Best Is Bitcoin Trading Halal Guide
Updated October 25, 2021
Is Bitcoin Halal?
Before starting to present fatwas and opinions that prove that Bitcoin is either Halal or Haram according to the provisions of Islamic law.
It must be acknowledged that there is some confusion regarding the Islamic religion's view about Bitcoin trading and investment, due to the difference between virtual currencies and fiat currencies that must be taken into account.
Concepts Of Cryptocurrency And Money In Islam
Bitcoin is one of the most popular electronic currencies in the world. It was introduced in the economic-financial markets in 2009, and is considered a fully electronic virtual currency at 100%, and thus has no correlation in its properties with fiat currencies in terms of tangible physical existence.
Bitcoins are obtained through a rather complex process called the mining process.
Money in Islam: The term money is mentioned 86 times in the Noble Qur’an, singular and plural, defined and not.
This is undoubtedly strong evidence of the Quranic interest in money, and the particular Islamic view of what is considered today as the code of life.
What does Islam think about Bitcoin?
As we become accustomed to bitcoin, it always has a tendency to divide people, i.e. two divisions and two teams with ideas and beliefs that differ according to the East and the West.
Therefore, some fatwas have appeared that prove the point of view of analyzing Bitcoin trading and investment in accordance with the provisions and bonds of Islamic law.
Some fatwas have also appeared that prove the prohibition of trading and investing Bitcoin currencies, for the following reasons:
Not being recognized by the competent authorities
According to the saying from Imam Ibn Taymiyyah: “Dirhams and dinars are not intended for yourself but are a means of dealings and because of this, these funds are intended to be used by yourselves.”
At the present time, currency trading and investment are not approved except under-recognition and approval by competent authorities, chiefly the central bank.
According to what was said by central banks, Bitcoin virtual currencies have not yet been recognized as valid currencies for trading and investment. Accordingly, the trading and investment operations of Bitcoin are prohibited.
Investing Bitcoin is gambling
According to the opinion of Professor of Jurisprudence Dr. Jalawi Al-Jumai'a that Bitcoins are nothing but currencies that are used for gambling.
Bitcoin currencies are virtual electronic currencies that do not have any bonds or covers of gold or silver, and therefore they are in the ruling of debt and considered a commodity of an unknown source.
Consequently, this can allow the occurrence of fraud as a result of the absence of any supervisory authorities monitoring the course of trading and investment of currencies.
Non-disclosure of the identity of the seller and the buyer
The Islamic religious authorities in Turkey confirmed that the operations of investing and trading in virtual Bitcoin currencies involved within them, an element of ignorance that the Messenger forbade to prevent problems and avoid disputes based on money, and to avoid the temptation of Satan’s attempt to theft and swindle.
The Turkish religious authority stated that the identity of the seller and the buyer should be clear and public, as it is declared in the trading operations in everyday banks.
The presence of a bank intermediary gives financial transactions a kind of safety and privacy.
In addition, the existence of regulatory bodies enables them to monitor the investment and trading process, and thus those who carry out fraudulent operations can be negotiated.
Is Bitcoin Halal? Bitcoin Fatwa And Rulings Shariah
There are many fatwas stating that the Bitcoin is legal according to Islamic law, for the following reasons:
Intrinsic value
The laws of Islamic in financial matters and currencies are related to the necessity of an fundamental value for a currency.
Bitcoin has an intrinsic value itself, and this value is proportional to any package with how easy or difficult it is to obtain the currency.
In simplicity terms, in 2009 Bitcoin was estimated at about $ 0.30, as the process for mining and obtaining bitcoins was a very simple process.
The mining process at that time was based on the presence of a computer and ordinary electrical energy.
Now, due to the technological development, the spread of Bitcoin, and the demand of people to trade Bitcoin currencies, the mining process has become more difficult and complex and needs highly sophisticated computers and it is for this reason, the price value of Bitcoin is now estimated at $13,000.
Ways to obtain bitcoins
Based on the ruling of Fatwa “No. 231460” for Dar Al Iftaa, I confirm that if the acquisition of these virtual currencies such as mining and prospecting is done in a comprehensive manner far from manipulation, fraud and theft, then it may be included under the terms of the decomposed currencies.
The hypothetical money that is circulating via the Internet only differs from paper money as mentioned before.
The process of exchanging it for another currency, buying it or selling it is a form of exchange which is considered permissible according to what is stated in the fatwa and the Islamic law.
This is on the condition of exchange, which is what happens with Trading bitcoins.
The investments resulting from the profits of Bitcoin buying and selling are among the reasons that prove the analysis of Bitcoin currencies.
