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The 3 Best Forex Brokers with Islamic Accounts in Cuba – Rated and Reviewed. We have listed the best Brokers that offer Islamic Accounts in Cuba in 2025.
In this in-depth write-up you will learn:
- A List of the 3 Best Forex Brokers with Islamic Accounts in Cuba
- Pros and Cons of Forex Trading
- Is Forex Trading in Cuba Compliant with Sharia Law?
and much, much more!
| 🔍Forex Broker | ✏️Sign Up Here | 🫴🏻Offers Islamic Account | 💵Minimum Deposit | 💰Minimum Deposit (CUP) |
| 🥇Fusion Markets | 👉 Click Here | ✅ Yes | 0 USD | 0 CUP |
| 🥈Octa | 👉 Click Here | ✅ Yes | 25 USD | 604.69 CUP |
| 🥉InstaForex | 👉 Click Here | ✅ Yes | 1 USD | 24.19 CUP |
🏆 10 Best Rated Forex Brokers
Broker
Rating
Regulators
Platforms
Min Deposit
Max Leverage
Crypto
Official Site
🥇
4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
USD 0
2000:1
Yes
7
4.9/5
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MT4, MT5, cTrader, Tradingview, Pepperstone Platform
USD 10
400:1
Yes
🏆 10 Best Rated Forex Brokers
Broker
Min Deposit
Max Leverage
Official Site
3 Best Forex Brokers with Islamic Accounts in Cuba (2025)
- ☑️Fusion Markets – Overall, The Best Broker with an Islamic Account in Cuba
- ☑️Octa – Best Customer Service Broker
- ☑️InstaForex – Best Mobile Trading App
1. Fusion Markets
Fusion Markets is a globally recognized forex and CFD broker that offers Islamic (swap-free) accounts, designed to comply with Sharia law.
Islamic accounts are available on both Zero and Classic accounts via MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
| 🔍Broker | 🥇Fusion Markets |
| 🔢Year Founded | 2017 |
| 👤Amount of staff | Approximately 50+ staff |
| 👥Amount of active traders | Over 10,000 active traders |
| 📌Publicly Traded | None |
| 📈Regulation | ASIC, VFSC |
| 🌎Country of regulation | Australia |
| 🗂️Account Segregation | ✅Yes, client funds are held in segregated accounts |
| 🌟Negative balance protection | ✅Yes |
| 💙Investor Protection Schemes | ✅Yes |
| ➡️Institutional Accounts | ✅Yes |
| 🫴🏻Managed Accounts | ✅Yes |
| 💴Minor account currencies | ✅Yes |
| 💵Minimum Deposit | $1 (depending on the account type) |
| ⏰Average deposit/withdrawal processing time | Same day for deposits; 1-3 business days for withdrawals |
| 💳Fund Withdrawal Fee | Generally free; depends on withdrawal method |
| ✏️Spreads from | As low as 0.0 pips (depending on account type) |
| 💷Commissions | Competitive commissions |
| 🔟Number of base currencies supported | 10+ |
| 💸Swap Fees | ✅Yes, applicable based on the instrument traded |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin requirements | Varies by account type and asset class |
| ☪️Islamic account (swap-free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | Instant execution available |
| 🖥️VPS Hosting | ✅Yes |
| 🫴🏻CFDs-Total Offered | 250+ |
| 📈CFD Stock Indices | ✅Yes |
| 📉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💶Deposit Options | Credit/Debit cards, bank transfer, e-wallets |
| 💳Withdrawal Options | Credit/Debit cards, bank transfer, e-wallets |
| 📊Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| 🍎OS Compatibility | Windows, Mac, iOS, Android |
| 🪛Forex trading tools | Advanced charting tools, trading indicators |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live chat availability | ✅Yes |
| 💻Customer Support Email address | help@fusionmarkets.com |
| ☎️Customer Support Contact Number | +61 2 7220 1500 |
| 📱Social media Platforms | Facebook, Twitter, |
| ⚙️Languages supported on Fusion Markets Website | English, and others based on the region |
| 🎓Education and Research | ✅Yes |
| ✏️Forex course | ✅Yes |
| 💻Webinars | ✅Yes |
| 📖Educational Resources | Trading guides, market analysis, blog articles |
| 🤝Affiliate program | ✅Yes |
| 👥Amount of partners | Numerous partners |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | No notable sponsorships mentioned |
| 🎀Rebate program | ✅Yes |
| 💰Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
ASIC, VFSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
90+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Low Fees and Commissions | Limited Educational Content |
| Wide Range of Trading Instruments | Limited Trading Platforms |
| Multiple Account Types | No US Clients |
| MetaTrader Platforms (MT4 & MT5) | Limited Promotions or Bonuses |
| No Inactivity Fees | Limited Language Support |
Frequently Asked Questions
What trading platforms does Fusion Markets offer?
Fusion Markets supports: MetaTrader 4 (MT4), and MetaTrader 5 (MT5).
What is the minimum deposit to start trading?
