简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract: Islamic forex broker account is designed to offer Muslims who want to trade forex. Most of the largest and most reputable brokers offer Islamic trading accounts. In today’s article, we list three different forex brokers (IC Markets, FXTM, FP Markets) that provide excellent Islamic accounts.
What is an Islamic account in forex trading?
An Islamic Forex Account is a Forex trading account that abides by Islamic law, known as the Sharia. According to Sharia law, Muslims are not allowed to earn interest in their giving. However, brokers can open an Islamic forex trading account where interest-free forex trading is made available. Today, many brokers around the world are keen to offer Islamic Forex accounts for those who want to comply with Sharia law.
Top brokers with Islamic forex trading account
IC Markets makes swap-free trading simple for clients, allowing you to change both Raw Spread and Standard account types to swap-free. This means that you can trade on MetaTrader 4 (MT4), MetaTrader 5 (MT5), Webtrader, and even the cTrader platform with an IC Markets Islamic trading account.
FXTM is considered a solid broker with high floating leverage and fast execution. To open an Islamic account with FXTM, you can open any account type (except one that uses MetaTrader 5 which is not eligible) as normal, and then just “enable swap-free mode” in the “accounts overview” section. The option is only available to residents of certain countries. Please note that you cannot trade exotic currencies in an FXTM Islamic account.
FP Markets offers two trading accounts. Standard accounts do not have commissions and spread starts at 1.0 pip, while RAW accounts use ECN pricing. Islamic RAW accounts offer the highest value. The spreads are the same as the RAW account with swaps, which means you are getting the most favorable spreads directly from liquidity providers.
There is another article about the Islamic forex trading account, you can click the link for more information. www.wikifx.com/en/newsdetail/202204156034929417.html
WikiFX lists the three Muslim-friendly forex brokers for you and you can determine which Islamic forex broker is the best one for you.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Market sentiment refers to the overall attitude of investors toward a particular security or financial market. It plays a crucial role in shaping market trends and influencing trading decisions. Understanding market sentiment can help traders anticipate price movements and make more informed choices.
Recently, a forex broker named MidasFX has come to our attention. This broker is registered in Saint Vincent and the Grenadines and started its business in 2020. In this article, we will dig into this broker deeply and provide some information about it if you are interested.
Walder Wyss, the Swiss law firm overseeing the liquidation of bankrupt neobank FlowBank, has encouraged former clients to sell their securities held in accounts to expedite the refund process. Clients are able to log in to the FlowBank platform and complete the sale of their securities until 15th November 2024, after which the platform will no longer facilitate such transactions
A 64-year-old Singaporean engineer has fallen victim to an elaborate online investment scam, losing S$580,000 (approximately $442,600).