Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.

Ranking

Best brokers with Islamic accounts 2026

Islamic accounts remove overnight interest (riba). The question that matters is how the broker replaces that revenue: a fixed administration fee per lot per night, wider spreads, or not at all. Some providers also limit swap-free status by time or by instrument.

Investor's country

Shows only brokers that accept clients from the selected country.

brokers rated: 17
Data as of: 30 Aug 2026

Islamic

The top 3 in detail

Why these three lead — derived from the criteria this category weights most heavily.

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

Pepperstone

Raw spreads and five platforms for traders who care about execution cost, not about owning the asset.

Ahead on Fees (4.6) and Safety & regulation (4.4) — together those two carry 54% of this category's weighting.

Razor all-in EUR/USD cost of about 0.8 pips - a 0.0 to 0.1 pip raw spread plus USD 3.50 per lot per side
No inactivity fee, no account-keeping fee and no account closure fee, confirmed on Pepperstone's own costs page
Five execution venues on one account: MT4, MT5, cTrader, TradingView and the in-house Pepperstone Platform
Three top-tier licences - FCA 684312, ASIC AFSL 414530 and BaFin 151148 - so most clients contract with a tier-1 supervised entity

Group index 82/100Protection depends on your legal entity

FCAASICBaFinCySEC+3

StocksETFsForexCFDsCryptoCommoditiesIndicesSpread betting+1

4,4

Category score

Overall score: 4.4 / 5

Strengths in this category

Fees30%

4,6

Safety & regulation24%

4,4

Trading platform20%

4,6

Product range14%

3,6

Stocks (per order): 0.1 %
Minimum deposit: US$10
EUR/USD spread: 0.8 pips

Open account Read review

Investing involves risk. Your capital is at risk.

XTB

The best trading platform in the commission-free bracket - xStation 5 is a professional workspace attached to a zero-commission share account.

4,3

Ahead on Trading platform (4.6) and Fees (4.2) — together those two carry 50% of this category's weighting.

xStation 5 is the best platform in the commission-free bracket - a real screener, market heat map, sentiment data, economic calendar and news in one workspace, on web, desktop and mobile with near-identical features.
Commission-free real stocks and ETFs up to EUR 100,000 of turnover per calendar month; above that only the excess is charged at 0.2% with a EUR 10 minimum.
No minimum deposit at all, plus fractional shares, so a monthly savings plan can start at almost any amount.

Group index 72/100Protection depends on your legal entity

FCAKNF+5

StocksETFsOptionsForexCFDs+3

Strengths in this category

Fees30%

4,2

Safety & regulation24%

4,2

Trading platform20%

4,6

Stocks (per order): Free
Minimum deposit: None
EUR/USD spread: 0.9 pips

Open account Read review

Investing involves risk. Your capital is at risk.

IC Markets

One of the cheapest routes to raw institutional FX pricing - as long as you check which entity you are signing with.

4,3

Ahead on Fees (4.7) and Trading platform (4.5) — together those two carry 50% of this category's weighting.

All-in EUR/USD cost of roughly 0.6 to 0.8 pips on Raw Spread - a 0.0 to 0.1 pip raw spread plus USD 3.50 per lot per side
Raw Pro at USD 1.50 per lot from a USD 5,000 balance and Raw Pro+ at USD 1.00 per lot from USD 100,000 - a real volume ladder rather than a marketing tier
No withdrawal fee of IC Markets' own across roughly nineteen funding methods, and at Raw Trading Ltd (ic.com) no inactivity fee and no minimum deposit on the Standard, Raw Spread and cTrader Raw accounts; EU clients deposit at least EUR 200 and can be charged an inactivity fee after six months without a trade

Group index 70/100Protection depends on your legal entity

ASICCySEC+4

StocksFuturesForexCFDsCrypto+4

Strengths in this category

Fees30%

4,7

Safety & regulation24%

3,9

Trading platform20%

4,5

Stocks (per order): 0.1 %
Minimum deposit: €200
EUR/USD spread: 0.8 pips

Open account Read review

Investing involves risk. Your capital is at risk.

Also worth a look

Rank 4 and below, ordered by category score.

ThinkMarkets

Raw-spread pricing, six licences and the best mobile app in the CFD category - held back by its withdrawal record.