Fusion Markets has no minimum deposit requirement, making it highly accessible for all types of traders.
Does Fusion Markets offer Islamic (swap-free) accounts?
Yes. Islamic accounts are available upon request for traders who follow Sharia law.
Does Fusion Markets offer a demo account?
Yes. You can open a free demo account to practice trading with virtual funds on both MT4 and MT5 platforms.
Overall Rating
- 4.7/5
Min Deposit
USD 0
Regulators
ASIC, VFSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
90+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
For traders who follow Islamic finance principles, Fusion Markets provides swap-free (Islamic) accounts, eliminating interest on overnight positions while maintaining tight spreads and low commissions. It caters well to both beginner and experienced traders, offering a user-friendly interface, fast execution, and comprehensive support.
2. Octa
Octa is a globally recognized forex and CFD broker that offers Islamic (swap-free) accounts, designed to comply with Sharia law.
All Octa trading accounts are swap-free by default, eliminating the need for special requests or additional fees.
| 🔍Broker | 🥇OctaFX |
| 🔢Year Founded | 2011 |
| 👤Amount of Staff | 300+ |
| 👥Amount of Active Traders | Over 1.5 million |
| 📌Publicly Traded | None |
| 📈Regulation | Unregulated |
| 🌎Country of Regulation | N/A |
| 🗂️Account Segregation | ✅Yes |
| ❌Negative Balance Protection | ✅Yes |
| 💙Investor Protection Schemes | None |
| ➡️Institutional Accounts | None |
| 🫴🏻Managed Accounts | None |
| 💴Minor Account Currencies | EUR USD |
| 💵Minimum Deposit | $25 |
| ⏰Average Deposit/Withdrawal Processing Time | Within 1-3 hours |
| 💳Fund Withdrawal Fee | No fees |
| ✏️Spreads from | 0.6 pips |
| 💶Commissions | Zero commissions |
| 2️⃣Number of Base Currencies Supported | 2 (USD, EUR) |
| 💷Swap Fees | ✅Yes |
| ⬆️Leverage | Up to 1:500 |
| 📉Margin Requirements | Varies by account type and leverage |
| ☪️Islamic Account (Swap-Free) | ✅Yes |
| 🆓Demo Account | ✅Yes |
| ⏱️Order Execution Time | 0.1 seconds |
| 🖥️VPS Hosting | ✅Yes (free upon meeting conditions) |
| ➡️CFDs-Total Offered | 200+ |
| 📈CFD Stock Indices | ✅Yes |
| 👉CFD Commodities | ✅Yes |
| 📊CFD Shares | ✅Yes |
| 💴Deposit Options | Bank Transfer Credit/Debit Card E-Wallets Crypto |
| 💳Withdrawal Options | Bank Transfer Credit/Debit Card E-Wallets Crypto |
| 📊Trading Platforms | MetaTrader 4 (MT4) MetaTrader 5 (MT5) OctaFX WebTrader |
| 🍎OS Compatibility | Windows MacOS Android iOS |
| 🔩Forex Trading Tools | Economic Calendar Trading Calculators CopyTrading |
| 🫴🏻Customer Support | ✅Yes |
| 🗣️Live Chat Availability | ✅Yes |
| 💻Customer Support Email Address | support@octafx.com |
| ☎️Customer Support Contact Number | Not publicly listed |
| 📱Social Media Platforms | Facebook YouTube |
| ⚙️Languages Supported on Website | English Spanish Portuguese Indonesian Hindi Urdu Chinese, and more |
| 🎓Education and Research | ✅Yes |
| ✏️Forex Course | ✅Yes |
| 🖥️Webinars | ✅Yes |
| 📖Educational Resources | Articles Video Tutorials Market Analysis |
| 🤝Affiliate Program | ✅Yes |
| 👤Amount of Partners | Not disclosed |
| 🫰🏻IB Program | ✅Yes |
| 🎁Sponsorships | ✅Yes, sponsored motorsports and esports events |
| 🎀Rebate Program | ✅Yes |
| 💰Cent or Micro Accounts | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overall Rating
- 4.9/5
Min Deposit
USD 25
Regulators
CySEC, MISA, FSCA, FSC
Trading Platform
MT5, OctaTrader
Crypto
Yes
Total Pairs
52
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
Pros and Cons
| ✅Pros | ❌Cons |
| Low Minimum Deposit | No U.S. Clients |
| Competitive Spreads and Low Fees | Limited Range of Tradable Assets |
| Variety of Account Types | Higher Spreads on Some Account Types |
| Bonus Offers and Promotions | Limited Research Tools |
Frequently Asked Questions
What platforms does Octa offer?
Octa supports: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and OctaTrader.
Is Octa a good broker for beginners?
Yes, Octa provides: A clean, beginner-friendly platform, Low minimum deposits, Educational tools, and A demo account.
What is the minimum deposit?
Minimum deposit is typically $25, depending on the payment method and account type.
Does Octa offer copy trading?
Yes. Octa has a copy trading platform where you can follow and copy professional traders.
