Is Bitcoin Halal for 2024
We found 11 online brokers that are appropriate for Trading Halal Bitcoin Investment Platforms.
Is Bitcoin Halal Guide
Analysis by Andrew Blumer, Updated Last updated - April 22, 2024
Is Bitcoin Halal
While most people may not know about complex topics such as blockchain, encryption, NFTS, and so on, but most of them will know about Bitcoin. That's the kind of fame this first cryptocurrency has gained due to its rapid rise in value and price over the last few years. Due to this apparent popularity and insane ROI (return on investment), it has also become a popular topic among Muslims. But before a person can engage in Bitcoin or any other cryptocurrency, they need to ensure that this digital currency is halal or haram. That's what we will be looking at today!
The question of whether Bitcoin is Halal (permissible) is debated across the globe, with a quarter of the world's population following the Islamic religion. Muslims follow Sharia Law and anything haram (forbidden) is forbidden by the religion's rules.
Bitcoin & Crypto - Indionesian Decision
If we look at Indonesia, it seems that the religious leader's council of Indonesia is pretty clear about the use of crypto-assets such as Bitcoin. According to them, Bitcoin and other cryptocurrencies are not halal - In fact, they are forbidden for a range of different reasons.
According to the Ulema Council (Council of Islamic Scholars), cryptocurrency is deemed as banned or haram in Islam. The reason for such a verdict is due to the elements of wagering and uncertainty in such currencies. But if there is a cryptocurrency that can show a clear-cut benefit to the public and also abide by all the laws of Shariah, then there is a chance to consider it halal.
Indonesia is home to one of the largest populations of Muslims in the world. That's why the central bank and the finance ministry of the country consult the scholars on various issues.
Is Bitcoin Halal Key Highlights
- Many Islamic investors worry whether investments made in Bitcoin is haram.
- Scholarly interpretations reveal most of general uses for this new era digital currency are permitted by the Islamic faith.
- Lending, gambling, and other such types of trading with Bitcoin however are not permitted by Islamic rules and considered as haram as per Sharia Law.
Is Bitcoin Halal Explained
'Is Bitcoin halal?' is a major question asked by several financial authorities, Islamic banks, and Muslim individuals who are worried about investing in it. The question has been raised at a time where investing in the asset has been extremely popular. Many doubt whether such investments are halal or haram under Sharia Law.
The global Muslim population equates to around 1.9 billion, and it is almost a quarter of the world's total population. Hence, the Bitcoin industry needs to demonstrate a clear conscious on this issue.
Cryptocurrency - How It Works?
At a very basic level, we can safely say that all the cryptocurrencies, including Bitcoin, are virtual coins. In that sense, these coins lack any physical form (Not tangible) and only exist inside the crypto market. To ensure that there is a record of ownership, a technology called blockchain is used. The name and nature of this technology may differ from one cryptocurrency to another.
You can consider the blockchain as a public record that stores the ownership and transaction history - Since it is a public record, it can be viewed by anyone.
Every time a new transaction is stored in this online ledger, a new block is created. One of the main benefits of this ledger is that it remains available throughout the day (24 hours a day and seven days per week). When compared with the traditional banking institutes, that's a major benefit and a plus point. But there is another benefit of this ledger - It can not be overwritten or changed, which ensures the integrity of data.
There is another item in the cryptocurrencies known as a private key. Using this private key, a person can conduct the transactions. In fact, it is also possible to restore or move the coins from one system to another using the private key!
Due to the rise in cryptocurrencies' popularity, many ATMs have been installed in the UK, USA, and other parts of the world.
Bitcoin - Introduction
It all started when the global markets crashed in 2008. During these times, a new type of digital currency was launched and named Bitcoin. To this day, no one knows who was behind this idea - All we have is a name Satoshi which can even be a made-up name for all we know.
There were a lot of things that made Bitcoin different from the other types of money we had. For starters, it was virtual or digital. Then there was the fact that no centralized body was in charge of this money - As a result, it was not in the control of governments and the banks. So, in short, it was virtual, decentralized, and free from the control of governments.
- Decentralized nature ensures that there is no central authority that can control or manipulate it. The role of a central authority is done a complex computer program.
- Transparency was brought to the transactions. Anyone, including you, can see the transactions recorded in the ledger.
- The public ledger makes it easy to see whether a person has received the money or not.
