Best Islamic Forex Brokers Saudi Arabia 2026

Last reviewed:January 15, 2026

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By:James Wilson

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Fact-checked by:Edith Balazs

Best Halal Forex Brokers in Saudi Arabia 2026

Finding a strictly Sharia-compliant broker in Saudi Arabia is essential. We have identified top-tier brokers that offer specific 'No Riba' accounts for Saudi residents, complete with local support and Mada bank card integration. Our list emphasizes brokers that replace swaps with transparent flat fees or zero fees on major pairs.

Is online forex trading legal in Saudi Arabia?

Yes, trading with regulated offshore brokers is a common practice. Saudi residents should prioritize brokers regulated by top-tier authorities like the DFSA (Dubai), FCA (UK), or ADGM (Abu Dhabi).

Sharia Compliance

Admin fees and terms.

Broker
AvaTrade	Islamic Option	Verified
Pepperstone	Swap-Free	After 7 Days
XTB	Islamic Account	None
IC Markets	Islamic Account	$5/lot (Flat)
Tickmill	Islamic Account	None

Detailed Broker Analysis

AvaTrade

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Recommended

Best for KSA.

4.6/5App Score

AvaTrade is extremely popular in Saudi Arabia (KSA) for its dedicated Islamic account which is fully certified Halal. They offer excellent Arabic support.

Forex spread classFixed

Minimum deposit$100

Inactivity fee$50/yr

Currency pairs55

Deposit methodsCard

Withdrawal fee$0

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Pepperstone

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Recommended

Top Execution.

4.8/5App Score

Pepperstone brings institutional grade speeds to Islamic traders. Their Razor account can be converted to Swap-Free, offering raw spreads with no interest charges.

Forex spread classRazor

Minimum deposit$0

Inactivity fee$0

Currency pairs90+

Deposit methodsWire

Withdrawal fee$0

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XTB

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Recommended

DIFC Regulated.

4.7/5App Score

XTB MENA operates under DFSA regulation, offering high security for Saudi clients. Their xStation 5 platform is fully localized in Arabic.

Forex spread classLow

Minimum deposit$0

Inactivity fee$0

Currency pairs50

Deposit methodsBank

Withdrawal fee$0

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Frequently Asked Questions

Yes, trading with regulated offshore brokers is a common practice. Saudi residents should prioritize brokers regulated by top-tier authorities like the DFSA (Dubai), FCA (UK), or ADGM (Abu Dhabi).

Yes, most international brokers accept wire transfers from Saudi banks. Some also accept credit/debit cards (Mada/Visa) for instant funding.

A 'No Riba' (Islamic) account eliminates all interest payments. In forex, this means no swap fees are credited or charged for holding positions overnight.

Why Trust BrokerAnalysis?

Our reviews are built using verified broker data, regulatory records, and hands-on testing. Rankings are updated regularly and are not influenced by paid placements.

Our Methodology Meet Our Team

Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Not Financial Advice:

Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers →

Affiliate Disclosure:

BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology.

Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026

Trading Styles

Execution Model

Platform & Asset

Spreads & Costs

Features & Safety

Best Halal Forex Brokers in Saudi Arabia 2026