Forex has become one of the most popular trading vehicles. Many investors are leaving the stock markets and moving their money over to Forex in hopes that they will come out profitable. Forex brokers are bending over backwards to accommodate all types of Forex traders. One way of standing out from the crowd is to offer an Islamic Forex account, which UFX do.
Islamic Forex Brokers
There are hundreds if not thousands of Forex brokers on the Web. Many of these brokers offer Islamic accounts and the below reviews will enable traders to easily find the best Forex brokers that offer Islamic accounts.
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Markets.com Review
Markets.com is a brand and trademark used by Safecap Investments Ltd. The broker has become a major player in the world of Forex brokers. Besides a first class website which includes market reports by major finance experts, Markets.com has many features a Forex trader would need.
Markets.com is a fully licensed EU based broker, regulated by CySEC and FSB.
AvaTrade Review
AvaTrade, a firm out of Dublin Ireland, has come a long way. It was founded in 2006 as AvaFX and has only recently rebranded under the name AvaTrade. Today the brokerage offers a wide choice of financial instruments including indices, commodities, currencies and equities.
AlfaTrade Review
As the Islamic law dictates, Muslims are prohibited from earning interest when trading. In order to make the trading process simple and possible for clients following the Muslim faith, Forex brokers offers interest-free Forex trading. Continue reading
eToro Review
The Forex broker industry is overflowing with options. There are many different brokers all trying their hardest to capture the trader’s attention. Then there are some brokers who truly stand out from the crowd and eToro is one of them, especially when it comes to the eToro Islamic account offering.
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Liquid Markets Review
Founded under the name Tadawul FX in 2006, the company became Liquid Markets in 2012. LQD Markets Ltd is licensed and regulated by Cyprus Securities and Exchange Commission and complies with all the CySEC regulations. The company is headquartered in Cyprus.
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bForex Review
bforex was established in 2007 and is based in Cyprus. It is regulated by ASIC (Australia), CNVM (Romania), CySec (Cyprus) and Banco Central del Uruguay (Uruguay). Continue reading