We found 11 online brokers that are appropriate for Trading Halal.
What is Islams stance on swing trading haram or halal?
Swing trading which is practiced by traders uses tons of technical analysis. It is a trading strategy which focuses on obtaining gains on financial instruments over a period of time. The process is usually conducted over several days to weeks.
In some cases, swing traders will use the fundamental analysis, but not too often.
Is Swing Trading halal or haram? For the Islamic financial enthusiasts, this question is obviously serious. Getting into swing trading without knowing about the grounds may have some religious consequences. So, let’s break it down.
Trading, the activity which you have probably known, is halal. Of course, to make it halal, the asset traded should be halal.
Therefore, you will want to own the halal assets.The next thing to consider is that you must have the ownership of the asset you are selling. So, you are not selling the item that you borrow. Or, in other cases, you will not want to buy and sell intangible items.
All in all, the swing trading is allowed. So, you won’t have to feel guilty when conducting swing trading.
Alright, you now know that the swing trading is permissible. But is it a great option for you? Can you take benefits from it? When something is permissible under Islamic law, it does not mean that you have to do it. The option is yours.
Long term investors who trade less frequently tend to attain better returns. Long term investors would deal with lower risks. Meanwhile, frequent traders with short-term trading sessions tend to have good results, but experience the losses more.
The practical swing trade might come with the best potential. But when it comes to general investing, you will need to take some measurements and precautions to mitigate the risks and maximize your gains.
All in all, it will get down to your personal preferences and goals.
It is crucial to get the best trade strategies in swing trading to find out the opportunities and use them at the right time. Here are various techniques which you can try when conducting swing trading: fibonacci retracement, support and resistance triggers, channel trading, 10-and 20-day SMA, and MACD crossover.
Check all of these strategies and learn their advantages and disadvantages. The more you know about these strategies, the more you are able to exploit them to get more gains. All of these strategies can help you to pinpoint the exact opportunities in the market.
There are various advantages of swing trading which you should consider.
There have been challenges with attaining the narrow focus of the market. With swing trading, it encourages you to take a look at the short term trends and find out where the stocks will increase in value in over the short term.
With the narrower focus, you will have more awareness to the trend momentum. It is great to know that you don’t have to bother yourself so much with the decadeds of historical data to have an understanding of short term price movement.
When swing trading make or break. Either way, you will find out the result sooner than later. Swing trading involves trades which are few days to weeks.
You will be able to assess your investment progress without having to wait for years. In this case, you are able to constantly improve the rooms until you find out the best strategy to help you make money from time to time.
The good thing about swing trading is that you can attain a monthly income. So, you won’t need to hold your money for months to years. In long term investing, you will not have direct access to your money.
Swing trading is a type of trading strategy that does not require you to monitor it all the time.
Therefore, it is indeed a great option for traders who do not have a lot of time. You might have other activities like your part-time job, college, or any other else. Then the swing trading can be a great choice for you.
Since it encourages you to have a narrower focus on specific asset classes, it won’t take a long time until you find out opportunities from the market. Once you’ve researched a few opportunities, you will then be able to proceed in making the trades.
We've collected thousands of datapoints and written a guide to help you find the best Is Swing 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 Halal Trading brokers below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Halal Trading trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Halal Trading Brokers.
Compare Halal Trading Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Halal Trading brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Halal Trading brokers that accept Halal Trading 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 |
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Learn More |
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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 |
You can compare Halal Trading Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Halal Trading Brokers for 2021 article further below. You can see it now by clicking here
We have listed top Halal Trading brokers below.