If you are thorough, you will invest your profits to the satisfaction of God as God knows the best intentions will be counted in the balance of your good deeds.
There is nothing wrong with paying commissions for currency conversion
It is also common for some that paying commissions via the Internet in exchange for transfer services or buying bitcoins is a form of lending that is not allowed.
According to Fatwa “No. 259576”, there is no objection to paying such commissions as you pay for a specific service, including services for converting and buying virtual Bitcoins.
Is Bitcoin Halal Conclusion
Many people are inclined to say that Bitcoin is Halal in Islam, based on the fact that it provides value despite being digital and intangible.
If the Bitcoin currency derives its value from the markets and not from the individuals, then dealing with it is Halal and permissible. Some tend to compare Bitcoin to gold, because the value also rises and decreases based on market movement.
We've collected thousands of datapoints and written a guide to help you find the best Is Bitcoin Trading Halal for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best is bitcoin trading halal below.
Reputable Is Bitcoin Trading Halal Checklist
There are a number of important factors to consider when picking an online Is Bitcoin Trading Halal trading brokerage.
- Check your Is Bitcoin Trading Halal broker has a history of at least 2 years.
- Check your Is Bitcoin Trading Halal broker has a reasonable sized customer support of at least 15.
- Does the Is Bitcoin Trading Halal broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Is Bitcoin Trading Halal broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Is Bitcoin Trading Halal broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Is Bitcoin Trading Halal can hire people from various locations in the world who can better communicate 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.
Our brokerage comparison table below allows you to compare the below features for brokers offering Is Bitcoin Trading Halal.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Is Bitcoin Trading Halal.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Is Bitcoin Trading Halal of 2021 compared
Here are the top Is Bitcoin Trading Halal.
Compare Is Bitcoin Trading Halal min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are is bitcoin trading halal. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more is bitcoin trading halal that accept is bitcoin trading halal clients
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eToro
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XTB
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IC Markets
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AvaTrade
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Pepperstone
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Plus500
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EasyMarkets
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SpreadEx
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Admiral
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Markets.com
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FXPro
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| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | 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 | 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), BVI Financial Services Commission (BVI FSC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
| Min Deposit | 50 | No minimum deposit | 200 | 250 | 200 | 100 | 100 | 1 | 200 | 100 | 100 |
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| Used By | 20,000,000+ | 250,000+ | 180,000+ | 200,000+ | 89,000+ | 15,500+ | 142,500+ | 10,000+ | 10,000+ | 4,000,000+ | 1,866,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with icmarkets |
Sign
Up with avatrade |
Sign
Up with pepperstone |
Sign
Up with plus500 |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with admiralmarkets |
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Up with marketscom |
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Up with fxpro |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 74% 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. | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | 72% 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. | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 67% 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 | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
| Demo |
eToro Demo |
XTB Demo |
IC Markets Demo |
AvaTrade Demo |
Pepperstone Demo |
Plus500 Demo |
easyMarkets Demo |
SpreadEx Demo |
Admiral Markets Demo |
Markets.com Demo |
FxPro Demo |
| Excluded Countries | ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | US, IN, PK, BD, NG , ID, BE, AU | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | BE, BR, KP, NZ, TR, US, CA, SG | BR, KR, IR, IQ, SY, JP, US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US | US, TR | US, CA, JP, SG, MY, JM, IR, TR | RU, BR, CH, SG, JP, US, CA, BE, IL, TR, NZ, SY, IR, IQ, HK, PR, CN | US, CA, IR |
eToro Risk Disclosure
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. 67% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
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.
All Is bitcoin trading halal in more detail
You can compare Is Bitcoin Trading Halal 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 Is Bitcoin Trading Halal for 2021 article further below. You can see it now by clicking here
We have listed top Is bitcoin trading halal below.
Is Bitcoin Trading Halal Table of Contents
- Is Bitcoin Trading Halal Explained
- 6 Factors to Consider when Choosing Is Bitcoin Trading Halal
- Are Your Is Bitcoin Trading Halal Trusted And Established?
- Are The Is Bitcoin Trading Halal World Leading?
- What are the Is Bitcoin Trading Halal Commissions and Fees?
- What are the Is Bitcoin Trading Halal Funding and Withdrawl Methods?
- Find Is Bitcoin Trading Halal with Round-the-clock support?
- Make sure the Is Bitcoin Trading Halal Offer Comprehensive Trader resources?
- Why Is Bitcoin Trading Halal needs to be regulated?
