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 | ✅ Yes | 100 USD | 287,700 CDF |
🥈XM | 👉 Click Here | ✅ Yes | 5 USD | 14,385 CDF |
🥉IC Markets | 👉 Click Here | ✅ Yes | 200 USD | 575,400 CDF |
🏅HFM | 👉 Click Here | ✅ Yes | 0 USD | 0 CDF |
🏆FBS | 👉 Click Here | ✅ Yes | 5 USD | 14,385 CDF |
🥇FXTM | 👉 Click Here | ✅ Yes | 200 USD | 575,400 CDF |
🥈FXCM | 👉 Click Here | ✅ Yes | 50 USD | 143,850 CDF |
🥉Octa | 👉 Click Here | ✅ Yes | 25 USD | 71,925 CDF |
8 Best Forex Brokers with Islamic Accounts in Congo (2025)
- ☑️FP Markets – Overall, The Best Broker with an Islamic Account in Congo
- ☑️XM – Exceptional Customer Service
- ☑️IC Markets – Best CFD Forex Broker
- ☑️HFM – Best Affiliate Program
- ☑️FBS – Outstanding Mobile App
- ☑️FXTM – Best Educational Provider
- ☑️FXCM – Best Copy Trading Platform
- ☑️Octa – Best Proprietary Platform
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 Founded | 2005 |
👥Amount of Staff | Over 200 |
👤Amount of Active Traders | 60,000+ |
📍Publicly Traded | None |
📈Regulation | ASIC (Australia) CySEC (Cyprus) FSCA (South Africa) |
🌎Country of Regulation | Australia Cyprus South Africa |
🗂️Account Segregation | ✅Yes |
📌Negative Balance Protection | ✅Yes |
🚩Investor Protection Schemes | ✅Yes (CySEC) |
🖋️Account Types and Features | Standard Raw ECN VIP accounts available |
🎉Institutional Accounts | ✅Yes |
👤Managed Accounts | None |
💵Minor Account Currencies | EUR USD GBP AUD CAD CHF JPY NZD SGD HKD |
💴Minimum Deposit | $100 |
⏱️Average Deposit/Withdrawal Processing Time | Instant - 1 business day |
💸Fund Withdrawal Fee | None |
✏️Spreads | 0.0 pips |
💷Commissions | From $3 per side (Raw account) |
🔢Number of Base Currencies Supported | 10 |
💶Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:500 |
📉Margin Requirements | Varies 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 Offered | 10,000+ |
📊CFD Stock Indices | 23+ |
💡CFD Commodities | 12+ |
👉CFD Shares | 2,000+ |
💳Deposit Options | Bank transfer Credit/Debit card PayPal Neteller Skrill Fasapay and more |
💳Withdrawal Options | Bank transfer Credit/Debit card PayPal Neteller Skrill Fasapay and more |
🛎️Trading Platforms | MetaTrader 4 MetaTrader 5 IRESS,WebTrader Mobile Apps |
💻OS Compatibility | Windows macOS iOS Android |
🔩Forex Trading Tools | Autochartist VPS Trading Central Myfxbook |
🤝Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
🖥️Customer Support Email Address | support@fpmarkets.com |
☎️Customer Support Contact Number | +61 2 8252 6800 |
📱Social Media Platforms | Facebook YouTube |
⚙️Languages Supported on Website | 10+ 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 Partners | Thousands 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 |
Pros and Cons
✅Pros | ❌Cons |
Regulated Broker | Withdrawal Fees |
Competitive Spreads | Complex Fee Structure |
Multiple Trading Platforms | Limited Research Tools |
Good Customer Support | No 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.
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.
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 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 |
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 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.
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.
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 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 |
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
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.
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.
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 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 |
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 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.
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.
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 Founded | 2009 |
👤Amount of Staff | 300+ |
👥Amount of Active Traders | Over 17 million |
📌Publicly Traded | None |
📈Regulation | FSC CySEC ASIC |
🌎Country of Regulation | Belize Cyprus |
🗂️Account Segregation | ✅Yes |
🌟Negative Balance Protection | ✅Yes |
💙Investor Protection Schemes | ✅Yes, under CySEC regulations |
➡️Institutional Accounts | None |
🫴🏻Managed Accounts | None |
💴Minor Account Currencies | USD EUR JPY GBP, and more |
💵Minimum Deposit | $1 |
⏰Average Deposit/Withdrawal Time | Instant to 48 hours |
💳Fund Withdrawal Fee | No fees for most methods |
✏️Spreads from | 0.0 pips |
💷Commissions | From $0 to $20 per lot, depending on account type |
5️⃣Number of Base Currencies | 5+ |
💶Swap Fees | Applicable on most accounts except for Islamic accounts |
⬆️Leverage | Up to 1:3000 |
📉Margin Requirements | Depends on leverage and account type |
☪️Islamic Account (Swap-free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏱️Order Execution Time | From 0.3 seconds |
🖥️VPS Hosting | ✅Yes |
🫴🏻CFDs-Total Offered | 200+ |
👉CFD Stock Indices | ✅Yes |
📈CFD Commodities | ✅Yes |
📊CFD Shares | ✅Yes |
💴Deposit Options | Bank transfer Credit/debit cards e-wallets (Neteller, Skrill, etc.) local payment systems |
💳Withdrawal Options | Bank transfer Credit/debit cards e-wallets (Neteller, Skrill, etc.) local payment systems |
↪️Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) FBS Trader App |
🍎OS Compatibility | Windows macOS iOS Android |
🔩Forex Trading Tools | Economic calendar Forex calculators Market analysis VPS Trading signals |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes, 24/7 |
💻Customer Support Email Address | support@fbs.com |
☎️Customer Support Contact Number | Callback Option |
📱Social Media Platforms | Facebook YouTube Telegram |
⚙️Languages Supported on Website | 20+ (including English, Spanish, Portuguese, Chinese, Arabic, etc.) |
🎓Education and Research | ✅Yes |
✏️Forex Course | ✅Yes |
💻Webinars | ✅Yes |
📖Educational Resources | Articles videos eBooks webinars tutorials |
🤝Affiliate Program | ✅Yes |
👥Amount of Partners | 450,000+ |
🫰🏻IB Program | ✅Yes |
🎁Sponsorships | No significant sponsorships |
🎀Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes |
🚀Open an Account | 👉 Click Here |
Pros and Cons
✅Pros | ❌Cons |
Low Minimum Deposit | High Leverage Risks |
Wide Range of Account Types | Inactivity Fees |
High Leverage | Withdrawal Fees |
Bonuses and Promotions | Commissions 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.
