Top Is Investing Haram for 2024
We found 11 online brokers that are appropriate for Trading Islamic.
Best Is Investing Haram Guide
Analysis by Andrew Blumer, Updated Last updated - April 18, 2024
Is Investing Haram
The question is always debated. Is investing Haram or Halal is always asked. Even a question prevails frequently whether there is something called an Islamic trading account.
About 25 percent of the world population follows the Islamic religion. They are Muslims and usually ask whether daytime trading is allowed with respect to Islamic law or religion.
They raise the question of whether one can stay Halal while trading in stocks, commodities and Forex.
Why Investing And Trading Financial Instruments Must Be Haram
A common question for beginners who want to trade on Forex is whether trading is haram. Trading on foreign exchanges is haram; however, it mostly depends on what kind of business you are trading in.
When people hear the word Haram, they tend to think it is a term used for margin trading. They are wrong. Islamic financial experts, especially in Dubai, explained that this term is used for investing in property. It is a common saying in Dubai that all properties should be owned by the person who buys them. According to Islamic law, this is one way of using wealth and investment wisely, and in a Muslim and liberal society, this is considered the smartest way. However, according to Islamic law, if you are not following the Shariah law, it is considered haram, which is not allowed under any circumstances.
Another misconception about the meaning of Islamic trading is that it is considered haram to lend money to non-Muslims. According to Sharia law, lending money to non- Muslims is allowed. The loans are done with the stipulation that the interest rates are not higher than the interest rates applied to pork and alcohol. The basic principle of all Islamic laws is that one should not be involved in business or in transactions that involve the exploitation of other people. Therefore, this is also considered haram. However, you can use it to invest in real estate as long as you follow the stipulated rules and regulations.
Some other misconceptions include the idea that Islamic trading is somehow different from trading and investing in stocks, bonds and other securities. Islamic financial experts explain that Islamic financial markets, such as share trading and other forms of binary options trading, are just the same as other types of trading. It is because the same principles govern all transactions in the financial markets of Islam. Islamic financial experts point out that if you doubt how stock trading or binary options works, you can get some education or practice on these types of transactions online and understand everything quickly.
Investing Is Haram: Islamic Law
Islamic law governs many aspects of the Muslims living in their daily life, including financial matters. Details are documented in the Shariah law and mentioned in the Kora to guide the religious. In modern-day trading, often the grey path gets blurred, so many still wonder if investing is haram. The main answer to this question is that the business person should follow the guidance of Islamic law to avoid getting into any trouble or receive a penalty.
As per Sharia law, all Islamic financial transactions are based on the value of gold and silver. Therefore, all Muslims who wish to purchase gold or silver for investment purposes must follow the Islamic law of Islamic banking. It is done by the Islamic Banks, which private investors finance. To work within this framework, the Islamic Banks follow the Islamic monetary system of halal. It means that all transactions are based on Islamic laws, and so all products purchased from the market are halal.
The main halal products in Islamic finance are bonds, shares and mortgage loans. So if one follows the Islamic guidelines when purchasing any form of asset, then the asset value increases with time. The property is based on the al-mal or the financial principle, which is applied in Islamic law. The main concept behind the al-mal principle is that an individual gains financial success through the sweat of his brow (i.e., labour or effort) and the help of Islamic principles and laws.
Common Myths About Islamic Investments
Islamic law governs many aspects of the devout Muslims in their everyday life, including financial matters. Details are clearly outlined in Islamic law and mentioned in Sharia law. However, on a day to day basis, the grey route becomes very vivid, at which point they realise that they are not following the law and are breaking the stipulated rules. The ruling is clear; any Muslim who owns any property or real estate in Pakistan must hold the title in their name and cannot sell it without their true legal ownership.
The main reason why people are confused and do not understand the difference between Islamic banking and investing in real estate is ignorance about the two. Both are dissimilar and have different goals and policies. Islamic banking is completely different from Islamic financial planning or Islamic finance. Therefore, there is no difference between the two, except that one may prefer to use Islamic banking techniques for personal use or work on a small scale. The other prefers to use large scale investments in the stock market and financial markets.
Lastly, there is the misconception that there is no need for an Islamic financial expert when you want to invest your money in Islamic trading. It is not uncommon for traders who do not have any experience in stock trading to make mistakes, so it is important to have some form of training before starting to trade online. You can learn more about Islamic trading online or through traditional classes.
Is Day Trading Haram or Halal
Islamic law governs several aspects of the Muslims in their day-to-day life including economic factors. Details are outlined in their holy book Kora and mentioned in the Sharia Law to show the pathway to be followed.
In a day trading, the black and white pathway becomes grey and many remain confused and asks 'Is Investing Haram'.