4,1

Active FX tradersMobile-first tradersRaw-spread scalping

Stocks (per order): in the spread
Minimum deposit: None
EUR/USD spread: 1.1 pips

ThinkZero all-in EUR/USD cost of about 0.8 pips - raw spreads from 0.0 pips plus USD 3.50 per lot per side on forex and metals
Three top-tier licences - FCA 629628, ASIC AFSL 424700 and JFSA registration 0250 - alongside CySEC 215/13 and FSCA FSP 49835
75 percent of ThinkMarkets UK retail accounts lose money trading CFDs, and disclosures across the group's entities have ranged from roughly 68 percent to 89 percent

Group index 79/100Protection depends on your legal entity

FCAASIC+4

StocksETFsForexCFDsCrypto+3

Visit broker Read review

Admirals (Admiral Markets)

The rare CFD broker that also settles real shares — broad, well-priced and unusually forgiving about dormant accounts.

4,1

Real share investingMetaTrader usersLow-commission FX

Stocks (per order): US$0.02/share
Minimum deposit: €100
EUR/USD spread: 0.9 pips

Real share and ETF ownership through Invest.MT5 — roughly 4,800 listed companies and 200-plus ETFs from USD 0.02 per share with a USD 1.00 minimum, with no custody or platform fee.
Zero.MT5 prices FX from 0.0 pips plus commission starting at USD 3.00 per lot per side (USD 6.00 round turn), falling towards USD 1.80 per side at high volume.
Support is weekday office hours only, with no weekend desk — a genuine gap for anyone holding crypto CFDs over a Saturday.

Group index 72/100Protection depends on your legal entity

FCAASIC+5

StocksETFsForexCFDsCrypto+3

Visit broker Read review

Dukascopy Bank

A real Swiss bank running a real ECN — with a tariff sheet that punishes anyone who moves money often.

4,0

Experienced ECN and algorithmic FX tradersClients who want a bank, not a brokerSwiss and cross-border investors

Stocks (per order): 0.06 %
Minimum deposit: US$100
EUR/USD spread: 0.1 pips

Licensed by FINMA as both a bank and a securities firm — full Swiss banking supervision, capital requirements and audit obligations, not a CFD-broker permission
esisuisse depositor protection up to CHF 100,000 per client on cash balances, which is five times the EUR 20,000 investor compensation most EU brokers offer
Bank transfer withdrawals are priced per currency and rail — EUR 2.3 over SEPA up to EUR 20, USD 19 up to USD 35, and nominally much more in minor currencies such as HUF 5,500 or JPY 2,500 — and card withdrawals add EUR 1.5 plus 2.5%; cash movement is the single worst part of the tariff

Group index 82/100Protection depends on your legal entity

FINMAJFSA+1

StocksETFsForexCFDsCrypto+3

Visit broker Read review

ActivTrades

A twenty-five-year-old London CFD house that buys extra insurance for your money and charges nothing to hold it.

4,0

Safety-conscious CFD tradersMetaTrader and TradingView usersSmall starting balances

Stocks (per order): in the spread
Minimum deposit: None
EUR/USD spread: 1.0 pips

FCA licence 434413 held since 2005, plus a CMVM-regulated EU entity, an SCB entity and a Brazilian brokerage - one of the longest continuous track records in retail CFDs
Excess-of-loss cover at Lloyd's of London pays up to USD 1,000,000 per claimant on an insolvency - and it covers the offshore entities, which is where clients have no compensation scheme at all; UK clients have FSCS cover of GBP 85,000 instead
82 percent of ActivTrades retail accounts lose money on CFDs - the highest disclosed rate among the fourteen FCA-regulated CFD brokers surveyed by The Investors Centre in 2026, against a 69.9 percent mean

Group index 68/100Protection depends on your legal entity

FCACMVM+3

StocksETFsForexCFDsCrypto+4

Visit broker Read review

FP Markets

Twenty years of ASIC-regulated plumbing behind the widest platform choice in the CFD market.

4,0

DMA equity and futures CFD tradersTraders who want platform choiceActive forex traders

Stocks (per order): US$0.02/share
Minimum deposit: A$100
EUR/USD spread: 0.1 pips

Raw account at USD 3 per lot per side with EUR/USD measured at 0.1 pips and GBP/USD at 0.1 — competitive across the majors
The widest platform lineup in its peer group: MT4, MT5, cTrader, TradingView, Iress Trader/ViewPoint, Iress Investor and WebTrader on one account
No options of any kind — exchange-traded, OTC or CFD — so options traders need a second broker

Group index 68/100Protection depends on your legal entity

ASICCySEC+4

StocksETFsFuturesForexCFDs+5

Visit broker Read review

eToro

The most complete copy-trading product in Europe, wrapped in the simplest broker app - and paid for through conversion charges rather than commissions.

