposit
From $10
Min. Trade
0.01 lots
Bonus
None
Review
Trade forex CFDs from 0.0 spreads with Vantage FX. Clients can access popular forex pairs like GBP/USD, EUR/USD and AUD/USD from 0.0 spreads with a flat $2 per lot commission on our RAW account.
Demo Account
Yes
Regulated By
ASIC, FCA, CIMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Bonus
None
Review
RoboForex is a multi-asset online broker offering powerful trading aides.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Bonus
None
Review
FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
FXCC is a highly regulated and trustworthy MT4 trading broker.
Demo Account
Yes
Regulated By
CySEC, FCA
MT4 Integration
Yes
Min. Deposit
No Minimum
Min. Trade
0.01 lots
Bonus
None
Review
Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.
Demo Account
Yes
Regulated By
CySec, FCA, SCB
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 Lots
Bonus
None
Review
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
Demo Account
Yes
Regulated By
Danish FSA, FCA and Others
MT4 Integration
No
Min. Deposit
£500
Min. Trade
Vary by asset
Bonus
None
Review
ROInvesting is an online CFD broker regulated by the CySEC.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Bonus
None
Review
ThinkMarkets is a multi-regulated forex and CFD broker
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA
MT4 Integration
Yes
Min. Deposit
No minimum
Min. Trade
0.01 lots
Bonus
None
Review
Dukascopy is a Swiss-based forex, CFD, and binary options broker
Demo Account
Yes
Regulated By
FINMA, FCMC, JFSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
Instaforex provide Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
€1 to €1000 (Account choice dependent)
Min. Trade
0.01 Lots
Bonus
None
Review
Spectre.ai is a blockchain-based binary options broker
Demo Account
Yes
Regulated By
St. Vincent and the Grenadines
MT4 Integration
No
Min. Deposit
No minimum
Min. Trade
$1
Bonus
None
Review
NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading. Open account from just $10.
Demo Account
Yes
Regulated By
VFSC, CySec
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
$1
Bonus
None
Review
LBLV is a MT5 broker offering trading in FX & CFDs.
Demo Account
Yes
Regulated By
FSA (Seychelles)
MT4 Integration
No
Min. Deposit
$5,000
Min. Trade
0.01 lots
Bonus
None
Review
AGEA is a regulated forex & CFD broker offering multiple trading platforms and account types.
Demo Account
Yes
Regulated By
Commission for Capital Markets
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Bonus
None
Review
Lightspeed is a broker for high-volume traders offering advanced platforms & tools.
Demo Account
Yes
Regulated By
FINRA, NFA
MT4 Integration
No
Min. Deposit
$10,000
Min. Trade
Variable
Bonus
None
Review
Equiti is a global forex & CFD broker offering a proprietary webtrader platform & MT4.
Demo Account
Yes
Regulated By
FCA, JSC, DMCC, SCA, CMA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide
Demo Account
Yes
Regulated By
CySEC, FCA, BVI
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
Squared Financial is a CySEC-regulated forex & CFD broker
Demo Account
Yes
Regulated By
CySEC, FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
XGlobal Markets offers online trading in forex and CFDs through the industry-renowned MT5 platform.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
Varianse is an online broker offering unique instruments and powerful analysis tools.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Demo Account
Yes
Regulated By
FCA, ASIC, CySEC, NBRB, IIROC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
FortFS is a multi-asset trading broker offering a range of tools & resources.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$5
Min. Trade
0.01 lots
Bonus
None
Review
FP Markets is a multi-asset broker offering a choice of trading platforms.
Demo Account
Yes
Regulated By
ASIC, CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
12Trader is a regulated online broker offering trading in forex & CFDs.
Demo Account
Yes
Regulated By
CySEC, VFSC
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
IronFX offers online trading in forex, stocks, futures, commodities and cryptocurrencies
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, FSB
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
TeraFX is a regulated forex broker offering MT4 desktop & mobile trading.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
Trade on the financial markets with low cost, leveraged products at HYCM.
Demo Account
Yes
Regulated By
FCA, DFSA, CIMA, CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
Hantec Markets is an online FX broker offering MT4 & trading competitions.
Demo Account
Yes
Regulated By
FCA, ASIC, FSC, FMA, FSA, CGSE, JSC
MT4 Integration
Yes
Min. Deposit
No minimum
Min. Trade
0.01 lots
Bonus
None
Review
Noble Trading is an FX & CFD broker offering multiple deposit & payment options.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
TusarFX is a MT4 multi-asset broker offering bonuses & high leverage rates.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Bonus
None
Review
TradeTime is an FX broker also offering trading in stocks, commodities, & Bitcoin.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
TrioMarkets is a CySEC-regulated online ECN trading broker.
Demo Account
Yes
Regulated By
CySEC, FSC (Mauritius)
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
GCI offers online trading in 300+ tradable assets with up to 1:400 leverage.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
Finexo is a multi-asset online broker regulated by the CySEC.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
Tickmill is FCA & CySEC regulated and offers trading in CFDs, FX and commodities.
Demo Account
Yes
Regulated By
FCA, CySEC, FSA, LFSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
