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Alfa-Forex has been in the forex industry since The broker is a part of Alfa Group, a Russian consortium with businesses in banking, insurance, investment, a waterworks company and supermarket chains. The goal of this Alfa-Forex review is to inform you of their advantages and disadvantages, so you can make a clear choice whether you wish to trade with them. Traders also can trade demo to get used to the platform and test how everything works, which is a useful asset for beginner traders. The offers with alfa forex broker deposit of the platforms are:. The minimum lot size is 0. The offered minimum lot size is 0.

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Islamic forex trading broker

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These fees are a kind of interest rate and, therefore, they are problematic for Muslim traders who follow Sharia Law, which prohibits certain financial transactions including those which include the accumulation of interest. As a Swap can be seen as a type of interest, a fee for the service the broker is providing you it creates a problem for Muslim traders following Sharia law.

This account type is similar to a regular one, with one key difference; it is not subjected to any special fees or interest, which sits well with the finance principles of Sharia law. In non-Islamic accounts, the risk falls exclusively on the lender. In Islamic eyes, this is considered exploitative and wasteful. AvaTrade is fully committed to providing its traders with a variety of trading solutions to fit their needs and personal requirements.

AvaTrade offers access to the Islamic halal trading of gold and silver. True Islamic gold and silver trading must have physical support in gold and silver. AvaTrade offers those wishing to trade on Gold and Silver a trading account that complies with Shariah rules. Discover Islamic oil trading with AvaTrade today. The price of oil on the AvaTrade MT4 platform is tied to the price of oil futures traded on futures markets around the world. Trade oil without accumulating positive or negative swaps with AvaTrade.

Enter the volatile oil trading markets with AvaTrade. Stock market indices directly linked to global stock markets without accumulation of swaps. Pay only the bid-ask spreads on your AvaTrade Islamic trading account. AvaTrade has introduced its Islamic trading account, fully in line with Islamic rules. Customers with an Islamic trading account will not be charged daily swaps. The swap fees are fully transferred within the MT4 platform into daily administration fees on all Forex trading products.

We offer our clients a solid, secure product, which respects their principles and follows the rules of Islam. AvaTrade is not a legislative institution; therefore do not take this Islamic Account definition as permission to trade. Please verify all trading is in accordance with your beliefs. Obviously the main attraction of the Islamic account is that it allows those who follow Sharia Law to trade on the markets without breaking with their faith.

It also allows traders to stay true to their morals and ethics. Islamic accounts are founded on the principles of fairness and transparency in financial markets. AvaTrade does not offer cryptocurrency trading in their Islamic accounts, however they do offer traditional fiat currency, or forex, trading.

It has been determined by Muslim scholars that forex trading is halal, as long as the trading adheres to several principles, all of which are included in the conditions of our Islamic accounts. Member of HF Markets Group. Toggle navigation. Open an Islamic account. Open Live Account. Open Demo Account. Account Types.

HotForex Latest Analysis. Winner of over 60 Industry Awards. Please try again or proceed as a guest. Account Email:. First Name:. Last Name:. Phone Number:. I have read and accepted the privacy policy. Hello How can we help you today?

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Islamic Forex broker ⭐Best Islamic Forex trading account ⭐

Most brokers only offer support for one or two trading platforms but OctaFX offers Islamic accounts on all three major platforms: MT4, MT5 and. Islamic Broker is Broker with Islamic Account designed for traders following Islamic Finance, which is a specific method of. AvaTrade provides you with an Islamic account without commissions ⭐ Join AvaTrade today and start trading currency pairs.