Overall Rating
- 4.9/5
Min Deposit
USD 25
Regulators
CySEC, MISA, FSCA, FSC
Trading Platform
MT5, OctaTrader
Crypto
Yes
Total Pairs
52
Islamic Account
Yes
Trading Fees
No
Account Activation
24 Hours
Our Verdict
Octa offers swap-free (Islamic) accounts by default, making it a good option for traders following Sharia law. Additionally, Octa provides a wide range of instruments such as forex, metals, cryptocurrencies, and indices, along with generous leverage options.
3. InstaForex
InstaForex is a globally recognized forex and CFD broker that offers Islamic (swap-free) accounts, designed to comply with Sharia law.
There are no swap or rollover interest on overnight positions, ensuring adherence to Islamic finance principles, and is Available on both Standard and Eurica accounts.
| 🔍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 YouTube |
| ⚙️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 |
Overall Rating
- 4.8/5
Min Deposit
USD 1
Regulators
FSC
Trading Platform
MT4, MT5, Multi-Terminal, WebTrader, MobileTrader
Crypto
Yes
Total Pairs
4
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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
What trading platforms does InstaForex offer?
InstaForex provides: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and InstaTick Terminal.
What is the minimum deposit?
The minimum deposit for InstaForex is just $1, making it highly accessible for beginners.
Does InstaForex offer demo accounts?
Yes. You can open a free demo account with virtual funds to practice trading.
What is the maximum leverage?
InstaForex offers leverage up to 1:1000, depending on your region and account type.
Overall Rating
- 4.8/5
Min Deposit
USD 1
Regulators
FSC
Trading Platform
MT4, MT5, Multi-Terminal, WebTrader, MobileTrader
Crypto
Yes
Total Pairs
4
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Our Verdict
For traders seeking Sharia-compliant trading, InstaForex offers Islamic (swap-free) accounts that are easy to activate and come with no extra fees—ensuring compliance with Islamic finance principles.
Is Forex Trading in Cuba Compliant with Sharia Law?
Forex trading can be compliant with Sharia law, but only under specific conditions. While Cuba as a country does not enforce Islamic finance laws, individual Muslim traders living in or from Cuba can still practice halal (Sharia-compliant) trading by choosing the right brokers and trading conditions.
Sharia-Compliant Forex Trading Must:
Avoid Riba (Interest)
- Islamic accounts must be swap-free, meaning no overnight interest charges are applied.
Avoid Gharar (Excessive Uncertainty)
-
The trade must involve clear terms, known parties, and real underlying assets.
Prohibit Gambling (Maisir)
-
Trading should not be based on pure speculation or random chance. It must be grounded in analysis or strategy.
Use Ethical Instruments
-
You must not trade in haram sectors, such as alcohol, gambling, pork-related businesses, etc.
What This Means in Cuba
-
Cuba has no specific regulations banning or supporting Sharia-compliant finance, so responsibility falls on the trader to choose a broker that offers Islamic accounts.
-
Several international brokers that accept Cuban clients offer Islamic (swap-free) accounts. These are essential for halal trading.
-
As long as you avoid interest-based products and follow ethical trading guidelines, forex trading can be compliant with Sharia law, even while living in Cuba.
In Conclusion
While Cuba does not have specific regulations supporting Islamic finance, Muslim traders in Cuba can still participate in Sharia-compliant forex trading by choosing the right broker. However, not all brokers accept clients from Cuba, so it’s essential to verify each broker’s availability and compliance before registering.
You Might also Like:
- Islamic forex brokers in Cyprus
- Islamic forex brokers in the Czech Republic
- Islamic forex brokers in Denmark
- Islamic forex brokers in Djibouti
Frequently Asked Questions
Does Fusion Markets offer copy trading?
Yes. Fusion Markets supports Myfxbook AutoTrade and DupliTrade, which allow you to copy the trades of successful traders.
Does Octa offer Islamic (swap-free) accounts?
Yes. All Octa accounts are swap-free by default, making them suitable for Muslim traders following Sharia law.
Does InstaForex support copy trading?
Yes. InstaForex provides a PAMM system and ForexCopy, allowing users to follow and copy successful traders.
What is an Islamic forex account?
An Islamic forex account (also known as a swap-free account) is designed for Muslim traders. It eliminates overnight interest (riba) charges, which are not permissible under Sharia law.
Are Islamic accounts halal?
Yes, if they remove interest and avoid unethical trading practices like speculation, gambling, and haram industries, they can be considered Sharia-compliant.
Can I open an Islamic account from Cuba?
Yes, but only if the broker accepts clients from Cuba. Due to sanctions and regulations, some brokers do not serve Cuban residents, so you must check availability before signing up.
Do Islamic accounts have extra charges?
Reputable brokers do not charge extra fees on Islamic accounts.
What’s the difference between a standard and an Islamic account?
The main difference is the removal of swap (interest) charges in Islamic accounts. Otherwise, trading conditions (spreads, leverage, instruments) are generally the same.
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