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The 6 Best Forex Brokers with Islamic Accounts in Comoros – Rated and Reviewed. We have listed the best Brokers with Forex No Deposit Bonuses, Promotions, and, Competitions in 2025*.
In this in-depth write-up you will learn:
- A List of the 6 Best Forex Brokers with Islamic Accounts in Comoros
- Pros and Cons of Forex Trading
- Is Forex Trading in Comoros Compliant with Sharia Law?
and much, much more!
| 🔍Forex Broker | ✏️Sign Up Here | 🫴🏻Offers Islamic Account | 💵Minimum Deposit | 💰Minimum Deposit (KMF) |
| 🥇HYCM | 👉 Click Here | ✅ Yes | 20 USD | 8,669.66 KMF |
| 🥈AvaTrade | 👉 Click Here | ✅ Yes | 100 USD | 43,349.94 KMF |
| 🥉FxPro | 👉 Click Here | ✅ Yes | 100 USD | 43,349.94 KMF |
| 🏅Vantage Fx | 👉 Click Here | ✅ Yes | 50 USD | 21,674.97 KMF |
| 🏆BDSwiss | 👉 Click Here | ✅ Yes | 10 USD | 4,334.99 KMF |
| 🥇Exness | 👉 Click Here | ✅ Yes | 10 USD | 4,334.99 KMF |
🏆 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
6 Best Forex Brokers with Islamic Accounts in Comoros (2025)
- ☑️HYCM – Overall, The Best Broker with an Islamic Account on Comoros
- ☑️AvaTrade – Best Forex Broker for Beginners
- ☑️FxPro – Best Mobile Trading App
- ☑️Vantage Fx – Best CFD Forex Broker
- ☑️BDSwiss – Best Educational Broker
- ☑️Exness – Best Multi-Asset Forex Broker
1. HYCM
HYCM is a globally recognized forex and CFD broker with over 40 years of experience, offering a range of trading services to clients worldwide, including those in Comoros.
HYCM’s Islamic accounts are designed to provide a trading experience that aligns with Islamic financial principles, making it a suitable choice for traders in Comoros seeking Sharia-compliant trading options.
| 🔍Broker | 🥇HYCM |
| 🔢Year Founded | 1977 |
| 👤Amount of staff | 100+ |
| 👥Amount of active traders | Not publicly disclosed |
| 📌Publicly Traded | None |
| 📈Regulation | FCA |
| 🌎Country of regulation | UK |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative balance protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes (UK and EU) |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | ✅Yes |
| 💴Minor account currencies | ✅Yes |
| 💵Minimum Deposit | $100 |
| ⏰Average deposit/withdrawal processing time | 1-3 business days |
| 💳Fund Withdrawal Fee | None |
| ✏️Spreads from | 0.2 pips (for fixed spreads) |
| 💷Commissions | Variable, depends on account type |
| 🔢Number of base currencies supported | 16 |
| 💸Swap Fees | ✅Yes (depends on account type and market conditions) |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin requirements | Variable |
| ☪️Islamic account (swap-free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | 1-2 seconds (depends on market conditions) |
| 🖥️VPS Hosting | Available |
| 🫴🏻CFDs-Total Offered | 150+ |
| 📈CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💶Deposit Options | Bank Transfer Credit/Debit Cards, E-wallets |
| 💳Withdrawal Options | Bank Transfer, Credit/Debit Cards, E-wallets |
| 📊Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| 🍎OS Compatibility | Windows, MacOS, Android, iOS |
| 🪛Forex trading tools | Trading signals, market analysis tools |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live chat availability | ✅Yes |
| 💻Customer Support Email address | info@hycm.com |
| ☎️Customer Support Contact Number | +44 (0) 207 071 5215 |
| 📱Social media Platforms | Facebook, Twitter, |
| ⚙️Languages supported on HYCM Website | English, Arabic, Chinese, Russian |
| 🎓Education and Research | ✅Yes |
| ✏️Forex course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles, video tutorials, trading guides |
| 🤝Affiliate program | ✅Yes |
| 👥Amount of partners | Not publicly disclosed |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | None |
| 🎀Rebate program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.5/5
Min Deposit
USD 20
Regulators
FCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
69
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Multiple Trading Platforms | Limited Cryptocurrency Options |
| Competitive Spreads and High Leverage | High Minimum Deposit for Some Accounts |
| Variety of Account Types | Inactivity Fees |
| Multi-Language Support | Limited Social/Copy Trading Features |
Frequently Asked Questions
Does HYCM offer Islamic (swap-free) accounts?