The main concern in a day trading is the risk-sharing feature, which is regulated by certain principles like Bai Salam, Bai Muajjal (credit sale), Mudarabha (profit sharing), Bai' al 'inah (sale and thereafter buy-back agreement), Murabahah, Bai' ithaman ajil (deferred payment sale) and Musawamah.
Is Buying Shares Haram or Halal
Many believe buying shares is Halal and not Haram. They argue that it is owning a certain percentage in a business.
It is to be assured that the company is following Islamic rules in business. Anything un-Islamic means buying shares of it is Haram. Buying an alcohol company's shares will be treated as Haram. Similarly, Muslims are not allowed to buy shares from gambling companies.
From the Islamic perspective the companies can be categorized into three groups.
Permissible practice
Companies dealing in medical equipment, tools, real estate, clothing, shipping, manufacturing, supplies and furniture are not categorized in Haram and hence shares of these companies are completely Halal.
Prohibited practice
Companies dealing in tourism, hotels, alcohol, nightclubs, riba-based banks (unjustified lending), commercial insurance companies and pornographic materials are categorized as Haram and so shares of these cannot be treated as Halal.
Partly Haram Practice
Transportation companies usually have accounts in interest-based banks and it has been seen they are often financed through stocks or riba-based loans. Such companies are called mixed companies.
The easiest decision is to avoid buying shares of such companies. However, in some cases trading shares of these companies cannot be termed as Haram. The answer to ‘Is Investing Haram’ question is tough here.
Small Percentage
In some cases the companies may not be dealing completely in an un-Islamic manner. For instance if their un-Islamic dealings are limited to 10% of the total business volume, it is suggested to donate 10% of the profits earned from shares of such companies to charity and remain in Halal position.
Interest and Islamic Law
Interest is prohibited in Islamic law. The exchange of £100 should be strictly £100. Nothing extra can be taken in the name of interest.
In share trading the exchange is not always equal as the companies can make profit or loss so the pay-in and pay-out differ.
Hence, Islamic scholars suggest buying shares of only Halal companies. The money earned from trading of these companies can be considered as Halal. The answer to the question ‘Is Investing Haram’ is straightforward here.
If you are still confused, it is suggested to take the help of Islamic stock screening software. Furthermore, it is better to avoid heavily leveraged companies which deal in buying and selling of Haram goods or services.
Is Currency Trading Haram or Halal
In broader sense currency trading looks Halal investment but digging deeper reveals the opposite. In leverage, the Forex trading is considered as Haram as the loan is given considering interest can be earned. Interest is Haram in Islamic Law.
Exchange
Non-market trades equipped with limit and stop orders are considered as Haram. According to Islamic Law, the exchange of goods should be in the same sitting. This means the entry and exit need to be almost immediate.
Islamic Trading Accounts
Most of the trading brokers facilitate opening the so-called Islamic trading accounts. Such accounts are considered as Halal and depend partly on the trader and the broker. However, both need to meet the below criteria:
Immediate trade execution - The two parties need to execute the trades immediately, without any delay as it used to be hand to hand exchanges during the initial periods of the Islamic religion.
Immediate transaction cost settlement - The transaction costs such as fee or interest need to be settled immediately.
Zero interest rates - No interest should be involved in the trading to make it Halal. Islamic Law prohibits interest and hence no interest should be attached to trading.
We have conducted extensive research and analysis on over multiple data points on Is Investing Haram to present you with a comprehensive guide that can help you find the most suitable Is Investing Haram. Below we shortlist what we think are the best Islamic after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Is Investing Haram.
Reputable Is Investing Haram Checklist
Selecting a reliable and reputable online Islamic 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 Islamic more confidently.
Selecting the right online Islamic trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Islamic broker has a solid track record of at least two years in the industry.
- Verify that the Islamic broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Islamic 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 Islamic broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Islamic brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Islamic 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 Islamic in Our Brokerage Comparison Table
When choosing a broker for Islamic trading, it's essential to compare the different options available to you. Our Islamic 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 Islamic broker.
- The funding methods available for Islamic with each broker.
- The types of instruments you can trade with each Islamic broker, such as forex, stocks, commodities, and indices.
- The trading platforms each Islamic broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each Islamic broker affects the cost of trading.
- The level of customer support each Islamic broker offers, including their availability, responsiveness, and quality of service.
- Whether each Islamic broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a Islamic broker that best suits your needs and preferences for Islamic. Our Islamic broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Islamic of 2024 compared
Here are the top Islamic .
