Sharia-first · swap-free trading
The independent guide to forex brokers for the Arab world
Honest, regulation-checked broker reviews and swap-free (Islamic) account comparisons — in Arabic and English. We are not a broker; we help you choose one safely.
- 14
- brokers reviewed
- 9
- swap-free options
- 4
- Arab markets covered
- Independent Brokers can't pay for ranking
- Regulation-checked DFSA · FCA · ASIC · CySEC
- Swap-free flagged Sharia-compliant accounts marked
Start here
Which broker is right for you?
I need a Sharia-compliant account
Swap-free (Islamic) accounts with no overnight interest — flagged on every broker.
Swap-free brokers →I want a regulated broker
We only list brokers verifiable on a real register — DFSA, FCA, ASIC, CySEC.
Compare regulation →I'm trading from a specific country
The honest regulatory picture for your market, plus a local shortlist.
Choose your country →Compare
Forex brokers at a glance
Independently selected and regulation-checked. Swap-free (Islamic) accounts are flagged. We do not publish star ratings until a hands-on review is complete.
Editor's pickFCACySECFSCA
Exness
Est.2008 · Exness Partners
Why it's our #1
Exness is our #1 pick because it pairs the deepest MENA track record of any broker we cover (established 2008) with a genuinely swap-free Islamic account and four real, searchable regulatory licences (FCA, CySEC, FSCA, Seychelles FSA) — plus a strong regional reputation for fast, often automatic withdrawals. It is not DFSA-regulated, so a UAE trader who specifically wants a Dubai-licensed entity should still compare it against Pepperstone or FP Markets; confirm which Exness entity actually serves your country before you deposit.
- Platforms:
- MT4 · MT5 · Exness Terminal
Quick picks
| Broker | Regulation | Islamic account | Platforms | Actions |
|---|---|---|---|---|
| Exness Est. 2008 | FCACySECFSCA | Swap-free | MT4 · MT5 · Exness Terminal | |
| XM Est. 2009 | CySECASICFSC | Swap-free | MT4 · MT5 · XM App | |
| Pepperstone Est. 2010 | DFSAASICFCA | Swap-free | MT4 · MT5 · cTrader | |
| FP Markets Est. 2005 | DFSAASICCySEC | Swap-free | MT4 · MT5 · cTrader | |
| IC Markets Est. 2007 | ASICCySECFSA | Swap-free | MT4 · MT5 · cTrader | |
| AvaTrade Est. 2006 | CBIASICFSCA | Swap-free | MT4 · MT5 · AvaTradeGO | |
| ADSS Est. 2011 | FSRAFCA | Swap-free | MT4 · ADSS Platform | |
| EFG Hermes Est. 1984 | CMAFCA | Check | EFG Hermes One | |
| OANDA Est. 1996 | FCAASICCFTC | Check | MT4 · MT5 · OANDA Trade | |
| CMC Markets Est. 1989 | FCAASICMAS | Check | Next Generation · MT4 | |
| IG Markets Est. 1974 | FCAASICMAS | Check | IG Platform · MT4 · ProRealTime | |
| Saxo Bank Est. 1992 | FSAMASASIC | Check | SaxoTraderGO · SaxoTraderPRO · OpenAPI | |
| Admirals Est. 2001 | FCACySECASIC | Swap-free | MT4 · MT5 · MetaTrader Supreme Edition | |
| Capital.com Est. 2016 | FCACySECASIC | Swap-free | Capital.com App · MT4 · TradingView |
Exness Est. 2008
Swap-free - Regulation
- FCACySECFSCA
- Platforms
- MT4 · MT5 · Exness Terminal
Pepperstone Est. 2010
Swap-free - Regulation
- DFSAASICFCA
- Platforms
- MT4 · MT5 · cTrader
FP Markets Est. 2005
Swap-free - Regulation
- DFSAASICCySEC
- Platforms
- MT4 · MT5 · cTrader
IC Markets Est. 2007
Swap-free - Regulation
- ASICCySECFSA
- Platforms
- MT4 · MT5 · cTrader
AvaTrade Est. 2006
Swap-free - Regulation
- CBIASICFSCA
- Platforms
- MT4 · MT5 · AvaTradeGO
IG Markets Est. 1974
- Regulation
- FCAASICMAS
- Platforms
- IG Platform · MT4 · ProRealTime
Saxo Bank Est. 1992
- Regulation
- FSAMASASIC
- Platforms
- SaxoTraderGO · SaxoTraderPRO · OpenAPI
Admirals Est. 2001
Swap-free - Regulation
- FCACySECASIC
- Platforms
- MT4 · MT5 · MetaTrader Supreme Edition
Capital.com Est. 2016
Swap-free - Regulation
- FCACySECASIC
- Platforms
- Capital.com App · MT4 · TradingView
Reviews
Featured brokers
Exness
Islamic account Est. 2008 · Exness Partners
FCAUnited KingdomCySECCyprusFSCASouth AfricaFSASeychelles
Founded in 2008, Exness is a large global broker popular across MENA, known for fast/automatic withdrawals and swap-free Islamic accounts. Holds multiple regulatory licences; verify the entity that serves your country.
