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8 Best Forex Brokers with Islamic Accounts in Congo

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The 8 Best Forex Brokers with Islamic Accounts in Congo – Rated and Reviewed. We have listed the best Brokers that offer Islamic accounts in Congo in 2025*.

 

In this in-depth write-up you will learn:

 

  • A List of the 8 Best Forex Brokers with Islamic Accounts in Congo
  • Pros and Cons of Forex Trading
  • Is Forex Trading in Congo Compliant with Sharia Law?

 

and much, much more!

 

🔍Forex Broker✏️Sign Up Here🫴🏻Offers Islamic Account💵Minimum Deposit💰Minimum Deposit (CDF)
🥇FP Markets👉 Click Here✅ Yes100 USD287,700 CDF
🥈XM👉 Click Here✅ Yes5 USD14,385 CDF
🥉IC Markets👉 Click Here✅ Yes200 USD575,400 CDF
🏅HFM👉 Click Here✅ Yes0 USD0 CDF
🏆FBS👉 Click Here✅ Yes5 USD14,385 CDF
🥇FXTM👉 Click Here✅ Yes200 USD575,400 CDF
🥈FXCM👉 Click Here✅ Yes50 USD143,850 CDF
🥉Octa👉 Click Here✅ Yes25 USD71,925 CDF

 

8 Best Forex Brokers with Islamic Accounts in Congo (2025)

 

  1. ☑️FP Markets – Overall, The Best Broker with an Islamic Account in Congo
  2. ☑️XM – Exceptional Customer Service
  3. ☑️IC Markets – Best CFD Forex Broker
  4. ☑️HFM – Best Affiliate Program
  5. ☑️FBS – Outstanding Mobile App
  6. ☑️FXTM – Best Educational Provider
  7. ☑️FXCM – Best Copy Trading Platform
  8. ☑️Octa – Best Proprietary Platform

 

FP Markets Review Main Banner Image

 

1. FP Markets

FP Markets is a globally recognized forex and CFD broker established in 2005, offering a wide range of trading instruments, including forex pairs, commodities, indices, metals, and cryptocurrencies.

For traders in Congo, FP Markets offers Islamic (swap-free) accounts that comply with Sharia law by eliminating overnight interest charges.

 

🔍Broker🥇FP Markets
🔢Year Founded2005
👥Amount of StaffOver 200
👤Amount of Active Traders60,000+
📍Publicly Traded None
📈RegulationASIC (Australia)
CySEC (Cyprus)
FSCA (South Africa)
🌎Country of RegulationAustralia
Cyprus
South Africa
🗂️Account Segregation✅Yes
📌Negative Balance Protection✅Yes
🚩Investor Protection Schemes✅Yes (CySEC)
🖋️Account Types and FeaturesStandard
Raw ECN
VIP accounts
available
🎉Institutional Accounts✅Yes
👤Managed AccountsNone
💵Minor Account CurrenciesEUR
USD
GBP
AUD
CAD
CHF
JPY
NZD
SGD
HKD
💴Minimum Deposit$100
⏱️Average Deposit/Withdrawal Processing TimeInstant - 1 business day
💸Fund Withdrawal FeeNone
✏️Spreads 0.0 pips
💷CommissionsFrom $3
per side
(Raw account)
🔢Number of Base Currencies Supported10
💶Swap Fees✅Yes
⬆️LeverageUp to 1:500
📉Margin RequirementsVaries by
instrument
and account
type
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time< 40ms
➡️VPS Hosting✅Yes
(for eligible
accounts)
🫴🏻CFDs - Total Offered10,000+
📊CFD Stock Indices23+
💡CFD Commodities12+
👉CFD Shares2,000+
💳Deposit OptionsBank transfer
Credit/Debit card
PayPal
Neteller
Skrill
Fasapay
and more
💳Withdrawal OptionsBank transfer
Credit/Debit card
PayPal
Neteller
Skrill
Fasapay
and more
🛎️Trading PlatformsMetaTrader 4
MetaTrader 5
IRESS,WebTrader
Mobile Apps
💻OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAutochartist
VPS
Trading Central
Myfxbook
🤝Customer Support✅Yes
🗣️Live Chat Availability✅Yes
🖥️Customer Support Email Addresssupport@fpmarkets.com
☎️Customer Support Contact Number+61 2 8252 6800
📱Social Media PlatformsFacebook
Twitter
LinkedIn
Instagram
YouTube
⚙️Languages Supported on Website10+ including
English
Spanish
Chinese
Arabic
📖Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
🎓Educational Resources✅Yes
(articles,
videos, eBooks,
market
analysis)
🤝Affiliate Program✅Yes
👥Amount of PartnersThousands worldwide
👍IB Program✅Yes
🎁Sponsorships✅Yes,
involved in
sports
sponsorships
💴Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
(Micro Accounts)
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

