RegulationCentral Bank of Ireland (EU), ASIC, CIRO, JFSA, FSCA 45984; Abu Dhabi licence per earlier reviews
- Minimum deposit
- $100
- Islamic / swap-free
- Islamic swap-free account described in earlier reviews
- Inactivity fee
- 50 units after 90 days, rising to 100 after 12 months
- Platforms
- MT4, MT5, AvaTradeGO, WebTrader
What to checkInactivity fee penalises occasional traders.
ComparisonsAvaTrade vs IC Markets · Octa vs AvaTrade
RegulationCySEC 319/17, FCA 793714, ASIC 513393 and others
- Minimum deposit
- $20 by card
- Islamic / swap-free
- Sources conflict on an Islamic account
- Inactivity fee
- Sources conflict: €10/month after a year vs none
- Platforms
- Own platform, MT4, MT5 (selected regions), TradingView
What to checkIslamic account status and inactivity fee unclear across sources.
RegulationASIC, FCA, CySEC, BaFin, DFSA, Kenya CMA, Bahamas SCB
- Minimum deposit
- $10 (ForexBrokers.com)
- Islamic / swap-free
- Swap-free Islamic account for eligible clients
- Inactivity fee
- None
- Platforms
- MT4, MT5, cTrader, TradingView
What to checkAsk to be placed with the DFSA company if you are in the Gulf.
ComparisonsHFM vs Pepperstone · Octa vs Pepperstone
RegulationRoboMarkets Ltd, CySEC
- Minimum deposit
- About $100
- Islamic / swap-free
- Islamic account listed as available
- Inactivity fee
- None
- Platforms
- MT4, MT5, R WebTrader, R StocksTrader
What to checkServes European clients; Gulf clients are directed to the RoboForex brand.
RegulationMalta MFSA, Labuan FSA, VFSC, BVI FSC and others; Financial Commission member
- Minimum deposit
- $5
- Islamic / swap-free
- Swap-free (Islamic) account available
- Inactivity fee
- About $25/month
- Platforms
- Deriv MT5, cTrader, TradingView, Deriv Trader
What to checkSynthetic indices are Deriv’s own products; clients in the region are typically with offshore entities.
EQEquiti
CFD / forex brokerMixedRegulationFCA 528328, Jordan JSC 50248, Seychelles FSA SD064, UAE 20200000026, Kenya CMA, Armenia 0011
- Minimum deposit
- Not stated ($50 minimum withdrawal)
- Islamic / swap-free
- Sources conflict on swap-free availability and fees
- Inactivity fee
- None
- Platforms
- MT4, MT5, EQTrader
What to checkProtection depends on entity; negative balance protection listed as ‘No’.
ComparisonsFBS vs Equiti · XM vs Equiti
EXExness
CFD / forex brokerMixedRegulationBVI FSC, FSCA, Mauritius FSC, Seychelles FSA, Kenya CMA, Jordan JSC (plus EU/UK entities for those regions)
- Minimum deposit
- $10
- Islamic / swap-free
- Swap-free account listed; terms not spelled out
- Inactivity fee
- None
- Platforms
- MT4, MT5
What to checkGulf clients are usually placed with an offshore entity; check the company in your agreement.
ComparisonsExness vs FXTM · Exness vs PU Prime
FBFBS
CFD / forex brokerMixedRegulationASIC (FBS Oceania), CySEC (Tradestone), Belize FSC 4077102 (FBS Markets Inc.)
- Minimum deposit
- Depends on entity and account (Standard from about $100)
- Islamic / swap-free
- Islamic account listed as available
- Inactivity fee
- None reported
- Platforms
- MT4, MT5, own app
What to checkGulf clients are served by the Belize company.
ComparisonsFBS vs Equiti · FBS vs Vantage
FXFXTM
CFD / forex brokerMixedRegulationCySEC, FCA, FSC Mauritius, Kenya CMA
- Minimum deposit
- About $10
- Islamic / swap-free
- Islamic swap-free accounts
- Inactivity fee
- Applies to dormant accounts
- Platforms
- MT4, MT5, FXTM Trader
What to checkGulf clients are typically with the Mauritius entity.
ComparisonsExness vs FXTM · XM vs FXTM
RegulationCySEC 183/12, FCA 801701, DFSA F004885, FSCA 46632, Seychelles SD015, Kenya CMA
- Minimum deposit
- Not stated (low)
- Islamic / swap-free
- Swap-free accounts available
- Inactivity fee
- Not stated
- Platforms
- MT4, MT5, WebTrader, HFM app, HFcopy
What to checkComplaints centre on bonuses and rejected profits.
ComparisonsHFM vs Pepperstone · HFM vs Vantage
RegulationASIC 335692, CySEC 362/18, Kenya CMA 199, Seychelles FSA SD018, Bahamas SCB
- Minimum deposit
- $200
- Islamic / swap-free
- Islamic swap-free account available…
- Inactivity fee
- Differs between sources
- Platforms
- MT4, MT5, cTrader, TradingView
What to checkCheck which entity holds your account; US residents not accepted.
ComparisonsAvaTrade vs IC Markets · Octa vs IC Markets
RegulationCySEC 401/21, FSCA 51114, Seychelles SD088, Mauritius GB22200881, BVI
- Minimum deposit
- $10
- Islamic / swap-free
- Swap-free Standard account; Cent not swap-free
- Inactivity fee
- $5/month after 150 days
- Platforms
- MT4, MT5, JustMarkets app
What to checkAccounts closed with balances kept in some complaints; leverage up to 1:3000 offshore.
RegulationOcta Markets Cyprus Ltd (CySEC); FSCA; MISA Comoros
- Minimum deposit
- About $10 to $25
- Islamic / swap-free
- All accounts swap-free
- Inactivity fee
- None
- Platforms
- MT4, MT5, OctaTrader, Octa Copy
What to checkGulf clients are typically served by the Comoros entity.
ComparisonsOcta vs AvaTrade · Octa vs IC Markets · Octa vs Pepperstone
RegulationASIC, FSCA; Seychelles FSA SD050 and FSC Mauritius for international clients
- Minimum deposit
- $20 (Cent), $50 (Standard), $1,000 (Prime)
- Islamic / swap-free
- Swap-free Islamic accounts on Standard…
- Inactivity fee
- None; dormant accounts may be archived after 90 days
- Platforms
- MT4, MT5, PU Web Trader, PU Prime app, PU Social
What to checkGulf clients are served by offshore entities.
ComparisonsExness vs PU Prime
RegulationASIC, FCA, FSCA, CIMA (Cayman), FSC Mauritius, VFSC
- Minimum deposit
- $50
- Islamic / swap-free
- Swap-free Islamic accounts; administration fee…
- Inactivity fee
- None
- Platforms
- MT4, MT5, TradingView, own platform
What to checkGulf accounts usually sit with an offshore entity.
ComparisonsFBS vs Vantage · HFM vs Vantage
XMXM
CFD / forex brokerMixedRegulationCySEC, DFSA, UAE SCA, FSCA, Kenya CMA, plus Mauritius, Belize and Seychelles
- Minimum deposit
- Not stated; low
- Islamic / swap-free
- Swap-free Islamic accounts available…
- Inactivity fee
- $10/month after 90 days
- Platforms
- MT4, MT5, own platform
What to checkGulf clients are often placed with XM Global; complaints about cancelled profits and ‘linked…
ComparisonsXM vs Equiti · XM vs FXTM