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The 5 Best Forex Brokers with Islamic Accounts in Burundi – Rated and Reviewed. We have listed the best Brokers that offer Islamic accounts in Burundi in 2025*.
In this in-depth write-up, you will learn:
- A List of the 5 Best Forex Brokers with Islamic Accounts in Burundi
- Pros and Cons of Forex Trading
- Is Forex Trading in Burundi Compliant with Sharia Law?
and much, much more!
| 🔍Forex Broker | ✏️Sign Up Here | 🫴🏻Offers Islamic Account | 💵Minimum Deposit | 💰Minimum Deposit (BIF) |
| 🥇XM | 👉 Click Here | ✅ Yes | 5 USD | 14,866.09 BIF |
| 🥈HFM | 👉 Click Here | ✅ Yes | 0 USD | 0 BIF |
| 🥉IC Markets | 👉 Click Here | ✅ Yes | 200 USD | 594,643.45 BIF |
| 🏅Octa | 👉 Click Here | ✅ Yes | 25 USD | 74,330.43 BIF |
| 🏆FXTM | 👉 Click Here | ✅ Yes | 200 USD | 594,643.45 BIF |
🏆 10 Best Rated Forex Brokers
Broker
Rating
Regulators
Platforms
Min Deposit
Max Leverage
Crypto
Official Site
🥇
4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
USD 0
2000:1
Yes
7
4.9/5
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MT4, MT5, cTrader, Tradingview, Pepperstone Platform
USD 10
400:1
Yes
🏆 10 Best Rated Forex Brokers
Broker
Min Deposit
Max Leverage
Official Site
5 Best Forex Brokers with Islamic Accounts in Burundi (2025)
- ☑️ XM – Overall, The Best Broker with an Islamic Account in Burundi
- ☑️ HFM – Best Affiliate Program
- ☑️ IC Markets – Best CFD Forex Broker
- ☑️ Octa – Best Customer Service
- ☑️ FXTM – Best Forex Educational Provider
1. XM
XM is a globally recognized forex and CFD broker, operating since 2009 under Trading Point Holdings Ltd.
XM offers Islamic accounts designed to comply with Shariah law. XM accepts clients from Burundi. Traders in Burundi can open an account online, Deposit and withdraw via various international methods (credit card, e-wallets, etc.), and request an Islamic (swap-free) account after registration.
| 🔍Broker | 🥇XM |
| 🔢Year Founded | 2009 |
| 👤Amount of Staff | 600+ |
| 👥Amount of Active Traders | 5,000,000+ |
| 📌Publicly Traded | None |
| 📈Regulation | CySEC (Cyprus) ASIC (Australia) IFSC (Belize) FCA (UK) |
| 🌎Country of Regulation | Cyprus Australia Belize UK |
| 🗂️Account Segregation | ✅Yes |
| ➡️Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes, up to €20,000 under CySEC |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | USD EUR GBP JPY CHF AUD HUF PLN |
| 💵Minimum Deposit | $5 |
| ⏰Average Deposit/Withdrawal Processing Time | Within 24 hours |
| 💷Fund Withdrawal Fee | None, but third-party fees may apply |
| ✏️Spreads | 0.6 pips |
| 💶Commissions | Zero on Standard and Micro accounts commission on Zero accounts |
| 🔢Number of Base Currencies Supported | 11 |
| 💸Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:1000 |
| 📉Margin Requirements | Varies by instrument and account type |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | < 1 second |
| 🖥️VPS Hosting | ✅Yes (free for eligible accounts) |
| 📍CFDs - Total Offered | 1,000+ |
| 📈CFD Stock Indices | 30+ |
| ➡️CFD Commodities | 15+ |
| 📊CFD Shares | 1,200+ |
| 💳Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
| 💴Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies |
| 💡Trading Platforms | MetaTrader 4 MetaTrader 5 XM WebTrader |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist Trading Signals VPS |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@xm.com |
| ☎️Customer Support Contact Number | +357 25029933 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | 30+ languages |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles Video Tutorials Market Analysis |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Not publicly disclosed |
| 🫶IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes (various events and teams) |
| 🫰🏻Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes (Micro accounts available) |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Well-Regulated and Trusted | Limited Product Range |
| Low Minimum Deposit | Inactivity Fee |
| MetaTrader 4 & 5 Support | Limited Advanced Trading Tools |
| Tight Spreads and No Hidden Fees | High Spreads on Micro Accounts |
Frequently Asked Questions
Does XM offer Islamic (swap-free) accounts?