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.
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 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 |
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
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.
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.
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 Founded | 1999 |
👤Amount of Staff | Over 600 |
👥Amount of Active Traders | Over 130,000 worldwide |
📌Publicly Traded | None |
📉Regulation | FCA, ASIC, FSCA, CySEC |
🌎Country of Regulation | United Kingdom, Australia, South Africa, among others |
🗂️Account Segregation | ✅Yes |
🌟Negative Balance Protection | ✅Yes (only for retail clients under FCA and ASIC regulation) |
💙Investor Protection Schemes | FSCS (UK) |
➡️Institutional Accounts | ✅Yes |
🫴🏻Managed Accounts | ✅Yes (through FXCM Prime) |
💴Minor Account Currencies | EUR, GBP, AUD, JPY, CAD, CHF |
💵Minimum Deposit | $50 for most account types |
⏰Average Deposit/Withdrawal Time | 1-3 business days |
💳Fund Withdrawal Fee | Varies by method |
✏️Spreads From | 1.3 pips (EUR/USD) |
💷Commissions | ✅Yes, depending on the account type |
5️⃣Number of Base Currencies Supported | 5 |
💸Swap Fees | ✅Yes |
⬆️Leverage | Up to 1:400 (depending on the region) |
📈Margin Requirements | Varies by asset class and region |
☪️Islamic Account (Swap-Free) | ✅Yes |
🆓Demo Account | ✅Yes |
⏱️Order Execution Time | Less than 1 second |
🖥️VPS Hosting | ✅Yes, for eligible clients |
👉CFDs - Total Offered | Over 300 |
📈CFD Stock Indices | ✅Yes |
📉CFD Commodities | ✅Yes |
📊CFD Shares | ✅Yes |
💶Deposit Options | Credit/Debit cards, Bank Transfer, Skrill, Neteller, UnionPay, etc. |
💳Withdrawal Options | Bank Transfer, Credit/Debit cards, Skrill, Neteller, etc. |
📊Trading Platforms | Trading Station, MetaTrader 4 (MT4), NinjaTrader, ZuluTrade |
🍎OS Compatibility | Windows, Mac, iOS, Android |
🪛Forex Trading Tools | Trading signals, market analysis, research tools, automated trading options |
🫴🏻Customer Support | ✅Yes |
🗣️Live Chat Availability | ✅Yes |
💻Customer Support Email Address | info@fxcm.com |
☎️Customer Support Contact Number | Varies by region |
📱Social Media Platforms | Facebook, Twitter, LinkedIn, YouTube |
⚙️Languages Supported on Website | English, French, German, Italian, Chinese, Japanese, Arabic, Spanish, and more |
🎓Education ans Research | ✅Yes |
✏️Forex Course | ✅Yes |
💻Webinars | ✅Yes |
📖Educational Resources | Articles, videos, tutorials, webinars, trading guides |
🤝Affiliate Program | ✅Yes |
👥Amount of Partners | Not specified |
🫰🏻IB Program | ✅Yes |
🎁Sponsorships | No notable sponsorships currently |
🎀Rebate Program | ✅Yes |
💰Cent or Micro Accounts | ✅Yes |
🚀Open an Account | 👉 Click Here |
Pros and Cons
✅Pros | ❌Cons |
Regulated Broker | Limited Range of Account Types |
Multiple Trading Platforms | Not Available in All Regions |
Competitive Spreads | Commission on Certain Accounts |
User-Friendly Interface | Customer 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.
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.
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 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 |
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
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.
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?
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.
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:
- Islamic forex brokers in Costa Rica
- Islamic forex brokers in Côte d’Ivoire – Ivory Coast
- Islamic forex brokers in Croatia
- Islamic forex brokers in Cuba
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.