Best Islamic Trading Accounts
Compare the best Islamic trading accounts in Indonesia, including standalone Islamic accounts and others available without swap charges.
Brokers we recommend
Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.
AvaTrade.com is an award-winning online broker, in business since 2006. Trade CFDs on one of the widest possible range of instruments and asset classes, from Forex to ETFs and government bonds.
Comparison table
We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:
Overall | Markets | Trading environment | Deposits and withdrawals | Investor protection | Customer service | |
---|---|---|---|---|---|---|
FP Markets | 4.8 | 5.0 | 4.9 | 5.0 | 4.0 | 5.0 |
AvaTrade | 4.7 | 5.0 | 4.2 | 4.7 | 4.8 | 5.0 |
Forex (CFD) | Cryptos (CFD)* | Stocks (CFD) | Indices (CFD) | ETFs (CFD) | Metals (CFD) | Energy (CFD) | Commodities (CFD) | Bonds (CFD) | |
---|---|---|---|---|---|---|---|---|---|
FP Markets | 72 | 12 | 1000 | 16 | 46 | 17 | 4 | 5 | 2 |
AvaTrade | 55 | 14 | 612 | 23 | 31 | 9 | 10 | 7 | 2 |
MT4 | MT5 | TradingView | cTrader | Copy trading | |
---|---|---|---|---|---|
FP Markets | |||||
AvaTrade |
Bank transfer | Debit card | Credit card | NETELLER * | Skrill * | Broker to broker transfer | BTC (Bitcoin) | USDT (Tether) | |
---|---|---|---|---|---|---|---|---|
FP Markets | ||||||||
AvaTrade |
Australia | Cyprus (EU) | South Africa | St. Vincent & the Grenadines | UAE | |
---|---|---|---|---|---|
FP Markets | |||||
AvaTrade |
* Availability is subject to local laws and regulations.
Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.
Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com is a true ECN broker and accepts all trading styles without restrictions.
- Likes
- Flexible leverage up to 1:500.
- Trade over 1,000 financial instruments.
- Trade on MT4/5 or cTrader without restrictions.
- Copy trading service is available.
- Customer support is available 24/7.
- Dislikes
- No TradingView integration is available for now.
- No investor compensation fund in the event of bankruptcy.
We've traded through this broker's MT5 Raw account and can vouch for its low spreads and reliable trading environment. Its Raw account is designed for day traders and scalpers, and its Standard account will suit all others.
We also like the breadth of instruments available through its platform. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros and Aussie dollars. You can also go long or short on stocks and government bonds through over 40 ETFs.
Its free educational content also sets it apart from the competition. Fund your account to get access to trading signals from Trading Signal and Autochartist. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.
AvaTrade.com is an award-winning online broker, in business since 2006. Trade CFDs on one of the widest possible range of instruments and asset classes, from Forex to ETFs and government bonds.
- Likes
- Over 750 financial instruments on MT4/5.
- Get free daily trading signals.
- Easily copy professional traders.
- No fees on deposits or withdrawals.
- Get one-on-one assistance when you deposit US$1,000.
- Dislikes
- You cannot trade on raw spreads.
- Quarterly and annual inactivity fees.
The breadth of assets available to trade through its platform sets AvaTrade apart from the competition. You'll find over 750 instruments, including currencies, stocks, indices, ETFs (and leveraged ETFs), precious metals, commodities, cryptocurrencies, and government bonds.
AvaTrade supports the MT4 and MT5 platforms, available for Windows and iOS devices. Its web trading platform is sleek, with advanced charting tools. AvaTrade's spreads are competitive and fixed, which can provide a more predictable trading environment, well-suited for beginners.
Its customer service is excellent too. Every time a question has arisen, we've been able to speak to a customer support agent easily through a local telephone number. Our queries were resolved within minutes. AvaTrade support is available five days a week through various channels, including WhatsApp.
We hope this article has helped narrow your options and we would encourage you to create either a live or a demo account with each of these brokers, to see what they have to offer. If not, here are a few things to look for when searching for a Shariah-compliant broker:
- No interest on overnight positions (also called swap fees).
- No time limit placed on positions kept open overnight.
- No fees charged on positions kept open overnight.
- No additional charges (e.g. administrative fees).
- No spread-widening for Islamic accounts.
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About the author
I'm Stéphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.
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