An Islamic Forex account is a halal Forex account which complies with the Shari’ah prohibition on Riba, or the accumulation of interest. Islamic Forex accounts will not charge interest on open positions held overnight; this charge is also called the swap fee, so Islamic Forex accounts are sometimes called swap-free accounts. The question as to whether Forex trading is permissible according to Islamic law is a difficult question to conclusively answer. Although Islamic authorities certainly agree that currency exchange under certain conditions is halal (i.e., permissible according to Islamic law), there is some dispute regarding under exactly what conditions. Forex From Islamic Perspective 100% easy and instruction provided Forex From Islamic Perspective with complete installation video tutorials, license key, instructions, best trading timeframe and more with Pro signal robot. 2. The Binary Option Robot Will Predict the Price Movement. Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), Forex Trading In Islamic Perspective if it believes the price will fall. IQ Option is a great online broker for options trading, know for its fast trade execution, low spreads, intuitive trading platform and great customer support. We recommend IQ Option to traders at all levels, from beginner to advanced. However, with forex brokers, they are lending you the money for the sole purpose of taking a commission. Effectively they will make a return on every trade. Many scholars consider this a form of interest, making trading forex haram. Solution. Fortunately, Islamic forex brokers have responded by providing day traders with an alternative. The IQ Option platform is clean, simple, and easy to use; three of the headline issues facing anyone new to forex trading. To convert people with a casual interest in forex, IQ Option goes out of its way to make the whole process of entering the market as streamlined and pain-free as possible. The best Forex trading accounts are those that suit your personal needs perfectly. On this page, we look at the Forex trading account options you have. We also discuss ways in which these account options will impact your trading performance. You will learn: Which is the best Forex trading account? Account types.
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