11 Best Forex Brokers with Islamic Accounts in Costa Rica

 

The 11 Best Forex Brokers with Islamic Accounts in Costa Rica– Rated and Reviewed. We have listed the best Brokers that offer Islamic accounts in Costa Rica in 2025*.

 

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

 

• A List of the 11 Best Forex Brokers with Islamic Accounts in Costa Rica
• Pros and Cons of Forex Trading
• Is Forex Trading in Costa Rica Compliant with Sharia Law?

 

and much, much more!

 

🔍Forex Broker	✏️Sign Up Here	🫴🏻Offers Islamic Account	💵Minimum Deposit	💰Minimum Deposit (CRC)
🥇Exness	👉 Click Here	✅ Yes	10 USD	5,022.70 CRC
🥈AvaTarde	👉 Click Here	✅ Yes	100 USD	50,226.98 CRC
🥉IC Markets	👉 Click Here	✅ Yes	200 USD	100,453.96 CRC
🏅eToro	👉 Click Here	✅ Yes	50 USD	25,113.49 CRC
🏆FP Markets	👉 Click Here	✅ Yes	100 USD	50,226.98 CRC
🥇XM	👉 Click Here	✅ Yes	5 USD	2,511.35 CRC
🥈FBS	👉 Click Here	✅ Yes	5 USD	2,511.35 CRC
🥉InstaForex	👉 Click Here	✅ Yes	1 USD	502.27 CRC
🏅HFM	👉 Click Here	✅ Yes	0 USD	0 CRC
🏆FXTM	👉 Click Here	✅ Yes	200 USD	100,453.96 CRC
🥇BDSwiss	👉 Click Here	✅ Yes	10 USD	5,022.70 CRC

 

 

11 Best Forex Brokers with Islamic Accounts in Costa Rica (2025)

 

1. ☑️Exness – Overall, The Best Broker with an Islamic Account in Costa Rica
2. ☑️AvaTrade – Best Forex Broker for Beginners
3. ☑️IC Markets – Best CFD Forex Broker
4. ☑️eToro – Best Social and Copy Trading Platform
5. ☑️FP Markets – Best Multi-Asset Forex Broker
6. ☑️XM – Exceptional Customer Service
7. ☑️FBS – Outstanding Mobile App
8. ☑️InstaForex – Best Crypto Forex Broker
9. ☑️HFM – Best Affiliate Program
10. ☑️FXTM – Best Educational Broker
11. ☑️BDSwiss – Fastest Deposits and Withdrawals

 

 

1. Exness

Exness is a globally recognized forex and CFD broker that offers its services in Costa Rica, providing traders access to a wide range of financial instruments, including forex, stocks, cryptocurrencies, and CFDs.

For Muslim traders adhering to Sharia law, Exness offers Islamic (swap-free) accounts. Exness operates in Costa Rica, allowing traders in the country to open accounts and engage in trading activities.

 

🔍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 Twitter Instagram 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

 

 

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

 

What is Exness?

Exness is a global forex and CFD broker established in 2008. It offers trading in currencies, stocks, indices, commodities, and cryptocurrencies.

 

Does Exness offer Islamic (swap-free) accounts?

Yes. Islamic accounts are available upon request.

 

What is the minimum deposit for Exness?

For Standard Accounts, it can be as low as $10, depending on your payment method and region.

 

What is the leverage offered?

Exness offers flexible leverage, up to unlimited on certain accounts, depending on the regulatory jurisdiction and account balance.

 

 

Our Verdict

For Muslim traders in Costa Rica, Exness offers Islamic (swap-free) accounts that comply with Sharia law, making it a strong choice for faith-conscious investors. With low minimum deposits, fast execution, and responsive 24/7 support, Exness is a reliable and accessible option for traders worldwide.

 

 

2. AvaTrade

AvaTrade is a globally regulated forex and CFD broker that offers its services in Costa Rica, providing traders access to a wide range of financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies.

For Muslim traders adhering to Sharia law, AvaTrade offers Islamic (swap-free) accounts. AvaTrade operates in Costa Rica, allowing traders in the country to open accounts and engage in trading activities.

