✅ Forex Malaysia - Forex Trading in Malaysia
Forex Malaysia - Forex Trading in Malaysia

Islamic Forex account (Swap free Forex brokers)

There are forex brokers that offer Islamic Forex Accounts to the clients who belong to this widely accepted faith. Standard account holders are subject to pay or receive interest for the positions that are held overnight, a factor that falls under the practice of usury according to Islam, so it’s a no-no situation for Islamic traders.

Islamic trading accounts, on the other hand, take into account factors such as no interest charged (Swap-free Islamic account) or the same currency exchange, the fact that the exchange must be done between two parties (or hand to hand), and the lack of solid reasoning for a currency movement that would make it a gamble under Riba law in Islam. Islamic traders can now take part in the foreign exchange market without exposing themselves to the unjustified areas of the business that would otherwise put them in a position to be held accountable by the Islamic laws. Learn more within the article “Forex in Islam, Halal or Haram”.

So as long as no Islamic laws are broken, the Islamic traders can trade comfortably and with peace of mind. Below, we have listed the best Islamic forex brokers in Malaysia that offer Islamic Swap-free Accounts to their clients.
islamic swap-free forex account
XM Malaysia
XM Malaysia
🕌 XM offers an Islamic account with no interest, no spread widening, no up-front commission, no re-quotes/hidden costs, and you can hold your position as long as you’d like. No time limit.
Minimum Deposit: $1
Account Types: Micro, Standard, Ultra low
Leverage: 1:1000
Spread: Floating
Platform: MT4/5, WebTrader, Mobile
Deposit and Withdrawal: Local Malaysian banks, Credit Cards, PerfectMoney, FasaPay, Skrill, Neteller
Regulations: CySEC, IFSC, ASIC, FCA, DFSA
Country: Cyprus
Malaysian customer support: Yes (Email, Live chat, Phone)
FP Markets Malaysia
FPMarkets Malaysia
🕌 The swap-free account is available by request at FPMarkets for all Muslim traders for both MT4 and MT5 trading accounts. However, you can only trade swap-free for the first 5 days. After that, there will be a certain fee for each night, depending on the currency pairs.
Minimum Deposit: $100
Account Types: Standard, Raw
Leverage: 1:500
Spread: Floating
Platform: MT4/5, WebTrader, Mobile, Iress
Deposit and Withdrawal: Bank Wire, Credit Cards, Paypal, Skrill, Neteller, FasaPay, Bitcoin & more
Regulations: ASIC, CySEC
Country: Australia
Malaysian Support Desk: Yes (Email, Live chat, Phone)
M4Markets Malaysia
M4Markets Malaysia
🕌 M4Markets offers a swap-free account to Muslim traders. There are no interest charges on any instruments for 10 calendar days, but after that period, there will be a certain commission depending on your account type. This feature is available by request for all account types.
Minimum Deposit: $5
Account Types: Standard, Raw Spread, and Premium
Leverage: Up to 1:3000
Spread: Floating
Platform: MT4/5, WebTrader, Mobile
Deposit and Withdrawal: Bank Wire, Credit Cards, Skrill, Neteller, PerfectMoney, Vload, FasaPay, Sticpay, Bitcoin, Local Malaysian Banks
Regulations: FSA
Country: Seychelles
Malaysian Support Desk: Yes
FBS Malaysia
FBS Malaysia
🕌 FBS offers Islamic trading accounts to all traders who want to avoid additional charges for holding positions overnight. All interest charges are always equal to 0 regardless of your transactions. You can activate the interest-free feature once you have registered and validated your trading account.
Minimum Deposit: $1
Account Types: Micro, Cent, Standard, ECN, Zero-Spread
Leverage: 1:3000
Spread: Floating & Fixed
Platform: MT4/5, WebTrader, Mobile
Deposit and Withdrawal: Local Malaysian banks, Credit Cards, PerfectMoney, FasaPay, Skrill, Neteller, Bitcoin
Regulations: CySEC, IFSC
Country: Cyprus, Cyprus
Malaysian customer support: Yes (Email, Live chat, Phone)
