Advantages:
- Metatrader 4 Forex broker
- Muslim friendly Forex broker
Disadvantages:
- Account opening policy is stringent. We have to admit
though that, it is beneficial in one way, as it proves
they are serious about their business.
Open a trading
account with IKON GM – Royal Division
Metatrader 4 Forex Brokers
A list of Forex brokers which support
Metatrader 4 Forex trading software as
a primary Forex trading platform. Metatrader 4
allows Forex traders a very flexible trading environment
including Forex trading automation with
MT4 expert advisors.
LiteForex:
| Company: |
Straighthold Investment Group
Inc. |
| On-line since: |
2004 |
| Regulation: |
Registered resident of the British
Virgin Islands, according to the terms of the International
Business Companies Act (Chap. 291). |
| Payment options: |
e-Bullion and Liberty Reserve
|
| Minimum account size: |
$0.01 |
| Minimum lot size: |
0.001 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- Metatrader Forex broker
- Very low minimum deposit to start trading
Disadvantages:
- No important disadvantages
FXOpen:
| Company: |
Belvedere Inc. |
| On-line since: |
2005 |
| Regulation: |
Unregulated |
| Payment options: |
CashU, E-Bullion and wire transfer |
| Minimum account size: |
$1 |
| Minimum lot size: |
0.001 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- MetaTrader 4 Forex broker
- Traders contests and competitions
- Bonus for real trader account opening
- Muslim Forex broker - no-overnight
interest accounts
- funds deposit/withdraw option
- Futures trading is available
- Start trading with as little as $1
Disadvantages:
- No important disadvantages
FXcast:
| Company: |
FXcast |
| On-line since: |
2005 |
| Regulation: |
Unregulated |
| Payment options: |
E-bullion, E-Dinar, c-gold, Liberty Reserve, wire
transfer and credit cards |
| Minimum account size: |
$1 |
| Minimum lot size: |
0.01 lot |
| Spreads: |
1 (one!) pip on EUR/USD on Swing platform, 3 pips
on EUR/USD on MT4 platform. |
Advantages:
- Metatrader 4 Forex broker
- 1 pip spread for EUR/USD for FXcast Swing platform.
- Start trading with as little as 1$
- e-gold, E-bullion, WebMoney, E-Dinar, c-gold, Liberty
Reserve and wire transfer deposit/withdraw options
- Leverage from 1:25 to 1:400
- Muslim friendly Forex broker
- Allows exchanges from e-gold to WebMoney and Liberty
Reserve
Disadvantages:
- No important disadvantages
NorthFinance:
| Company: |
North Finance Company Ltd |
| On-line since: |
2003 |
| Regulation: |
North Finance is registered in Belize. It operates
within the financial market in accordance with The Memorandum
of Association and Articles of Association, which was
granted to the company by Belize International Business
Companies Act. |
| Payment options: |
Wire transfer |
| Minimum account size: |
$100 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- MetaTrader 4 Forex broker
- Really fast and responsive support
- Variable leverage from 1:1 to 1:500
- No overnight interest for Muslim Forex traders
Disadvantages:
- No important disadvantages
Open a trading account with NorthFinance
Alpari:
| Company: |
Alpari Limited |
| On-line since: |
1998 |
| Regulation: |
Authorised and regulated by the Financial Services
Authority. FSA Register number 448002. |
| Payment options: |
Bank wire |
| Minimum account size: |
$200 |
| Minimum lot size: |
0.01 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- MetaTrader 4 Forex broker
Disadvantages:
- No important disadvantages
Interbank FX:
| Company: |
Interbank FX |
| On-line since: |
2001 |
| Regulation: |
Registered Futures Commission Merchant (FCM), registered
with the Commodity Futures Trading Commission (CFTC).
|
| Payment options: |
Bank wire, credit cards, check |
| Minimum account size: |
$250 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- MetaTrader 4 Forex broker
- Really low spreads
Disadvantages:
- Opening an account is a complicated process
Open
a trading account with Interbank FX
Direct Forex:
| Company: |
Direct Forex, LLC |
| On-line since: |
2005 |
| Regulation: |
Registered Futures Commission Merchant (FCM), a member
of the National Futures Association (NFA ID# 0351765)
and is regulated by the Commodity Futures Trading Commission
(CFTC). |
| Payment options: |
Bank wire and checks |
| Minimum account size: |
$500 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- MetaTrader4 Forex broker
- Mobile trading supported
Disadvantages:
- Opening an account is a complicated process
Open
a trading account with Direct Forex
X-Trade Brokers:
| Company: |
X-Trade Brokers S.A. |
| On-line since: |
2006 |
| Regulation: |
Regulated by the Securities and Exchange Commissions
of European Union. |
| Payment options: |
Bank wire |
| Minimum account size: |
$2,000 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- MetaTrader4 software support
- Supports trading over the phone
- Muslim Forex broker
Disadvantages:
- No mini Forex accounts
- Opening an account is a complicated process
Tadawul FX:
| Company: |
Tadawul FX SA. |
| On-line since: |
2006 |
| Regulation: |
Registered with ARIF (Association Romande des Intermédiaires
Financiers) - a Swiss organization against money laundering,
is also audited by Swiss financial auditor VERIFID.