AUD 100 

Regulators

ASIC, CySEC, FSCA, FSA, FSC, CMA

Trading Platform

MT4, MT5, Iress, WebTrader, cTrader, TradingView, Mobile App

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Regulated BrokerWithdrawal Fees
Competitive SpreadsComplex Fee Structure
Multiple Trading
Platforms
Limited Research Tools
Good Customer SupportNo Social Trading
Features

 

Frequently Asked Questions

 

Does FP Markets offer Islamic (swap-free) accounts?

Yes, FP Markets offers Islamic accounts that are free from overnight swap charges, in compliance with Sharia law.

 

What trading platforms are available on FP Markets?

FP Markets supports: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the IRESS platform.

 

What account types does FP Markets offer?

Two main account types: Standard Account, Raw Account, and an Islamic Account.

 

Does FP Markets charge any deposit or withdrawal fees?

Most deposit and withdrawal methods are free of charge, but some third-party fees may apply depending on your payment method and region.

 

Overall Rating

Min Deposit

AUD 100 

Regulators

ASIC, CySEC, FSCA, FSA, FSC, CMA

Trading Platform

MT4, MT5, Iress, WebTrader, cTrader, TradingView, Mobile App

Crypto

Yes

Total Pairs

70+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

For traders in Congo who follow Islamic principles, FP Markets provides Islamic (swap-free) accounts designed to comply with Sharia law by removing overnight interest fees. If you’re in Congo and looking for a Sharia-compliant broker, FP Markets is worth considering.

 

XM Review

 

2. XM

XM is a globally recognized forex and CFD broker known for its user-friendly platforms, competitive trading conditions, and commitment to accommodating traders from diverse backgrounds.

For traders in Congo, XM offers Islamic (swap-free) accounts that comply with Sharia law, ensuring that Muslim traders can engage in forex trading without incurring or receiving interest (riba).

 

🔍Broker🥇XM
🔢Year Founded2009
👤Amount of Staff600+
👥Amount of Active Traders5,000,000+
📌Publicly Traded None
📈RegulationCySEC (Cyprus)
ASIC (Australia)
IFSC (Belize)
FCA (UK)
🌎Country of RegulationCyprus
Australia
Belize
UK
🗂️Account Segregation✅Yes
➡️Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes,
up to
€20,000
under CySEC
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesUSD
EUR
GBP
JPY
CHF
AUD
HUF
PLN
💵Minimum Deposit$5
⏰Average Deposit/Withdrawal Processing TimeWithin 24 hours
💷Fund Withdrawal FeeNone, but
third-party
fees may
apply
✏️Spreads 0.6 pips
💶CommissionsZero on
Standard and
Micro accounts
commission
on Zero
accounts
🔢Number of Base Currencies Supported11
💸Swap Fees✅Yes
⬆️LeverageUp to 1:1000
📉Margin RequirementsVaries 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 Offered1,000+
📈CFD Stock Indices30+
➡️CFD Commodities15+
📊CFD Shares1,200+
💳Deposit OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
💴Withdrawal OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
💡Trading PlatformsMetaTrader 4
MetaTrader 5
XM WebTrader
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAutochartist
Trading Signals
VPS
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@xm.com
☎️Customer Support Contact Number+357 25029933
📱Social Media PlatformsFacebook
Twitter
LinkedIn
Instagram
YouTube
⚙️Languages Supported on Website30+ languages
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
Video Tutorials
Market Analysis
🤝Affiliate Program✅Yes
👥Amount of PartnersNot 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

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 DepositInactivity 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 provides Islamic (swap-free) accounts that comply with Sharia law.

 

What account types does XM offer?

XM offers several account types to cater to different trading needs: Micro Account, Standard Account, Ultra Low Account, and Shares Account.

 

Is XM suitable for traders in Congo?

Yes, XM accepts clients from Congo and offers services tailored to meet the needs of traders in the region.

 

Can I open multiple trading accounts with XM?

Yes, XM allows clients to open up to 8 active trading accounts.

 

Overall Rating

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 is a reputable and well-regulated broker that caters to a global audience, including traders in Congo. For Muslim traders, XM offers Islamic (swap-free) accounts that align with Sharia law, ensuring a halal trading experience without overnight interest charges.

