Forex IslamicFounded 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.
Initially concentrating on markets in the Middle East, since its transformation Liquid Markets has been a provider of premium brokerage services for Forex and CFDs for the European markets as well .Today Liquid Markets caters to the Islamic community with its Islamic Forex Account.
Trading Platforms
Like most other Forex brokers, Liquid Markets uses the MT4 trader platform. It also offers the cTrader platform which gives Liquid Markets clients fast trading execution. The cTrader trading platform is relatively new. It uses an ECN platform which ensures the trader the lowest spread possible and is perfect for active traders.
Liquid Markets uses its own version of the popular Forex autotrading platform, ZuluTrade. EA’s or robots are systems that automatically execute a trade designated beforehand. They allow traders to sleep through the night knowing their trades will be executed at the right times and price.
Another trading platform offered by Liquid Markets is Currensee. Currensee uses social networking to bring together active traders to make financial decisions based on transparency and trust.
Mobile versions of the MT4 and cTrader platforms are available to traders any time of the day and from anywhere in the world.
Accounts
With a minimum deposit of $2,000 a trader can choose among four different standard accounts, all adaptable to the Islamic Forex Account. There are Premium and Mini MetaTrader 4 accounts and Liquid Prime and Liquid Prime + cTrader accounts. The MT4 accounts offer narrow, competitive spreads, 1:500 leverage and no commissions.
Depending on the types of trading account, all clients are given the choice between a fixed or floating spread.
Islamic Forex Accounts
The Liquid Markets Islamic Forex Account is run according to strict Islamic rules. Interest or swaps, known as RIBA, are not charged on overnight trades. Positions are allowed to remain open past midnight but there are no losses or profits on their positions.
Since Islamic Sharia law does not permit leverage of any kind, accounts are run without any margin allowed.
In addition, all Islamic Forex trading clients are obliged according to Islamic tradition to make mandatory annual payments, or Zakat, towards religious or charitable purposes.
Liquid Market offers a 24/7 support service including chat, email, or a call back request. Great service together with its other outstanding features which include a broad array of educational materials, low spreads, reliable trade execution and a wide choice of assets, add up to make Liquid markets a quality Forex broker.