Yes. XM offers Islamic accounts (swap-free) for traders who follow Shariah law. You can request this after creating a regular account.
What trading platforms does XM support?
XM supports: MetaTrader 4 (MT4), and MetaTrader 5 (MT5).
What is the minimum deposit at XM?
The minimum deposit is just $5, depending on the account type and region.
What account types are available at XM?
XM offers: Micro Account, Standard Account, XM Ultra Low Account, and a Shares Account.
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5, XM App
Total Pairs
55
Islamic Account
Yes
Trading Fees
No hidden fees
Account Activation
24 Hours
Our Verdict
XM provides traders in Burundi with full access to its services, including MT4/MT5 platforms, educational resources, and multilingual support, making it a reliable and Sharia-compliant choice for both novice and experienced traders due to its flexible conditions and adherence to Islamic principles.
2. HFM
HFM is a globally recognized forex and CFD broker established in 2010, operated by HF Markets Group.
HFM offers Islamic accounts that comply with Shariah law. HFM accepts clients from Burundi. Traders can register online and verify their identity, Deposit via international methods (cards, e-wallets, etc.), and request a swap-free Islamic account after opening a live account.
| 🔍Broker | 🥇HFM |
| 🔢Year Founded | 2010 |
| 👤Amount of Staff | 200+ |
| 👥Amount of Active Traders | 2.5 million+ |
| 📌Publicly Traded | None |
| 📈Regulation | FSCA DFSA FSA FCA FSC CMA |
| 🌎Country of Regulation | UK South Africa UAE Seychelles |
| 🗂️Account Segregation | ✅Yes |
| ➡️Negative Balance Protection | ✅Yes |
| 📌Investor Protection Schemes | ✅Yes |
| 🎉Institutional Accounts | ✅Yes |
| 👤Managed Accounts | ✅Yes (PAMM/MAM accounts) |
| 💵Minor Account Currencies | USD EUR GBP JPY AUD ZAR |
| 💶Minimum Deposit | 0 USD |
| ⏱️Average Deposit/Withdrawal Processing Time | 1 - 3 business days |
| 💴Fund Withdrawal Fee | None, but third-party fees may apply |
| ✏️Spreads | 0.0 pips |
| 💷Commissions | From $6 per lot (round turn) |
| 🔢Number of Base Currencies Supported | 12 |
| 💵Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:1000 |
| 📉Margin Requirements | Varies by instrument |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | < 30ms |
| 🖥️VPS Hosting | ✅Yes |
| 📈CFDs - Total Offered | 1,200+ |
| 📊CFD Stock Indices | 20+ |
| ✏️CFD Commodities | 20+ |
| 👉CFD Shares | 950+ |
| 💳Deposit Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods |
| 💴Withdrawal Options | Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 HF App |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist Trading Central VPS HFcopy |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@hfm.com |
| ☎️Customer Support Contact Number | +44 203 097 5796 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | Multiple languages, including English, Chinese, Spanish, Arabic |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 🖥️Webinars | ✅Yes |
| 📖Educational Resources | Articles Video Tutorials eBooks Market Analysis |
| 🤝Affiliate Program | ✅Yes |
| 🫶IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FSCA, DFSA, FCA, CMA, FSA
Trading Platform
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Regulated Broker | Limited Research Tools |
| Wide Range of Account Types | Variable Spreads |
| Multiple Trading Platforms | Withdrawal Fees |
| User-Friendly Interface | Complex Fee Structure |
Frequently Asked Questions
Does HFM offer Islamic (swap-free) accounts?
Yes. HFM provides Islamic accounts for Muslim traders.
Can I open an account with HFM from Burundi?
Yes. HFM accepts traders from Burundi.
What trading platforms does HFM offer?
HFM supports: MetaTrader 4 (MT4), and MetaTrader 5 (MT5).
What is the leverage offered?
Leverage is up to 1:1000, depending on the regulation and account type.
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FSCA, DFSA, FCA, CMA, FSA
Trading Platform
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
From Burundi, traders can fully access HFM, a reliable and flexible broker known for its strong regulation, low deposit requirements, and excellent Islamic account options, making it a solid choice for Muslim traders and beginners seeking a user-friendly experience.
