1. ACM Online Trading Services. This company has offices in New York, Geneva, Zurich, Montevideo, and Dubai. Its online trading system is performed by the Swiss Federal Department of Finance. They boast about being completely safe with their Forex trading technology.
2. FXOpen provides online support to their customers 24 hours a day, seven days a week. You can open a mini account with as little as one dollar. Their trades are in real time and they offer instant trade execution.
3. MoneyForex Financial offers traditional Forex accounts as well as swap free Islamic Forex accounts. You simply have to request and sign up for the swap free account and fax your request to them to get started. This will allow you to comply with Shariah law concerning trades and interest charges.
4. Muslim-Investor.com is another great place to set up your Islamic Forex trading account. This website is a Forex site that is devoted solely to Forex accounts that comply with Shariah laws. It has been developed to assist Muslims worldwide with their Forex trades.
5. Tadawulfx.com was the first website to offer Forex accounts with Islamic conditions that met Shariah laws. They offer trading software that you can download directly from their website.
6. ForexandPips.com offer Islamic trading accounts that you can manage on your own or have a broker to manage them for you. They offer a free course to get you started in your quest to learn Forex trading.
7. TopForexCompanies.com will let you open a practice account until you are reading to get started with the real thing. They offer tutorials to get you started and will help you get your real Islamic Forex trading account off to a good start.
8. Marketiva has been online since 2005. They have great support for you and offer fast order execution. They offer no interest for Muslim investors. There are no accounts available to U.S. citizens though.
9. Forex4you is based in the United Kingdom and has been doing Forex trading since 2007. They offer oil trading as well as Islamic Forex trading. You can fund your account with a credit card or wire transfer.
10. Arab Financial Broker is based in Kuwait and has been conducting Islamic Forex trades since 2008. They are a little newer to the market, but offer close to home services for those doing business out of the Middle Eastern countries.

So in the world of Islamic Forex websites there are a lot of choices. I would suggest doing research on each company you are interested in to see if their clients are satisfied with the service they receive from their brokers. Select someone who you trust and can work with.

Forex option trading is preferred by more people because it has the benefit of staying stable even when prices change in the market. This means that once you have an option, you can buy the particular currency at the stated amount agreed before even if the market price goes up provided you are within the time limit. Although you have less to lose here, using options does not allow you to gain so much though but you have an added advantage of having an expiry date for a specific price.

Muslims willing to engage in forex option trading have a hard task ahead because you need to be well conversant with how the business is conducted. Without some knowledge in the options you have, forex trading can look more complex than it really is. Forex trading requires skill and commitment if you are to analyze with care all the options available to you. This means that you have to be fully prepared to follow up the changes in currency prices and make important decisions, without which you are bound to be a loser. The best thing is to get an agent to carry out the technical part for you if you can’t manage.

As a Muslim forex trader, you will have to learn about forex option strategies in order to succeed in this risky business. Since options trading have limited time in which they apply, it is important to know the average holding length of a trade. Other techniques you need to be familiar with include loss protection and how to estimate the success rate of your trade among others. You can find online forex option trading software that you can use. The software are geared towards helping you estimate the average holding length of a trade, success rates, loss protection evaluation and many more analyses. You will be required to open an account to gain access to these services.

Since forex trading can be affected by economic conditions or political uncertainty, forex option trading for Muslims in volatile markets such as those places with regular wars is a better option. This is because you can significantly lower the risks of losing on a trade due to market changes. Muslim friendly forex trading websites will always provide you with an option of either trading in the traditional options or the single payment option trading. The choice will depend on an individual and the services provided by the forex trading website although the single payment option is considered more flexible.