 

IC Markets Review

 

3. IC Markets

IC Markets is a globally recognized forex and CFD broker known for its competitive trading conditions and diverse account offerings.

For traders seeking Islamic (swap-free) accounts, IC Markets provides options that comply with Sharia law.

 

🔍Broker🥇IC Markets
🔢Year Founded2007
👤Amount of StaffOver 200
👥Amount of Active TradersOver 200,000
📌Publicly Traded None
📈RegulationASIC
CySEC
FSA
SCB
🌎Country of RegulationAustralia
Cyprus
Seychelles
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes (varies by regulation)
💙Investor Protection Schemes✅Yes (under CySEC regulation)
➡️Institutional Accounts✅Yes
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesAUD
USD
EUR
GBP
SGD
JPY
CHF
NZD
HKD
CAD
💵Minimum Deposit$200
⏰Average Deposit/Withdrawal Processing Time1-2 business days
💳Fund Withdrawal FeeNone
✏️Spreads from0.0 pips
(Raw Spread
Account)
💶Commissions$3.5 per side
per lot (Raw
Spread
Account)
🔟Number of Base Currencies Supported10
💷Swap Fees✅Yes
⬆️LeverageUp to 1:500
📉Margin RequirementsDepends on
leverage
and
instrument
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time40 milliseconds
🖥️VPS Hosting✅Yes
(free under
certain
trading
conditions)
📈CFDs-Total OfferedOver 2,000
↪️CFD Stock Indices✅Yes
👉CFD Commodities✅Yes
📊CFD Shares✅Yes
💴Deposit OptionsBank Transfer
Credit/Debit Cards
PayPal
Skrill
Neteller
UnionPay, etc.
💳Withdrawal OptionsBank Transfer
Credit/Debit Cards
PayPal
Skrill
Neteller
UnionPay, etc.
📊Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
🍎OS CompatibilityWindows
Mac
iOS
Android
✏️Forex Trading ToolsMarket analysis
Economic calendar
VPS
Autochartist
Myfxbook
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@icmarkets.com
☎️Customer Support Contact Number+61 (0)2 8014 4280
📱Social Media PlatformsFacebook
Twitter
LinkedIn
Instagram
YouTube
⚙️Languages Supported on WebsiteEnglish
Chinese
Spanish
French
German, and more
🎓Education and Research✅Yes
✏️Forex Course✅Yes
🖥️Webinars✅Yes
📖Educational ResourcesArticles
video tutorials
eBooks
webinars
FAQs
🤝Affiliate Program✅Yes
👤Amount of PartnersNot specified
🫰🏻IB Program✅Yes
🎁SponsorshipsNo known
sponsorships
🎀Rebate Program✅Yes
💰Cent or Micro AccountsNone
🚀Open an Account👉 Click Here

 

Overall Rating

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 SpreadsWithdrawal Fees
Multiple Trading
Platforms
Limited Research Tools
High LeverageNo Proprietary
Trading App
Variety of Account TypesInactivity Fees

 

Frequently Asked Questions

 

What trading platforms does IC Markets offer?

IC Markets supports multiple trading platforms to cater to various trading preferences: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView.

 

What account types are available at IC Markets?

IC Markets offers several account types to suit different trading strategies: Standard Account, Raw Spread Account, and an Islamic (Swap-Free) Account.

 

What is the minimum deposit required to open an account?

The minimum deposit to open an account with IC Markets is $200.​

 

Does IC Markets offer Islamic (swap-free) accounts?

Yes, IC Markets offers Islamic accounts, also known as swap-free accounts, for clients who cannot earn or pay interest due to their religious beliefs.

 

Overall Rating

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 globally trusted broker known for its ultra-low spreads, fast execution, and support for popular trading platforms like MT4, MT5, and cTrader. It offers Islamic (swap-free) accounts, making it a suitable choice for Muslim traders seeking to trade under Sharia law.

 

HFM Review

 

4. HFM

HFM is a globally recognized forex and CFD broker that offers a variety of account types, including Islamic (swap-free) accounts designed to comply with Sharia law.

For traders in Congo, HFM provides access to these Islamic accounts, ensuring that trading activities align with religious principles.

