For UAE residents who need an Islamic swap-free account, our pick is Capital.com, followed by XS. Pepperstone, our usual first choice, does not offer its swap-free account to UAE residents, so it ranks third here and only for traders who do not need swap-free status.
Short answer: Capital.com and XS both list the UAE as eligible for swap-free accounts; Pepperstone does not offer its swap-free account in the UAE.
Capital.com: UAE residents can switch to swap-free by contacting support with no open trades; it holds a CMA Category One dealing licence.
XS: swap-free status is applied automatically for UAE residents, on all account types on MT4 and MT5, with no added fees.
XS notes that crypto positions get a 3-day grace period and shares pay swaps from the first day.
Pepperstone's swap-free account is limited to an eligible-country list that excludes the UAE and Saudi Arabia.
Whether an account meets your religious requirements is a question for a qualified scholar.
Why Pepperstone is third on this page
Pepperstone leads our other UAE guides, but it offers swap-free accounts only in an eligible-country list, and the UAE is not on it. Its own site also notes that, where it does offer an Islamic account, an administrative fee may apply depending on the instrument and how long a trade stays open. We would rather tell you that than send you to an account you cannot open.
If you do not need swap-free status, Pepperstone's Standard and Razor accounts remain our general pick in the UAE, with AED accounts and Arabic support from its Dubai team.
Swap-free for UAE residents
Swap-free accounts for UAE residents, AED account currency, no trading commission and an onshore CMA dealing licence.
Swap-free status applied automatically for UAE residents on every account type, with no extra fees; Elite spreads from 0.1 pips on EUR/USD ($6 round-turn commission, $500 minimum).
Pepperstone, Capital.com and XS are our partners. We may earn a commission if you open an account through our links. That does not change the facts on this page.
Your questions, answered
Is forex trading halal, and which brokers offer compliant accounts?
That is a religious question, and scholars differ on leveraged trading, so ask a qualified scholar you trust. What we can tell you is which accounts remove the overnight interest charge: Capital.com and XS both offer swap-free accounts to UAE residents. Pepperstone does not offer its swap-free account in the UAE. A swap-free label alone does not settle whether a product is compliant for you.
What is the best Islamic forex account?
For UAE residents we pick Capital.com's swap-free account, because it comes from a firm with an onshore CMA dealing licence, has no trading commission and can be held in dirhams. XS is the alternative if you want MetaTrader and the Elite pricing model, with spreads from 0.1 pips on EUR/USD for a $6 round-turn commission and a $500 minimum. Compare what each charges on positions held for several days before you choose.
Which halal trading apps are available in the UAE?
No app is halal in itself; what matters is the account behind it and how you use it. Capital.com's own app and the XS app both connect to accounts that can be swap-free for UAE residents. Capital.com's app adds price alerts and an AI assistant, while the XS app lets you open demo and live accounts and move funds.
Which swap-free brokers don't charge admin fees on held positions?
XS states that it does not replace swaps with wider spreads or extra fees on swap-free accounts, though its notes say shares pay swaps from day one and crypto pairs get a 3-day grace period. Capital.com's help centre explains how to switch to swap-free but does not list a holding fee there, so ask its support to confirm the terms in writing. Pepperstone's site says an admin fee may apply on its Islamic account, which in any case is not offered in the UAE.
Can I trade gold with a swap-free account, and which brokers allow it?
Yes. XS offers gold, silver, platinum and palladium CFDs, and its swap-free status applies to all account types on MT4 and MT5. Capital.com lists spot gold among its 65+ commodity markets, and its swap-free account covers UAE residents. Check the instrument-level terms before you hold gold for weeks, because grace periods and conditions can differ by market.
Which brokers offer swap-free accounts on MT5?
XS applies swap-free status to every account type on both MetaTrader 4 and MetaTrader 5 for UAE residents, so its MT5 Standard, Pro and Elite accounts all qualify. Capital.com also supports MT5 with Expert Advisors, and its swap-free option is available to UAE clients. If you trade with automated strategies, confirm with the broker that swap-free status carries over to your MT5 login.
Which brokers offer halal gold trading in the UAE?
For gold on a swap-free basis we would start with Capital.com, then XS, because both offer swap-free accounts to UAE residents. Some scholars hold that gold must change hands on the spot, which a leveraged CFD does not do, so a CFD may not meet your requirements even without swaps. If ownership matters to you, buying physical gold from a UAE dealer is the more conservative route.
Published 2026-10-21. Informational only, not investment advice. CFDs are leveraged products and most retail accounts lose money.
Swap-free for UAE residents
Automatic swap-free
Not swap-free in the UAE