Islamic Forex Account

The Islamic account in the binary options trading market is that account that is free of any interest, in line with the laws of Islamic law.

There are many well-respected companies in the UAE that you can trust and trade with. These companies will be displayed later

Sponsored Broker
5.0/5
Founded: 2011
Regulatory Bodies: CySEC, FCA, FSCA, CMA, and FSC
Min. Deposit: $10
Islamic account:
Promotions: Free demo accounts
Trading platforms: MT4, MT5, Mobile
Available markets: Forex Stocks Indices Commodities Cryptocurrencies
Trading conditions:
Spreads from: 0.1 points
Maximum leverage: 1:2000 / 1:30 (EU-UK)
Deposit options: Credit Card, Skrill, Neteller, Bank Transfer
Your capital is at risk
Best Broker 2022
4.8/5
Founded: 2006
Regulatory Bodies: ASIC, CySEC, FSCA, FSA, ADGM, Central Bank of Irealand
Min. Deposit: $100
Islamic account:
Promotions: New Customer Bonus up to $10,000
Trading platforms: webtrader and MT4- MT5, AvaOptions, AvaTrade Go, Duplitrade
Available markets: Forex Stocks Indices Commodities Cryptocurrencies
Trading conditions:
Spreads from: 0.9
Maximum leverage: 1:400
Deposit options: Credit Card, Skrill, Neteller, Bank Transfer
Trading CFDs and Forex Options involves risks and may result in the loss of your capital
4.8/5
Founded: 1996
Regulatory Bodies: BVIFSC
Min. Deposit: Not applicable
Islamic account:
PromotionsWelcome Bonus 50 % Special Offer!
Trading platforms: fxtrade mobile app and MT4- MT5
Available markets: Forex Stocks Indices Commodities Cryptocurrencies
Trading conditions:
Spreads from: 0.2
Maximum leverage: 1:200
Deposit options: Credit Card, Skrill, Neteller, Bank Transfer
Your capital is at risk
5.0/5
Founded: 1998
Regulatory Bodies: CySEC, FCA, CIMA, DFSA
Min. Deposit: $100
Islamic account:
Promotions: Free demo accounts
Trading platforms: MT4, MT5
Available markets: Forex Stocks Indices Commodities Cryptocurrencies
Trading conditions:
Spreads from: 0.1 points
Maximum leverage: 1:200
Deposit options: Credit Card, Skrill, Neteller, Bank Transfer
Your capital is at risk
4.8/5
Founded: 2007
Regulatory Bodies: ASIC, FCA, CySEC
Min. Deposit: $50 - $200
Islamic account:
Promotions: Free demo accounts
Trading platforms: eToro platform
Available markets: Forex Stocks Indices Commodities Cryptocurrencies
Trading conditions:
Spreads from: 3 points
Maximum leverage: 1:30
Deposit options: Credit Card, Skrill, Neteller, Bank Transfer, iDeal, Sofort, Paypal
Your capital is at risk
Founded: 2010
Regulatory Bodies: ASIC, FCA, DFSA
Min. Deposit: $200
Islamic account:
Promotions: Free demo accounts
Trading platforms: ctrader, MT4, MT5
Available markets: Forex Stocks Indices Commodities Cryptocurrencies
Trading conditions:
Spreads from: 0 points
Maximum leverage: 30:1
Deposit options: Credit Card, Skrill, Neteller, Bank Transfer, Paypal
Between 74-89 % of retail investor accounts lose money when trading CFDs
Founded: 1998
Regulatory Bodies: CySEC, FCA, DFSA, JSC, Banque du Liban, FSC
Min. Deposit: $250
Islamic account:
Promotions: Free demo accounts
Trading platforms: MT5 and CTrader
Available markets: Forex Stocks Indices Commodities Cryptocurrencies
Trading conditions:
Spreads from: 0.3
Maximum leverage: 1:500
Deposit options: Wire Transfer, VISA, Mastercard, Skrill, Neteller
Your capital is at risk
Founded: 2005
Regulatory Bodies: ASIC, CySEC
Min. Deposit: $100
Islamic account:
Promotions: Free demo accounts
Trading platforms: Iress, WebTrader, MT4, MT5
Available markets: Forex Stocks Indices Commodities Cryptocurrencies
Trading conditions:
Spreads from: 0 points
Maximum leverage: 500:1
Deposit options: Credit Card, Skrill, Neteller, Bank Transfer, SticPay, FasaPay, Dragonpay, PerfectMoney, XPay
Your capital is at risk
Founded: 2009
Regulatory Bodies: CySEC, FCA, IFSC, ASIC
Min. Deposit: $5
Islamic account:
PromotionsGet started with 30$ Trading Bonus. No deposit required
Trading platforms: MT4, MT5, XM WebTrader
Available markets: Forex Stocks Indices Commodities Cryptocurrencies
Trading conditions:
Spreads from: 0.6
Maximum leverage: 1000:1
Deposit options: Credit Card, Skrill, UnionPay, Neteller, Bank Transfer, Webmoney
Your capital is at risk

What is the idea of making the account?

Islamic-forex

The idea on which Islamic accounts are built is that the 24-hour deals are closed daily at five o'clock in the afternoon New York time and if they are not closed, the deals are rolled over to the next day and the interest accrues on them. This is the problem that contradicts Islamic law, which many see as an obstacle in the way of their trading in the binary options trading market, as some describe these benefits as usurious benefits.

The usurious interest is the sums that the trader pays to the company in exchange for keeping the account open for another day or for another period.

Trading companies offer the Islamic account to meet all needs

Therefore, it was necessary for some trading companies to provide Islamic trading in binary options, which is consistent with the laws of Islamic Sharia. Traders who choose to use Islamic accounts can trade without getting any interest or incurring any fees. There are no additional fees associated with the Islamic account.

In addition, you should be confident that you will not incur any barter or exchange fees in any way. These companies value your faith and see that you are one of their most valuable customers, so you must always have complete confidence in their fair trading policies and ethics.

The funds of Islamic accounts are placed in accounts that operate without interest and where trading is not available on a profit margin or using financial leverage.

The most important features of Islamic accounts lie in the following points:

No additional fees are incurred while opening Islamic accounts.

Providing the highest level of service and providing an experienced account manager.

full transparency

There are no hidden fees, charges or interest fees

There is no interest policy: the “no interest” laws allow clients to keep a position open for an indefinite period without having to pay any additional fees or costs to your account.

The Islamic account provides a very comfortable environment in dealing

The company does not benefit and does not get any commissions from your account

There are no interest or commissions on swap contracts

Binary options trading accounts operate with a zero interest policy (without interest). Positions can remain open indefinitely without incurring any interest or charging any fees. These companies also provide you with specialized support from experts who are fluent in the Arabic language and are familiar with Islamic Sharia laws related to trading and investing in general in binary options.
Is trading binary options halal?

According to the sayings of many religious scholars, your trading in binary options is permissible if:

• I traded with a real binary options company that does not try to cheat.

• To try to be restrained while trading while not trading to compensate for the losses caused by previous trades.

• Try to trade with a clear strategy after observing the market and economic indicators.

• Not to get any “money as a reward” or to trade in the “risk-free deals” system.
The best provider of Islamic accounts:

There is a group of trading companies that always strive to meet the needs of their clients by providing innovative products and services that help them achieve success in trading binary options. One of the best companies that we recommend you to deal with if you want to open an Islamic account is

So you can go directly to any of these companies and communicate with the customer support department to direct you the support and advice necessary for you to get started.

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