Compare Islamic brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Islamic broker, it's crucial to compare several factors to choose the right one for your Islamic needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Islamic . Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Islamic that accept Islamic clients.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
NordFX
|
EasyMarkets
|
FXPro
|
Plus500
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rating | |||||||||||
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | 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 Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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), License No: 209/13, VFSC registration number 15008 | 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), 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 |
| Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 1 | 100 | 100 | 100 |
| Funding |
|
|
|
|
|
|
|
|
|
|
|
| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 1,866,000+ | 24,000,000+ |
| Benefits |
|
|
|
|
|
|
|
|
|
|
|
| Accounts |
|
|
|
|
|
|
|
|
|
|
|
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, 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, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| Support |
|
|
|
|
|
|
|
|
|
|
|
| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with nordfx |
Sign
Up with easymarkets |
Sign
Up with fxpro |
Sign
Up with plus500 |
| Risk Warning | Losses can exceed deposits | 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 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. |
| Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
NordFX Demo |
easyMarkets Demo |
FxPro Demo |
Plus500 Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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 | US, CA, IL, 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, CA, EU, RU, SY, KP, CU | 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, CA, IR | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO |
All Islamic in more detail
You can compare Islamic 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 Islamic for 2024 article further below. You can see it now by clicking here
We have listed top Islamic below.
Is Investing Haram Table of Contents
- Is Investing Haram Explained
- 6 Factors to Consider when Choosing Is Investing Haram
- Are Your Is Investing Haram Trusted And Established?
- Are The Is Investing Haram World Leading?
- What are the Is Investing Haram Commissions and Fees?
- What are the Is Investing Haram Funding and Withdrawl Methods?
- Find Is Investing Haram with Round-the-clock support?
- Make sure the Is Investing Haram Offer Comprehensive Trader resources?
- Why Is Investing Haram needs to be regulated?
- Is Investing Haram FAQ
- What are the best Islamic brokers?
- What is the best Islamic broker?
- Related Is Investing Haram Reviews
- Related Is Investing Haram Alternatives
- Related Is Investing Haram Comparisons
Is Investing Haram Explained
Trading volatile financial markets with Is Investing Haram can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Is Investing Haram to ensure a successful trading experience.
Selecting Is Investing Haram 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 Investing Haram markets effectively.
Reliability is key to gaining access to financial markets. Look for Is Investing Haram that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Is Investing Haram confidently.
6 Factors to Consider when Choosing Is Investing Haram
Follow these five rules for selecting Is Investing Haram that are right for you:
Are Your Is Investing Haram Trusted And Established?
Search for a reputable Is Investing Haram with a extensive proven track record for Is Investing Haram, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Is Investing Haram 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 Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex 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
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2009 | 2007 | 2002 | 2009 | 2010 | 2006 | 2008 |
| Head Office | Australia | Belize | Cyprus, UK | Poland | Cyprus | Australia | Ireland | Mauritius |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | 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 Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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), License No: 209/13, VFSC registration number 15008 |
| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit NordFX |
| Risk Warning | Losses can exceed deposits | 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Are The Is Investing Haram World Leading?
Opt for Is Investing Haram 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 Investing Haram is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 100 | 5000 | 5600 | 1000 | 1200 | 1250 | 50 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, 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, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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 | US, CA, IL, 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, CA, EU, RU, SY, KP, CU |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Cryptocurrencies (availability subject to regulation) | Yes | No | Yes | No | No | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 31 | 21 | 15 | 16 | 17 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | No |
| Agricultural | Yes | No | Yes | Yes | No | Yes | Yes | No |
| Stocks Offered | 2100 | 0 | 2042 | 1696 | 160 | 1100 | 1000 | |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
What are the Is Investing Haram Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Is Investing Haram broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Is Investing Haram broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 10 | 100 | 0 | 5 | 200 | 100 | 1 |
| Withdrawl Fees | No | Yes | Yes | varies | No | No | No | No |
| Inactivity Fees | No | No | Yes | Yes | Yes | No | No | No |
| Deposit Fees | Varies | No | No | No | No | No | No | No |
| CFD Commission Fees | Yes | No | Yes | Yes | No | Yes | No | Yes |
What are the Is Investing Haram Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Is Investing Haram. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Is Investing Haram.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Paypal | Yes | No | Yes | Yes | No | Yes | Yes | No |
| Skrill | Yes | No | Yes | Yes | No | Yes | No | No |
| Payoneer | No | Yes | No | Yes | No | Yes | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Is Investing Haram with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Is Investing Haram.
Is Investing Haram 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 Investing Haram 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
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
NordFX
|
|---|---|---|---|---|---|---|---|---|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, 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 | Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit NordFX |
| Risk Warning | Losses can exceed deposits | 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Make sure the Is Investing Haram Offer Comprehensive Trader resources?
It's important to ensure your Is Investing Haram provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex 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 Investing Haram. 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 Investing Haram.
Why Is Investing Haram needs to be regulated?
Regulated Is Investing Haram lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Is Investing Haram.
Consumers are protected by Is Investing Haram regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Is Investing Haram is necessary to prevent fraud. The Is Investing Haram working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Is Investing Haram is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Is Investing Haram 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
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
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, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Swap-Free account (XM Ultra Low 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, 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, 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
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
Learn more
Losses can exceed deposits
Losses can exceed deposits