Our verdict
Exness is our #1 pick because it pairs the deepest MENA track record of any broker we cover (established 2008) with a genuinely swap-free Islamic account and four real, searchable regulatory licences (FCA, CySEC, FSCA, Seychelles FSA) — plus a strong regional reputation for fast, often automatic withdrawals. It is not DFSA-regulated, so a UAE trader who specifically wants a Dubai-licensed entity should still compare it against Pepperstone or FP Markets; confirm which Exness entity actually serves your country before you deposit.
Pros
- Established since 2008 with a large MENA user base.
- Multiple regulatory licences (FCA, CySEC, FSCA, Seychelles FSA).
- Genuine swap-free Islamic account available on eligible accounts.
- Reputation for fast, often automatic withdrawals (verify for your method).
Cons
- Not DFSA-regulated, so less suited to traders who specifically want a UAE-licensed entity.
- Entity and protections vary by country — the licence that applies is the one on your agreement.
- Spreads, minimum deposit and funding terms vary and must be checked live on the broker's site.
XM
Islamic account Est. 2009 · XM Partners
CySECCyprusASICAustraliaFSCBelize DFSA (pending)
Established in 2009, XM serves traders in 190+ countries with multi-regulatory coverage, Arabic support and swap-free accounts — a reliable, widely-used choice in the region.
Platforms: MT4 · MT5 · XM App
Pepperstone
Islamic account Est. 2010 · Pepperstone Partners
DFSADubai (DIFC)ASICAustraliaFCAUnited KingdomCySECCyprus
Founded in 2010 and DFSA-regulated in Dubai, Pepperstone is a strong choice for the 'regulated in the UAE' angle, offering raw-spread accounts, cTrader/TradingView and swap-free options.
Platforms: MT4 · MT5 · cTrader · TradingView
FP Markets
Islamic account Est. 2005 · FP Markets Partners (IB)
DFSADubai (DIFC)ASICAustraliaCySECCyprusFSCASouth Africa
Operating since 2005 and DFSA-regulated, FP Markets pairs ASIC/CySEC oversight with raw ECN pricing, MT4/MT5/cTrader and Sharia-compliant accounts — a credible second locally-regulated option.
Platforms: MT4 · MT5 · cTrader · TradingView
IC Markets
Islamic account Est. 2007 · IC Markets Partners
ASICAustraliaCySECCyprusFSASeychelles
Founded in 2007 and regulated by ASIC, IC Markets is an Australian ECN broker well-regarded for raw-spread accounts and low-latency execution. Popular across MENA for MetaTrader and cTrader platforms, with Islamic swap-free accounts available.
Platforms: MT4 · MT5 · cTrader
AvaTrade
Islamic account Est. 2006 · AvaPartner
CBIIrelandASICAustraliaFSCASouth AfricaADGMAbu Dhabi (ADGM)
Established in 2006 and regulated by Ireland's Central Bank (CBI) and ASIC, AvaTrade offers a broad instrument range spanning forex, CFDs and options. Arabic-language support and swap-free Islamic accounts make it a popular choice in the region.
Platforms: MT4 · MT5 · AvaTradeGO · AvaOptions
ADSS
Islamic account Est. 2011 · ADSS Introducing Broker
FSRAAbu Dhabi (ADGM)FCAUnited Kingdom
Founded in 2011 and licensed by the FSRA in Abu Dhabi's ADGM, ADSS is a regionally grounded broker with a direct focus on Arab markets. FCA-regulated for UK operations. Offers forex and CFD trading with Arabic-language support and Islamic accounts.
Platforms: MT4 · ADSS Platform
EFG Hermes
Est. 1984 · EFG Hermes One
CMAEgyptFCAUnited Kingdom
One of the Arab world's largest investment banks, EFG Hermes traces its roots to 1984 and is regulated by the CMA of Egypt. Its retail arm EFG Hermes One covers equities, forex and CFDs — a credible choice for Egyptian and regional investors.
