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 FXTM · AvaTrade vs XTB
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.
ComparisonsExness vs Capital.com · XM vs Capital.com
IGIG
CFD / forex brokerTop-tier regulatedRegulationFCA 195355, ASIC, BaFin, MAS, FINMA, JFSA, FMA, DFSA (Dubai); IG International (Bermuda)
- Minimum deposit
- $0
- Islamic / swap-free
- Swap-free account for Dubai clients…
- Inactivity fee
- About $18/month after 24 months
- Platforms
- Own platform, MT4, MT5, ProRealTime, TradingView
What to checkThe swap-free account belongs to the Dubai entity.
ComparisonsXM vs IG
OAOANDA
CFD / forex brokerTop-tier regulatedRegulationFCA 542574, ASIC 412981 and other tier-one regulators
- Minimum deposit
- $0
- Islamic / swap-free
- No swap-free Islamic account offered
- Inactivity fee
- $10/month after 12 months
- Platforms
- OANDA Trade, MT4, MT5 (some entities)
What to checkNo Islamic account, which rules it out for traders who need a swap-free account.
ComparisonsHFM vs OANDA
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.
ComparisonsPepperstone vs FXTM
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’.
ComparisonsVantage 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 Capital.com
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.
ComparisonsAvaTrade vs FXTM · HFM vs FXTM · Pepperstone vs FXTM · Vantage 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 eToro · HFM vs FXTM · HFM vs OANDA
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.
ComparisonsVantage vs Equiti · Vantage vs FXTM
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 Capital.com · XM vs IG