Sharia Compliant Brokers that Offer Islamic Accounts

Beginner traders should use a good trading platform which is free, and start small. Additionally, it is important to find a broker that provides the benefit of no swap (interest free) trading for those complying with their religious beliefs. On top of that, no additional commissions or fees should be imposed upon your interest-free trades. Some brokers that provide interest-free accounts cover this benefit by charging exorbitant fees or commissions, diluting this so-called benefit.

Meta Trader is one of the best trading platform in the market, making it possible for traders to draw important tools to make better trading decisions. It's provided free, all you have to do is register for it during installation, and you're ready to go.

Marketiva offers its Streamster, a free and simple interface trading platform. Some traders open up a small account with Marketiva and download meta trader to utilize its technology for trading in Marketiva. They get the best of both worlds.

Most traders trade with a few accounts, sometimes using different accounts for different strategies (scalping, short term or long term, utilizing expert advisors, etc). Take note that the Marketiva platform does not allow for robot or auto-trading with expert advisors, but Meta Trader does. So to utilize auto-trading (leaving the platform to trade for you on its own), you need to install Meta Trader.

Download and try out the different platforms by clicking the broker's links below. They offer islamic or swap-free accounts without the additional commission, with a choice of account types and platforms that best suit your needs.

Shariah Compliant Brokers ->