3. IC Markets
IC Markets is a globally recognized forex and CFD broker, established in 2007. The broker offers access to a wide range of trading instruments, including forex, commodities, indices, stocks, bonds, and cryptocurrencies.
IC Markets offers Islamic accounts (also known as swap-free accounts) for clients who cannot earn or pay interest due to their religious beliefs. IC Markets accepts clients from Burundi. Traders residing in Burundi can open an account with IC Markets, access all trading platforms, and request an Islamic account if needed.
| 🔍Broker | 🥇IC Markets |
| 🔢Year Founded | 2007 |
| 👤Amount of Staff | Over 200 |
| 👥Amount of Active Traders | Over 200,000 |
| 📌Publicly Traded | None |
| 📈Regulation | ASIC CySEC FSA SCB |
| 🌎Country of Regulation | Australia Cyprus Seychelles |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes (varies by regulation) |
| 💙Investor Protection Schemes | ✅Yes (under CySEC regulation) |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | AUD USD EUR GBP SGD JPY CHF NZD HKD CAD |
| 💵Minimum Deposit | $200 |
| ⏰Average Deposit/Withdrawal Processing Time | 1-2 business days |
| 💳Fund Withdrawal Fee | None |
| ✏️Spreads from | 0.0 pips (Raw Spread Account) |
| 💶Commissions | $3.5 per side per lot (Raw Spread Account) |
| 🔟Number of Base Currencies Supported | 10 |
| 💷Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin Requirements | Depends on leverage and instrument |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | 40 milliseconds |
| 🖥️VPS Hosting | ✅Yes (free under certain trading conditions) |
| 📈CFDs-Total Offered | Over 2,000 |
| ↪️CFD Stock Indices | ✅Yes |
| 👉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💴Deposit Options | Bank Transfer Credit/Debit Cards PayPal Skrill Neteller UnionPay, etc. |
| 💳Withdrawal Options | Bank Transfer Credit/Debit Cards PayPal Skrill Neteller UnionPay, etc. |
| 📊Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) cTrader |
| 🍎OS Compatibility | Windows Mac iOS Android |
| ✏️Forex Trading Tools | Market analysis Economic calendar VPS Autochartist Myfxbook |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@icmarkets.com |
| ☎️Customer Support Contact Number | +61 (0)2 8014 4280 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | English Chinese Spanish French German, and more |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 🖥️Webinars | ✅Yes |
| 📖Educational Resources | Articles video tutorials eBooks webinars FAQs |
| 🤝Affiliate Program | ✅Yes |
| 👤Amount of Partners | Not specified |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | No known sponsorships |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 200
Regulators
FSA
Trading Platform
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Low Spreads | Withdrawal Fees |
| Multiple Trading Platforms | Limited Research Tools |
| High Leverage | No Proprietary Trading App |
| Variety of Account Types | Inactivity Fees |
Frequently Asked Questions
Can I open an IC Markets account from Burundi?
Yes. IC Markets accepts clients from Burundi through its FSA Seychelles entity.
Does IC Markets offer Islamic accounts?
Yes. IC Markets provides Islamic (swap-free) accounts for Muslim traders.
What is the minimum deposit?
The minimum deposit is $200.
What is the maximum leverage?
Up to 1:500 for international clients (including Burundi).
Overall Rating
- 4.9/5
Min Deposit
USD 200
Regulators
FSA
Trading Platform
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
IC Markets is a reliable and professional choice for discerning traders in Burundi who require a transparent and Sharia-compliant trading experience, providing tight spreads, fast execution, and Islamic account options within a well-regulated framework.
4. Octa
Octa is a globally recognized forex and CFD broker offering services to traders in Burundi, including those seeking Islamic (swap-free) accounts.
Octa accepts clients from Burundi, allowing traders to open accounts, deposit funds, and engage in forex and CFD trading under Islamic conditions.
