RegulationFCA, CySEC, ASIC, CIRO, Jordan JSC, Seychelles FSA
- Minimum deposit
- $1 listed ($100 to $250 reported)
- Islamic / swap-free
- Swap Free Islamic account
- Inactivity fee
- $10/month
- Platforms
- MT4, MT5, WebTrader
What to checkAsk which entity you will be with: Jordan or Seychelles.
ComparisonsAvaTrade vs Admirals
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 Admirals · AvaTrade vs Pepperstone · AvaTrade vs Vantage
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.
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.
ComparisonsExness 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.
ComparisonsXM 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.
ComparisonsAvaTrade vs Pepperstone · IC Markets vs Pepperstone · Pepperstone vs Equiti · Pepperstone vs Vantage
RegulationFCA, ASIC, MAS, FINMA, JFSA, SFC, MiFID passport; DFSA per older reviews
- Minimum deposit
- $0 (Classic)
- Islamic / swap-free
- No Islamic account offered
- Inactivity fee
- Not stated
- Platforms
- SaxoTrader, SaxoInvestor, TradingView
What to checkNot suitable for small balances or those who need a swap-free account.
RegulationFCA 629628, ASIC 424700, JFSA, CySEC 215/13, FSCA, DFSA
- Minimum deposit
- $0 (Standard)
- Islamic / swap-free
- Swap-free Islamic accounts for eligible clients
- Inactivity fee
- May apply
- Platforms
- ThinkTrader, MT4, MT5
What to checkReviewers mention extra document requests and inactivity-fee losses.
XTXTB
CFD / forex brokerTop-tier regulatedRegulationFCA, CySEC, KNF, BaFin, CNMV, AMF, DFSA (XTB MENA), FSCA, Seychelles FSA, Belize
- Minimum deposit
- $0
- Islamic / swap-free
- Swap-free Islamic account available…
- Inactivity fee
- €10/month after more than a year without trading
- Platforms
- Own xStation platform (no MetaTrader or cTrader)
What to checkNo MetaTrader, copy trading or algorithmic trading.
ComparisonsHFM vs XTB · XM vs XTB
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’.
ComparisonsPepperstone 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 IG
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.
ComparisonsAvaTrade vs Vantage · IC Markets vs Vantage · Pepperstone vs Vantage