Yes, HYCM provides Islamic (swap-free) accounts that comply with Sharia law by eliminating interest charges on overnight positions.
What are the trading platforms offered by HYCM?
HYCM supports several trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), HYCM Trader mobile app, and WebTrader.
What is the minimum deposit to start trading with HYCM?
The minimum deposit requirement for HYCM is USD 20.
Does HYCM have a Demo Account?
Yes, HYCM offers demo accounts that allow traders to practice with virtual funds.
Overall Rating
- 4.5/5
Min Deposit
USD 20
Regulators
FCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
69
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
For traders in Comoros, HYCM offers access to a wide range of global markets through powerful platforms like MetaTrader 4, MetaTrader 5, and its mobile app. HYCM provides Islamic (swap-free) accounts that are fully compliant with Sharia law, making it a suitable choice for Muslim traders who wish to avoid interest (riba).
2. AvaTrade
AvaTrade is a globally recognized forex and CFD broker that offers a range of trading services to clients worldwide, including those in Comoros.
AvaTrade’s Islamic accounts are tailored for Muslim traders, ensuring compliance with Sharia law by eliminating swap fees on overnight trades. AvaTrade’s Islamic accounts offer a Sharia-compliant trading environment, making it a suitable choice for Muslim traders in Comoros seeking ethical trading options.
| 🔍Broker | 🥇AvaTrade |
| 🔢Year Founded | 2006 |
| 👤Amount of staff | 200+ |
| 👥Amount of active traders | Over 300,000 |
| 📌Publicly Traded | None |
| 📈Regulation | Central Bank of Ireland (CBI) Australian Securities and Investments Commission (ASIC) Financial Sector Conduct Authority (FSCA) Financial Services Agency (FSA) Japan Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA), and more. |
| 🌎Country of regulation | Ireland Australia Japan UAE South Africa British Virgin Islands |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative balance protection | ✅Yes |
| 💙Investor Protection Schemes | Compensation scheme for eligible clients under certain jurisdictions |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | None |
| 💴Minor account currencies | USD EUR GBP AUD JPY CHF ZAR, and more |
| 💵Minimum Deposit | $100 |
| ⏰Average deposit/withdrawal processing time | Deposits: Instant Withdrawals: 1-3 business days |
| 💳Fund Withdrawal Fee | No fees on most payment methods, but some charges may apply depending on the method used |
| ✏️Spreads from | 0.9 pips (EUR/USD) |
| 💷Commissions | No commissions on most trades; spreads apply |
| 🔟Number of base currencies supported | 10+ |
| 💶Swap Fees | ✅Yes Swap-free accounts available for Islamic traders |
| ⬆️Leverage | Up to 1:400 depending on jurisdiction |
| 📉Margin requirements | Varies based on asset and leverage used |
| ☪️Islamic account (swap-free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | Fast execution generally less than 1 second |
| 🖥️VPS Hosting | ✅Yes for qualifying accounts |
| 👉CFDs-Total Offered | 1000+ |
| 📈CFD Stock Indices | 30+ |
| 📉CFD Commodities | 20+ |
| 📊CFD Shares | 600+ |
| 💵Deposit Options | Credit/Debit Card Bank Transfer PayPal Skrill Neteller WebMoney, and more |
| 💳Withdrawal Options | Credit/Debit Card Bank Transfer PayPal Skrill Neteller WebMoney, and more |
| 📊Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) AvaTradeGO WebTrader AvaOptions |
| 🍎OS Compatibility | Windows MacOS iOS Android |
| 🔩Forex trading tools | Autochartist Trading Central Economic Calendar AvaProtect, and more |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live chat availability | ✅Yes |
| 💻Customer Support Email address | support@avatrade.com |
| ☎️Customer Support Contact Number | Varies by region accessible through the website |
| 📱Social media Platforms | Facebook YouTube |
| ⚙️Languages supported on FBS Website | Multiple languages including English Spanish French Italian Arabic, and more |
| 🎓Education and Research | ✅Yes |
| ✏️Forex course | ✅Yes (AvaAcademy) |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | eBooks Videos Tutorials Blog Market Analysis |
| 🤝Affiliate program | ✅Yes |
| 👥Amount of partners | Thousands globally |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes Various sponsorships including the Manchester City Football Club) |
| 🎀Rebate program | ✅Yes |
| 💰Cent or Micro Accounts | None Offers Standard and Professional Accounts |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.8/5
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, ISA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Regulated by multiple authorities | High inactivity fees |
| Various trading platforms | Fixed spreads can be higher |
| Negative balance protection | Does not accept U.S. clients |
| Islamic account options | Customer support can be slow |
Frequently Asked Questions
Does AvaTrade offer Islamic (swap-free) accounts?