 

🔍Broker🥇HFM
🔢Year Founded2010
👤Amount of Staff200+
👥Amount of Active Traders2.5 million+
📌Publicly Traded None
📈RegulationFSCA
DFSA
FSA
FCA
FSC
CMA
🌎Country of RegulationUK
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 CurrenciesUSD
EUR
GBP
JPY
AUD
ZAR
💶Minimum Deposit0 USD
⏱️Average Deposit/Withdrawal Processing Time1 - 3 business days
💴Fund Withdrawal FeeNone,
but third-party
fees
may apply
✏️Spreads 0.0 pips
💷CommissionsFrom $6 per
lot
(round turn)
🔢Number of Base Currencies Supported12
💵Swap Fees✅Yes
⬆️LeverageUp to 1:1000
📉Margin RequirementsVaries by instrument
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time< 30ms
🖥️VPS Hosting✅Yes
📈CFDs - Total Offered1,200+
📊CFD Stock Indices20+
✏️CFD Commodities20+
👉CFD Shares950+
💳Deposit OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
Local Payment Methods
💴Withdrawal OptionsBank transfer
Credit/Debit cards
Skrill
Neteller
PayPal
Cryptocurrencies
Local Payment Methods
📊Trading PlatformsMetaTrader 4
MetaTrader 5
HF App
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsAutochartist
Trading Central
VPS
HFcopy
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@hfm.com
☎️Customer Support Contact Number+44 203 097 5796
📱Social Media PlatformsFacebook
Twitter
Instagram
LinkedIn
YouTube
⚙️Languages Supported on WebsiteMultiple
languages,
including English,
Chinese, Spanish,
Arabic
🎓Education and Research✅Yes
✏️Forex Course✅Yes
🖥️Webinars✅Yes
📖Educational ResourcesArticles
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

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 BrokerLimited Research Tools
Wide Range of
Account Types
Variable Spreads
Multiple Trading
Platforms
Withdrawal Fees
User-Friendly InterfaceComplex Fee Structure

 

Frequently Asked Questions

 

Does HFM offer Islamic (swap-free) accounts?

Yes, HFM provides Islamic accounts that comply with Sharia law, meaning they do not incur or pay interest on overnight positions.

 

Which account types are available as Islamic accounts?

Islamic accounts are available for the following account types: Micro Account, Premium Account, and the Zero Spread Account.

 

What leverage is applied to my account?

Leverage available for HFM trading accounts is up to 1:2000, depending on the account type.

 

Does HFM charge any withdrawal fees?

HFM does not charge any fees on withdrawal requests.

 

Overall Rating

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

HFM provides Islamic (swap-free) accounts that comply with Sharia law, making it an attractive option for Muslim traders. HFM supports traders from a wide range of countries, including those in Africa, with tailored services like Islamic accounts for regions such as Congo.

 

review FBS

 

5. FBS

FBS is a globally recognized forex broker offering a range of trading services, including Islamic (swap-free) accounts tailored for Muslim traders seeking to align their trading activities with Sharia law.​

FBS accepts clients from various countries, including the Republic of the Congo and the Democratic Republic of the Congo. Traders from these regions can open Islamic accounts by registering on the FBS website and selecting the swap-free option during account setup.

 

🔍Broker🥇FBS
🔢Year Founded2009
👤Amount of Staff300+
👥Amount of Active TradersOver 17 million
📌Publicly Traded None
📈RegulationFSC
CySEC
ASIC
🌎Country of RegulationBelize
Cyprus
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes,
under CySEC
regulations
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesUSD
EUR
JPY
GBP, and more
💵Minimum Deposit$1
⏰Average Deposit/Withdrawal TimeInstant to
48 hours
💳Fund Withdrawal FeeNo fees
for most
methods
✏️Spreads from0.0 pips
💷CommissionsFrom $0 to
$20 per
lot,
depending
on
account
type
5️⃣Number of Base Currencies5+
💶Swap FeesApplicable on
most
accounts
except for
Islamic
accounts
⬆️LeverageUp to 1:3000
📉Margin RequirementsDepends on
leverage
and
account
type
☪️Islamic Account (Swap-free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeFrom 0.3 seconds
🖥️VPS Hosting✅Yes
🫴🏻CFDs-Total Offered200+
👉CFD Stock Indices✅Yes
📈CFD Commodities✅Yes
📊CFD Shares✅Yes
💴Deposit OptionsBank transfer
Credit/debit cards
e-wallets (Neteller,
Skrill, etc.)
local payment
systems
💳Withdrawal OptionsBank transfer
Credit/debit cards
e-wallets
(Neteller, Skrill, etc.)
local payment
systems
↪️Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
FBS Trader App
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsEconomic calendar
Forex calculators
Market analysis
VPS
Trading signals
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes, 24/7
💻Customer Support Email Addresssupport@fbs.com
☎️Customer Support Contact NumberCallback Option
📱Social Media PlatformsFacebook
Instagram
YouTube
Twitter
LinkedIn
Telegram
⚙️Languages Supported
on Website
20+
(including
English,
Spanish,
Portuguese,
Chinese,
Arabic, etc.)
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
videos
eBooks
webinars
tutorials
🤝Affiliate Program✅Yes
👥Amount of Partners450,000+
🫰🏻IB Program✅Yes
🎁SponsorshipsNo significant
sponsorships
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, ASIC, CySEC

