8 Best Forex Brokers in Afghanistan
Last Update: April 30th, 2024
8 Best Forex Brokers in Afghanistan – Rated and Reviewed. We have compiled a List of the Top 8 Forex Brokers that accept Afghan Traders.
In this in-depth guide, you will learn:
- The Best Forex Brokers Accepting Afghan Traders
- Is Trading in Afghanistan Legal?
- The Best Forex Brokers for Beginners with a Low AFN Deposit
- The Best Islamic, Swap-Free Forex Accounts in Afghanistan
and much, MUCH more!
8 Best Forex Brokers in Afghanistan – a Comparison
| 🔎 Broker | 🚀 Open an Account | 💶 Min. Deposit (AFN) | 🤝 Accepts Afhgan Traders |
| 🥇 AvaTrade | 👉 Click Here | 7200 AFN | ✅Yes |
| 🥈 FP Markets | 👉 Click Here | 7200 AFN | ✅Yes |
| 🥉 FXTM | 👉 Click Here | 7200 AFN | ✅Yes |
| 🏅 Axi | 👉 Click Here | None | ✅Yes |
| 🎖️ HF Markets | 👉 Click Here | 360 AFN | ✅Yes |
| 🥇 IC Markets | 👉 Click Here | 14400 AFN | ✅Yes |
| 🥈 FBS | 👉 Click Here | 360 AFN | ✅Yes |
| 🥉 XM | 👉 Click Here | 360 AFN | ✅Yes |
8 Best Forex Brokers in Afghanistan (2024)
- ☑️ AvaTrade – Overall, the Best Forex Broker offering its services in Afghanistan
- ☑️ FP Markets – Superior trading conditions
- ☑️ FXTM – Best Forex Broker for Beginner Afghan Traders
- ☑️ Axi – No Deposit or Withdrawal Fees
- ☑️ HF Markets – Excellent all-round offering
- ☑️ IC Markets – Low AFN Minimum Deposit Requirement
- ☑️ FBS – Great currency pair selection
- ☑️ XM – Wide range of trading instruments
AvaTrade
As a Multi-Regulation Forex Broker, AvaTrade offers its services to multiple countries across the globe. AvaTrade offers access to an Islamic, Swap-Free account that follows the principles of Sharia Law. Halal Trading is made available on:
- Halal Gold and Silver Trading
- Halal Oil Trading
- Halal Indices Trading
- Islamic Forex Trading
Additionally, Muslim Traders can make use of the AvaTrade Demo Account at no cost.
Our Insights
In my opinion, AvaTrade is one of the Best Global Forex Brokers, with unmatched Financial Regulations. AvaTrade takes all levels of trading experience into account, making it the perfect choice for Novis Afghan Trades who choose to open an Islamic, Swap-Free Account.
FP Markets
As a well-established global CFD and Forex Broker, FP Markets offers access to 10,000+ tradable CFD products on the world’s biggest exchanges. Afghan Traders will be able to open an MT4 or MT5 Islamic Swap-Free Account, that does not incur swaps/rollover or overnight fees.
However, the Account holder will be charged an administration fee on positions, deducted from the account balance. Aghan Traders are also free to use the FP Markets Demo Account without restriction or additional cost.
Our Insights
When reviewing FP Markets, I have found the Broker to be well-regulated with ultra-fast trading execution, advanced trading platforms, and multiple account options on offer. Aside from the Islamic Account, Afghan traders will be pleased to find a multilingual Customer Support team on call – 24/7.
FXTM
As a Broker based on Trust, FXTM offers its services to over 1 million people in 150+ countries across the globe, including Europe, Africa, and, Asia. Swap-free options are available on all FXTM accounts, except the MT5 Account. Traders can select the option as part of the account registration process.
Our Insights
FXTM, in my opinion, is one of the Best Forex Brokers for Afghan Traders, with any level of trading experience. A Swap-Free Option is available on both Advantage and Advantage Plus Accounts making it an acceptable Broker choice for Beginner and Professional Traders.
Axi
Trusted by thousands of clients worldwide, Axi is “built by Traders for Traders”. Axi offers access to an Islamic Account featuring no swap fees or interest payments. Other notable features of the Swap-Free Account include:
- Falls under Global Regulation
- 140+ Trading Products
Traders will be able to trade via the MetaTrader 4 Platform.