 

🔍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 Twitter LinkedIn 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

 

 

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

 

Is AvaTrade available in Costa Rica?

Yes, AvaTrade operates in Costa Rica, offering traders access to a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies.

 

What trading platforms does AvaTrade offer?

AvaTrade provides several trading platforms to cater to different trader preferences: MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO, WebTrader, and DupliTrade.

 

What is the minimum deposit to start trading with AvaTrade?

The minimum deposit required to open a trading account with AvaTrade is USD 100.

 

Does AvaTrade offer Islamic (swap-free) accounts?

Yes, AvaTrade offers Islamic trading accounts designed to comply with Sharia law.

 

 

Our Verdict

For traders in Costa Rica, including those seeking Sharia-compliant options, AvaTrade is a trusted and globally regulated broker offering a solid trading experience with Islamic (swap-free) accounts. Its platforms (MT4, MT5, AvaTradeGO), competitive spreads, and strong educational resources cater to traders of all levels.

 

 

3. IC Markets

​IC Markets is a globally regulated forex and CFD broker that offers its services in Costa Rica, providing traders access to a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies.

For Muslim traders adhering to Sharia law, IC Markets offers Islamic (swap-free) accounts. IC Markets operates in Costa Rica, allowing traders in the country to open accounts and engage in trading activities.

 

🔍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 Twitter LinkedIn Instagram 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

 

Is IC Markets available in Costa Rica?

Yes, IC Markets accepts clients from Costa Rica.

 

What trading platforms does IC Markets offer?

IC Markets provides access to multiple trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView.

 

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.

 

Are there any additional fees or conditions for Islamic accounts?

While Islamic accounts do not incur swap charges, IC Markets reserves the right to require adequate justification for and/or proof of the necessity or need for a swap-free trading account.

 

 

Our Verdict

IC Markets is available to traders in Costa Rica, making it a solid option for both beginner and professional traders in the region. For Muslim traders, IC Markets offers Islamic (swap-free) accounts that comply with Sharia law, removing interest charges on overnight positions while maintaining all the core features of standard accounts.

 

 

4. eToro

eToro is a globally recognized multi-asset trading platform offering services in Costa Rica, providing access to a wide range of financial instruments, including stocks, cryptocurrencies, forex, commodities, and indices.

For Muslim traders adhering to Sharia law, eToro offers Islamic (swap-free) accounts. eToro operates in Costa Rica, allowing traders in the country to open accounts and engage in trading activities.

 

🔍Broker	🥇eToro
🔢Year Founded	2007
👤Amount of Staff	1,000+
👥Amount of Active Traders	30+ million
📌Publicly Traded	None
📉Regulation	CySec (Cyprus) FCA (UK).
🌎Country of Regulation	UK Cyprus
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes (for European clients under CySEC regulation)
➡️Institutional Accounts	None
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR GBP AUD
💵Minimum Deposit	$10 (varies by region and payment method)
⏰Average Deposit/Withdrawal Processing Time	Instant for deposits; 1-8 business days for withdrawals
💳Fund Withdrawal Fee	$5
✏️Spreads from	1 pip
💶Commissions	Zero commission for stocks, spreads on CFDs
9️⃣Number of Base Currencies Supported	9 USD EUR GBP AUD CAD JPY CHF NZD and more
💷Swap Fees	✅Yes (overnight fees)
⬆️Leverage	Up to 1:30 (varies by instrument and region)
📉Margin Requirements	Depends on asset class
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Market execution
🖥️VPS Hosting	None
👉CFDs-Total Offered	2,000+
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💶Deposit Options	Bank transfer Credit/debit card PayPal Neteller Skrill, and more
💳Withdrawal Options	Bank transfer Credit/debit card PayPal Neteller Skrill, and more
📊Trading Platforms	Proprietary eToro Platform (Web and Mobile)
🍎OS Compatibility	Windows Mac iOS Android
🔩Forex Trading Tools	CopyTrader ProCharts Trading Signals
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	Online contact form
☎️Customer Support Contact Number	N/A
📱Social Media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages Supported on eToro Website	20+ languages
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Blogs Tutorials Guides Videos
🤝Affiliate Program	✅Yes
👥Amount of Partners	N/A
🫰🏻IB Program	None
🎁Sponsorships	✅Yes, various sports and events
🎀Rebate Program	None
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
User-friendly platform	Spreads can be relatively high
Innovative trading features	Trading only available in USD
Well-regulated	Limited charting tools
Demo account	Limited customization tools for advanced traders .