Yes, AvaTrade provides Islamic trading accounts that comply with Sharia law.
What is AvaTrade?
AvaTrade is a global forex and CFD broker established in 2006.
What is the minimum deposit at AvaTrade?
The minimum deposit to open a standard account is USD 100.
What trading platforms does AvaTrade offer?
AvaTrade supports: MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO, WebTrader, AvaOptions, and DupliTrade & ZuluTrade.
Overall Rating
- 4.8/5
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, ISA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
If you are a Muslim trader in Comoros seeking to trade ethically, AvaTrade offers Sharia-compliant Islamic (swap-free) accounts, making it a reliable choice. Its robust security features, dependable customer support, and comprehensive educational resources contribute to an efficient and ethical trading experience.
3. FxPro
FxPro is a globally recognized forex and CFD broker, offering a wide range of trading services to clients worldwide, including those in Comoros. For traders seeking to adhere to Islamic principles, FxPro provides Islamic (swap-free) accounts designed to comply with Sharia law.
| 🔍Broker | 🥇FxPro |
| 🔢Year Founded | 2006 |
| 👤Amount of staff | 200+ |
| 👥Amount of active traders | 1.8 million+ |
| 📌Publicly Traded | None |
| 📉Regulation | FCA (UK), CySEC (Cyprus), FSCA (South Africa), SCB (Bahamas) |
| 🌎Country of regulation | UK, Cyprus, South Africa, Bahamas |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative balance protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes (under FCA and CySEC regulations) |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | None |
| 💴Minor account currencies | EUR, USD, GBP, CHF, JPY |
| 💵Minimum Deposit | $100 |
| ⏰Average deposit/withdrawal processing time | 1-3 business days |
| 💳Fund Withdrawal Fee | None (but third-party fees may apply) |
| ✏️Spreads from | 0.0 pips (on Raw Spread accounts) |
| 💷Commissions | $3.50 per side per lot (on Raw Spread accounts) |
| 9️⃣Number of base currencies supported | 9 |
| 💸Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:500 |
| 📈Margin requirements | Depending on the leverage |
| ☪️Islamic account (swap-free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | Less than 14ms |
| 🖥️VPS Hosting | ✅Yes |
| 🫴🏻CFDs-Total Offered | 250+ |
| 📈CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💶Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Neteller, Skrill |
| 💳Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Neteller, Skrill |
| 📊Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, FxPro Trading Platform |
| 🍎OS Compatibility | Windows, macOS, Android, iOS |
| 🪛Forex trading tools | Economic Calendar, Trading Central, Autochartist |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live chat availability | ✅Yes (24/5) |
| 💻Customer Support Email address | support@fxpro.com |
| ☎️Customer Support Contact Number | +44 (0) 203 151 5550 |
| 📱Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| ⚙️Languages supported on FxPro Website | English, Spanish, German, French, Arabic, Russian, and more |
| 🎓Education and Research | ✅Yes |
| ✏️Forex course | ✅Yes |
| 🖥️Webinars | ✅Yes |
| 📖Educational Resources | Trading guides, tutorials, webinars |
| 🤝Affiliate program | ✅Yes |
| 👥Amount of partners | Not disclosed |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes (previously partnered with McLaren F1) |
| 🎀Rebate program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.7/5
Min Deposit
USD 100
Regulators
FCA, SCB
Trading Platform
MT4, MT5, cTrader, FxPro Platform
Crypto
Yes
Total Pairs
69+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pro | ❌Cons |
| Regulated Broker | No U.S. Clients |
| Low Spreads | No Fixed Spread Accounts |
| Multiple Platforms | Higher Minimum Deposit |
| Fast Execution | No Promotions or Bonuses |
Frequently Asked Questions
Does FxPro offer Islamic (swap-free) accounts?
