Why these brokers made the list
The order reflects this article's product and regional decision, using the established UAE broker shortlist as a starting point.
1. XTB
Best documented swap-free instrument schedule in this group. Its MENA terms give GOLD, OIL and OIL.WTI a 30-day grace period, after which daily swap points can apply. XTB MENA appears in the DFSA register.
Entity in our UAE comparison: XTB MENA Limited. UAE regulatory reference: Dubai Financial Services Authority for XTB MENA Limited; F006316. Confirm the entity on your own application.
Minimum deposit in our UAE comparison: $0. Platforms: xStation 5 · xStation Mobile. Arabic support: Yes. Islamic account: Yes.
Before choosing: Confirm eligibility by residence and product, the day-31 fee, and whether your own contract is with XTB MENA.
Official sources: XTB MENA swap-free terms, DFSA register, company information.
2. eToro
Its UAE entity appears in the FSRA register, and eToro publishes a swap-free fee schedule. Its policy describes administration fees after a seven-day grace period on relevant CFD positions.
Entity in our UAE comparison: eToro (ME) Ltd. UAE regulatory reference: ADGM Financial Services Regulatory Authority; Financial Services Permission 220073. Confirm the entity on your own application.
Minimum deposit in our UAE comparison: $50. Platforms: eToro Web · eToro Mobile. Arabic support: Yes. Islamic account: Yes.
Before choosing: Check the per-instrument daily administration fee, product structure on the ticket and entity assigned to your country.
Official sources: eToro swap-free fee schedule, ADGM firm profile, Middle East terms.
3. Capital.com
A UAE CMA-licensed CFD platform that advertises an Islamic account. Strong for an accessible interface, but Islamic-account availability is not proof that every CFD meets a religious standard.
Entity in our UAE comparison: Capital Com MENA Securities Trading L.L.C.. UAE regulatory reference: UAE Capital Market Authority (formerly SCA); 20200000176. Confirm the entity on your own application.
Minimum deposit in our UAE comparison: $20. Platforms: Capital.com Web · Mobile · MT4 · MT5. Arabic support: Yes. Islamic account: Yes.
Before choosing: Request the current Islamic-account conditions, permitted instruments and any replacement fees in writing.
Official sources: Capital.com UAE Islamic account and entity, UAE entity and licence, SCA licensed-company report.
4. XM
MT4/MT5 and a small stated opening deposit make it accessible. Its DFSA-listed MENA entity and Arabic account pages warrant checking alongside the exact swap-free instrument list.
Entity in our UAE comparison: Trading Point MENA Limited. UAE regulatory reference: Dubai Financial Services Authority; F003484. Confirm the entity on your own application.
Minimum deposit in our UAE comparison: $5. Platforms: XM App · MT4 · MT5. Arabic support: Yes. Islamic account: Yes.
Before choosing: Ask whether the account is automatically swap-free, which markets are excluded and when an administration charge applies.
Official sources: XM MENA account types, DFSA register, MENA entity information.
5. Pepperstone
Broad platform choice and UAE commodity CFD access. Its UAE CMA-licensed introducer is separate from the Bahamas product issuer. Swap-free availability can depend on residency and issuer.
Entity in our UAE comparison: Pepperstone Markets Limited, introduced by Pepperstone Financial Services (DIFC) Limited. UAE regulatory reference: Dubai Financial Services Authority; F004356. Pepperstone's current UAE legal page also identifies a CMA-licensed introducer and a Bahamas product issuer; confirm the firm on your agreement.
Minimum deposit in our UAE comparison: $10. Platforms: MT4 · MT5 · cTrader · TradingView. Arabic support: Yes. Islamic account: Yes.
Before choosing: Obtain the issuing entity, swap-free eligibility and written administration-fee schedule before trading.
Official sources: Pepperstone UAE legal documents, DFSA register.
How we selected the ranking
We rank the clarity of entity, swap-free rules and replacement costs ahead of marketing labels. We do not certify Shariah compliance or treat a DFSA, FSRA or UAE CMA licence as a religious ruling.
The source of the asset also matters: a directly owned share, a fund unit and a leveraged CFD create different rights and questions. For gold, AAOIFI Standard 57 emphasises spot settlement and possession.
See our broker rating methodology for the wider evidence standard.
Regulation versus Islamic account terms
The UAE CMA, DFSA and FSRA supervise different entities and activities. Their registers can verify a firm's legal permission but do not certify its Islamic account as Shariah-compliant.
For Saudi residents, use the CMA register; for other Gulf residents, identify the local regulator and the actual overseas contracting entity. A broker's foreign licence must not be presented as a local licence.
Official registers and standards: UAE licensed companies register, DFSA public register, ADGM public registers, AAOIFI–World Gold Council gold standard.
Other routes worth comparing
These solve different ownership or market-access needs and are not ranked as equivalent to the international CFD platforms.
Saudi-listed gold fund. Albilad Gold ETF describes a Shariah-compliant, physical-gold fund structure. Assess its current prospectus and buy eligible units through an Exchange member. Albilad Capital: Gold ETF 9405.
Directly owned securities. A cash account for real shares or fund units avoids a CFD's margin structure; check company screening, custody, lending and account interest policies separately. IBKR account types and products.
Allocated gold. For gold ownership, apply the AAOIFI gold standard's spot and allocation tests to the actual provider documents. AAOIFI–World Gold Council gold standard.
Risk warning
CFDs, forex and futures can cause rapid losses, including from leverage and gaps. This comparison is general information, not personal investment or religious advice. Availability, fees and protections depend on your account entity and current product terms.