101investing.com is a CFD broker providing access to a range of financial markets.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Bonus
None
Review
GKFX is an MT4 trading broker offering a suite of financial instruments & tools.
Demo Account
Yes
Regulated By
MFSA
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
0.01 lots
Bonus
None
Review
Juno Markets is a regulated forex broker offering the MT4 trading platform.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
Grand Capital is an MT4 retail trading broker offering multiple bonuses.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Bonus
None
Review
FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.
Demo Account
Yes
Regulated By
FCA, ASIC
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Bonus
None
Review
Corsa Capital is a binary options broker offering a proprietary trading platform.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$1
Min. Trade
$0.1
Bonus
None
Review
Land FX is a trusted global FX & CFD trading broker offering the MT4 & MT5 platforms.
Demo Account
Yes
Regulated By
FCA, FSA
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Bonus
None
Review
Alvexo is a CySEC-regulated MT4 forex & CFD broker.
Demo Account
Yes
Regulated By
CySEC, FSA
MT4 Integration
Yes
Min. Deposit
500 EUR/USD
Min. Trade
0.01 lots
Bonus
None
Review
AAAFx offers automated and copy platforms for forex and CFD trading.
Demo Account
Yes
Regulated By
HCMC (Greece), FSA (St Vincent & Grenadines)
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Bonus
None
Review
CMSTrader offers multi-asset trading with fast payment speeds & useful features.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
TP Global FX offers a long list of popular financial assets with spreads from 0.1 pips.
Demo Account
Yes
Regulated By
SVG FSA, NFA, CAMA Nigeria
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Bonus
None
Review
NicoFX facilitates trading in forex and precious metals under CySEC regulation.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
PaxForex is an offshore broker offering $10 minimum deposits & MT4 trading.
Demo Account
Yes
Regulated By
FSA
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.0001 lots
Bonus
None
Review
Atiora offers forex & CFD trading with easy-access $1 minimum deposit accounts.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Bonus
None
Review
Windsor Brokers offers MT4 trading on forex, stocks, commodities and more.
Demo Account
Yes
Regulated By
CySEC (Cyprus), IFSC (Belize), JSC (Jordan)
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
WH SelfInvest facilitates multi-asset trading through web & downloadable platforms.
Demo Account
Yes
Regulated By
BaFin, CSSF, FSMA, AFM
MT4 Integration
Yes
Min. Deposit
€500
Min. Trade
0.01 lots
Bonus
None
Review
Trade forex and CFDs with 1:30 leverage and advanced trading tools.
Demo Account
Yes
Regulated By
FCA, CIMA
MT4 Integration
No
Min. Deposit
$5,000
Min. Trade
0.01 lots
Bonus
None
Review
CGS-CIMB is a Singapore-based trading broker offering futures, FX, CFDs & bonds.
Demo Account
Yes
Regulated By
MAS
MT4 Integration
Yes
Min. Deposit
100 SGD
Min. Trade
0.01 lots
Bonus
None
Review
BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.
Demo Account
Yes
Regulated By
FMA, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Bonus
None
Review
4xCube is a MetaTrader forex broker registered and licensed in the Cook Islands.
Demo Account
Yes
Regulated By
FSC Cook Islands
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Bonus
None
Review
ArgusFX is a Cyprus-based broker offering MT4 trading from a sleek client portal.
Demo Account
No
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
No minimum
Min. Trade
0.01 lots
Bonus
None
Review
ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
Amana Capital is a leading retail broker offering deposit bonuses and MT4 trading.
Demo Account
Yes
Regulated By
FCA, DFSA, CySEC, CMA, LFSA, FSC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Bonus
None
Review
ADSS is a regulated forex broker offering $100 minimum deposits & 1:500 leverage.
Demo Account
Yes
Regulated By
Central Bank of the UAE, FCA, SFC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
FxGlory offers leveraged trading in forex and commodities through the MT4 desktop and mobile platform.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Bonus
None
Review
Trade forex and CFDs with rich trading tools and real-time market data.
Demo Account
Yes
Regulated By
FSA Seychelles
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
Capex offers a portfolio of trading products and leading investing tools.
Demo Account
Yes
Regulated By
CySEC, FSCA, ADGM
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
Smart Prime FX is an offshore broker offering live, MAM and PAMM accounts.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$25,000
Min. Trade
0.01 lots
Bonus
None
Review
IFC Markets is a top broker offering the bespoke NetTradeX plus MT4 & MT5.
Demo Account
Yes
Regulated By
BVI FSC, Labuan Financial Services Authority
MT4 Integration
Yes
Min. Deposit
1 USD / 1 EUR / 100 JPY
Min. Trade
0.01 lots
Bonus
None
Review
NBH Markets offers 60+ assets with floating spreads and a suite of tools.
Demo Account
Yes
Regulated By
St. Vincent and the Grenadines FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
ICM Capitals offers ultra-low spreads on FX, CFDs and futures via the MT4 platform.
Demo Account
Yes
Regulated By
FCA, SVGFSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Bonus
None
Review
Tradeview is based in the Cayman Islands and offers four leading trading platforms and 100+ financial instruments.
Demo Account
Yes
Regulated By
CIMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading.
Demo Account
Yes
Regulated By
ASIC, BaFin, FMA, CNMV, DFSA, FSC, CIMA