 

Frequently Asked Questions

 

Is eToro available in Costa Rica?

Yes, eToro operates in Costa Rica, providing traders with access to a wide range of financial instruments, including stocks, cryptocurrencies, forex, commodities, and indices.

 

What is the minimum deposit to start trading with eToro?

The minimum deposit required to open a trading account with eToro is USD 50.

 

Does eToro offer Islamic (swap-free) accounts?

Yes, eToro offers Islamic (swap-free) accounts for traders who adhere to Sharia law.

 

Are there any additional fees or conditions for Islamic accounts?

While Islamic accounts do not incur swap charges, eToro reserves the right to require adequate justification for and/or proof of the necessity or need for a swap-free trading account.

 

 

Our Verdict

eToro is a user-friendly and globally regulated trading platform, available to traders in Costa Rica. For Muslim traders, eToro offers Islamic (swap-free) accounts, eliminating interest charges on overnight positions to comply with Sharia law. If you’re looking for a versatile broker with easy-to-use tools, low minimum deposit, and social trading features, eToro is an excellent choice for both beginners and seasoned traders.

 

 

5. FP Markets

FP Markets is a globally regulated forex and CFD broker established in Australia in 2005. It offers a wide range of financial instruments, including forex, commodities, indices, metals, shares, and cryptocurrencies.

FP Markets provides Islamic (swap-free) accounts for traders who adhere to Sharia law and cannot pay or receive interest on overnight positions. Traders in Costa Rica can open accounts with FP Markets and access its full range of trading services.

 

🔍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 Twitter LinkedIn Instagram 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

 

Is FP Markets available in Costa Rica?

Yes, FP Markets accepts clients from Costa Rica.

 

What is the minimum deposit to start trading with FP Markets?

The minimum deposit required to open a trading account with FP Markets is USD 100.​

 

What trading platforms does FP Markets offer?

FP Markets provides access to multiple trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView.

 

What is the leverage offered by FP Markets?

FP Markets offers leverage up to 1:500, depending on the instrument and the trader’s profile.

 

 

Our Verdict

FP Markets caters to traders in Costa Rica with competitive spreads, fast execution, and access to platforms like MT4, MT5, and cTrader. For Muslim traders, FP Markets offers Islamic (swap-free) accounts, removing interest-based swap charges to comply with Sharia law. FP Markets is an excellent option for traders looking for competitive trading conditions and faith-compliant accounts.

 

 

6. XM

XM is a globally regulated forex and CFD broker offering services to traders in Costa Rica. XM offers Islamic (swap-free) accounts for traders who adhere to Sharia law. While XM does not have a physical office in Costa Rica, traders can reach out to their support team.

 

🔍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 Twitter LinkedIn Instagram 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

 

Is XM available in Costa Rica?

Yes, XM accepts clients from Costa Rica. Traders in the country can open accounts and access a wide range of financial instruments, including forex, commodities, indices, metals, shares, and cryptocurrencies.

 

What is the minimum deposit to start trading with XM?

The minimum deposit required to open a trading account with XM is USD 5 for Ultra Low accounts.

 

What is the leverage offered by XM?

XM offers leverage up to 1:1000, depending on the account type.

 

Does XM offer Islamic (swap-free) accounts?

Yes, XM offers Islamic (swap-free) accounts for traders who adhere to Sharia law.

 

Are there any additional fees or conditions for Islamic accounts?

While Islamic accounts do not incur swap charges, XM reserves the right to require adequate justification for and/or proof of the necessity or need for a swap-free trading account.

