Islamic Forex - Swap Free Acounts

The Islamic religion has precise rules and regulations in the matters of finance. Islamic finance according to the Shari’a Law or Islamic Law differs from conventional finance, used commonly all over the world.

# Forex Broker Year Regulator
1 FxPro FxPro 2006 CySEC, FCA, FSB, DFSA, SCB
2 FIBO Group FIBO Group 1998 FSC, CySEC, FCA
3 FXTM FXTM 2011 CySEC, FCA, IFSC
4 XM XM 2009 ASIC, CySEC, IFSC
5 XTB XTB 2002 BaFin, CNMV, CySEC, FCA, IFSC
6 Marketscom Marketscom 2008 ASIC, CySEC, FCA, FSCA
7 City Index City Index 1983 ASIC, FCA, FSA, IIROC, MAS, NFA
8 BDSwiss BDSwiss 2012 CySEC, FSC, NFA
9 HYCM HYCM 1977 CySEC, FCA, MiFID, DFSA, SFC
10 AvaTrade AvaTrade 2006 ASIC, BVI, CBI, FSCA
According to Islamic financial principles, the following conventional financial practices are prohibited: Interest called as riba Extreme risk called as gharar Gambling and speculation The generally risky forex trading, when it is practiced in accordance with the Islamic finance principles is called Islamic forex trading. The Islamic forex accounts facilitate practitioners of Islam to engage in forex trading, without breaking the laws of the religion.

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