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.1 lots
Bonus
None
Review
M4Markets is a forex broker offering deposit bonuses with MT4 & MT5 tools.
Demo Account
Yes
Regulated By
Financial Services Authority (FSA)
MT4 Integration
Yes
Min. Deposit
$5
Min. Trade
0.01 lots
Bonus
None
Review
NSFX delivers tight spreads across FX and CFDs on the JForex & MT4 platforms.
Demo Account
Yes
Regulated By
MFSA
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Bonus
None
Review
ForexMart is an EU-regulated broker offering MT4 trading on stocks, FX and cryptos.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
1 EUR/USD
Min. Trade
0.01 lots
Bonus
None
Review
Blackwell Global offers seamless online trading in forex, stocks & cryptos.
Demo Account
Yes
Regulated By
FCA, CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Bonus
None
Review
Uptos offers multiple trading assets, payment options and the MT5 platform.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Bonus
None
Review
Trade Q8 is an online broker in the MENA region offering forex & multi-asset trading.
Demo Account
Yes
Regulated By
FSA (Seychelles)
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Bonus
None
Review
FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
Demo Account
Yes
Regulated By
CySEC, IFSC
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Bonus
None
Review
Colmex Pro is a top retail trading provider offering competitive pricing.
Demo Account
Yes
Regulated By
CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
Orbex is a trusted forex broker offering several accounts & the MT4 platform.
Demo Account
Yes
Regulated By
CySEC, BaFin, FSC (Mauritius)
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Bonus
None
Review
FCMarket offers forex, stocks and commodities trading on a choice of live accounts.
Demo Account
Yes
Regulated By
SVG FSA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
House of Borse offers trading in over 200 financial instruments on MT4 and MT5.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$5,000
Min. Trade
0.01 lots
Bonus
None
Review
Trade forex, CFDs and futures with leading tools and low minimum deposits.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
AMarkets offers a suite of tools and trading products on the MT4 & MT5 platforms.
Demo Account
Yes
Regulated By
FSA SVG
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Bonus
None
Review
FXDD offers online trading in six major asset classes on the MT4, MT5 and WebTrader platforms.
Demo Account
Yes
Regulated By
Malta Financial Services Authority (MFSA), Mauritius Financial Services Commission (MFSC)
MT4 Integration
Yes
Min. Deposit
$/£1
Min. Trade
0.01 lots
Bonus
None
Review
FIBO Group is a dual-licensed forex broker offering multiple trading platforms.
Demo Account
Yes
Regulated By
CySEC, FSC BVI
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Bonus
None
Review
Start trading forex and CFD products on the MetaTrader 4 platform at Finotrade.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Bonus
None
Review
KLMFX offers traditional assets and markets on the MetaTrader 5 platform.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Bonus
None
Review
TeleTrade offers ECN accounts with tight spreads & powerful trading platforms.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
100 EUR/USD
Min. Trade
0.01 lots
Bonus
None
Review
EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Bonus
None
Review
Swissquote is an FCA-regulated FX & CFD broker offering 160+ trading products.
Demo Account
Yes
Regulated By
FCA, FINMA
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Bonus
None
Review
Trade12 offers multi-asset trading with tiered account levels to suit different needs.
Demo Account
No
Regulated By
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Bonus
None
Review
SynergyFX is an Australian broker offering ECN accounts & the MetaTrader platforms.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Bonus
None
Review
TIO Markets offers 120 instruments, MetaTrader platforms & PAMM accounts.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Bonus
None
Review
Larson & Holz offer desktop & mobile trading on FX and CFDs via the MT5 platform.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Bonus
None
Review
Moneta Markets is a regulated FX & CFD broker offering a proprietary web platform.
Demo Account
Yes
Regulated By
CIMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Bonus
None
Review
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$20
Min. Trade
0.01 lots
Bonus
None
Review
Mega Trader FX is a multi-asset broker offering 1:500 leverage and deposit bonuses.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
None
Min. Trade
0.01 lots
Bonus
None
Review
EZ Invest is a CySEC-licensed broker offering trading on the financial markets.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Bonus
None
Review
Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
Demo Account
Yes
Regulated By
HCMC
MT4 Integration
Yes
Min. Deposit
$1 to $300 (Broker choice dependent)
Min. Trade
$1
Bonus
None
Review
Fondex is an award-winning forex and CFD broker with industry low trading costs
Demo Account
Yes
Regulated By
FSA, CySEC
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 lots
Bonus
None
Review
Alpari offer forex and CFD trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.
Demo Account
Yes
Regulated By
FSC of Maritius
MT4 Integration
Yes
Min. Deposit
From $/£/€ 5
Min. Trade
0.01 Lots
Bonus
None
Review
EverFX is an online broker offering trading in forex, stocks, cryptos and commodities.
Demo Account
Yes
Regulated By
CySEC, FSA, CIMA
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Bonus
None
Review
Trade360 offers multiple financial instruments and a live trader sentiment feed.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Bonus
None

