Friday, September 22, 2023
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

5 Shariah Broker for Muslim Trader

gotradingasia by gotradingasia
5 years ago
in Asia News, Broker News, Forex Tips

Shariah Broker becomes a choice for a Muslim trader who wants free from the risk of riba.

As the internet grows among society, a new practice started in the formed of the satisfaction to afford money in quick and easy way such as placing trading forex.

For Muslim, asking about the halal status of this business is natural. Is it related to riba or not as a profitable sharia investment choice and free riba.

However try not to be worried, MUI (Majlis Ulama Indonesia/Indonesian Ulema Council) gave fatwa stated that trading forex allowed with a condition: it does not have speculative because the way trading started differently with gambling.

RelatedArticle

Kakao Pay Rapidly Grew in China

Samsung Smartphone’s Sluggish Performance Affects Vietnamese Economy

Nvidia’s Earnings Spark Interest in AI Sector

Country Garden Avoids Default with Bond Repayment Delay

For that reason, you can partner with brokers who provide a swap free account or sharia account. Indeed, they facilitate beneficial rules based on religion principle for increasing broker market segment.

Here are the recommendations of brokers provide sharia account which is important as a trader:

1. Instaforex

This Russian Broker very popular among Indonesian trader. Instaforex widely known provides trading services which support client transaction in money market.

Not only that, but the broker also known as trusted forex broker regulates from financial monitoring services of Russia (FFMS/ the Federal Financial Markets Service) so that you do not have to worries with your financial security.

Furthermore, Instaforex provides sharia suitable trading platform for Muslim trader in Indonesia or all around the world.

2. OctaFX

Still from Russia, OctaFX provides sharia trader means it is interest-free. Moreover, the broker has low spread with high leverage with value until 1:500. It means you get an opportunity to have a high profit.

OctaFX also ensures the client to have smooth pleasant trading experience with advanced technology.

This broker also allows the client to use a convenient trading technique with their character so that can be said OctaFX is suitable for scalping.

3. FBS

FBS established its business operation since 2009 and 2 years later in 2011 open the branch in Indonesia.

The broker provides Sharia account so it can develop rapidly in the Muslim majority country. Moreover, FBS also develops a program of forex trading in every education center.

You only need stock around USD 1 to sign up on FBS real trading account. The trader has opportunities to earn additional bonus until USD 5 for cent account with leverage 1:2000

4. XM

You need to know the sharia account only for Muslim trader so XM will complete a strict selection.

You can request free swap account to XM broker on all type of account if you provide verification terms while sign up your account.

5. Exness

This Russian broker established since 2008 provide free interest account that can be an option for Muslim trader. Exness has regulation from FCSM and to open your real account you need deposit only USD 10.

While for beginner trader with limited fund, they can have profit with leverage until 1:1000.

Read more: 4 Types of Forex Traders

Tags: brokermuslim tradershariah broker
gotradingasia

gotradingasia

Related Posts

Kakao Pay Rapidly Grew in China

by D. Atika
September 19, 2023

In China, Kakao Pay is rapidly expanding its "payment territory." The convenience of being able to use the Kakao Pay...

Read more

Samsung Smartphone’s Sluggish Performance Affects Vietnamese Economy

by D. Atika
September 11, 2023

Nikkei reported on the 11th that Samsung Electronics' sluggish smartphone business is negatively affecting the Vietnamese economy. As Vietnam is...

Read more

Nvidia’s Earnings Spark Interest in AI Sector

artificial intelligence (AI)
by Putriyana
September 10, 2023

Nvidia's recent earnings report has rekindled interest in the artificial intelligence (AI) sector within the U.S. stock market. It's no...

Read more

Country Garden Avoids Default with Bond Repayment Delay

real estate
by Putriyana
September 9, 2023

Investors in the beleaguered Chinese real estate giant, Country Garden, found solace on Monday. Because local creditors reportedly granted approval...

Read more
Load More
Next Post
Forex news

4 Forex News Events to Watch

Trending Issues

  • Cristiano Ronaldo makes Coca-Cola losing millions businesses

    Cristiano Ronaldo and His 6 Successful Businesses

    0 shares
    Share 0 Tweet 0
  • The Fed Maintains Key Interest Rate

    0 shares
    Share 0 Tweet 0
  • 5 K-Dramas to Watch for Some Money Lessons

    0 shares
    Share 0 Tweet 0
  • Projecting Investment with Alpha Approach Pt. 2

    0 shares
    Share 0 Tweet 0
  • The Pros and Cons Using Western Union

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In