 

 

Our Verdict

XM caters to traders in Costa Rica with competitive spreads, various account types, and access to popular platforms like MT4, MT5, and XM WebTrader. For Muslim traders, XM offers Islamic (swap-free) accounts, which comply with Sharia law by removing swap fees and applying a fixed administrative fee instead. XM is an excellent choice for traders looking for flexible trading options and faith-compliant accounts.

 

 

7. FBS

FBS is a globally regulated forex and CFD broker offering services to traders in Costa Rica. It provides a wide range of financial instruments, including forex, commodities, indices, metals, and cryptocurrencies.

FBS offers Islamic (swap-free) accounts for traders who adhere to Sharia law. These accounts eliminate swap fees—interest charges on positions held overnight, which are prohibited under Islamic finance principles. Instead, a fixed administration fee may apply to certain instruments.

 

🔍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 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 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

 

Is FBS available in Costa Rica?

Yes, FBS accepts clients from Costa Rica.

 

What is the minimum deposit to start trading with FBS?

The minimum deposit required to open a trading account with FBS is USD 5.

 

What trading platforms does FBS offer?

FBS provides access to multiple trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and FBS Trader.

 

Does FBS offer Islamic (swap-free) accounts?

Yes, FBS offers Islamic (swap-free) accounts for traders who adhere to Sharia law.

 

 

Our Verdict

FBS is a well-regulated forex and CFD broker offering a variety of financial instruments to traders in Costa Rica, including forex, commodities, metals, and cryptocurrencies. For Muslim traders, FBS offers Islamic (swap-free) accounts, which remove swap fees (interest charges on overnight positions) and may apply a fixed administrative fee on certain instruments.

 

 

8. InstaForex

InstaForex is a global forex and CFD broker offering services to traders in Costa Rica.

InstaForex offers Islamic (swap-free) accounts designed for traders who adhere to Sharia law. These accounts eliminate swap fees—interest charges on positions held overnight, which are prohibited under Islamic finance principles. Instead, a fixed administration fee may apply to certain instruments.

 

🔍Broker	🥇InstaForex
🔢Year Founded	2007
👤Amount of Staff	1,000+
👥Amount of Active Traders	Over 7 million
📌Publicly Traded	None
📉Regulation	FSC (British Virgin Islands) CySEC
🌎Country of Regulation	British Virgin Islands, Cyprus
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	None
➡️Institutional Accounts	None
🫴🏻Managed Accounts	✅Yes
💴Minor Account Currencies	EUR USD GBP
💵Minimum Deposit	$1
⏰Average Deposit/Withdrawal Time	1-3 business days
💷Fund Withdrawal Fee	Varies depending on the payment method
✏️Spreads From	0.0 pips
💶Commissions	From $3 per lot (depending on account type)
3️⃣Number of Base Currencies Supported	3
💸Swap Fees	✅Yes
⬆️Leverage	Up to 1:1000
📉Margin Requirements	Varies by instrument
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	0.1 seconds on average
🖥️VPS Hosting	✅Yes
👉CFDs - Total Offered	200+
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💶Deposit Options	Bank Transfer Credit/Debit Cards Skrill Neteller Bitcoin, etc.
💳Withdrawal Options	Bank Transfer Credit/Debit Cards Skrill Neteller Bitcoin, etc.
📊Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5) InstaTick Trader
🍎OS Compatibility	Windows macOS Android iOS
🔩Forex Trading Tools	Technical analysis Autochartist Forex TV VPS Trading Central Economic Calendar
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@mail.instaforex.com
☎️Customer Support Contact Number	+1 800 2000 791
📱Social Media Platforms	Facebook Twitter Instagram YouTube LinkedIn
⚙️Languages Supported on Website	Multiple languages including English Spanish Arabic Chinese, etc.
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Video tutorials articles glossary eBooks training courses
🤝Affiliate Program	✅Yes
👥Amount of Partners	Over 7,000 affiliates
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes includin partnerships with various sports teams and events
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes offers both Cent and Micro accounts
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Segregated Accounts	High Leverage Risks
Flexible Account Options	Limited Regulation
Advanced Platforms	Complex Bonus Terms
Copy Trading	Inactivity Fee

 

Frequently Asked Questions

 

Is InstaForex available in Costa Rica?