Yes, FxPro provides Islamic (swap-free) accounts that comply with Sharia law.
What is the minimum deposit at FxPro?
The minimum deposit to open an account with FxPro is $100, making it accessible for traders of all levels.
Does FxPro offer demo accounts?
Yes, FxPro provides free demo accounts with virtual funds, allowing users to practice trading and test strategies without risking real money.
Is FxPro available to traders in Comoros?
Yes, FxPro accepts clients from Comoros, offering access to global markets through its various trading platforms.
Overall Rating
- 4.7/5
Min Deposit
USD 100
Regulators
FCA, SCB
Trading Platform
MT4, MT5, cTrader, FxPro Platform
Crypto
Yes
Total Pairs
69+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
FxPro is a well-regulated, reliable forex and CFD broker that offers a range of trading services to traders worldwide, including those in Comoros. For Muslim traders, FxPro offers Islamic (swap-free) accounts that comply with Sharia law by removing overnight interest charges.
4. Vantage Fx
Vantage FX is a globally recognized forex and CFD broker offering a range of trading services, including Islamic (swap-free) accounts for traders in Comoros seeking Sharia-compliant trading options.
The Islamic accounts are available on various account types, including Standard STP, RAW ECN, and Pro ECN. These accounts cater to different trading styles, from beginners to professional traders.
| 🔍Broker | 🥇Vantage FX |
| 🔢Year Founded | 2009 |
| 👤Amount of Staff | 200+ |
| 👥Amount of Active Traders | 500,000+ |
| 📌Publicly Traded | None |
| 📈Regulation | ASIC (Australia), FCA (UK), CIMA (Cayman Islands) |
| 🌎Country of Regulation | Australia, United Kingdom, Cayman Islands |
| 🚩Account Segregation | ✅Yes |
| ➡️Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes (FCA regulated clients) |
| 👉Institutional Accounts | ✅Yes |
| 💡Managed Accounts | ✅Yes (MAM/PAMM accounts available) |
| 💴Minor Account Currencies | USD, EUR, GBP, AUD, SGD |
| 💵Minimum Deposit | $50 |
| ⏱️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 $3 per lot (round turn) |
| 5️⃣Number of Base Currencies Supported | 5 |
| 💷Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin Requirements | Varies by instrument |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | < 30ms |
| 🖥️VPS Hosting | ✅Yes (free for eligible accounts) |
| 📊CFDs - Total Offered | 1000+ |
| 🖋️CFD Stock Indices | 15+ |
| 👉CFD Commodities | 20+ |
| 🌟CFD Shares | 500+ |
| 💷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 ProTrader |
| 📱OS Compatibility | Windows macOS iOS Android |
| 🔩Forex Trading Tools | Autochartist Trading Central VPS |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@vantagefx.com |
| ☎️Customer Support Contact Number | +44 2080 363 883 |
| 🌟Social Media Platforms | Facebook |
| ⚙️Languages Supported on Website | Multiple languages, including English Chinese Spanish |
| 🎓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 sporting events and teams) |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes (Micro accounts available) |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.7/5
Min Deposit
USD 200
Regulators
FSCA, VFSC, ASIC, FCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
49
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Regulation and Safety | Limited Research Tools |
| Low Spreads and Zero-Commission Options | Inactivity Fees |
| High Leverage Options | Commission on RAW ECN Accounts |
| Free VPS and Social Trading | Limited Availability of Islamic Accounts |
Frequently Asked Questions
Does Vantage FX offer Islamic (swap-free) accounts?
Yes, Vantage FX provides Islamic (swap-free) accounts that comply with Sharia law by eliminating overnight interest charges (riba).
What is the minimum deposit for a Vantage FX account?
The minimum deposit to open a Vantage FX account is USD 50.
What trading platforms does Vantage FX offer?
Vantage FX supports the following trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.
Are funds in my Vantage FX trading account safe?
Yes, client funds are held in segregated accounts with AA-rated Australian banks, ensuring a high level of security.