4,0

Copy tradingCrypto plus stocks in one accountFirst-time investors

USD 100,000 virtual — Demo account with USD 100,000 in virtual funds

Stocks (per order): US$1
Minimum deposit: US$50
FX conversion: 0.75 %

CopyTrader is the most mature copy-trading product in Europe: no separate fee on top of normal trading costs, a USD 200 minimum per copied trader, and up to 100 traders copied at once.
Nasdaq-listed since May 2025 under ETOR, which forces quarterly audited disclosure that most retail brokers never publish.
Currency conversion costs 0.75% each way between a European local-currency account and USD, before Club discounts whose size eToro's own pages state differently - for a broker whose core product is USD-denominated, that is the one number you most need.

Group index 91/100Protection depends on your legal entity

FCAASIC+6

StocksETFsForexCFDsCrypto+3

Visit broker Read review

Axi

A 2007-vintage Australian FX broker that has quietly become one of the better all-round CFD platforms — if you check which entity you sign with.

3,9

Active FX and CFD tradersCopy-trading followers and signal providersTraders chasing funded capital

Stocks (per order): in the spread
Minimum deposit: US$100
EUR/USD spread: 0.7 pips

Pro account at USD 4.50 round turn per standard lot on 0.0-pip spreads, available from a USD 100 minimum rather than a five-figure balance
Proprietary Axi Trading Platform covers 650+ markets with TradingView charting built in and true web-to-mobile position sync
Most international clients are booked with AxiTrader LLC in St Vincent and the Grenadines — no prudential supervision, no compensation scheme, and The Financial Commission rather than a regulator as escalation

Group index 71/100Protection depends on your legal entity

ASICFCA+2

StocksETFsForexCFDsCrypto+3

Visit broker Read review

FxPro

A platform-rich, FCA-regulated CFD broker aimed at algo traders and cTrader loyalists — priced in the middle, not at the bottom.

3,9

Algorithmic traderscTrader usersActive FX traders

Stocks (per order): in the spread
Minimum deposit: US$100
EUR/USD spread: 1.4 pips

FCA authorisation under firm reference 509956 with FSCS cover to GBP 85,000, plus a CySEC licence (078/07) for EU clients with EUR 20,000 ICF cover.
Five trading platforms — cTrader, MT4, MT5, TradingView and FxPro Edge — which is more genuine choice than almost any comparable CFD broker offers.
The Standard account is not cheap: EUR/USD averages around 1.4 pips with independent measurements running as high as 1.6, well above a raw-spread account's all-in cost.

Group index 75/100Protection depends on your legal entity

FCACySEC+2

ForexCFDsCryptoCommoditiesIndices

Visit broker Read review

Tickmill

A tight-spread MetaTrader broker that quietly turned into a futures and multi-asset shop.

3,9

Active forex and CFD tradersScalpers and Expert Advisor usersFutures traders wanting micro contracts

Stocks (per order): in the spread
Minimum deposit: US$100
EUR/USD spread: 0.1 pips

Raw account priced at USD 3 per lot per side with EUR/USD spreads measured at 0.1 pips — roughly USD 7 all-in per standard-lot round turn
No deposit fee, no withdrawal fee, and a currency conversion mark-up measured at about 0.01%, an order of magnitude below typical retail brokers
The entire retail offering runs on MetaTrader 4 and 5 — dated design, a thin news feed, and no two-step or biometric login on the mobile app

Group index 70/100Protection depends on your legal entity

FCACySEC+3

StocksETFsOptionsFuturesForex+6

Visit broker Read review

AvaTrade

A heavily licensed, fixed-spread CFD house built for beginners and copy traders — and unusually expensive if you go quiet.