Trading Platform

MT4, MT5, FBS App

Crypto

Yes

Total Pairs

550+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Low Minimum DepositHigh Leverage Risks
Wide Range of
Account Types
Inactivity Fees
High LeverageWithdrawal Fees
Bonuses and PromotionsCommissions on
Some Accounts

 

Frequently Asked Questions

 

What leverage is applied to my account?

Leverage available for FBS trading accounts is up to 1:3000, depending on the account type and trading instrument.

 

Does FBS offer Islamic (swap-free) accounts?

Yes, FBS provides Islamic accounts that comply with Sharia law, meaning they do not incur or pay interest on overnight positions.

 

Are Islamic accounts available for all account types?

Yes, the swap-free option is available across all FBS account types, including Standard, Cent, and Pro accounts.

 

What account types does FBS offer?

FBS provides several account types to cater to different trading needs:​ Standard Account, Cent Account, Pro Account, Zero Spread Account, and an Islamic Account.

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, ASIC, CySEC

Trading Platform

MT4, MT5, FBS App

Crypto

Yes

Total Pairs

550+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

FBS is a well-established forex broker offering a wide range of account types to suit different traders’ needs. With its swap-free Islamic accounts, it caters to Muslim traders seeking to comply with Sharia law by avoiding interest on overnight positions. For traders in Congo and beyond, FBS is a viable option offering tailored accounts and comprehensive tools to support their trading journey.

 

FXTM Review Banner

 

6. FXTM

FXTM is a global online trading broker offering a wide range of financial instruments, including forex, indices, commodities, and stocks.

FXTM offers Islamic (swap-free) accounts designed to comply with Sharia law by eliminating interest-based charges on overnight positions. FXTM accepts clients from various countries; however, certain services, such as stock trading, may not be available to residents of specific regions, including the Republic of the Congo.

 

🔍Broker🥇FXTM
🔢Year Founded2011
👤Amount of StaffOver 800
👥Amount of Active TradersOver 4 million
📌Publicly Traded None
📈RegulationFCA
CySEC
FSC
🌎Country of RegulationUK
Cyprus
South Africa
Mauritius
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes
💙Investor Protection Schemes✅Yes
(varies by
regulatory
entity)
➡️Institutional Accounts✅Yes
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesUSD
EUR
GBP
NGN
💵Minimum Deposit$10 for Cent Accounts
⏰Average Deposit/Withdrawal Processing TimeInstant - 24 hours
💳Fund Withdrawal FeeNone
(but third-party
fees may
apply)
✏️Spreads from0.0 pips
💶Commissions$0 - $4 per lot
depending on
account type
4️⃣Number of Base Currencies Supported4
💷Swap Fees✅Yes
⬆️LeverageUp to 1:2000
📉Margin RequirementsBased on leverage
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏰Order Execution Time0.05 seconds (Average)
🖥️VPS Hosting✅Yes
(Free with
conditions)
📈CFDs-Total OfferedOver 250
👉CFD Stock Indices✅Yes
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💴Deposit OptionsBank transfer
Credit/debit cards
e-wallets
(Skrill
Neteller, etc.)
💳Withdrawal OptionsBank transfer
Credit/debit cards
e-wallets
(Skrill
Neteller, etc.)
📊Trading PlatformsMetaTrader 4
MetaTrader 5
FXTM Trader App
🍎OS CompatibilityWindows
macOS
iOS
Android
🔩Forex Trading ToolsForex calculators
VPS
Trading signals
Market analysis tools
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@fxtm.com
☎️Customer Support Contact Number+44 203 734 1098
📱Social Media PlatformsFacebook
Twitter
Instagram
LinkedIn
YouTube
⚙️Languages Supported on Website16+
🎓Education and Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles
tutorials
eBooks
Video tutorials
🤝Affiliate Program✅Yes
👤Amount of PartnersOver 1,000
🫰🏻IB Program✅Yes
🎁SponsorshipsNo notable
current
sponsorships
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
(Cent Account)
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 200

Regulators

FSC, CMA, CMA, SCA

Trading Platform

MT4, MT5, FXTM App

Crypto

Yes

Total Pairs

63+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Regulated BrokerHigh Spreads on
Some Accounts
Variety of Account TypesWithdrawal Fees
Promotions and BonusesInactivity Fees

 

Frequently Asked Questions

 

What account types does FXTM offer?