Overall Rating
- 4.7/5
Min Deposit
USD 200
Regulators
FSCA, VFSC, ASIC, FCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
49
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
Vantage FX is a well-regulated and globally recognized forex and CFD broker offering a wide range of services to traders, including those in Comoros. For Muslim traders, Vantage FX provides Islamic (swap-free) accounts that comply with Sharia law, eliminating overnight interest charges and offering an ethical trading environment.
5. BDSwiss
BDSwiss is a globally recognized forex and CFD broker, established in 2012 and regulated by multiple authorities, including the Mwali International Services Authority (MISA) in Comoros.
BDSwiss offers Islamic (swap-free) accounts that comply with Sharia law by eliminating overnight interest charges (riba). These accounts are available upon request and are intended solely for traders of the Muslim faith.
| 🔎 Broker | 🥇 BDSwiss |
| 🔢Year Founded | 2012 |
| 👥Amount of Staff | 200+ |
| 👤Amount of Active Traders | Over 1.5 million |
| 📌Publicly Traded | None |
| 📉Regulation | CySEC, FSC, FSA, NFA (for certain jurisdictions) |
| 🌎Country of Regulation | Cyprus, Mauritius, Seychelles, United States |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes, up to €20,000 under CySEC ICF |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | EUR, USD, GBP |
| 💵Minimum Deposit | $10 |
| ⏰Average Deposit/Withdrawal Processing Time | Deposits: Instant; Withdrawals: 1-5 business days |
| 💳Fund Withdrawal Fee | Free (conditions apply, e.g., minimum withdrawal amount) |
| ✏️Spreads From | 0.0 pips on Raw accounts |
| 💷Commissions | $5 per lot on Raw accounts, None on Classic accounts |
| 3️⃣Number of Base Currencies Supported | 3 (EUR, USD, GBP) |
| 💸Swap Fees | ✅Yes, applicable on most instruments |
| ⬆️Leverage | Up to 1:50 (depending on the region) |
| 📉Margin Requirements | Varies by asset and region |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes, unlimited |
| ⏱️Order Execution Time | 11.06 milliseconds on average |
| 💻VPS Hosting | Available, but conditions apply |
| 🫴🏻CFDs-Total Offered | 250+ |
| 📈CFD Stock Indices | 10+ |
| 📉CFD Commodities | 15+ |
| 📊CFD Shares | 100+ |
| 💶Deposit Options | Bank transfer, Credit/Debit Card, E-wallets (Skrill, Neteller) |
| 💳Withdrawal Options | Bank transfer, Credit/Debit Card, E-wallets (Skrill, Neteller) |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, BDSwiss WebTrader, BDSwiss Mobile App |
| 🍎OS Compatibility | Windows, MacOS, iOS, Android |
| 🪛Forex Trading Tools | Economic Calendar, Trading Alerts, Autochartist, Trading Academy |
| 🎓Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@bdswiss.com |
| ☎️Customer Support Contact Number | +44 203 695 3086 (UK) |
| 📱Social Media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| ⚙️Languages Supported on HFM Website | 20+ including English, German, French, Spanish, Italian |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Articles, Video Tutorials, Market News, eBooks |
| 🤝Affiliate Program | ✅Yes |
| 👥Amount of Partners | Not publicly disclosed |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes, various financial and sports events |
| 🎀Rebate Program | ✅Yes |
| 🚀 Open a account | 👉 Open Account |
Overall Rating
- 3.7/5
Min Deposit
USD 10
Regulators
FSC, FSA, FSCA, MISA, SCA
Trading Platform
MT4, MT5, BDSwiss Mobile app, BDSwiss WebTrader
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Regulated and Secure | Higher Fees on Certain Accounts |
| Diverse Account Types | Limited Leverage for EU Clients |
| Advanced Trading Platforms | Inactivity Fees |
| Negative Balance Protection | Limited Cryptocurrency Options |
Frequently Asked Questions
Does BDSwiss offer Islamic (swap-free) accounts?
Yes, BDSwiss offers Islamic accounts that comply with Sharia law by eliminating overnight interest charges (swaps).
Are there any inactivity fees?
Yes, if your trading account remains inactive for more than 90 consecutive days, BDSwiss charges a monthly inactivity fee of $30 or the equivalent in your account’s base currency.