3,9

BeginnersCopy tradingFX options

Stocks (per order): in the spread
Minimum deposit: US$100
EUR/USD spread: 0.9 pips

Nine regulated entities, from Ireland and Cyprus to Japan, South Africa and Kenya, with the EU book run from Ireland under Central Bank of Ireland reference C53877 and Investor Compensation Company cover of 90% of losses up to EUR 20,000.
Fixed spreads from 0.9 pips on EUR/USD mean the cost per trade does not blow out during news — a real advantage over variable-spread rivals when liquidity thins.
Dormancy is punitive: USD 50 charged quarterly after just three consecutive months without a trade, plus a USD 100 annual administration fee after twelve months. Most competitors wait six to twenty-four months.

Group index 71/100Protection depends on your legal entity

CBIASIC+7

OptionsForexCFDsCryptoCommodities+2

Visit broker Read review

Exness

Institutional-grade pricing and instant withdrawals, wrapped in an offshore licence that carries no compensation scheme.

3,8

High-frequency FX tradersCost-sensitive scalpingInstant withdrawals

Stocks (per order): in the spread
Minimum deposit: US$10
EUR/USD spread: 1.0 pips

Raw Spread account prices majors at 0.0 pips for up to USD 3.50 per lot per side, and the Zero account starts from USD 0.20 per side on 30 headline instruments
Automated withdrawals process 24/7 and are typically instant back to the original method, with no Exness-side fee in either direction
The retail entity is Exness (SC) Ltd under the Seychelles FSA (SD025) — a tier-3 licence with no investor compensation scheme behind it

Group index 74/100Protection depends on your legal entity

FCACySEC+4

StocksForexCFDsCryptoCommodities+1

Visit broker Read review

BlackBull Markets

A New Zealand ECN broker with excellent platforms, real institutional plumbing — and no investor compensation anywhere.

3,7

Active forex and CFD traderscTrader and TradingView usersCopy traders

Stocks (per order): US$0.02/share
Minimum deposit: None
EUR/USD spread: 1.16 pips

No minimum deposit at all — every account tier including Prime opens from USD 0
Prime pricing of USD 3.00 per lot per side with EUR/USD averaging 0.16 pips — about USD 7.60 all-in on a standard-lot round turn
No investor compensation scheme under either entity — New Zealand has none and the Seychelles has none, so segregation is the only protection if the firm fails

Group index 73/100Protection depends on your legal entity

FMAFSA

StocksETFsOptionsFuturesForex+6

Visit broker Read review

Quick comparison

The numbers that decide this category, side by side. Scroll right on narrow screens for every column.

Best brokers with Islamic accounts — Quick comparison
Broker	Category	Overall	Fees30 %	Safety & regulation24 %	Trading platform20 %	Stocks (per order)	Minimum deposit	Regulation	Action
1Pepperstone	4,4	4.4	4.6	4.4	4.6	0.1 %	US$10	FCAASIC+5	Visit broker
2XTB	4,3	4.3	4.2	4.2	4.6	Free	None	FCAKNF+5	Visit broker
3IC Markets	4,3	4.2	4.7	3.9	4.5	0.1 %	€200	ASICCySEC+4	Visit broker
4ThinkMarkets	4,2	4.1	4.4	4.1	4.3	in the spread	None	FCAASIC+4	Visit broker
5Admirals (Admiral Markets)	4,1	4.1	4.1	4.1	4.2	US$0.02/share	€100	FCAASIC+5	Visit broker
6Dukascopy Bank	4,1	4.0	3.4	4.8	4.6	0.06 %	US$100	FINMAJFSA+1	Visit broker
7ActivTrades	4,0	4.0	3.9	4.2	4.2	in the spread	None	FCACMVM+3	Visit broker
8FP Markets	4,0	4.0	4.4	3.8	3.9	US$0.02/share	A$100	ASICCySEC+4	Visit broker

Our methodology

How we build this ranking

No editorial gut feeling — a published calculation. This category shifts the weights of our rating model towards what its audience actually needs.

Weighting in this category

17 brokers rated

The pale tick marks the weight in the general Brokaro model.

Category weight
Base model

The formula

The category score is 70% the category-specific weighting and 30% the general overall score. A strong all-rounder therefore does not drop out simply because it fails to lead one single criterion.

Category score = 0.7 × Σ(w_i × s_i) + 0.3 × Overall score

Full methodology

Requirements to be listed

No pre-filter: every broker we assigned to this category is rated.

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Availability, regulation and tax treatment differ with your residency.

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All brokers in this category

Best brokers with Islamic accounts 2026

Investor's country

Shows only brokers that accept clients from the selected country.

brokers rated: 17
Data as of: 30 Aug 2026

Broker