| 🔍Broker | 🥇OctaFX |
| 🔢Year Founded | 2011 |
| 👤Amount of Staff | 300+ |
| 👥Amount of Active Traders | Over 1.5 million |
| 📌Publicly Traded | None |
| 📈Regulation | Unregulated |
| 🌎Country of Regulation | N/A |
| 🗂️Account Segregation | ✅Yes |
| ❌Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | None |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | EUR USD |
| 💵Minimum Deposit | $25 |
| ⏰Average Deposit/Withdrawal Processing Time | Within 1-3 hours |
| 💳Fund Withdrawal Fee | No fees |
| ✏️Spreads from | 0.6 pips |
| 💶Commissions | Zero commissions |
| 2️⃣Number of Base Currencies Supported | 2 (USD, EUR) |
| 💷Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin Requirements | Varies by account type and leverage |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | 0.1 seconds |
| 🖥️VPS Hosting | ✅Yes (free upon meeting conditions) |
| ➡️CFDs-Total Offered | 200+ |
| 📈CFD Stock Indices | ✅Yes |
| 👉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💴Deposit Options | Bank Transfer Credit/Debit Card E-Wallets Crypto |
| 💳Withdrawal Options | Bank Transfer Credit/Debit Card E-Wallets Crypto |
| 📊Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) OctaFX WebTrader |
| 🍎OS Compatibility | Windows MacOS Android iOS |
| 🔩Forex Trading Tools | Economic Calendar Trading Calculators CopyTrading |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@octafx.com |
| ☎️Customer Support Contact Number | Not publicly listed |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | English Spanish Portuguese Indonesian Hindi Urdu Chinese, and more |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 🖥️Webinars | ✅Yes |
| 📖Educational Resources | Articles Video Tutorials Market Analysis |
| 🤝Affiliate Program | ✅Yes |
| 👤Amount of Partners | Not disclosed |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes, sponsored motorsports and esports events |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 25
Regulators
CySEC, MISA, FSCA, FSC
Trading Platform
MT5, OctaTrader
Crypto
Yes
Total Pairs
52
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Low Minimum Deposit | No U.S. Clients |
| Competitive Spreads and Low Fees | Limited Range of Tradable Assets |
| Variety of Account Types | Higher Spreads on Some Account Types |
| Bonus Offers and Promotions | Limited Research Tools |
Frequently Asked Questions
Does Octa offer Islamic (swap-free) accounts?
Yes, all Octa trading accounts are inherently Shariah-compliant and swap-free by default. This means there are no interest charges on overnight positions, aligning with Islamic principles.
Are Octa’s Islamic accounts available in Burundi?
Yes, Octa accepts clients from Burundi. Traders can open an account online and access Islamic trading features without any additional requirements.
Which platforms does Octa support for Islamic trading?
Octa offers trading on MetaTrader 5 and its proprietary OctaTrader platform. Both platforms support swap-free trading conditions.
What is the minimum deposit to start trading?
The minimum deposit is $25, with a recommended deposit of $100 for an optimal trading experience.
Overall Rating
- 4.9/5
Min Deposit
USD 25
Regulators
CySEC, MISA, FSCA, FSC
Trading Platform
MT5, OctaTrader
Crypto
Yes
Total Pairs
52
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
Our Verdict
Octa presents a compelling option for traders in Burundi seeking a Shariah-compliant trading environment through its inherently Islamic accounts, coupled with a commitment to ethical trading practices, user-friendly platforms, and competitive trading conditions, making it suitable for Muslim traders wanting to participate in the global forex market in accordance with their faith.
5. FXTM
FXTM is a globally recognized forex and CFD broker, established in 2011. FXTM offers a range of trading instruments, including forex, commodities, indices, and stocks, accessible via MetaTrader 4 and MetaTrader 5 platforms.
FXTM offers Islamic accounts designed to comply with Shariah law, which prohibits earning or paying interest. FXTM accepts clients from Burundi, allowing traders to open accounts, access various trading instruments, and request an Islamic account status.
| 🔍Broker | 🥇FXTM |
| 🔢Year Founded | 2011 |
| 👤Amount of Staff | Over 800 |
| 👥Amount of Active Traders | Over 4 million |
| 📌Publicly Traded | None |
| 📈Regulation | FCA CySEC FSC |
| 🌎Country of Regulation | UK Cyprus South Africa Mauritius |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes (varies by regulatory entity) |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | USD EUR GBP NGN |
| 💵Minimum Deposit | $10 for Cent Accounts |
| ⏰Average Deposit/Withdrawal Processing Time | Instant - 24 hours |
| 💳Fund Withdrawal Fee | None (but third-party fees may apply) |
| ✏️Spreads from | 0.0 pips |
| 💶Commissions | $0 - $4 per lot depending on account type |
| 4️⃣Number of Base Currencies Supported | 4 |
| 💷Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:2000 |
| 📉Margin Requirements | Based on leverage |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | 0.05 seconds (Average) |
| 🖥️VPS Hosting | ✅Yes (Free with conditions) |
| 📈CFDs-Total Offered | Over 250 |
| 👉CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💴Deposit Options | Bank transfer Credit/debit cards e-wallets (Skrill Neteller, etc.) |
| 💳Withdrawal Options | Bank transfer Credit/debit cards e-wallets (Skrill Neteller, etc.) |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 FXTM Trader App |
| 🍎OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Forex calculators VPS Trading signals Market analysis tools |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@fxtm.com |
| ☎️Customer Support Contact Number | +44 203 734 1098 |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | 16+ |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles tutorials eBooks Video tutorials |
| 🤝Affiliate Program | ✅Yes |
| 👤Amount of Partners | Over 1,000 |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | No notable current sponsorships |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes (Cent Account) |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.6/5
Min Deposit
USD 200
Regulators
FSC, CMA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
63+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Regulated Broker | High Spreads on Some Accounts |
| Variety of Account Types | Withdrawal Fees |
| Promotions and Bonuses | Inactivity Fees |
Frequently Asked Questions
Does FXTM offer Islamic (swap-free) accounts?