Platforms: EFG Hermes One
OANDA
Est. 1996 · OANDA Partner Programme
FCAUnited KingdomASICAustraliaCFTCUnited StatesMASSingapore
Founded in 1996, OANDA is one of the longest-running online forex brokers, regulated by the FCA, ASIC and CFTC. Known for no minimum deposit requirements and proprietary currency data tools. A transparent, well-established option for experienced traders.
Platforms: MT4 · MT5 · OANDA Trade
CMC Markets
Est. 1989 · CMC Markets Introducing Broker
FCAUnited KingdomASICAustraliaMASSingapore
Established in 1989 and FCA-regulated, CMC Markets is a UK-listed CFD provider with a proprietary Next Generation platform and one of the widest instrument ranges in the industry. ASIC-regulated for Australian clients. A strong choice for experienced traders.
Platforms: Next Generation · MT4
IG Markets
Est. 1974 · IG Introducing Broker
FCAUnited KingdomASICAustraliaMASSingaporeDFSADubai (DIFC)
Part of IG Group, founded in 1974 and one of the world's largest CFD providers. FCA and ASIC-regulated, with a DFSA licence in Dubai. IG offers a wide market range, strong research tools, and a long track record — suitable for active and institutional-grade retail traders.
Platforms: IG Platform · MT4 · ProRealTime
Saxo Bank
Est. 1992 · Saxo White Label / IB
FSADenmarkMASSingaporeASICAustraliaDFSADubai (DIFC)
Founded in 1992 and regulated by the Danish FSA, Saxo Bank is a full-service investment bank offering multi-asset trading via institutional-grade platforms. DFSA-licensed in Dubai. Primarily suited to serious traders and high-net-worth clients with larger account sizes.
Platforms: SaxoTraderGO · SaxoTraderPRO · OpenAPI
Admirals
Islamic account Est. 2001 · Admirals Partners
FCAUnited KingdomCySECCyprusASICAustraliaEFSAEstonia
Established in 2001 and formerly known as Admiral Markets, Admirals holds FCA and CySEC regulation and is ASIC-licensed. Offers MetaTrader 4/5 with proprietary Supreme Edition plugins, Islamic swap-free accounts, and a broad educational content library.
Platforms: MT4 · MT5 · MetaTrader Supreme Edition
Capital.com
Islamic account Est. 2016 · Capital.com Affiliates
FCAUnited KingdomCySECCyprusASICAustraliaFSASeychelles
Founded in 2016 and regulated by the FCA, CySEC and ASIC, Capital.com is a modern CFD broker with an AI-powered platform focused on education and ease of use. Swap-free Islamic accounts are available, making it accessible for Arab traders new to the market.
Platforms: Capital.com App · MT4 · TradingView
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FAQ
Frequently asked questions
What is Daleel FX?
Daleel FX is an independent EU-based publisher that compares forex and CFD brokers for the Arab world in Arabic and English. We are not a broker and do not give financial advice — we verify each broker's regulation against the official register and flag genuine swap-free (Islamic) accounts so you can choose safely.
Which forex brokers does Daleel FX review?
Our launch shortlist is Exness, XM, Pepperstone and FP Markets. Each is verifiable on a real regulator register (such as DFSA, FCA, ASIC, CySEC or FSCA) and offers a swap-free account type. We only list brokers we can confirm on an official register — never on the strength of a marketing claim alone.
Do these brokers offer Islamic (swap-free) accounts?
Yes — all four brokers on our shortlist offer a swap-free (Islamic) account type, where the overnight swap (the interest on positions held past the daily cut-off) is removed. That confirms availability only, not that any specific account is fully riba-free. Always check the broker's current Islamic-account terms for your country.
Why does Daleel FX not publish star ratings, spreads or minimum deposits yet?
We never invent numbers. Ratings, typical spreads and minimum deposits stay marked as review-pending until we complete a hands-on review of each broker. Publishing a figure we have not verified would breach our no-fabrication policy and the trust we ask readers to place in us, so we leave it blank instead.
How do I verify a forex broker is licensed?
Find the exact legal entity name on the broker's site that serves your country, then search that name on the relevant regulator's public register — for example DFSA (UAE/DIFC), FCA, ASIC or CySEC. Confirm the licence number, status and permitted activities match; a licence held by a different group entity does not cover you.