Quick answer
A swap-free label does not establish that a prop account is Sharia-compliant. Compare the exact product, account stage, instruments, fees and reward agreement. The5ers confirms swap-free access at the funded stage; the FTMO and SabioTrade availability claims previously made here were not established by the official pages checked. Topstep’s futures model is a separate account structure, not proof of religious approval.
Steps at a glance
- Confirm the firm offers genuine swap-free accounts, not a grace period then standard fees.
- Review the evaluation rules for clear drawdown, targets, and resets.
- Verify the profit-sharing agreement is fixed and predetermined.
- Request the tradeable-instrument list to self-screen for permissibility.
- Consult a qualified Islamic scholar for guidance on the specific firm.
Key takeaways
- Check swap-free eligibility separately for evaluation and funded stages.
- Ask about excluded instruments, time limits, administration charges and commissions.
- Simulation, exchange trading and fee labels do not by themselves certify religious compliance.
- Take the exact agreement to a qualified scholar for a product-specific assessment.
On this page
- What a Swap-Free Claim Does and Does Not Establish
- Published Account Features Compared
- Identify the Actual Contract and Instruments
- How to Verify a Prop Firm’s Halal Claims Before You Pay
- Prepare a Product-Specific Religious Review
- Save on Your Evaluation: Partner Discount Codes (Not a Halal Endorsement)
- How to Use This Comparison
- Frequently asked questions
Traders searching for a halal prop firm need two separate checks: what the provider actually offers, and whether the full arrangement meets the religious criteria they follow. This guide supplies the first check. It does not certify any firm, rank providers by religious permissibility or establish a consensus among scholars.
What a Swap-Free Claim Does and Does Not Establish
A swap-free account removes specified overnight swap charges under the provider’s conditions. Ask which instruments and stages it covers, whether a grace period expires, and whether administration charges or higher commissions apply. “Swap-free,” “Islamic” and “Sharia-compliant” should not be treated as interchangeable evidence.
Likewise, a simulated account, an exchange-traded instrument or a charge described as a service fee does not by itself establish a religious ruling. A rulebook explains commercial conditions; a product-specific religious assessment examines the complete arrangement. Earlier blanket claims on this page about scholarly consensus, automatically permissible fees and the religious superiority of futures were not substantiated and have been removed.
Published Account Features Compared
The following is an account-feature comparison, not a list of certified halal firms. Checked 5 October 2026. “Not verified” means the reviewed official pages did not substantiate the earlier claim; it is not a claim that the provider can never offer the feature.
| Firm | Published swap-free evidence | Stage and activation | What remains to confirm | Account model |
|---|---|---|---|---|
| FTMO | No swap-free account documented; FTMO applies overnight swaps | Obtain written confirmation for the exact product before purchase | Eligibility, instruments and all holding costs | CFD programmes and a separate Futures offering; distinguish their account stages |
| SabioTrade | Dedicated Islamic option not verified on the current official overview | Earlier checkout/support activation instruction not established | Swap policy, any exemption, charges and applicable agreement | Assessment followed by a separate funded-stage agreement; instruments include forex, stocks, commodities, indices, ETFs and crypto |
| The5ers | Official FAQ confirms swap-free accounts at the funded stage | Request through support chat or help@the5ers.com | The FAQ does not establish evaluation-stage coverage, an unlimited grace period or every instrument’s treatment | Programme and stage matter; standard High Stakes rules mention swap costs |
| Topstep | Do not label its futures programme an Islamic account without supporting documentation | Trading Combine, simulated Express Funded Account and separate Live stage | Exact instruments, fees, agreement and religious assessment | Futures; exchange trading does not by itself establish Sharia approval |
Primary sources: FTMO CFD FAQs, FTMO Futures, SabioTrade programme overview, The5ers swap-free FAQ, and Topstep Express account parameters.
Evaluation Rules: Compare the Same Programme and Stage
*The previously quoted fee figures below are preserved as historical references, not refreshed price quotes. They are not comparable prices for a common $10,000 account. Check the selected product’s current checkout, account size and any activation cost. Discount offers elsewhere on this page are unchanged.
| Firm | Previously quoted fee* | Profit Target | Max Drawdown | Profit Split |
|---|---|---|---|---|
| FTMO | ~$155 (2-Step) | 10% Phase 1 / 5% Phase 2 | 10% overall / 5% daily | Up to 90% |
| SabioTrade | ~$99 | 10% (1-Step); 55% consistency rule can increase the required total | 5% daily / 6% maximum trailing drawdown | 80% on Essential/Plus; 90% on higher listed plans |
| The5%ers | ~$95 | Bootcamp: 6% in each of three evaluations; 5% at Pro stage | Bootcamp: 5% maximum loss in evaluations; Pro 4% maximum loss and 3% daily pause | Up to 100% (scaling) |
| Topstep | ~$49/mo (subscription) | Standard $50K Trading Combine: $3,000 target; separate consistency objective | Standard $50K Combine: $2,000 maximum loss limit, trailing from end-of-day balance and monitored during trading | 90% trader share; qualifying pre-12 January 2026 traders retain the first-$10,000 legacy exception |
Rule sources: FTMO objectives; SabioTrade tariff and consistency rules; The5ers Bootcamp schedule; Topstep maximum loss limit; Topstep payout policy. Topstep’s standard $50K example is separate from limited offers or other sizes. Payout eligibility and caps still apply after the profit split.