HFM Malaysia
HotForex Malaysia
🕌 HFM offers swap-free services for Micro, Premium, Auto, and Zero Spread accounts. All services will remain the same except for the interest charges for holding positions overnight which will be eliminated. They are available for MetaTrader 4, Webtrader, and mobile trading in USD and EUR based currencies.
Minimum Deposit: $5
Account Types: Micro, Premium, Zero, Fixed, VIP
Leverage: 1:3000
Spread: Floating & Fixed
Platform: MT4/5, WebTrader, Mobile
Deposit and Withdrawal: Local Malaysian banks, Credit Cards, PerfectMoney, FasaPay, Skrill, Neteller, Bitcoin
Regulations: CySEC, FCA, FSC, FSB, DFSA
Country: Cyprus
Malaysian customer support: Yes (Email, Live chat, Phone)
FXTM Malaysia
ForexTime Malaysia
🕌 The swap-free Islamic option is available in all FXTM trading accounts. You simply need to open a verified account and make a deposit with the “swap-free” mode enabled. However, this option does not apply to MT5 and exotic currency trading.
Minimum Deposit: $5
Account Types: Cent, Standard, ECN, Zero-Spread, Pro
Leverage: 1:3000
Spread: Floating
Platform: MT4/5, WebTrader, Mobile
Deposit and Withdrawal: Local Malaysian banks, Credit Cards, PerfectMoney, FasaPay, Skrill, Neteller, Bitcoin
Regulations: CySEC, IFSC, FCA
Country: Cyprus
Malaysian customer support: Yes (Email, Live chat)
HYCM Malaysia
HYCM Malaysia
🕌 At HYCM, Islamic accounts are available to Muslim traders with 0 interest fee for the first 14 days of opening trading positions in the market. After 14 days, a fixed $5 storage fee will be charged per night for every full contract if you continue holding your position.
Minimum Deposit: $100
Account Types: Fixed, Classic, Raw
Leverage: 1:500
Spread: Fixed & Floating
Platform: MT4/5, Mobile
Deposit and Withdrawal: Bank Wire, Credit Cards, Skrill, Neteller, Webmoney
Regulations: CySEC, FCA, DFSA, CIMA
Country: Cyprus, UK
Malaysian customer support: No
Alpari Malaysia
Alpari Malaysia
🕌 At Alpari, swap-free Islamic accounts are available for MT4 trading accounts, offering the clients to pay a $3 fixed commission per minimum lot instead of interest depending on the currency pair and number of open lots.
Minimum Deposit: $1
Account Types: Nano(Cent), Standard, ECN, ECN Pro
Leverage: 1:3000
Spread: Floating & Fixed
Platform: MT4/5, WebTrader, Mobile
Deposit and Withdrawal: Local Malaysian Banks, Credit Cards, Webmoney, FasaPay, Skrill, Neteller
Regulations: FSA, IBC
Country: Cyprus
Malaysian customer support: Yes (Email, Live chat)
IronFx Malaysia
Ironfx Malaysia
🕌 Among various trading accounts, IronFX also provides a swap-free Islamic account, which is only available by request and after meeting several requirements. By using this account, you are free from any swaps for any trading position open in less than 10 days. However, after the said period you are to pay a fee.
Minimum Deposit: $100
Account Types: Micro, Standard, ECN, Zero-Spread, VIP
Leverage: 1:3000
Spread: Floating & Fixed
Platform: MT4, WebTrader, Mobile
Deposit and Withdrawal: Bank Wire, Credit Cards, PerfectMoney, FasaPay, Skrill, Neteller, Bitcoin, Local Malaysian Banks
Regulations: CySEC, FCA, ASIC
Country: Cyprus
Malaysian Support Desk: Yes (Email, Live chat, Phone)
Home    |    Forex Brokers in Malaysia    |    No Deposit Bonus Forex    |    Open Forex Account    |    Live Forex Charts    |    Contact Us
High Risk Warning: Trading with highly leveraged Forex products carries a high level of risk; this could be both advantageous and disadvantageous. In the process of trading, you may sustain a loss in excess of your deposited funds. As a result, it may not be suitable for all investors. Before deciding to trade in the real market, please make sure that you understand the risks fully, and seriously consider your investment objectives and your level of experience.
© 2018 - 2025 ForexMalaysia.my All Rights Reserved.