FXTM provides several account types tailored to different trading needs:​ Micro Account, Advantage Account, Advantage Plus Account, ECN Account, and Demo Account.

 

What is the minimum deposit required to open an account?

The minimum deposit is $200.

 

Does FXTM offer Islamic (swap-free) accounts?

Yes, FXTM provides swap-free accounts that comply with Sharia law by eliminating interest-based charges on overnight positions.

 

What trading platforms does FXTM offer?

FXTM provides access to: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the FXTM Trader App.

 

Overall Rating

Min Deposit

USD 200

Regulators

FSC, CMA, CMA, SCA

Trading Platform

MT4, MT5, FXTM App

Crypto

Yes

Total Pairs

63+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

FXTM is a globally recognized broker that offers a variety of account types, including Islamic (swap-free) accounts tailored to Muslim traders. FXTM is a suitable choice for traders in Congo and other regions, especially those seeking Sharia-compliant trading options.

 

FXCM Review

 

7. FXCM

FXCM is a global online forex and CFD broker offering a range of trading services. FXCM’s Islamic accounts eliminate interest-based charges (swaps) to comply with Sharia law. These accounts are designed specifically for Muslim traders who wish to participate in the financial markets while adhering to their religious principles.

 

🔍Broke🥇FXCM
🔢Year Founded1999
👤Amount of StaffOver 600
👥Amount of Active TradersOver 130,000
worldwide
📌Publicly Traded None
📉RegulationFCA,
ASIC,
FSCA,
CySEC
🌎Country of RegulationUnited Kingdom,
Australia,
South Africa,
among
others
🗂️Account Segregation✅Yes
🌟Negative Balance Protection✅Yes (only for
retail clients
under FCA
and ASIC
regulation)
💙Investor Protection SchemesFSCS (UK)
➡️Institutional Accounts✅Yes
🫴🏻Managed Accounts✅Yes (through
FXCM Prime)
💴Minor Account CurrenciesEUR,
GBP,
AUD,
JPY,
CAD,
CHF
💵Minimum Deposit$50 for
most account
types
⏰Average Deposit/Withdrawal Time1-3 business days
💳Fund Withdrawal FeeVaries by method
✏️Spreads From1.3 pips (EUR/USD)
💷Commissions✅Yes,
depending on
the account
type
5️⃣Number of Base Currencies Supported5
💸Swap Fees✅Yes
⬆️LeverageUp to 1:400
(depending on
the region)
📈Margin RequirementsVaries by asset
class and
region
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution TimeLess than 1 second
🖥️VPS Hosting✅Yes, for
eligible clients
👉CFDs - Total OfferedOver 300
📈CFD Stock Indices✅Yes
📉CFD Commodities✅Yes
📊CFD Shares✅Yes
💶Deposit OptionsCredit/Debit cards,
Bank Transfer,
Skrill,
Neteller,
UnionPay, etc.
💳Withdrawal OptionsBank Transfer,
Credit/Debit cards,
Skrill,
Neteller, etc.
📊Trading PlatformsTrading Station,
MetaTrader 4 (MT4),
NinjaTrader,
ZuluTrade
🍎OS CompatibilityWindows,
Mac,
iOS,
Android
🪛Forex Trading ToolsTrading signals,
market analysis,
research tools,
automated
trading options
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addressinfo@fxcm.com
☎️Customer Support Contact NumberVaries by region
📱Social Media PlatformsFacebook,
Twitter,
LinkedIn,
YouTube
⚙️Languages Supported on WebsiteEnglish,
French,
German,
Italian,
Chinese,
Japanese,
Arabic,
Spanish,
and more
🎓Education ans Research✅Yes
✏️Forex Course✅Yes
💻Webinars✅Yes
📖Educational ResourcesArticles,
videos,
tutorials,
webinars,
trading guides
🤝Affiliate Program✅Yes
👥Amount of PartnersNot specified
🫰🏻IB Program✅Yes
🎁SponsorshipsNo notable
sponsorships
currently
🎀Rebate Program✅Yes
💰Cent or Micro Accounts✅Yes
🚀Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 50

Regulators

FCA, ASIC, FSCA, CySEC

Trading Platform

MT4

Crypto

Yes

Total Pairs

42

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Pros and Cons

✅Pros❌Cons
Regulated BrokerLimited Range of
Account Types
Multiple Trading
Platforms
Not Available in
All Regions
Competitive SpreadsCommission on
Certain Accounts
User-Friendly InterfaceCustomer Support
Limitations

 

Frequently Asked Questions

 

What is FXCM?

