Best Is Forex Trading Halal Guide
Is Forex Trading Halal
If trading on the Forex markets is not as popular with Muslims as it is all over the rest of the world, It is not because the Muslim community is less active on financial markets.
On the contrary, there are a lot of rich Muslims and they make their fortunes in several financial sectors.
Having said that, when it comes to trading, they face a serious problem, which is none other than Islamic Sharia.
Indeed, it imposes several conditions and it is not easy for a Muslim trader to generate profits without going against their religious beliefs.
To help those who need it, we will demonstrate here on how to trade Forex, while respecting Sharia laws.
Forex Trading - Halal or Haram Fatwa
Usury has been completely prohibited in Islam, and it is clear and agreed by all religious scholars. This issue requires that any type of deals or contracts that contain usurious elements are not permissible in Islam.
Although dealing in currencies is legally permissible the transaction turns into a forbidden act by entering usury and gambling on it. This is required for the exchange to take place after the passing of a certain period of the contract and not to deposit the amount in the contractor's account until after that period has passed.
Many fatwas have been issued related to this topic, and what is confirmed is that the majority of religious scholars agree that working in Forex is permissible and that it has been practiced for many years.
”He narrated on the authority of Ubadah ibn Al-Samit, may God be pleased with him, that he said that the Messenger of God, may God bless him, said: “Gold is for gold, silver for silver, and barley for barley, dates with dates, and salt with salt, for example, in the same way, whether equally, hand to hand. Bid ”(Sahih Muslim 1587).”
Based on what was referred to in the previous hadith, there is not a problem with such dealings in Islamic Sharia, because they fulfill all the necessary conditions for correct Islamic dealings, and they do not contain matters that are inconsistent with the Islamic Sharia and its provisions.
Therefore, there is nothing wrong with dealing in Forex because these transactions are allowed in accordance to Islamic law.
What Islam Says on Online Forex Trading?
If you've been trading online for a while, you've probably noticed that a lot of brokers who offer Islamic accounts.
This is a platform that was created with the aim of never breaking Islamic laws, so if you open an Islamic account you will not earn any interest. Undeniably, this form of income is strictly prohibited in Islam.
Furthermore, this element forms the basis of the difference that exists between traditional trading accounts and Islamic accounts.
To put it another way, any form of gain in value that comes from a delay in time is considered Haram, or a sin and it should also be noted that other forms of income are prohibited by Sharia, such as profits on margins, and profits on currency conversions.
Note that for Islamic banks, gains on transactions are particularly prohibited.
Before going into details, we suggest you understand the basic principle of Islamic trading.
Indeed, when a Muslim trader wishes to enter the stock market, it is important that he respects the following three rules:
- Never take risks (which would be similar to having opportunities to make money, and this is strictly prohibited in Islam).
- Never earn interest in any form, regardless of the conditions.
- Transactions must be finalized immediately.
- If the asset the Muslim trader has bought gains in value because of an involuntary delay, he must resell it at the price that would have been allocated to him, if the delay had not occurred.
Although these conditions may seem strict to you, you are probably wondering how it is possible to trade without breaking them. However, the world of trading provides interesting and extremely practical solutions, which make Islamic trading just as accessible as traditional trading.
With the restrictions that the Islamic law imposes, one can rightly assume that Sharia-compliant accounts will be more expensive than others.
However, this is absolutely wrong! In fact, everything will depend on the performance of your broker. The best brokers offer particularly good deals on their Islamic trading accounts.
In addition, the Sharia categorically prohibits Muslims from receiving profits on the Swap.
For those who do not know what a Swap is, it is the gain that is generated by maintaining an open position in the stock market. This type of gain represents a respectable portion of the income of the best traditional traders.
Creating a Muslim Forex Account
In order to enjoy the benefits of the Islamic trading accounts, you are going to have to look for brokers who offer a Halal alternative in their accounts.
That said, not all these brokers will have the same offers and the same level of flexibility.
Even in this context, there are often some gray areas that you could use to your advantage, or avoid altogether, to stay safe.
Once you have found a good broker, all you have to do is go to their official website and register.
The broker will ask you to provide certain documents, such as a copy of your national identity card, or your passport, and he may ask you for a proof of direct debit etc.
Finally, you must finalize your registration and start trading after choosing a Islamic trading account.
Note that all the transactions you will be able to perform on this account will be 100% in accordance with Islamic laws. Furthermore, to make deposits into the account, only the best Forex brokers will only offer you the methods that Sharia accepts.
Is Forex Trading Halal Conclusion
Since Sharia formally prohibits Muslims from receiving interest, they will not be able to benefit from Swaps.
In return, they will be able to access exclusive fees, which are significantly lower than those for Standard accounts.
In this sense, Islamic trading accounts are great for novice traders, who are still looking to stabilize in the market.
We've collected thousands of datapoints and written a guide to help you find the best Is Forex 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 forex trading halal below. You can go straight to the broker list here.
Reputable Is Forex Trading Halal Checklist
There are a number of important factors to consider when picking an online Is Forex Trading Halal trading brokerage.
- Check your Is Forex Trading Halal broker has a history of at least 2 years.
- Check your Is Forex Trading Halal broker has a reasonable sized customer support of at least 15.
- Does the Is Forex 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 Forex 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 Forex Trading Halal broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Is Forex 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 Forex 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 Forex 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 Forex Trading Halal of 2021 compared
Here are the top Is Forex Trading Halal.