What is BDSwiss?
BDSwiss is an online broker offering trading services for forex, CFDs, stocks, commodities, indices, and cryptocurrencies. It provides various account types and trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and BDSwiss WebTrader.
What account types are available on BDSwiss?
BDSwiss offers several account types to suit different traders’ needs, including Classic Account, Zero Spread Account, Cent Account, and VIP Account.
Overall Rating
- 3.7/5
Min Deposit
USD 10
Regulators
FSC, FSA, FSCA, MISA, SCA
Trading Platform
MT4, MT5, BDSwiss Mobile app, BDSwiss WebTrader
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
For Muslim traders, BDSwiss offers Islamic (swap-free) accounts that comply with Sharia law, ensuring no overnight interest charges. With an easy account registration process, multiple deposit and withdrawal methods, and a wide range of trading tools, BDSwiss stands out as a strong choice for traders looking for ethical and transparent trading options.
6. Exness
Exness is a globally regulated forex and CFD broker, offering a range of trading instruments including forex, commodities, indices, metals, and cryptocurrencies.
Regarding Islamic accounts, Exness offers swap-free accounts to Muslim traders, adhering to Sharia law by eliminating overnight interest charges. For traders in Comoros, Exness accepts clients and offers access to global markets through its various trading platforms.
| 🔍Broker | 🥇Exness |
| 🔢Year Founded | 2008 |
| 👤Amount of Staff | 1,200+ |
| 👥Amount of Active Traders | Over 400,000 |
| 📌Publicly Traded | None |
| 📈Regulation | FSA CBCS FSC FSC BVI FSCA CySEC FCA CMA |
| 🌎Country of Regulation | UK Cyprus South Africa Seychelles Curaçao |
| 🗂️Account Segregation | ✅Yes |
| 🌟Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes as per regulatory requirements |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | ✅Yes |
| 💵Minimum Deposit | $10 |
| ⏰Average Deposit/Withdrawal Processing Time | Instant for most payment methods |
| 💳Fund Withdrawal Fee | None |
| ✏️Spreads from | 0.0 pips on Raw Spread accounts |
| 💶Commissions | From $3.5 per lot on Raw Spread accounts |
| 🔢Number of Base Currencies Supported | Over 80 |
| 💷Swap Fees | ✅Yes, swap-free options available for certain accounts |
| ⬆️Leverage | Up to 1:2000 (unlimited for certain conditions) |
| 📉Margin Requirements | Variable based on leverage and instruments |
| ☪️Islamic Account (Swap-Free) | ✅Yes, available upon request |
| 🆓Demo Account | ✅Yes |
| ⏰Order Execution Time | 0.01 seconds on average |
| 🖥️VPS Hosting | ✅Yes available for free on meeting certain criteria |
| 📈CFDs-Total Offered | Over 100 |
| 👉CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💴Deposit Options | Bank transfer Credit/debit cards e-wallets Cryptocurrencies |
| 💳Withdrawal Options | Bank transfer Credit/debit cards e-wallets Cryptocurrencies |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 Exness Web Terminal |
| 🍎OS Compatibility | Windows Mac iOS Android |
| 🔩Forex Trading Tools | Technical analysis tools Trading calculators VPS |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes, 24/7 |
| 💻Customer Support Email Address | support@exness.com |
| ☎️Customer Support Contact Number | Varies by region, generally available on their website |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | Multiple, including English Chinese Arabic Russian, etc. |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes online courses available |
| 🖥️Webinars | ✅Yes |
| 📖Educational Resources | Articles videos e-books trading guides |
| 🤝Affiliate Program | ✅Yes |
| 👤Amount of Partners | Thousands |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | None |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes Cent accounts available |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, Web Terminal, Trader App
Crypto
Yes
Total Pairs
100+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Regulated Broker | Complex Fee Structure |
| High Leverage | Withdrawal Times |
| Multiple Trading Platforms | Variable Customer Support |
| Diverse Trading Instruments | Website Complexity |
Frequently Asked Questions
Does Exness offer Islamic (swap-free) accounts?
Yes, Exness offers Islamic accounts designed to comply with Sharia law by eliminating overnight interest charges (swaps).
Are there any additional charges on Islamic accounts?
No, Islamic accounts with Exness do not incur additional charges beyond standard trading costs.
