The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. It is regulated and licensed in each of them. As a result, typical overnight interest-swap fees, other interest type charges, or commissions that appear like interest are not present. It is regulated by NFA, CySEC, ASIC, CFTC, MiFID, FCA and has been the recipient of several awards. FXCM is froex a publicly traded company on the Nasdaq Exchange, the major U.
While forex trading is quite popular in the Islamic world, brokers need to approach this customer base cautiously as there are cultural peculiarities to be obeserved. This is why brokers have come up with a solution: Islamic, or swap-free accounts. With these, no interest is paid on overnight positions, however traders are usually bound with additional account fees.
Other brokers, like Liquid Marketsoffer additional perks for swap-free accounts: Hibah. Below is a list of forex brokers that offer Islamic accounts. FXOpen, the Forex broker originally based in New Zealand, has announced isslamic launch of a new office in Egypt's capital Cairo. JustForex, the Belize-registered Forex broker, today announced the introduction of Islamic accounts for its ilamic, but on top of the lack of swaps for such accounts, the broker will not charge any commissions either.
Recent media reports have been informing us of the miraculous development of the financial sector, including Forex, in Nigeria. Read more Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
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What is an Islamic forex account? An Islamic Forex Account is an interest-free account that supports the rulings of Islamic Sharia. In a regular forex trad.
Islamic Forex Broker list. Choose Islamic forex trading broker to trade forex swap free!.
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