Compare Is Forex Trading Halal min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are is forex trading halal. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more is forex trading halal that accept is forex trading halal clients
| Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Roboforex
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Forex.com
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| Rating | |||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | 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 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) |
| Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 100 |
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| Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 150,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps |
| Support |
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| Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with xtb |
Sign
Up with fpmarkets |
Sign
Up with roboforex |
Sign
Up with plus500 |
Sign
Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with forexcom |
| Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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 | Losses can exceed deposits | 76.4% 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. | 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider |
| Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Roboforex Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Forex.com Demo |
| 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, | 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 | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US, JP | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | BE |
All Is forex trading halal in more detail
You can compare Is Forex 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 Forex Trading Halal for 2021 article further below. You can see it now by clicking here
We have listed top Is forex trading halal below.
Is Forex Trading Halal Table of Contents
- Is Forex Trading Halal Explained
- 6 Factors to Consider when Choosing Is Forex Trading Halal
- Are Your Is Forex Trading Halal Trusted And Established?
- Are The Is Forex Trading Halal World Leading?
- What are the Is Forex Trading Halal Commissions and Fees?
- What are the Is Forex Trading Halal Funding and Withdrawl Methods?
- Find Is Forex Trading Halal with Round-the-clock support?
- Make sure the Is Forex Trading Halal Offer Comprehensive Trader resources?
- Why do Is Forex Trading Halal need to be regulated?
- Is Forex Trading Halal FAQ
- What are the best Is forex trading halal brokers?
- What is the best Is forex trading halal broker?
- Related Is Forex Trading Halal Reviews
- Related Is Forex Trading Halal Alternatives
- Related Is Forex Trading Halal Comparisons
Is Forex Trading Halal Explained
Trading the financial markets with Is Forex 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 Forex Trading Halal is the platform that a Is Forex Trading Halal offer.
Choose Is Forex 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 Forex Trading Halal that you can rely on.
6 Factors to Consider when Choosing Is Forex Trading Halal
Follow these five rules for selecting a broker that's right for you:
Are Your Is Forex 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 Forex Trading Halal broker is eToro. Established in 2006, and in operation for 12 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 IC Markets.
IC Markets was established 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 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
|
IC Markets
|
XTB
|
FP Markets
|
Roboforex
|
Plus500
|
| Year Established | 2006 | 2007 | 2002 | 2005 | 2009 | 2008 |
| Head Office | Cyprus, UK | Australia | Poland | Australia | Cyprus | Israel |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | 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 | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 10,000+ | 15,500+ |
| Negative balance protection | Yes | Yes | Yes | Yes | No | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit eToro | Visit IC Markets | Visit XTB | Visit FP Markets | Visit Roboforex | Visit Plus500 |
| Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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 | Losses can exceed deposits | 76.4% 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 Forex 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, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. 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 Forex Trading Halal is IC Markets . IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Roboforex
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Plus500
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| Instruments Available | 2000 | 232 | 4000 | 100 | 100 | 2500 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, 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 | 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, JP, NZ | US, JP | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE |
| Forex pairs offered | 50 | 65 | 50 | 60 | 35 | 100 |
| Forex pairs offered | 50 | 65 | 50 | 60 | 35 | 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 | No | Yes |
| Commodities Offered | 31 | 19 | 21 | 18 | 21 | 17 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | No | Yes |
| Agricultural | Yes | Yes | Yes | Yes | No | Yes |
| Stocks Offered | 2042 | 110 | 1696 | 10000 | 0 | 1816 |
| UK Shares | Yes | No | Yes | Yes | No | Yes |
| US Shares | Yes | Yes | Yes | Yes | No | Yes |
| German Shares | Yes | Yes | Yes | Yes | No | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | No | Yes |
What are the Is Forex Trading Halal Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Is Forex 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 200.
Another top rated Is Forex Trading Halal broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Roboforex
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Plus500
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| Min Deposit | 200 | 200 | 0 | 100 | 1 | 100 |
| Withdrawl Fees | Yes | No | varies | No | Yes | No |
| Inactivity Fees | Yes | No | No | No | No | Yes |
| Deposit Fees | No | Varies | No | Yes | No | No |
| CFD Commission Fees | No | Yes | Yes | Yes | No | No |
What are the Is Forex Trading Halal Funding and Withdrawal Methods?
When dealing with Is Forex Trading Halal having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
|
IC Markets
|
XTB
|
FP Markets
|
Roboforex
|
Plus500
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | No | Yes |
| Skrill | Yes | Yes | Yes | Yes | No | Yes |
| Payoneer | No | No | Yes | No | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | No |
Find Is Forex Trading Halal with Round-the-clock support?
Customer service is very important when dealing with Is Forex 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 Forex 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
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Roboforex
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Plus500
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| Support |
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| Languages | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |
| Learn More | Visit eToro | Visit IC Markets | Visit XTB | Visit FP Markets | Visit Roboforex | Visit Plus500 |
| Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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 | Losses can exceed deposits | 76.4% 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 Forex 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 IC Markets 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 do Is Forex Trading Halal need to be regulated?
A regulated Is Forex Trading Halal broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Is Forex 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 Forex Trading Halal List
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, 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
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, IRESS, 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, Mac, 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 0 Commissions 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, 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
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
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, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account