FXTM Islamic Account 2026: Swap-Free Trading

FXTM offers an Islamic (swap-free) account. Swap-free accounts remove overnight interest (swap) from positions, which is required for Sharia-compliant trading. You can test the platform on a demo account (Yes).

On a swap-free account, no interest is credited or charged when positions roll over. Islamic accounts are available. Some brokers apply an administration fee after positions are held beyond a set period — confirm the terms in the FXTM account documentation.

Request the Islamic account when registering at FXTM or from the client portal. Verification: Government ID + proof of address. The minimum deposit is $10, and platforms include MT4, MT5, FXTM Trader App.

FXTM operates with a minimum deposit of $10 and offers leverage up to 1:2000. EUR/USD spreads are quoted from 0.0 pips (ECN) | 1.5 pips (Standard), with a commission structure of $2/lot (ECN Zero) on ECN / STP execution.

Trading platforms include MT4, MT5, FXTM Trader App. Deposit methods span Card, Bank, Skrill, Neteller, Local, and withdrawal processing runs at 24 hours.

The broker holds 2 Tier-1 and 1 Tier-3 licence (FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius)), with client protection of £85,000 (FSCS) / €20,000 (ICF). Operating since 2011 from Cyprus.

FXTM is positioned African & Asian traders & copy trading users.

Educational resources are rated Good, covering market analysis and platform training.

Reviewers consistently note: FCA and CySEC regulated; Low $10 minimum deposit; FXTM Invest copy trading.

Deposit methods at FXTM: Credit/Debit Card (Instant), Bank Transfer (1-3 Days), Skrill/Neteller (Instant), Local/Regional Rails (e.g. NGN) (Instant to 1 Day).
Withdrawal methods: Same as deposit method (Up to 24 hours).
Supported base currencies: USD, EUR, GBP, NGN.
Broker-listed deposit fee: None.
Broker-listed withdrawal fee: None from FXTM's side (intermediary/bank fees may apply).
Verification: Government ID + proof of address.
Time to open an account: Same day (subject to verification).
Forex pairs available: 60+.

FXTM is positioned African & Asian traders & copy trading users, which matters when comparing it against other brokers for this decision.
Strengths in our review: FCA and CySEC regulated; Low $10 minimum deposit; FXTM Invest copy trading; Excellent local support in Africa; Multiple account types.
Watch-outs in our review: High swap rates on some pairs; ECN account has higher minimum deposit; No cTrader or TradingView.
Platform support: MT4 supported, MT5 supported, cTrader not supported, TradingView not supported, proprietary Yes (FXTM Trader).
Islamic (swap-free) accounts: supported. Demo account: Yes.
Education resources are rated Good.
Regulatory footprint: FCA (UK) (Tier 1), CySEC (Cyprus) (Tier 1), FSCA (South Africa) (Tier 2), FSC (Mauritius) (Tier 3).

FXTM is rated 4.4/5 in our editorial reviews and holds licences across 4 regulated entities.
The broker was founded in 2011.
Headquarters are in Cyprus.
It has been licensed since 2011.
Positioning: African & Asian traders & copy trading users.
Commission model: $2/lot (ECN Zero).
Leverage reaches 1:2000.
Minimum deposit: $10.

Strengths: FCA and CySEC regulated; Low $10 minimum deposit; FXTM Invest copy trading; Excellent local support in Africa; Multiple account types.

Weaknesses: High swap rates on some pairs; ECN account has higher minimum deposit; No cTrader or TradingView.