Yes. FXTM provides Islamic accounts that comply with Shariah law, offering swap-free trading.
Can I open an FXTM account from Burundi?
Yes. FXTM accepts clients from Burundi.
What trading platforms does FXTM support?
FXTM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, accessible via desktop, web, and mobile devices.
What account types are available?
FXTM offers various account types, including Standard, Advantage, and Advantage Plus accounts, each with different features and trading conditions.
Overall Rating
- 4.6/5
Min Deposit
USD 200
Regulators
FSC, CMA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
63+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
Adhering to Sharia law with its Islamic (swap-free) accounts, FXTM provides full accessibility for traders in Burundi, enabling easy account setup, funding, and market access via MT4 and MT5 platforms.
Is Forex Trading in Burundi Compliant with Sharia Law?
When considering Sharia-compliant forex trading, there are several key factors to keep in mind. Swap-free accounts are essential, as they eliminate interest on overnight positions, which is prohibited under Islamic law.
Many brokers like FXTM, IC Markets, and XM offer these Islamic account options. It’s also important to avoid leverage-based interest—some brokers provide accounts with low or no interest, or charge a flat fee instead, which can be acceptable under certain interpretations.
Ethical trading practices are equally important, focusing on transparency, fairness, and avoiding excessive risk (gharar). This means that trading highly speculative assets or using high leverage may be discouraged. When selecting a broker, make sure they explicitly offer Sharia-compliant conditions.
Reputable brokers like FXTM and HFM provide dedicated Islamic accounts, but it’s always wise to check the specific terms. Overall, forex trading in Burundi can align with Sharia principles if conducted through a compliant broker and account type.
In Conclusion
It’s important to verify the specific terms with each broker, as some may charge a fixed fee for holding positions overnight instead of interest, which is permissible under Islamic law. Burundi traders seeking Sharia-compliant forex trading have several reliable broker options with Islamic account offerings, ensuring ethical trading aligned with their values.
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Frequently Asked Questions
Are there any bonuses at XM?
Yes, XM often offers promotions like: No-deposit bonus, and Deposit bonuses.
Does HFM offer a demo account?
Yes, HFM provides a free demo account to practice trading with virtual funds.
Does IC Markets offer any bonuses or promotions?
IC Markets offers various bonuses and promotions, including a $30 welcome bonus, a 10% deposit bonus, an “Exclusive Bonus”, and a “Refer and Win” program.
Are there any additional fees for Octa’s Islamic accounts?
No. Octa’s Islamic accounts do not incur additional fees or commissions; traders only pay the actual market-driven spreads starting from 0.6 pips.
What leverage does FXTM offer?
FXTM offers leverage up to 1:2000, depending on the account type and regulatory requirements.
What is an Islamic Forex account?
An Islamic Forex account (also called a swap-free account) is designed to comply with Sharia law, which prohibits the payment or receipt of interest (riba).
Can I open an Islamic Forex account from Burundi?
Yes, traders from Burundi can open Islamic Forex accounts with brokers that offer this feature.
Do I have to request an Islamic account?
Yes. Islamic accounts are typically not automatically activated. After opening a standard live trading account with the broker, you must request an Islamic account via the client portal or by contacting customer support.
Are there any hidden fees for Islamic accounts?
Some brokers charge a small fixed fee for positions held overnight, which is a permissible practice under Sharia law.
Top 4 Brokers
