Is forex trading halal in Egypt?

Egypt's Dar al-Iftaa (the national fatwa authority) has addressed currency trading, generally permitting spot forex exchange as a legitimate commercial transaction when free of riba. Trading through Islamic (swap-free) accounts eliminates the interest component that would otherwise make standard accounts impermissible. Al-Azhar scholars have separately confirmed that swap-free forex accounts are compatible with Sharia principles when properly structured.

Can Egyptian traders open accounts with international forex brokers?

Yes. Egyptian citizens can open and operate accounts with internationally regulated brokers. There are no CBE restrictions preventing Egyptians from opening foreign brokerage accounts for personal trading. The brokers listed here are regulated by FCA, ASIC or CySEC and explicitly accept Egyptian clients.

What payment methods do Islamic brokers accept for Egyptian traders?

The most common deposit options for Egyptian traders are international bank wire (SWIFT), Skrill, Neteller, and increasingly USDT (Tether). Credit card deposits from Egyptian Visa/Mastercard cards are accepted at most brokers on this list. Withdrawal times via bank wire are typically 3–5 business days from Egypt.

Do Islamic forex accounts in Egypt cost more than standard accounts?

Not necessarily. Several brokers offer Islamic accounts with no additional charges — swap charges are simply removed. Others apply a flat administrative fee after a holding period. For Egyptian traders who hold positions for less than 24 hours (intraday), the distinction is irrelevant as no overnight swap would apply either way.

Which is the top-rated broker in this list for 2026?

Based on our scoring algorithm, Pepperstone currently ranks #1 with a score of 4.1/5. Scores are recalculated every 24 hours as broker data changes.

Best Islamic Forex Brokers in Egypt (2026) 2026 — Expert Rankings

Broker	Min Deposit	EUR/USD Spread	Regulation	Score
Pepperstone	$200	0.0 pips	ASIC, FCA	4.12/5
OANDA	$0	0.6 pips	FCA, CFTC	4.09/5
FxPro	$100	0.6 pips	FCA, CySEC	4.09/5

Egypt is the most populous Arabic-speaking country and home to approximately 90 million Muslim citizens. Islamic (swap-free) forex accounts are in high demand among Egyptian traders, allowing participation in global forex and CFD markets without incurring riba. All brokers on this list offer verified Sharia-compliant accounts available to Egyptian residents.

Forex trading in Egypt is overseen by the Egyptian Financial Regulatory Authority (FRA). International brokers regulated by FCA, ASIC, CySEC and MAS are widely used by Egyptian traders, with USD and EUR as standard account currencies. Egypt is one of BrokerRank's near-ranking markets — the query "best forex brokers Egypt" is tracking at position 27 in Google, making this a high-priority page for 2026.

What to Look for in an Islamic Forex Broker in Egypt

FRA-adjacent regulation — Egypt's Financial Regulatory Authority (FRA) does not directly licence international forex brokers. Egyptian traders should prioritise brokers with FCA, CySEC or ASIC licences as the strongest available protections.
USD or EUR account — Egyptian pound (EGP) is rarely supported as a base currency. USD accounts are standard; factor in local bank conversion rates when funding via EGP.
Arabic language support — Full Arabic platform interface and Arabic-speaking customer service are important for Egyptian traders, particularly for account opening documentation and dispute resolution.
Islamic account legitimacy — Egypt's Al-Azhar University is a leading authority on Islamic finance. Where brokers publish Sharia certification from recognised Islamic bodies, Egyptian traders should request documentation before opening accounts.
Local funding options — Bank wire from Egyptian banks (CIB, Banque Misr, NBE) is the most common deposit method. Some brokers accept Skrill or Neteller which Egyptian traders can fund locally.

See all forex brokers available in Egypt →

Also see Islamic brokers in: UAE · Jordan · Morocco

📊 Also interested in CFD trading in Egypt? See best CFD brokers in Egypt →

Best Islamic Forex Brokers in Egypt (2026) 2026

Pepperstone

OANDA

FxPro

eToro

Plus500

AvaTrade

Capital.com

BlackBull Markets

XM

ThinkMarkets

FBS

IC Markets

Vantage Markets

FP Markets

HFM

Exness

Markets.com

Eightcap

Axi

InstaForex

FXTM

Fusion Markets

NAGA

Tickmill

RoboForex

BDSwiss

Weltrade

Alpari

Grand Capital

Orbex

Global Prime

Axiory