FXCM is a global online forex and CFD broker offering trading services in various financial instruments, including currencies, indices, commodities, and cryptocurrencies.

 

Does FXCM offer Islamic (swap-free) accounts?

Yes, FXCM provides Islamic accounts that comply with Sharia law by eliminating interest-based charges on overnight positions.

 

Does FXCM accept third-party deposits?

No, FXCM does not accept third-party deposits as they violate FXCM’s Anti-Money Laundering policies.

 

What leverage does FXCM offer?

FXCM offers leverage up to 1000:1 on new accounts.

 

Overall Rating

Min Deposit

USD 50

Regulators

FCA, ASIC, FSCA, CySEC

Trading Platform

MT4

Crypto

Yes

Total Pairs

42

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Verdict

FXCM provides access to top-tier platforms like MetaTrader 4, Trading Station, and TradingView. FXCM’s Islamic (swap-free) accounts are designed to comply with Sharia law by eliminating interest-based charges on overnight positions, offering a viable solution for Muslim traders.

 

Octa Review

 

8. Octa

Octa is a global forex and CFD broker offering Islamic (swap-free) accounts designed to comply with Sharia law. Octa provides services to traders in the Republic of the Congo, including access to Islamic accounts.

 

🔍Broker🥇OctaFX
🔢Year Founded2011
👤Amount of Staff300+
👥Amount of Active TradersOver 1.5 million
📌Publicly Traded None
📈RegulationUnregulated
🌎Country of RegulationN/A
🗂️Account Segregation✅Yes
❌Negative Balance Protection✅Yes
💙Investor Protection SchemesNone
➡️Institutional AccountsNone
🫴🏻Managed AccountsNone
💴Minor Account CurrenciesEUR
USD
💵Minimum Deposit$25
⏰Average Deposit/Withdrawal Processing TimeWithin 1-3 hours
💳Fund Withdrawal FeeNo fees
✏️Spreads from0.6 pips
💶CommissionsZero commissions
2️⃣Number of Base Currencies Supported2 (USD, EUR)
💷Swap Fees✅Yes
⬆️LeverageUp to 1:500
📉Margin RequirementsVaries by
account type
and leverage
☪️Islamic Account (Swap-Free)✅Yes
🆓Demo Account✅Yes
⏱️Order Execution Time0.1 seconds
🖥️VPS Hosting✅Yes (free
upon
meeting
conditions)
➡️CFDs-Total Offered200+
📈CFD Stock Indices✅Yes
👉CFD Commodities✅Yes
📊CFD Shares✅Yes
💴Deposit OptionsBank Transfer
Credit/Debit Card
E-Wallets
Crypto
💳Withdrawal OptionsBank Transfer
Credit/Debit Card
E-Wallets
Crypto
📊Trading PlatformsMetaTrader 4 (MT4)
MetaTrader 5 (MT5)
OctaFX WebTrader
🍎OS CompatibilityWindows
MacOS
Android
iOS
🔩Forex Trading ToolsEconomic Calendar
Trading Calculators
CopyTrading
🫴🏻Customer Support✅Yes
🗣️Live Chat Availability✅Yes
💻Customer Support Email Addresssupport@octafx.com
☎️Customer Support Contact NumberNot publicly listed
📱Social Media PlatformsFacebook
Twitter
Instagram
YouTube
⚙️Languages Supported on WebsiteEnglish
Spanish
Portuguese
Indonesian
Hindi
Urdu
Chinese, and more
🎓Education and Research✅Yes
✏️Forex Course✅Yes
🖥️Webinars✅Yes
📖Educational ResourcesArticles
Video Tutorials
Market Analysis
🤝Affiliate Program✅Yes
👤Amount of PartnersNot 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

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 DepositNo U.S. Clients
Competitive Spreads
and Low Fees
Limited Range of
Tradable Assets
Variety of Account TypesHigher Spreads on
Some Account Types
Bonus Offers and
Promotions
Limited Research Tools

 

Frequently Asked Questions

 

What trading platforms does Octa offer?

