The 10 Best Forex Brokers in Syria – Rated and Reviewed. We have listed the top Forex Brokers accepting Syrian Traders.
In the in-depth guide you will learn:
and much, MUCH more!
10 Best Forex Brokers in Syria – a Comparison
10 Best Forex Brokers in Syria (2024)
- ☑️ XTB – Overall, the Best Forex Broker in Syria
- ☑️ FxPro – Best Low Spread Broker in Syria
- ☑️ Admirals – Best MT4 Broker for Beginners
- ☑️ FXTM – Top Technical Analysis Broker
- ☑️ IC Markets – Best Online Trading Experience
- ☑️ XM – Leading MetaTrader 5 Broker
- ☑️ HF Markets – Best Mobile Trading Experience
- ☑️ RoboForex – Excellent Overall Offering
- ☑️ FBS – Deposit Bonus + High Leverage
- ☑️ Tickmill – Best Copy Trading Forex Broker
XTB
XTB is a well-regulated Forex Broker that provides access to Standard Forex and Islamic Account Types. Benefits of the XM Islamic Account include:
- 1,500 markets including FX, Crypto, Indices, Commodities, and ETFs
- Leverage up to 200:1
- Free of any special fees or interest
- Moreover, the Swap-Free account offers two trading platforms, Station and MetaTrader 4. A Minimum deposit is not required.
Pros and Cons
Our Insights
The Benefits of trading with XM include Mobile Trading, in-depth market research, and, trusted customer support
FxPro
FxPro is an established Forex and CFD broker that offers access to Standard, Pro, Raw+, ECN, and Islamic Accounts. Trading Platforms include MetaTrader 4, MetaTrader 5, and cTrader.
The minimum deposit is 100 USD.
Pros and Cons
Our Insights
Benefits of trading with FxPro include Spreads from 0.0 pips, proprietary apps/trading platforms, and, an extensive selection of trading products.
Admirals
Admirals is a highly regulated and trusted Brokerage that offers access to Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, and Bets.MT5 Accounts. Moreover, a Swap-Free option is available on the standard Trade.MT5 account.
The Islamic Account is available to retail and Professional Traders. The minimum deposit is 25 USD.
Pros and Cons
Our Insights
The benefits of trading with Admirals include Spreads from 0.0 pips, Low Commissions from $0.02, and Trusted customer support.
FXTM
FXTM is a highly regulated Forex Broker that offers Micro, Advantage, and, Advantage Plus accounts. Moreover, it provides swap-free options on all account types, except the MT5 account.
The Micro and Advantage Plus Accounts are commission-free. The minimum deposit is 10 USD.
Pros and Cons
Our Insight
Benefits of trading with FXTM include a secure trading environment, comprehensive educational resources, and advanced trading platforms.
IC Markets
IC Markets is a well-established Forex and CFDs Broker that offers access to cTrader, Raw Spread, and, Standard Accounts. Moreover, the swap-free option is available on both Raw Spread and Standard account types on the MetaTrader4, MetaTrader 5, and cTrader platforms.
The minimum deposit is 200 USD.
Pros and Cons
Our Insights
Trading with IC Markets includes multiple benefits, including Comprehensive education and research, a wide range of trading products, and, various leverage choices from 1:1 to 1:500.
XM
XM stands out as a Leading Forex and CFDs Broker that offers access to Micro, Standard, Ultra-Low, and, Shares Accounts. Moreover, an Islamic Account is accessible in all three primary account types.
The Islamic account is paired with the MetaTrader 4 and MetaTrader 5 trading platforms. The minimum deposit is 5 USD.
Pros and Cons
Our Insights
The Benefits of trading with XM include the availability of an Ultra-Low Account, Mobile Trading, and the absence of deposit or withdrawal charges.
HF Markets
HF Markets is a highly regulated Forex Broker that offers access to Cent, Premium, Zero, and Pro Accounts. Moreover, an Islamic Account with no Expiration, no Spread Widening, no Commissions, and no Hidden Fees is available.
Pros and Cons
Our Insights
The Benefits of trading with HF Markets include several trading accounts and mobile trading on iOS and Android smartphones.
RoboForex
RoboForex is a trustworthy and highly regulated Forex Broker. Account types include Prime, ECN, R StocksTrader, ProCent, and, Pro. Moreover, an Islamic Account is available for cent and standard MetaTrader 4-based accounts.
The minimum deposit is 10 USD.
Pros and Cons
Our Insights
The Benefits of Trading with RoboForex include Copy and Mobile Trading.
FBS
FBS is a well-regulated Forex Brokers that provides Retail, Demo, and, Islamic Accounts. Moreover, the Islamic Account operates across MetaTrader 4 and MetaTrader 5 platforms.
The minimum deposit is 5 USD.
Pros and Cons
Our Insights
The benefits of Trading with FBS include a Low minimum deposit, a Leverage of up to 1:3000, and, Commission-free trading.
Tickmill
Tickmill is a popular and well-established Forex Broker that offers VIP, Classic, and Pro Accounts. Moreover, a Classic or Raw Islamic Account is available.
The Minimum deposit is 100 USD.
Pros and Cons
Our Insights
The Benefits of Trading with Tickmill include tight spreads and a low commission structure.
Is Forex Trading Legal in Syria?
Forex Trading is not restricted in Syria. Moreover, Forex trading is not explicitly regulated. However, the Syrian financial markets are regulated and governed by the Syrian Commission on Financial Markets and Securities (SCFMS).
Can Muslims trade Forex in Syria?
The majority of Syrians are Muslim and Forex Trading must be conducted via an Islamic, or Swap-Free Account. A Swap-Free trading account is void of swap fees. This means the Trader will neither pay nor receive a swap fee.
Moreover, Non-Muslim traders can select any Forex Account that suits their trading needs, without restriction. General Account Types offered include Standard and Professional.
What is a Swap Fee in Forex? – Explained
In trading, a Swap refers to the interest that one pays or receives for holding a position overnight. The Swap Fee is calculated based on the differential interest rates of the traded currencies.
In Conclusion
Forex Trading’s popularity in Syria has experienced a notable rise. However, Syria does not explicitly regulate Forex trading. Moreover, being predominantly Muslim, Syrians must conduct Forex Trading through an International Broker that offers an Islamic Account option.
Our Insights
While reviewing the Best Forex Brokers that accept Syrian Traders, we found 10 excellent options. Each broker has its list of Benefits, ranging from Islamic, Swap-Free account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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