HalalEdge  ·  Independent halal broker reviews  ·  Updated June 2026 We may earn a commission when you open an account through our links. This never affects our ratings.
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See the 2026 ranking
Transparent methodology

How we assess Islamic compliance

Every broker we rank is assessed using the same 65-data-point framework. No guesswork, no paid rankings.

65
Data points per broker
18
Research hours per review
Quarterly
Review update cadence

Our 6 scoring pillars

Each broker earns a score out of 10 for each pillar. The final score is a weighted average. Pillar weights reflect what matters most to Shariah-conscious traders.

Swap-free compliance

35%

Swap-free account model, admin fee analysis, time limits, hidden interest checks and structural compliance.

Regulation & safety

25%

Regulatory licence tier (FCA/ASIC vs offshore), fund segregation, compensation scheme and audit frequency.

Trading cost

15%

Spreads, commissions, all-in cost per lot on Islamic accounts, and cost comparison vs standard accounts.

Platform choice

10%

MT4, MT5, cTrader, TradingView availability, mobile app quality and charting depth.

Withdrawals

8%

Processing speed, method variety, fees, and reliability of withdrawal execution.

Support

7%

Response time, resolution quality, live chat availability and multilingual support (Arabic, Urdu).

Our assessment process

  1. 1Open an Islamic account. We open an Islamic/swap-free account using our own funds. No sponsored access, no demo accounts.
  2. 2Read the Islamic account terms in full. We examine the swap-free policy, admin fee schedule, time limits, and any clauses that reference storage fees or reclassification.
  3. 3Compare Islamic vs standard costs. We compare live spreads and any additional charges on the Islamic account against the standard account for the same instruments.
  4. 4Analyse the fee structure. We assess whether any admin fees, storage charges or spread mark-ups replicate the economic effect of interest.
  5. 5Verify regulatory protections. We confirm the licence, fund segregation and compensation scheme for the entity serving the trader.
  6. 6Score and publish. Each pillar receives a score. We publish the weighted final score and the reasoning behind it. Reviews are updated quarterly.

What we do not do

Affiliate disclosure: HalalEdge is reader-supported. We may earn a commission if you open an account through our links, at no extra cost to you. This never influences our ratings, which are determined solely by our independent Islamic compliance framework. Information is for educational purposes and does not constitute financial or religious advice.