What platforms can I use with an Islamic account?
Islamic accounts with Exness support popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Exness Terminal.
Is Exness available in Comoros?
Yes, Exness operates in Comoros.
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, Web Terminal, Trader App
Crypto
Yes
Total Pairs
100+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
For Muslim traders, Exness offers Islamic (swap-free) accounts that adhere to Sharia law by eliminating overnight interest charges (swaps). These accounts are available upon request and can be used for a wide range of instruments, including cryptocurrencies. If you’re considering trading with Exness, you can easily access their services and open an Islamic account if you meet the criteria.
Is Forex Trading in Comoros Compliant with Sharia Law?
Yes, Forex trading in Comoros can be compliant with Sharia law, provided that certain conditions are met. Sharia law prohibits interest (riba), gambling (maysir), and speculative trading (gharar).
In the context of Forex trading, these principles can be adhered to by ensuring the following:
-
No Riba (Interest): To comply with Sharia law, the Forex trading platform must offer Islamic (swap-free) accounts. These accounts eliminate overnight interest charges (swaps), which are otherwise commonly charged or credited in conventional Forex trading.
-
No Speculation (Gharar): Forex trading can be considered speculative, and Sharia law discourages activities that involve excessive risk or uncertainty. Some brokers address this by offering trading methods that limit high-risk strategies and ensure more transparent, ethical trading.
-
No Gambling (Maysir): Forex trading in itself does not inherently fall under gambling, but trading with excessive leverage or engaging in high-risk speculative practices may be seen as violating this principle.
Islamic Forex Accounts
Many reputable brokers, such as Exness, BDSwiss, and others, offer Islamic accounts that cater to Muslim traders. These accounts do not incur overnight interest charges and ensure compliance with Sharia law.
Forex trading in Comoros can be compliant with Sharia law if the broker offers an Islamic account and the trading activities align with the ethical principles outlined by Sharia.
In Conclusion
Forex trading in Comoros can be fully compliant with Sharia law if you choose a broker that offers Islamic accounts. These accounts are specifically designed to eliminate interest (riba) by removing swap charges, making them suitable for Muslim traders who wish to avoid transactions that violate Islamic finance principles.
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Frequently Asked Questions
Does HYCM charge any fees for withdrawals?
HYCM does not charge additional fees for deposits and/or withdrawals.
Does AvaTrade offer a demo account?
Yes, AvaTrade provides a free demo account with virtual funds, allowing users to practice trading and test strategies without risking real money.
What trading platforms does FxPro support?
FxPro supports multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and FxPro Edge.
Can I trade from Comoros with Vantage FX?
Yes, Vantage FX accepts clients from Comoros, offering access to global markets through its various trading platforms.
Does BDSwiss offer Islamic (swap-free) accounts?
Yes, BDSwiss offers Islamic (swap-free) accounts to comply with Sharia law by removing overnight interest charges (riba).
Can I trade cryptocurrencies with an Exness Islamic account?
Yes, Exness allows trading of cryptocurrencies on Islamic accounts, provided the instruments are eligible for swap-free trading.
What is an Islamic Forex account?
An Islamic Forex account is a special type of trading account that complies with Sharia law by eliminating swap fees (overnight interest charges).
Do Forex brokers in Comoros offer Islamic accounts?
Yes, several reputable Forex brokers that operate globally, including Exness, BDSwiss, and AvaTrade, offer Islamic accounts for traders in Comoros. These brokers cater to Muslim traders by offering swap-free trading options.
Are there any additional charges for Islamic accounts?
No, Islamic accounts are designed to eliminate overnight interest (riba).
What is the difference between a regular Forex account and an Islamic account?
The main difference between a regular Forex account and an Islamic account is the swap fee. Islamic accounts do not incur swap interest, which is typically charged or credited when holding a position overnight.
Are Islamic accounts available on all trading platforms?
Yes, Islamic accounts are typically available on popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Is Forex trading in Comoros allowed for Muslims?
Yes, Forex trading in Comoros is allowed for Muslims, as long as the trading is done in a way that complies with Sharia law.
Can I convert my regular account into an Islamic account?
Yes, many brokers allow you to convert your regular account into an Islamic account after registration.
Top 4 Brokers