- Is Bitcoin Trading Halal FAQ
- What are the best Is bitcoin trading halal brokers?
- What is the best Is bitcoin trading halal broker?
- Related Is Bitcoin Trading Halal Reviews
- Related Is Bitcoin Trading Halal Alternatives
- Related Is Bitcoin Trading Halal Comparisons
Is Bitcoin Trading Halal Explained
Trading the financial markets with Is Bitcoin Trading Halal when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Is Bitcoin Trading Halal is the platform that a Is Bitcoin Trading Halal offer.
Choose Is Bitcoin Trading Halal that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Is Bitcoin Trading Halal that you can rely on.
6 Factors to Consider when Choosing Is Bitcoin Trading Halal
Follow these five rules for selecting a broker that's right for you:
Are Your Is Bitcoin Trading Halal Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Is Bitcoin Trading Halal broker is eToro. Established in 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 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
Another top rated broker is XTB.
XTB was established 2002, and in operation for 16 years XTB have a head office in Poland.
XTB is regulated. This means XTB are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
|
Pepperstone
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Plus500
|
| Year Established | 2007 | 2002 | 2007 | 2006 | 2010 | 2008 |
| Head Office | Cyprus, UK | Poland | Australia | The British Virgin Islands | Australia | Israel |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | 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 | 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 |
| Used By | 20,000,000+ | 250,000+ | 180,000+ | 200,000+ | 89,000+ | 15,500+ |
| Negative balance protection | Yes | Yes | Yes | No | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit eToro | Visit XTB | Visit IC Markets | Visit AvaTrade | Visit Pepperstone | Visit Plus500 |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 74% 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. | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | 72% 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. |
Are The Is Bitcoin Trading Halal World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 2000 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the eToro platform enables access to a variety of financial markets worldwide. eToro 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 Trading Halal is XTB . XTB Segregates clients funds and offers over 4000 instruments.
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
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Pepperstone
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Plus500
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| Instruments Available | 2000 | 4000 | 232 | 1000 | 100 | 2500 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | 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 | US | BE, BR, KP, NZ, TR, US, CA, SG | BR, KR, IR, IQ, SY, JP,US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE |
| Forex pairs offered | 50 | 57 | 65 | 80 | 70 | 100 |
| Forex pairs offered | 50 | 57 | 65 | 80 | 70 | 100 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | Yes | Yes | Yes |
| Commodities Offered | 31 | 21 | 19 | 16 | 16 | 17 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | Yes | No | Yes |
| Stocks Offered | 2042 | 1696 | 110 | 99 | 60 | 1816 |
| UK Shares | Yes | Yes | Yes | Yes | No | Yes |
| US Shares | Yes | Yes | Yes | Yes | No | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | No | Yes |
What are the Is Bitcoin Trading Halal Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Is Bitcoin Trading Halal broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). eToro minimum deposit is 50.
Another top rated Is Bitcoin Trading Halal broker XTB offers Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
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Pepperstone
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Plus500
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| Min Deposit | 50 | 0 | 200 | 250 | 200 | 100 |
| Withdrawl Fees | Yes | varies | No | No | No | No |
| Inactivity Fees | Yes | Yes | No | No | Yes | Yes |
| Deposit Fees | No | No | Varies | No | No | No |
| CFD Commission Fees | Yes | Yes | Yes | No | Yes | No |
What are the Is Bitcoin Trading Halal Funding and Withdrawal Methods?
When dealing with Is Bitcoin Trading Halal having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
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XTB
|
IC Markets
|
AvaTrade
|
Pepperstone
|
Plus500
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| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | Yes | Yes |
| Skrill | Yes | Yes | Yes | No | Yes | Yes |
| Payoneer | No | Yes | No | Yes | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | No |
Find Is Bitcoin Trading Halal with Round-the-clock support?
Customer service is very important when dealing with Is Bitcoin Trading Halal.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Is Bitcoin Trading Halal customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, Italian
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
eToro and XTB offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
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Pepperstone
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Plus500
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| Support |
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| Languages | English, German, Spanish, French, Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |
| Learn More | Visit eToro | Visit XTB | Visit IC Markets | Visit AvaTrade | Visit Pepperstone | Visit Plus500 |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 74% 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. | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | 72% 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. |
Make sure the Is Bitcoin Trading Halal Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and XTB work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why Is Bitcoin Trading Halal needs to be regulated?
A regulated Is Bitcoin Trading Halal broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Is Bitcoin Trading Halal brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Is Bitcoin Trading Halal List
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. 67% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
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 Islamic 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 Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic 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 Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic 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 Islamic 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 Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
