Below you may see rating of Brokers which provide its clients with the opportunity to use Swap-free accounts developed for traders who use trading systems which do not take into considerations swap influence or traders who can not use swaps because of their religious beliefs. This determines the second name of this account type – “Islamic accounts”.
If a trader has swap-free account he/she does not get or loss any sum of money when there is a need to carry position over midnight despite of the position volume. Even holding a long-term position a trader may be sure that only currency rate may influence the result of the deal.
Forex-brokers which provide an opportunity to open accounts without swaps are popular in the Islamic world.
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InstaForex |
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 On-line since: 2008
Country of origin: Russia
Regulation: Regulated by Russian FFMS.
Payment options: Moneybookers, wire transfer, credit cards, Liberty Reserve, WebMoney, e-Bullion, e-gold and RuPay
Minimum account size: $1
Minimum lot size: 0.01
Leverage: from 1:1 to 1:1000
Spreads: 3 pips on EUR/USD
Web-site: instaforex.com
InstaForex is ECN-Broker, provided qualitative trading services on Forex market. Cooperation with the biggest market makers and huge Brokers-contractors complete with broad client base provide InstaForex with high liquidity and opportunity to provide really fast on-line service to its clients.
InstaForex Company is recognized as the best broker in Asia 2009 following the results of World Finance Award, the respectable reward in the world of financial markets, held by the World Finance magazine annually. One more established European magazine CNBC Business Magazine acknowledged InstaForex Company as the most dynamically developing Forex-broker in 2009. InstaForex Company was also recognized as the best Forex-broker according to the results of ShowFxWorld and ShowFxAsia exhibitions, which were held in Moscow and Kuala-Lumpur in 2009. |
76% |
24% |
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eToro |
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Company: eToro Inc.
On-line since: 2007
Country of origin: Cyprus
Regulation: Registered member of NFA (ID: 0382918).
Payment options: Moneybookers, WebMoney, bank wire, credit cards, PayPal and Neteller
Minimum account size: $50
Minimum lot size: 0.1 lot
Leverage: 1:100, 1:200 and 1:400
Spreads: 2 pips on EUR/USD
Web-site: www.etoro.com
eToro brings financial trading to life for hundreds of thousands of users worldwide. Our people friendly trading platform helps make Forex: simple to start, great to learn and a delight to trade. Our educational and trading toolbox, together with outstanding personal service, delivers Forex that’s a delight to master. eToro's visual trading style lets every trader, at every level of experience, enjoy their trading. With Forex powered by eToro behind you, harnessing the power of financial markets becomes simple and rewarding. |
27% |
73% |
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Global Futures & Forex, Ltd. |
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 On-line since: 2001
Country of origin: Australia
Regulation: Registered with the Commodity Futures Trading Commission, is also a member of the Australian Securities and Investments Commission (ASIC), an independent Australian government body that regulates financial markets, securities, futures and corporations since January 1991.
Payment options: Credit cards, eCheck, PayPal, bank wire and paper checks
Minimum account size: $250
Minimum lot size: 0.1 lot
Leverage: from 1:100 to 1:400
Spreads: Variable (3 pips average) on EUR/USD
Web-site: www.gftforex.com
Global Futures Exchange and Trading Company, Inc. was established in 1998. The headquarters office of the company is in Encino, California, USA, also Global Futures Exchange and Trading Company has two representation offices in Florida and North Caroline.
The company is registered in the National Futures Association (NFA) and the Commodity Futures Trading Commissions (CFTC). Global Futures Exchange and Trading Company is one of the largest independent brokerage firms providing private investors and traders with full range of services on futures and options markets and international Forex currency market. |
41% |
59% |
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FxCompany |
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 On-line since: 2006
Country of origin: Mauritius
Regulation: Is a licensed provider of investment adviser services and regulated by FSC (Financial Services Commission) of Mauritius. License no. C109007280, issued on 25.03.2009.
Payment options: Wire transfer, WebMoney, Moneybookers and Liberty Reserve
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 0.8 pip on EUR/USD
Web-site: www.fxcompany.net/
The Company FxCompany Financial Group Ltd. provides its clients with innovative technologies of trading and brokerage services at the international currency market Forex, as well as at markets of CFD shares, precious metals and futures. The activity of the Company FxCompany Financial Group Ltd. is licensed and regulated by Financial Services Commission.
FxCompany Financial Group Ltd. is one of the most dynamically developing companies. Nowadays FxCompany has more than 100 representative offices and branches all over the world.
The main target of FxCompany is provision of qualitative and wide range of financial services in the financial industry.
FxCompany is an example of perfect services’ quality for experienced traders as well as for the newbies. Moreover, FxCompany renders partnership program, management of capital and different services for the legal bodies. |
6% |
94% |
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XxForex |
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 On-line since: 2003
Country of origin: Cyprus/Canada
Regulation: Unregulated
Payment options: Wire transfer and credit cards
Minimum account size: $100
Minimum lot size: 0.05 lot
Leverage: up to 1:400
Spreads: 3 pips on EUR/USD
Web-site: www.xforex.com
XForex was established in 2003.
XForex is an innovative company, which developed one of the most reliable and unique web-platforms for trading at Forex market.
XForex trading platform was developed by professional traders. The main criteria of the company’s work are: professionalism, financial mobility and the trading network time rate. |
44% |
56% |
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GCI Financial |
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 On-line since: 2002
Country of origin: Belize
Regulation: Registered by International Financial Services Commission of Belize.
