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.
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.
ComparisonsExness vs AvaTrade · XM 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.
RegulationFCA, CySEC, ASIC, MAS, FSRA (ADGM); US: FINRA/SIPC; Seychelles for some
- Minimum deposit
- $200 for copying one trader (general minimum varies by country)
- Islamic / swap-free
- Islamic account for eligible clients…
- Inactivity fee
- $10/month after 12 months without login
- Platforms
- Own web and mobile platform
What to checkWithdrawal fee $5, conversion costs, no investor protection on crypto.
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.
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 many Saudi traders.
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.
RegulationFCA 509909, ASIC 417727, CySEC 250/14, JFSA, CIRO, FMA, MAS and others
- Minimum deposit
- Sources conflict (about $100 to $500 by method)
- Islamic / swap-free
- No dedicated Islamic account confirmed
- Inactivity fee
- Sources conflict
- Platforms
- Proprietary platform (no MetaTrader, no copy trading)
What to checkClosed platform; bans scalping and hedging per earlier reviews.
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.
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.
RegulationFINMA (Swissquote Bank Ltd), FCA, CSSF, CySEC, Malta FSA, MAS, SFC, FSCA; DFSA office in Dubai
- Minimum deposit
- $1,000 (Standard)
- Islamic / swap-free
- Swap-free Islamic account available on request
- Inactivity fee
- None
- Platforms
- MT4, MT5, CFXD (TradingView fees)
What to checkHigh minimum deposit.
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.
RegulationCySEC 340/17 (EU only); offshore entity for other clients
- Minimum deposit
- $100
- Islamic / swap-free
- Swap-free account for Muslim clients
- Inactivity fee
- None
- Platforms
- MT4, MT5, TradingView, WebTrader
What to checkThe CySEC licence does not cover a Saudi client.
RegulationCPT Markets UK (FCA 606110); Belize company for international clients
- Minimum deposit
- Not stated
- Islamic / swap-free
- No Islamic account
- Inactivity fee
- Not stated
- Platforms
- MT4 only
What to checkSaudi clients would be with the Belize entity.
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; Saudi clients 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’.
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 AvaTrade · Exness vs FBS · Exness vs HFM · Exness vs IC Markets · Exness vs Octa · Exness vs XM
RegulationCySEC 203/13 (EU); FSCA FSP 51523 (international)
- Minimum deposit
- About $1,000
- Islamic / swap-free
- Not clearly published
- Inactivity fee
- Not stated
- Platforms
- MT4, Sirix
What to checkSaudi clients are likely with the FSCA entity.
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.
ComparisonsExness vs FBS · FBS vs HFM · FBS vs Octa · XM vs FBS
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.
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.
ComparisonsExness vs HFM · FBS vs HFM · XM vs HFM
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.
ComparisonsExness 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.
RegulationTrinota Markets Global Limited, Seychelles FSA SD035; CySEC and DFSA entities for other regions
- Minimum deposit
- Very low
- Islamic / swap-free
- Islamic swap-free versions on all three account types
- Inactivity fee
- Not stated
- Platforms
- MT4, MT5
What to checkSaudi clients are likely with the Seychelles entity.
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.
ComparisonsExness vs Octa · FBS vs Octa · XM vs Octa
OROrbex
CFD / forex brokerMixedRegulationOrbex Ltd, CySEC 124/10; FSC Mauritius for international clients
- Minimum deposit
- $100 (Starter)
- Islamic / swap-free
- Swap-free trading mentioned; confirm terms
- Inactivity fee
- $20/month after 6 months
- Platforms
- MT4
What to checkSaudi clients generally trade with the Mauritius entity.
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.
TOTopFX
CFD / forex brokerMixedRegulationCySEC 138/11, Seychelles FSA SD037, BVI FSC SIBA/L/23/1161
- Minimum deposit
- $50 to $500 (sources differ)
- Islamic / swap-free
- Not stated
- Inactivity fee
- $5/month after 90 days
- Platforms
- MT4, MT5, cTrader, FIX API
What to checkSaudi accounts sit with the Seychelles or BVI company.
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.
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…
ComparisonsExness vs XM · XM vs AvaTrade · XM vs FBS · XM vs HFM · XM vs Octa
AXAxiory
CFD / forex brokerOffshore onlyRegulationAxiory Global Limited, FSC Mauritius; formerly Belize IFSC
- Minimum deposit
- $10
- Islamic / swap-free
- Islamic swap-free accounts on request
- Inactivity fee
- None (dormant accounts closed after three months)
- Platforms
- MT4, MT5, cTrader
What to checkWeaker protection than top-tier regulators.