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Binary options traded outside the U. They offer a viable alternative when speculating or hedging, but only if the trader fully understands the two potential and opposing outcomes. These types of options are typically found on internet-based trading platforms, not all of which comply with U.

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Muslim forex accounts

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AvaTrade has introduced its Islamic trading account, fully in line with Islamic rules. Customers with an Islamic trading account will not be charged daily swaps. The swap fees are fully transferred within the MT4 platform into daily administration fees on all Forex trading products.

We offer our clients a solid, secure product, which respects their principles and follows the rules of Islam. AvaTrade is not a legislative institution; therefore do not take this Islamic Account definition as permission to trade. Please verify all trading is in accordance with your beliefs. Obviously the main attraction of the Islamic account is that it allows those who follow Sharia Law to trade on the markets without breaking with their faith.

It also allows traders to stay true to their morals and ethics. Islamic accounts are founded on the principles of fairness and transparency in financial markets. AvaTrade does not offer cryptocurrency trading in their Islamic accounts, however they do offer traditional fiat currency, or forex, trading. It has been determined by Muslim scholars that forex trading is halal, as long as the trading adheres to several principles, all of which are included in the conditions of our Islamic accounts.

Currency exchange and profiting from currency exchange is allowed under Sharia Law because any individual has the right to pursue activities that allow them to improve their financial condition. This is because when you purchase a CFD you are not actually purchasing anything tangible. Instead you are speculating on the price rising or falling. In CFD the trader is leveraging the value of the stock in order to make profits.

By opening a no-swap Islamic account the trader is avoiding the issue of taking or giving riba. AvaTrade makes Islamic accounts available to any trader who wishes to abide by Sharia Law and remain halal in their trading practice. Still don't have an Account? Sign Up Now. Islamic Account. Register Now or Try Free Demo. What are the advantages of an Islamic account? Is forex trading allowed under Islam? Does Islam allow CFD trading? Register Now. Safe and Secure. Open Demo Account.

Account Types. HotForex Latest Analysis. Winner of over 60 Industry Awards. Please try again or proceed as a guest. Account Email:. First Name:. Last Name:. Phone Number:. I have read and accepted the privacy policy. Hello How can we help you today? Please select. Thank you for contacting us! Our Live Chat is currently not available. Please leave us a message and one of our representatives will contact you as soon as possible.

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TOP 5 BEST Islamic Forex Brokers (revealed ) 🔎

Islamic forex accounts are. Islamic Forex Trading AvaTrade has introduced its Islamic trading account, fully in line with Islamic rules. Customers with an Islamic trading account will. IC Markets offers Islamic accounts (also known as swap free accounts) for clients who cannot earn or pay interest due to their religious beliefs.