Forextrading the Islaamic way
Over the last several years, the Foreign Exchange market has become increasingly popular among private individuals. However few people find the time to trade themselves or have the patience and skill to profit from the forex market. The fact is that 95% of traders lose money and only 5% of elite traders have learnt to consistently be profitable by controlling risk. Highly sought after capital growth in the Forex market is difficult to achieve for private individuals especially in times of high volatility.
How then do you profit from the forex market?
Allow an experienced forex trader to manage your account for you!
• Low Initial Investment Starting From as little as $300
• Low Drawdown – Safe trading – No gambling
• No Lock In Periods
You Are Free To Withdraw Your Funds Whenever You Please
• No service fees
• No withdrawal penalties
• BEST PARTNERSHIP\REFERAL OFFER
• AVERAGING 10% MONTHLY GROSS PROFIT
• ISLAAMIC ACCOUNTS
NO INTEREST CHARGED
• Professional Forex Traders on Your Side
• We profit ONLY if you profit
• 24/7 Support
……Your money in your account
Your money is deposited in your personal trading account and nobody but you have access to it. You are the only person with the permission to withdraw or transfer your money.
Your money is in your trading account. You have 24/7 access to your funds and trading account via state of the art metatrader platform and you view all trading in real time. The trading platform provides you with the possibility of checking your account at any time; what trades are open, what is your profit/loss etc.
…..Instant access to your money
Islaamic Forex Accounts
Shariah, the Islamic law, prohibits interest payment. However, the rollover interest is an integral part of forex trading. How can a Muslim forex trader trade currencies without violating the religious law? The answer is to find a forex broker willing to offer an Islamic forex account with no overnight interest.
Islamic forex accounts are also known as swap-free forex accounts, because, within this kind of account, no swap or roll-over interest will be charged to or incurred on positions that are held overnight. Islamic forex trading is not exclusive to the Muslim community. Islamic forex accounts simply provide a means to trade forex while taking into consideration the Islamic laws.
There are hundreds if not thousands of forex brokers on the web. Many of these brokers offer Islamic accounts but not all are the same. Some have hidden fees, limitations of swap free account period, commissions, widening of spreads etc
We will endeavour to review these brokers and highlight the fine print so that you can make an informed decision choosing your broker
PS: Having a swap free account is not the only condition for forex trading to be Shariah compliant. There are a few other conditions which we will discuss in a separate article.
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*Past performances do not guarantee future results. Please understand that when trading forex you may experience losses as well as gains. Refer below to our Legal Disclosure if you are not fully aware of the risks.