|
| Payment options: |
Bank wire |
| Minimum account size: |
$1,000 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- Islamic Forex broker
- MetaTrader4 Forex broker
- Registered with very serious regulation authorities
- Mobile trading supported
Disadvantages:
- Opening an account is a complicated process
Western Capital Forex:
| Company: |
Western Capital Forex S.A. |
| On-line since: |
2005 |
| Regulation: |
Registered with OAR-G - a Swiss self regulated financial
organization. |
| Payment options: |
Bank wire and PayPal |
| Minimum account size: |
$5,000 |
| Minimum lot size: |
1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- MetaTrader 4 Forex broker
Disadvantages:
- No mini Forex accounts available
- Opening an account is a complicated process
Real Trade:
| Company: |
Real Trade Group |
| On-line since: |
2003 |
| Regulation: |
Unregulated |
| Payment options: |
e-gold, WebMoney and wire transfer |
| Minimum account size: |
$20 |
| Minimum lot size: |
0.01 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- deposit/withdraw method
- Metatrader Forex broker
Disadvantages:
- No important disadvantages
Open a
trading account with Real Trade
Crown Forex:
| Company: |
Crown Forex SA |
| On-line since: |
2004 |
| Regulation: |
Affiliated with the self-regulatory ARIF association.
|
| Payment options: |
Wire transfer |
| Minimum account size: |
$300 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
1 pip on EUR/USD |
Advantages:
- Metatrader Forex broker
- Low spreads
Disadvantages:
- Opening an account is a complicated process
- Limited use of Metatrader expert advisors
MIG Investments:
| Company: |
MIG Investments SA |
| On-line since: |
2005 |
| Regulation: |
Audited by KPMG and regulated by the Swiss Federal
Department of Finance, while also being a member of
ARIF. |
| Payment options: |
Wire transfer |
| Minimum account size: |
$2,000 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
2 (1 for institutional accounts) pips on EUR/USD |
Advantages:
- Metatrader Forex broker
- Competitive spreads
Disadvantages:
- Opening an account is a complicated process
SNC Investments:
| Company: |
SNC Investments, Inc. |
| On-line since: |
2005 |
| Regulation: |
Registered with Commodity Futures Trading Commission
(CFTC) and a member of National Futures Association
(NFA), NFA ID #0328909. |
| Payment options: |
Checks, wire transfer and BPS |
| Minimum account size: |
$500 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
Disadvantages:
- Opening an account is a complicated process
ODL Securities:
| Company: |
ODL Securities Limited |
| On-line since: |
2004 |
| Regulation: |
Regulated by Financial Services Authority. It is a
member of the London Stock Exchange and London International
Financial Futures and Options Exchange (Euronext.LIFFE).
|
| Payment options: |
Wire transfer, credit cards and checks |
| Minimum account size: |
$2000 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- Metatrader 4 Forex broker
Disadvantages:
- No important disadvantages
Neuimex:
| Company: |
Neuimex Direct Dealing S.A |
| On-line since: |
2005 |
| Regulation: |
Registered on British Virgin Islands. |
| Payment options: |
WebMoney and e-gold |
| Minimum account size: |
$400 |
| Minimum lot size: |
1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- Metatrader 4 Forex broker
- Futures trading is available
Disadvantages:
- No important disadvantages
Swissnetbroker:
| Company: |
Finex Group GMBH |
| On-line since: |
2005 |
| Regulation: |
Regulated as a Financial Intermediary under Swiss
Federal Law, regulated by PolyReg, FINEX Group is overseen
by the Federal Department of Finance in Switzerland.
|
| Payment options: |
Bank wire |
| Minimum account size: |
$200 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips (0 pips on ECN) on EUR/USD |
Advantages:
- Metatrader 4 Forex broker
- Advanced trading platform (Currenex) available
- ECN trading services available
Disadvantages:
- Opening an account is a complicated process
FIBOGroup:
| Company: |
Fibo Group Switzerland AG. |
| On-line since: |
2004 |
| Regulation: |
Unregulated |
| Payment options: |
Bank wire and VISA credit cards |
| Minimum account size: |
$300 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
Disadvantages:
- No important disadvantages
FXDD:
| Company: |
FXDD |
| On-line since: |
2002 |
| Regulation: |
Unregulated |
| Payment options: |
Bank wire, check, PayPal and BPS |
| Minimum account size: |
$500 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- Metatrader Forex broker
- Two custom platforms are also available
Disadvantages:
- No important disadvantages
iTradeFX:
| Company: |
i-TradeFX, LLC |
| On-line since: |
2004 |
| Regulation: |
Registered Futures Commission Merchant (FCM), a member
of the National Futures Association (NFA) (Member ID#
0367140) and is regulated by the Commodity Futures Trading
Commission (CFTC). |
| Payment options: |
Bank wire, credit cards and check |
| Minimum account size: |
$300 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- Metatrader 4 Forex broker
- Custom trading platform available
Disadvantages:
- Limited demo account period
ActiveTrades:
| Company: |
ActivTrades Ltd |
| On-line since: |
2004 |
| Regulation: |
Regulated and authorised by the Financial Services
Authority. |
| Payment options: |
Bank wire and credit cards |
| Minimum account size: |
€250 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- Metatrader 4 Forex broker
- Multiple custom trading platforms available
- Java platform available
Disadvantages:
Forex Trading Edge:
| Company: |
Forex Trading Edge |
| On-line since: |
2007 |
| Regulation: |
Introducing Broker of |
| Payment options: |
Wire transfer, credit cards and check |
| Minimum account size: |
$1,000 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- MetaTrader 4 Forex broker
- Web based Forex charting software
Disadvantages:
- Residents of United Kingdom and some other countries
cannot join Forex Trading Edge.
Boston Trading and Research:
| Company: |
Boston Trading and Research, LLC |
| On-line since: |
2007 |
| Regulation: |
Unregulated |
| Payment options: |
Bank wire, check, credit cards and PayPal |
| Minimum account size: |
$500 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- MetaTrader 4 Forex broker
Disadvantages:
- Not very informative web site
|