Video: Is Prop Trading Halal? A Guide for Muslim Traders
Watch JoinProp’s video guide for Muslim traders on prop trading. It is educational and not a religious ruling, so ask a qualified scholar to review a specific firm’s agreement.
Identify the Actual Contract and Instruments
An asset label is insufficient. A gold CFD, a deliverable gold contract and ownership of physical gold are different arrangements. Ask for the actual instrument specification, execution model, settlement method and any financing charges rather than inferring them from “gold,” “forex” or “futures.”
| What the page or platform says | Evidence to obtain | What not to assume |
|---|---|---|
| Forex or metals | Contract type, settlement, financing and ownership terms | That the label establishes spot ownership or religious approval |
| Stocks or indices | Whether these are shares, derivatives or simulated positions; underlying exposure | That an index name means its constituents or contract have been screened |
| Futures | Exact contract, settlement rules and whether the programme stage is simulated or live | That exchange listing alone establishes permissibility |
| Crypto | Spot, CFD or perpetual structure; custody, financing and settlement | That all crypto-labelled instruments share one structure |
How to Verify a Prop Firm’s Halal Claims Before You Pay
- Get written swap-free eligibility for the exact programme, account stage, platform and instruments.
- Record all charges, including holding fees, commissions, evaluation subscriptions, activation and reset costs.
- Read the agreement covering simulated performance, reward eligibility, profit share, termination and unpaid rewards.
- If a certificate is advertised, inspect its issuer, date, scope and the contract version it covers.
- Keep the written answers and agreement together for your religious adviser’s review.
A support statement about one stage should not be extended to another. For example, The5ers’ funded-stage swap-free FAQ does not establish that every evaluation is swap-free. An absence of swaps on a trade also does not document the religious status of the whole programme.
Prepare a Product-Specific Religious Review
This guide does not measure scholarly opinion or endorse a blanket ruling. Provide a qualified adviser with the actual agreement, fee schedule, instruments and execution model. Ask which assumptions their assessment depends on, whether it covers the evaluation as well as the reward stage, and whether later changes require reassessment.
JoinProp’s firm comparisons and research methodology can help organize the factual evidence. They do not replace that assessment.
Save on Your Evaluation: Partner Discount Codes (Not a Halal Endorsement)
Evaluation fees are a real cost. JoinProp aggregates exclusive discount codes directly from partner prop firms, reducing what you pay to get started, with no hidden costs or markups.
Current Discount Codes
| Firm | Discount | Code / How to Claim |
|---|---|---|
| E8 Markets | 5% off | Code: opsodo — E8 Markets discount page (swap-free on E8 One and E8 Pro Forex only) |
All discount codes on JoinProp are verified and updated when firm terms change. Commissions are earned through partner relationships, not charged to users. The evaluation fee you pay is the same or lower than going directly to the firm. A discount code is not evidence that a firm offers a swap-free account, and listing a firm here is not a halal endorsement.
Tip for Muslim traders: Before using a discount code, confirm the firm offers a swap-free account on the specific account size you intend to purchase. Some firms apply Islamic account restrictions to certain tiers. JoinProp’s individual firm reviews include this information.
For a full list of verified discount codes across 100+ prop firms, visit JoinProp’s prop trading discounts hub.
Frequently asked questions
Does a swap-free label establish that an account is halal?
The label alone does not establish a religious ruling. Review the full contract, instruments, financing, fees and profit-sharing arrangement with a qualified scholar familiar with the product. This comparison does not certify any firm as Sharia-compliant.
What does swap-free mean in practice?
It refers to removal of specified overnight swap charges, subject to the provider’s terms. Coverage may be limited by instrument or platform, and other charges may remain. It does not necessarily mean every trade is free of overnight charges.
Can a swap-free add-on exclude some instruments?
Yes. FundingPips Zero states that its MT5-only swap-free add-on applies to forex and metals; energies, indices and crypto still incur swaps. It also lists higher commissions for swap-free accounts. FundingPips Zero swap-free terms
Are all prop evaluation fees automatically permissible service charges?
No blanket religious conclusion is established here. The contractual service, refund rights, trading arrangement and interpretation need individual review; naming a charge a service fee is not enough.
Does moderate leverage alone establish Sharia compliance?
No. Reducing position size addresses exposure but does not resolve questions about the contract or financing structure. Obtain a product-specific assessment rather than relying on the leverage ratio alone.
How to Use This Comparison
Start with documented account conditions, not a religious ranking. The5ers has a published funded-stage swap-free request process. FTMO and SabioTrade need specific written confirmation before relying on the availability claims previously made here. Topstep should be assessed as a futures programme with distinct simulated and live stages, not described as automatically halal.
Compare eligibility, trading restrictions and total cost after you have identified the exact arrangement. For further reading, see the FTMO review, FTMO versus The5ers comparison, and Topstep review.
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