Yes, InstaForex accepts clients from Costa Rica.

 

What trading platforms does InstaForex offer?

InstaForex provides access to multiple trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the InstaTrade mobile app.

 

What is the leverage offered by InstaForex?

InstaForex offers leverage up to 1:2000, depending on the account type and instrument.

 

Does InstaForex offer Islamic (swap-free) accounts?

Yes, InstaForex offers Islamic (swap-free) accounts for traders who adhere to Sharia law.

 

 

Our Verdict

InstaForex is a well-regulated forex and CFD broker available to traders in Costa Rica, offering a range of financial instruments, including forex, commodities, indices, metals, and cryptocurrencies. For Muslim traders, InstaForex offers Islamic (swap-free) accounts that comply with Sharia law by removing swap fees.

 

 

9. HFM

HFM is a globally regulated forex and CFD broker that offers its services to traders in Costa Rica.

HFM offers Islamic (swap-free) accounts designed for traders who adhere to Sharia law. These accounts eliminate swap fees—interest charges on positions held overnight, which are prohibited under Islamic finance 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 Twitter Instagram LinkedIn 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

 

Is HFM available in Costa Rica?

Yes, HFM accepts clients from Costa Rica.

 

What trading platforms does HFM offer?

HFM provides access to multiple trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and HFM App.

 

What is the leverage offered by HFM?

HFM offers leverage up to 1:2000, depending on the account type and instrument.

 

Does HFM offer Islamic (swap-free) accounts?

Yes, HFM offers Islamic (swap-free) accounts for traders who adhere to Sharia law.

 

 

Our Verdict

HFM is a globally trusted and well-regulated broker offering a wide range of trading instruments to clients in Costa Rica. For clients following Islamic principles, HFM offers swap-free Islamic accounts, which eliminate interest charges on overnight positions. HFM stands out as a solid option for traders looking for convenience, compliance, and quality service.

 

 

10. FXTM

FXTM is a globally recognized forex and CFD broker, serving clients in Costa Rica and over 150 countries. For traders adhering to Sharia law, FXTM provides Islamic (swap-free) accounts. These accounts eliminate overnight interest charges (swaps), aligning with Islamic finance principles.

 

🔍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 Twitter Instagram LinkedIn 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

 

Is FXTM available in Costa Rica?

Yes, FXTM accepts clients from Costa Rica.

 

What trading platforms does FXTM offer?

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

 

What is the leverage offered by FXTM?

FXTM offers leverage up to 1:2000, depending on the account type and instrument.

 

Does FXTM offer Islamic (swap-free) accounts?

Yes, FXTM offers Islamic (swap-free) accounts for traders who adhere to Sharia law.

 

 

Our Verdict

FXTM (ForexTime) is a well-established and globally regulated broker, offering a comprehensive suite of trading services to clients in Costa Rica and beyond. Importantly, FXTM supports Islamic (swap-free) accounts, making it a great choice for Muslim traders seeking to comply with Sharia law.

 

 

11. BDSwiss

BDSwiss is a globally regulated forex and CFD broker that offers its services to traders in Costa Rica.

For traders adhering to Sharia law, BDSwiss offers Islamic (swap-free) accounts across most account types. These accounts eliminate overnight interest charges (swaps) for positions held open for up to 10 calendar days.

 

🔎 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

 

 

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

 

Is BDSwiss available in Costa Rica?

Yes, BDSwiss accepts clients from Costa Rica.

 

What is the leverage offered by BDSwiss?

BDSwiss offers leverage up to 1:500, depending on the account type and instrument.

 

Does BDSwiss offer Islamic (swap-free) accounts?

Yes, BDSwiss offers Islamic (swap-free) accounts for traders who adhere to Sharia law.

 

How can I open an Islamic account with BDSwiss?

To open an Islamic account, you can apply during the registration process.