Our Insights
When opening the Axi website, I could see that this Broker takes traders of all experience levels into account. Finding information on any topic is straightforward, clear, and comprehensive.
HFM
HF Markets offers superior trading conditions, excellent trading tools, and, Convenient Platform Options. Traders in Afghanistan can select to trade swap-free. Notable features of the HFM Swap-Free account include:
- No Fees for Overnight Trades
- Leverage of up to 1:2000
- Variety of Options Available
No Hidden or Additional Fees are charged and all trading volumes are available.
Our Insights
In my opinion, HF Markets is an extremely user-friendly and safe broker choice. I was pleasantly surprised about the wide range of Account Types on offer, with Swap-Free trading available to all traders, not only those of the Muslim faith.
IC Markets
With tight spreads and excellent trading conditions, IC Markets is one of the most popular and largest MetaTrader 4 Forex CFD providers in the world. Muslim traders in Afghanistan can open an Islamic account with IC Markets in a few simple steps. Notable features of the Islamic Account include:
- Leverage of up to 1:1000
- Spreads as low as 0.0 Pips
- No swap/Interest Adjustments
- Access to MetaTrader4, MetaTrader 5, and, cTrader
Traders will be allowed to trade over 90 instruments on both Raw Spread and Standard Accounts.
Our Insights
When opening an Islamic Account with IC Markets, I found the process to be clear and straightforward. What sets this Islamic account apart from competitors is the availability of 3 Trading Platforms – MT4, MT5, and, cTrader.
FBS
With a Swap-Free option on both Cent and Standard Accounts, FBS is an excellent Broker choice for Beginners. The FBS Islamic account offers notable features, including:
- Leverage of up to 1:30
- Floating Spreads from 1 Pip
- Fast Execution
- Over 60 Trading Instruments
Traders will be able to use the MetaTrader 5 platform to execute their trades.
Our Insights
Applying for an FBS Islamic Account is an easy 2-step Process. Once I chose and registered a Standard account, the FBS Customer Support team assisted me in finalizing the process.
XM
XM is a well-established and trusted broker that offers its services to 190 countries across the globe. Traders in Afghanistan can open an XM Islamic Account with no interest/swap charges on overnight positions. Additional features of the account include:
- No spread widening
- Leverage of up to 1000:1
- 100% real-time market execution
The XM Islamic account offers the same trading conditions as all other XM Account options.
Our Insights
XM is one of the Best Brokers I have reviewed in the course of writing this article. XM not only offers access to an impressive Islamic account but also makes a Free Demo Account and Comprehensive Educational Resources available.
Is Forex Trading Legal in Afghanistan?
Forex Trading is Legal in Afghanistan and falls under the regulatory authority of the ACMA. With 99.7% of the Afgah Population being Muslim, traders will be required to open an Islamic, Swap-Free account to legally trade.
What is an Islamic Swap-Free Forex Account?
An Islamic, Swap-Free Account in Forex is an account designed to comply with Shariah law. Clients, who due to their religious beliefs, can not earn or pay interest or swap fees will be able to trade Forex via a Swap-Free Account.
In Conclusion
Trading in Afghanistan has become increasingly popular with a large number of individuals looking to invest. Multiple top-tier, well-regulated Forex Brokers make both Swap-Free and Standard account options available to Afghan Traders.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | CySEC,MISA, FSCA | USD 20 | Visit Broker >> |
Our Insights
In the process of reviewing the Best Forex Brokers that accept Afghan Traders, I have found 8 excellent options. Each broker has its list of Benefits, ranging from Swap-Free accounts to Multilingual Customer Support, but finding the Best Forex Broker will depend on a trader’s individual trading needs.
You might also like:
- AvaTrade Review
- FP Markets Review
- FXTM Review
- Axi Review
- HF Markets Review
- IC Markets Review
- FBS Review
- XM Review
Frequently Asked Questions
Is Forex Trading Legal in Afghanistan?
Forex Trading is both legal and popular in Afghanistan.
Is Forex Trading regulated in Afghanistan?
Forex in Afghanistan falls under the regulatory authority of the ACMA.
Can individuals of Muslim Faith trade Forex?
Traders of the Muslim Faith can trade Forex per Sharia Law via an Islamic, Swap-Free Account.
What is an Islamic Account?
An Islamic, Swap-Free Account in Forex is an account designed to comply with Shariah law.
Top 4 Brokers