Octa provides access to several trading platforms: OctaTrader, MetaTrader 4 (MT4), and MetaTrader 5 (MT5).

 

Does Octa offer Islamic (swap-free) accounts?

Yes, Octa provides Islamic accounts that comply with Sharia law by eliminating interest-based charges on overnight positions.

 

What is the minimum deposit required?

The minimum deposit to open an account with Octa is $25.

 

Does Octa offer a demo account?

Yes, Octa offers demo accounts to allow traders to practice without risking real money.

 

Overall Rating

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 provides a reliable option for Muslim traders in the Republic of the Congo who seek halal trading, offering a user-friendly platform and a swap-free Islamic account designed in accordance with Islamic trading principles.

 

Is Forex Trading in Congo Compliant with Sharia Law?

 

Is Forex Trading in Congo Compliant with Sharia Law?

Forex trading in the Republic of Congo (Congo-Brazzaville) is subject to local regulations, and the adherence to Sharia law in trading practices depends on the availability of Islamic (swap-free) accounts from forex brokers.

 

Compliance with Sharia Law:

Forex trading itself is permissible under Sharia law when it meets certain conditions:

  • No interest (Riba): Forex trading should not involve interest, as earning or paying interest is prohibited under Sharia law.
  • No excessive risk (Gharar): Trading should not involve high levels of uncertainty or speculation that is considered excessive.
  • Instant exchange (Tijarah): Sharia law requires the exchange of currencies to be done immediately, without any delay or rollover to the next day, as delays can lead to interest accumulation.

 

Islamic (Swap-Free) Accounts

Forex brokers offering Islamic accounts in Congo can allow Muslim traders to engage in forex trading in compliance with Sharia law. These accounts are swap-free, meaning no interest is charged on overnight positions, which is crucial for ensuring compliance with Islamic finance principles.

 

Availability in Congo

Many international brokers serving African markets, including Congo, offer Islamic accounts tailored for Muslim traders. To ensure Sharia compliance, it’s important to confirm that the broker provides swap-free accounts and adheres to Islamic finance principles. Forex trading in Congo can align with Sharia law when using such accounts, but always verify the broker’s terms to ensure full compliance.

 

8 Best Forex Brokers with Islamic Accounts in Congo

 

In Conclusion

Muslim traders in Congo seeking to trade forex by Sharia principles should prioritize brokers offering Islamic accounts and verify the alignment of their practices with Islamic guidelines. Numerous reputable international brokers provide these accounts to meet their needs.

 

You Might also Like:

 

 

Frequently Asked Questions

 

What is the minimum deposit to open an account with FP Markets?

The minimum deposit is $100 or equivalent, though this can vary depending on the funding method.

 

What trading platforms are available at XM?

XM supports the following trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and Mobile Apps.

 

Are there any additional fees associated with an IC Markets Islamic account?

While Islamic accounts do not incur swap charges, IC Markets may apply a flat-rate administration fee for positions held overnight, depending on the trading instrument.

 

Are there any additional fees with HFM?

There are no additional fees.

 

What is the minimum deposit required to open an account with FBS?

The minimum deposit is $5.

 

Does FXTM offer educational resources?

Yes, FXTM provides a comprehensive Academy with tutorials, webinars, and articles covering various trading topics, suitable for both beginners and experienced traders.

 

How do I link my FXCM account to TradingView?

To link your FXCM account to TradingView, follow the instructions provided by FXCM. Please note that for some new accounts, the REST API may not be enabled by default.

 

Can I trade on mobile with Octa?

Yes, Octa offers mobile trading through its OctaTrader and MetaTrader 4/5 (MT4/MT5) apps, which are available for both iOS and Android devices.

 

What is an Islamic account in forex trading?

An Islamic account in forex trading is a special type of account that complies with Sharia law. It is swap-free, meaning no interest is charged or paid on overnight positions.

 

Do forex brokers in Congo offer Islamic accounts?

Yes, several international forex brokers offer Islamic accounts to traders in Congo.

 

Are there any specific brokers in Congo that offer Islamic accounts?

Yes, several international forex brokers, including those that cater to the African market, offer Islamic accounts for traders in Congo.

 

Are there any additional fees with Islamic accounts?

Islamic accounts are swap-free, but some brokers may charge a service fee to compensate for the absence of swaps.

 

Are Islamic accounts available for all traders in Congo?

Yes, Islamic accounts are available to all Muslim traders in Congo who wish to trade in compliance with Sharia law.

Author Details

Picture of Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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