 

 

Our Verdict

BDSwiss stands out as a reliable and globally recognized forex and CFD broker, catering to traders in Costa Rica with access to a broad range of financial instruments and advanced trading platforms like MT4, MT5, and BDSwiss WebTrader. Importantly, BDSwiss offers Islamic (swap-free) accounts, making it a suitable choice for Muslim traders.

 

 

Is Forex Trading in Costa Rica Compliant with Sharia Law?

Forex trading in Costa Rica – or any country – is not automatically compliant with Sharia law, but it can be made compliant if done under specific conditions that align with Islamic finance principles.

To be Sharia-compliant (halal), forex trading must avoid:

 

• Riba (interest) – The prohibition of earning or paying interest is central. Traditional forex accounts may involve swap fees (interest on overnight positions), which are not allowed in Islam.
• Gharar (excessive uncertainty) – Transactions must be clear, with well-defined terms and no excessive speculation or ambiguity.
• Haram (forbidden) activities – Profits must not be derived from prohibited activities (e.g., investing in alcohol, gambling, etc.).

 

Islamic (Swap-Free) Accounts Make It Halal

Most major brokers that operate in Costa Rica (like Exness, FXTM, XM, BDSwiss, etc.) offer Islamic trading accounts. These accounts:

• Do not charge interest on overnight trades (no riba).
• Usually comply with Islamic financial principles.
• May include fixed administrative fees instead, which must be disclosed and transparent.

 

Forex trading in Costa Rica is permissible in Islam if done through a Sharia-compliant broker account—specifically one that offers an Islamic (swap-free) account and follows transparent, fair-trade practices.

 

 

In Conclusion

Forex trading in Costa Rica can be Sharia-compliant if conducted through brokers that offer Islamic (swap-free) accounts. These accounts are designed to adhere to Islamic finance principles, particularly by eliminating interest (riba) on overnight positions, making them suitable for Muslim traders who seek to avoid interest-based transactions.

 

You Might also Like:

 

• Islamic forex brokers in Côte d’Ivoire – Ivory Coast
• Islamic forex brokers in Croatia
• Islamic forex brokers in Cuba
• Islamic forex brokers in Cyprus

 

Frequently Asked Questions

 

Is Exness suitable for beginners?

Yes. It offers demo accounts, educational resources, and user-friendly platforms ideal for beginners.

 

What customer support options does AvaTrade provide?

AvaTrade offers multilingual customer support through: Live chat, Email support, and Phone support. Support is available 24/5, aligning with global forex market hours.​

 

Does IC Markets charge any fees for deposits or withdrawals?

IC Markets does not charge additional fees for deposits and/or withdrawals.

 

What payment methods are available for deposits and withdrawals at eToro?

eToro supports various payment methods, including: Bank wire transfers, Credit/debit cards, E-wallets like PayPal, Skrill, and Neteller, and Local payment methods.

 

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

Yes, FP Markets offers Islamic (swap-free) accounts for traders who adhere to Sharia law.

 

What trading platforms does XM offer?

XM provides access to multiple trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the XM App.

 

What is the leverage offered by FBS?

FBS offers leverage up to 1:500, depending on the instrument and the trader’s profile.​

 

What is the minimum deposit to start trading with InstaForex?

The minimum deposit required to open a trading account with InstaForex is USD 1.​

 

How can I open an Islamic account with HFM?

To open an Islamic account, you can apply during the registration process.

 

What are the available account types at FXTM?

FXTM offers several account types to cater to different trading needs: Advantage, Advantage Plus, and Advantage Stocks.

 

What customer support options does BDSwiss provide?

BDSwiss offers multilingual customer support through: Live chat, Email support, and Phone support.

 

Can I trade forex in Costa Rica?

Yes, forex trading is fully legal and available in Costa Rica. Several global forex brokers offer services to traders in Costa Rica, providing access to various financial instruments, including forex, commodities, indices, and cryptocurrencies.

 

What is an Islamic (swap-free) account in forex trading?

An Islamic (swap-free) account is designed for Muslim traders who wish to adhere to Sharia law, which prohibits earning or paying interest (riba).

 

Are Islamic accounts completely free of charges?

While Islamic accounts do not charge swap fees (interest on overnight positions), brokers may charge other fees.