First question in our mind come with “What is Islamic Forex Trading or what Islamic forex brokers call? Before trading in Islamic trader account you have to learn before what it means? An Islamic Forex trading account means that broker don’t charger or pay interest, this is according to the Islamic law or faith.
Interests in Trading clear Concept
Do you want to trade without interests with Islamic Forex Brokers or want full success? So, you need broker companies that operate without interest! It should be said that interest is a cash payment for leaving the position open for more than one day. Forex brokers with Islamic accounts presented in this classification do not charge any commission for this (swap free accounts). In this page of FXDailyReport.com we offer a list of safe and responsible brokers that allow their clients to open an Islamic account.
Forex Brokers with Islamic Accounts useful Information
In addition to the advantages of profit transactions, Islamic accounts are in high demand in the Muslim world. Initially, interest trading accounts were created specifically for Muslims. This is why they are called Islamic Forex accounts in the professional world of traders. At the same time, these accounts will be attractive to users not only from this religious point of view. Making medium and long-term interestIslamic trading is even more profitable because this allows traders to leave positions open indefinitely without having to pay additional fees, not more extra fee of charge.
The Islamic Accounts offer these two Fundamental Characteristics:
Swap Free:When an investor leaves a position open during the night there is a situation of rollover, but when dealing with Islamic forex brokers accounts they are exempt from it and do not generate or earn interest.
Sin Riba: Islamic finance prohibits taking interest in any financial transaction, and often this is an obstacle when dealing with operations with financial institutions. However, the Islamic accounts do not generate interest, in any case the profits or losses are distributed among the parties based on a prior agreement.
Within the main international organizations of Islamic forex brokers finance FXDailyReport.Com find the following list of Forex Brokers trading accounts where you can earn money accordingly Islamic law;
|Islamic Major Broker List||Get Bonus||Make Deposit According Islamic Law|
|HYCM||%10 CREDIT BONUS||Minimum Deposit (100 USD/$)|
|FBS||100% Deposit Bonus||Minimum Deposit (1 USD/$)|
|OCTAFX||50$ Welcome Bonus||Minimum Deposit (5 USD/$)|
|TICKMILL||No Bonus||Minimum Deposit (25 USD/$)|
|XM||20% Deposit Bonus||Minimum Deposit (5 USD/$)|
|ETORO||No Bonus||Minimum Deposit (200 USD/$)|
|PEPPERSTONE||No Bonus||Minimum Deposit (200 USD/$)|
|INSTAFOREX||30% Forex Deposit bonus||Minimum Deposit (1 USD/$)|
|EXNESS||35% Bonus on account Deposit||Minimum Deposit (100 USD/$)|
At FXDailyReportgroupwill help you find the most reputed forex brokers that can meet your needs.We also show you the rankings of each Forex broker so you can make the right decision. All the forex brokers listed isabove mentioned in our website FXDailyReport.com have been “verified reputation”. We have researched all brokers to make sure they meet our standards and feel safe providing this to you, the merchant.
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