- The process of using Bitcoin is very simple and easy.
- There is no central backing behind this coin (meaning no governments). But it is trusted by the public, and it is apparent by its price.
- There is a limited supply of Bitcoin. We can't say the same for USD, GBP, PKR, and other currencies, which can be printed on demand.
Is Bitcoin Mostly Halal
There are some criterion to which Muslim investors need to adhere to in order to invest their money in a halal manner. Income earned through exploitative or unethical means like extortion and bribery is considered haram. Hence, using Bitcoin as a standard payment method has been argued as violating Sharia Law.
Clear official guidelines are absent on whether an investment in Bitcoin is completely halal and hence it is the work of religious legislators and Islamic scholars to interpret the matter.
Former Shariah Advisor, Mufti Muhammad Abu-Bakar, published a comprehensive set of guidelines on Blossom Finance in December 2019, arguing that all currencies are speculative to a certain degree. Based on demand and supply, as is gold, fiat currencies and most financial instruments are thus halal, and Bitcoin investment should also be considered as permissible.
However, a segment of the Islamic investor community argues that the digital currency is also sometimes used for illegal purposes. Mufti believes such factors can also be rendered through other instruments.
He believes that the use of a lawful method of trade for unlawful purposes cannot be considered lawful. For instance, the sale of grapes is lawful while the sale of grapes to a wine merchant is unlawful.
Mufti Faraz Adam, a UK-based Islamic finance and fintech consultant, said that Bitcoin is fair, transparent, and atomised, and hence it should be permitted under Sharia Law. Furthermore, Bitcoin is not monopolised.
Certain Bitcoin uses that are not Halal
It is argued that Bitcoin investment is halal, but some argue several uses of it are haram. One of the forbidden uses of digital currency is the use in gambling, as Sharia Law considers gambling as haram. Some even point out that trading Bitcoin in order to guess its price rise should be forbidden as this is a form of gambling.
Recent uses of Bitcoin, such as decentralised finance (DeFi) and margin lending, are considered as haram, because under Sharia Law the earning or paying of interest is considered as unjust or riba. Investors are not allowed to charge interest on loans.
One Arabic paper writes that Bitcoin is haram as it is not backed by any central authority and it is not permissible as a currency. It also argues that gold-backed cryptocurrency can be considered as halal because its value is inherited from the properties of gold.
Coinfluencers founder, Jamao Aezaz, argues that simply holding the coin to store its value or as a means of payment is halal as this is also done using other traditional currencies. Beyond these two purposes, Bitcoin should be considered as haram.
Is Bitcoin Halal Verdict
As cryptocurrencies continue to evolve and we get new updates, the discussion regarding these currencies will also continue to evolve. Right now, there are many famous scholars who believe that Bitcoin and other cryptocurrencies are halal. But there are also many respectable scholars who have adopted a wait-and-see policy. Then there are many scholars who have deemed Bitcoin as haram due to the excessive risk, speculative nature, and the fact that it can be used for illegal purposes.
The debate seems to be unending. Different segments of Muslim society have different views. Some argue Bitcoin investing is halal, while some others believe it to be haram. Some even consider a couple of ways of Bitcoin investing to be halal and the rest as haram. Hence, it is believed that the issue has no one straightforward answer.
In this article, titled 'Is Bitcoin Halal', we have attempted to understand the issues posed by examines several examples as well as quotations from Muslim scholars. However, we are not able to conclusively decide whether Bitcoin investment is halal or haram.
Muslim investors are advised to refer Sharia Law and follow the guidelines of scholars in order to understand better whether they should invest in Bitcoin or not. They should also research which areas of Bitcoin are halal and which are not.
We have conducted extensive research and analysis on over multiple data points on Is Bitcoin Halal to present you with a comprehensive guide that can help you find the most suitable Is Bitcoin Halal. Below we shortlist what we think are the best Halal Bitcoin Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Is Bitcoin Halal.
Reputable Is Bitcoin Halal Checklist
Selecting a reliable and reputable online Halal Bitcoin Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Halal Bitcoin Investment Platforms more confidently.
Selecting the right online Halal Bitcoin Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Halal Bitcoin Investment Platforms broker has a solid track record of at least two years in the industry.