What Is Halal Trading?

To operate within the parameters of Islamic law, four principles need to be followed:

  1. You must not pay or receive interest (Riba)
  2. Transactions must be immediate (‘hand to hand’)
  3. You must not gamble (Gharar)
  4. Dispensation of risk and reward

Is trading halal or haram?Is trading Halal or Haram?

1. Riba

Whether trading currencies, stocks or cryptos, many brokers offer leverage. This is essentially a loan used by traders to increase position sizes and associated profits. For example, you deposit £10 and your broker loans you 30x that so you can trade with £300. However, many scholars consider margin trading Haram as brokers make a profit on the borrowed amount, which is considered a form of interest.

In response, many Islamic-friendly brokers now offer interest-free (swap-free) accounts. Instead of charging overnight interest on loans, brokers increase commission charges. While still debated in some academic circles, for many, this alleviates Riba concerns.

2. Hand To Hand

Another obstacle when it comes to answering whether investing in the financial markets is Halal or Haram is the question of hand to hand exchanges. Trading is considered Halal if exchanges are settled immediately and face to face. This is in line with the daily need to exchange commodities, such as grain, for thousands of years. Of course, technology means that exchanges can now be made online. But does that make trading forex, for example, Haram?

Many scholars are content that if agreements are made solely between a broker and trader and executed in the same session, then the hand to hand principle is satisfied. Intraday trading XAUUSD, for example, could be permissible. With that said, long-term investing using binary options with expiries in the future may be considered Halal, as they are not settled immediately.