Payment options: Wire transfer, credit cards, PayPal, Moneybookers, WebMoney and check
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 3 pips on EUR/USD
Web-site: www.gcitrading.com
GCI was found in 2002, and is among pioneers at the markets of currency and contract for difference (CFD) trading.
GCI Financial (GCI) is a regulated trading company, specialized in brokerage services at Forex. Moreover, GCI actively participates on the market of CDFs for shares, indexes and futures.
GCI Company has about 10 000 clients all over the world, including individual traders, companies and account managers.
GCI offers its clients a modern, reliable and not sophisticated system for online trading. The clients’ funds are kept on segregated accounts and are insured; and the dealing experience of the company meets the highest requirements. |
50% |
50% |
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| 7 |
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Exto Capital |
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 On-line since: 2007
Country of origin: Switzerland
Regulation: Regulated by OAR-G, Exto Financials SA is overseen by the Federal Department of Finance in Switzerland.
Payment options: Wire transfer, PayPal, credit cards, Moneybookers and WebMoney
Minimum account size: $1,000
Minimum lot size: 0.1 lot
Leverage: up to 1:400
Spreads: 2 pips on EUR/USD
Web-site: www.extocapital.com
Exto Capital Company was established in 2007 by the professional investment managers, foreign currency traders and software developers.
Exto Capital Company is a branch of Extp Financials C.A. – independent assets management company. General Headquarters of broker Exto Capital is located in Switzerland.
Exto Capital Company effects services of online trading on basis of the trading platform extoPRO trader, developed by the broker Exto Capital staff. |
60% |
40% |
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| 8 |
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Easy Forex |
more +
 On-line since: 2001
Country of origin: Cyprus
Regulation: Registered with NFA (ID #0358754).
Payment options: Credit cards, PayPal
Minimum account size: $200
Minimum lot size: 0.025 lot
Leverage: 1:100
Spreads: 3 pips on EUR/USD
Web-site: http://classic.easy-forex.com
EasyForex Company took its rise in 2001.
EasyForex Company is a division of the Research Center for Artificial Intelligence registered by the Moscow Chamber on January 12, 1993.
EasyForex broker cooperates with ICVector Company organizing the international trading at Forex currency market.
EasyForex system allows running trading operations in small amounts.
The feature of Easy-Forex™ trading platform is that the trader has an opportunity to freeze the current rate of Buy or Sell for a few seconds and do not depend on further rate fluctuations. |
66% |
34% |
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Forex section: LiteForex review
well liteforex do pay my withdrawal .. some are a little late and the customer service .. abit slow .. the good news, they just had a malaysia site for liteforex and the respond time does improved.
i would say they are not a bad but not that good ..
Forex section: Oanda review
This broker was very good in the past but now with all the volatility they have widened spreads, common is 10 pips on GBP/USD and no news pending, wideness in spreads is preplexing and must be treated with caution.
Forex section: Hotspot FX LLC review
I prefer to work with ECN brokers, not with Market Makers. Hotspot FX is true ECN (not like Fxopen and other bucket shops using fake licenses), so all the deals are proceeded at the interbank.
Forex section: Sucden review
Really good broker. I've been trading with them since they are online. Nice spreads, perfect execution and what is more important NO REQOUTES! =))
Forex section: Alpari review
alpari ru , nz limited , is just a lie , they got your money and do trade for him self if profit they got that if trade was loss they show loss to some account ( have big money ) they dont support and hav not any right regulation ( just kroufr and that's in Russia and same brother of alpari ru dont answer to your compliant ) in the end alpari ru is Big Burglarize , give your money as soon as possible eminently , before they give all your money in a lie trade and you do not anythning . alpari = Cracksman
Forex section: Alpari review
"bad support bad speaking English in telephone" - Lol. Your English is perfect! :))))
I won't speak in support of Alpari - their PR people must do that. But it seems to me, it's kind of attack upon them. So I wouldn't take the words in 3 previous commetns for truth.
Forex section: Alpari review
(Alpari NZ Limited) are not members of NFA. Not good regoulation , cheating people because they trust them , they are like HYpe investment , afew money back and in the last eating all capital and have a answer term of business you agree in open an account , any way they are cheating trader and i thing like an SCAM hype program , KEEP AWAY from them and dont give your money under their hand (big money ) Just trade with NFA , FSC regoulation broker , Alpari LZ limited or alpari ru is not safe they cheating my 2500 USD in just 12 hour whit no position ( idont open position and see open position and loss all copital in 12 hure 2.0 lot ! size )
Forex section: FXOpen review
Dudes, NEVER open account with this SCAM! I hate them! They've stolen my money by requoting me during all the period I traded!! I've lost all my money due to this f#cking reuotes HOPE YOU WILL NEVER GET THE LICENSE BACK! I HATE YOU FXOPEN BASTARDS!
Forex section: FXOpen review
Just closed my account with FXOpen mafia. It seems I have chosen the right moment to safe my money from this dead company.
Forex section: Alpari review
(Alpari NZ Limited) are not members of NFA.
NFA’s Compliance Department
regarding the party referenced above. While NFA has developed a wide
range of investor protection rules to safeguard the integrity of the
futures markets and monitors all NFA Members for compliance, it appears
that the firm and individual in your inquiry (Alpari NZ Limited) are not members of NFA.