- Verify that the Halal Bitcoin Investment Platforms broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Halal Bitcoin Investment Platforms broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Halal Bitcoin Investment Platforms broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Halal Bitcoin Investment Platforms brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Halal Bitcoin Investment Platforms broker can hire staff from diverse locations worldwide who can communicate fluently in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Compare Key Features of Halal Bitcoin Investment Platforms in Our Brokerage Comparison Table
When choosing a broker for Halal Bitcoin Investment Platforms trading, it's essential to compare the different options available to you. Our Halal Bitcoin Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each Halal Bitcoin Investment Platforms broker.
- The funding methods available for Halal Bitcoin Investment Platforms with each broker.
- The types of instruments you can trade with each Halal Bitcoin Investment Platforms broker, such as forex, stocks, commodities, and indices.
- The trading platforms each Halal Bitcoin Investment Platforms broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each Halal Bitcoin Investment Platforms broker affects the cost of trading.
- The level of customer support each Halal Bitcoin Investment Platforms broker offers, including their availability, responsiveness, and quality of service.
- Whether each Halal Bitcoin Investment Platforms broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a Halal Bitcoin Investment Platforms broker that best suits your needs and preferences for Halal Bitcoin Investment Platforms. Our Halal Bitcoin Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Halal Bitcoin Investment Platforms of 2024 compared
Here are the top Halal Bitcoin Investment Platforms.
Compare Halal Bitcoin Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Halal Bitcoin Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Halal Bitcoin Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Halal Bitcoin Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Halal Bitcoin Investment Platforms that accept Halal Bitcoin Investment Platforms clients.
| Broker |
IC Markets
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eToro
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XTB
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Pepperstone
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AvaTrade
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EasyMarkets
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SpreadEx
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FXPro
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Plus500
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Admiral
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webull
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| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA) |
| Min Deposit | 200 | 100 | No minimum deposit | 200 | 100 | 100 | 1 | 100 | 100 | 200 | 50 |
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| Used By | 180,000+ | 30,000,000+ | 1,000,000+ | 400,000+ | 300,000+ | 142,500+ | 10,000+ | 1,866,000+ | 24,000,000+ | 10,000+ | 5,000+ |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
Sign
Up with plus500 |
Sign
Up with admiralmarkets |
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Up with webull |
| Risk Warning | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk |
| Demo |
IC Markets Demo |
eToro Demo |
XTB Demo |
Pepperstone Demo |
AvaTrade Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Plus500 Demo |
Admiral Markets Demo |
Webull Demo |
| Excluded Countries | US, IR, CA, NZ, JP | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | US, CA, JP, SG, MY, JM, IR, TR | UK, AU, SA, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX |
All Halal Bitcoin Investment Platforms in more detail
You can compare Halal Bitcoin Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Halal Bitcoin Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Halal Bitcoin Investment Platforms below.
Is Bitcoin Halal Table of Contents
- Is Bitcoin Halal Explained
- 6 Factors to Consider when Choosing Is Bitcoin Halal
- Are Your Is Bitcoin Halal Trusted And Established?
- Are The Is Bitcoin Halal World Leading?
- What are the Is Bitcoin Halal Commissions and Fees?
- What are the Is Bitcoin Halal Funding and Withdrawl Methods?
- Find Is Bitcoin Halal with Round-the-clock support?
- Make sure the Is Bitcoin Halal Offer Comprehensive Trader resources?
- Why Is Bitcoin Halal needs to be regulated?
- Is Bitcoin Halal FAQ
- What are the best Halal Bitcoin Investment Platforms brokers?
- What is the best Halal Bitcoin Investment Platform broker?
- Related Is Bitcoin Halal Reviews
- Related Is Bitcoin Halal Alternatives
- Related Is Bitcoin Halal Comparisons
Is Bitcoin Halal Explained
Trading volatile financial markets with Is Bitcoin Halal can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Is Bitcoin Halal to ensure a successful trading experience.
Selecting Is Bitcoin Halal at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Is Bitcoin Halal markets effectively.
Reliability is key to gaining access to financial markets. Look for Is Bitcoin Halal that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Is Bitcoin Halal confidently.
6 Factors to Consider when Choosing Is Bitcoin Halal
Follow these five rules for selecting Is Bitcoin Halal that are right for you:
Are Your Is Bitcoin Halal Trusted And Established?