3. Gambling

It is generally accepted that gambling is Haram. However, some scholars are comfortable with trading currency, stocks or cryptos if the objective is to generate profits and investments are grounded in analysis versus guesswork. Rather than wild speculation, a careful and considered approach to online day trading may be considered Halal. With this in mind, it’s important to open an account with a broker that offers comprehensive market analysis tools.

4. Risk & Reward

Another consideration is the risk and reward of trades. In particular, Islamic laws and principles highlight the issue of shared risk. This issue is governed by principles such as Bai al inah (sale and repurchase), Bai muajjjal (credit sale), Bai salam, Mudarabah (profit sharing), and Bai bithaman ajil (sale with deferred payment).

Fortunately, if we take forex trading as an example, we can see that if the market moves in your favour, you may see a profit. However, if exchange rates move against you, then your investment may lose money. In effect, you are sharing both risk and reward.

Islamic Accounts

Islamic trading accounts are available at many top brokers. Carefully adapted, these online trading accounts aim to comply with Islamic law. Firstly, they aim to remove interest charges for positions held open overnight. Additionally, they remove any interest charges which may conflict with Riba. Finally, Halal trading accounts offer immediate executions. By removing settlement delays, they endeavour to comply with the hand to hand principle.

Islamic account opening requirements are similar to standard trading accounts and may require proof identity and residency.

Pros Of Halal Trading

  • May provide access to the financial markets without breaching religious reliefs
  • Trading on forex, stocks and cryptos is available without high swap rates and rollover charges
  • Islamic traders can invest on the same leading online trading platforms offered with standard accounts

Cons Of Halal Trading

  • Traders may encounter increased commissions and wider spreads to compensate for zero swap rates
  • Some trading instruments, such as futures, may not comply with Islamic investing principles

Is Online Trading Halal Or Haram?

Investing in the financial markets often leads to debate within Islamic trading circles. Many of the best Halal brokers today offer what they consider to be Islamic friendly trading accounts, platforms and apps. With that said, it’s always worth doing your own research and consulting a religious authority for guidance on individual circumstances.

This article does provide religious guidance. Instead, we have collated multiple viewpoints which we have presented for our readers’ consideration.

FAQs

Is Stock Trading Halal Or Haram?

Trading stocks and shares may be permissible under Islamic law. This is because you are owning part of the business. The key concern is whether the activities of that company comply with Islamic law. For example, investing in companies dealing in alcohol, tobacco, gambling, insurance, and nightclubs would be considered Haram. Alternatively, firms operating in shipping, clothing, real estate and medical supplies are considered ‘clean’ companies.

Is Trading Futures & Options Halal Or Haram?

Futures contracts are typically considered Haram as trades are deferred and not executed immediately. Transactions may not comply with Islamic finance principles as they can involve interest, uncertainty, gambling, and speculation. Similarly, the speculative nature of options trading with no shared risk or reward is considered Haram in many circles. With that said, some believe that if accounts remove interest charges and traders take investing seriously, then it may be Halal.

Is Trading Commodities Halal Or Haram?

Many Islamic forums agree commodity trading is Halal if price and quantity are identical i.e. of equal weight. If commodity classes differ such as trading gold for silver, payment must be made hand to hand to comply with Islamic law. Extended periods between contract and delivery may breach Riba and be considered Haram.

Is Forex Trading Halal Hanafi?

Forex trading is generally considered to be Halal if certain principles are followed. These include the immediate settlement of transactions, lending itself to intraday trading strategies, as well as investing without interest payments and taking a considered approach to the market rather than speculative gambling. Consult your religious authority if you have additional questions.

Is Trading Bitcoin Halal Or Haram?

Scholars are undecided on whether investing in cryptos such as Bitcoin is Halal or Haram. Many feel the speculative gambling nature makes Bitcoin trading Haram. Others believe that with the right account conditions, such as zero swaps and intraday settlements, investing in the digital coin may be Halal.

Is Trading 212 Halal Or Haram?

Currently, the broker does not offer an Islamic trading account. With that said, the brokerage does offer an account with zero leverage and interest that includes Halal ETFs. See our review of the broker before you open an account. You can also contact the broker’s customer support team if you have any questions.

Is Trading Halal In Islam?

Trading may be Halal if Islamic finance principles are followed. Many brokers offer Islamic accounts that respect religious values when investing. With that said, you should speak to your religious leader if you have any questions or require further guidance.