Search for a reputable Is Bitcoin Halal with a extensive proven track record for Is Bitcoin Halal, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Is Bitcoin Halal broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is eToro.
eToro was established 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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eToro
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XTB
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Pepperstone
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AvaTrade
|
EasyMarkets
|
SpreadEx
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FXPro
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2007 | 2002 | 2010 | 2006 | 2001 | 1999 | 2006 |
| Head Office | Australia | Cyprus, UK | Poland | Australia | Ireland | Cyprus, Australia | UK | UK |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
| Used By | 180,000+ | 30,000,000+ | 1,000,000+ | 400,000+ | 300,000+ | 142,500+ | 10,000+ | 1,866,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | Yes | Yes | No |
| Learn More | Visit IC Markets | Visit eToro | Visit XTB | Visit Pepperstone | Visit AvaTrade | Visit easyMarkets | Visit SpreadEx | Visit FxPro |
| Risk Warning | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Are The Is Bitcoin Halal World Leading?
Opt for Is Bitcoin Halal that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Is Bitcoin Halal is eToro. eToro Segregates clients funds and offers over 5000 instruments.
| Broker |
IC Markets
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eToro
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XTB
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Pepperstone
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AvaTrade
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EasyMarkets
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SpreadEx
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FXPro
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|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 5000 | 5600 | 1200 | 1250 | 200 | 15000 | 430 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MG, MK, MO, UA, JO, KR, | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US | US, CA, IR |
| Forex pairs offered | 61 | 50 | 57 | 70 | 55 | 150 | 55 | 70 |
| Forex pairs offered | 61 | 50 | 57 | 70 | 55 | 150 | 55 | 70 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 31 | 21 | 16 | 17 | 12 | 16 | 30 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Stocks Offered | 2100 | 2042 | 1696 | 1100 | 1000 | 52 | 1000 | 1700 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Is Bitcoin Halal Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Is Bitcoin Halal broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Is Bitcoin Halal broker eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. eToro minimum deposit is 100. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
eToro
|
XTB
|
Pepperstone
|
AvaTrade
|
EasyMarkets
|
SpreadEx
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 100 | 0 | 200 | 100 | 100 | 1 | 100 |
| Withdrawl Fees | No | Yes | varies | No | No | No | 0, minimum £50 | No |
| Inactivity Fees | No | Yes | Yes | No | No | No | No | Yes |
| Deposit Fees | Varies | No | No | No | No | No | No | No |
| CFD Commission Fees | Yes | Yes | Yes | Yes | No | No | No | charge commissions on cTrader only |
What are the Is Bitcoin Halal Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Is Bitcoin Halal. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Is Bitcoin Halal.
| Broker |
IC Markets
|
eToro
|
XTB
|
Pepperstone
|
AvaTrade
|
EasyMarkets
|
SpreadEx
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | Yes | No | No | Yes |
| Skrill | Yes | Yes | Yes | Yes | No | Yes | Yes | Yes |
| Payoneer | No | No | Yes | Yes | Yes | No | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | No | Yes |
Find Is Bitcoin Halal with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Is Bitcoin Halal.
Is Bitcoin Halal customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Is Bitcoin Halal can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro support a wide range of languages including English, German, Spanish, French, Italian
IC Markets and eToro offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
eToro
|
XTB
|
Pepperstone
|
AvaTrade
|
EasyMarkets
|
SpreadEx
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, German, Spanish, French, Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, German, Arabic, Chinese, Spanish and Polish | English | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Vietnamese, Greek, Malaysian, Thai, Turkish, Romanian, Czech, Slovak |
| Learn More | Visit IC Markets | Visit eToro | Visit XTB | Visit Pepperstone | Visit AvaTrade | Visit easyMarkets | Visit SpreadEx | Visit FxPro |
| Risk Warning | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Make sure the Is Bitcoin Halal Offer Comprehensive Trader resources?
It's important to ensure your Is Bitcoin Halal provide complimentary resources such as analysis, education, and risk management tools. IC Markets and eToro collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Is Bitcoin Halal. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Is Bitcoin Halal.
Why Is Bitcoin Halal needs to be regulated?
Regulated Is Bitcoin Halal lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Is Bitcoin Halal.
Consumers are protected by Is Bitcoin Halal regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Is Bitcoin Halal is necessary to prevent fraud. The Is Bitcoin Halal working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Is Bitcoin Halal is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Is Bitcoin Halal List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, TradingView, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits