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The reason they are called Islamic Forex accounts or Shariah forex accounts is not because you must be a Muslim to open an Islamic Forex account. That might cause legal problems. The reason they are called Islamic Forex accounts is because they were created to meet the needs of the Islamic trading community.
According to Islamic law, or Shariah law, it is forbidden for Muslims to expect anything in return for their giving, and it is therefore forbidden to pay or accept any sort of interest in the financial markets.
This is very relevant when it comes to the Forex market and the concept of rollover fees. Rollover fees are interest fees that Forex traders pay when leaving a position open overnight. They are also referred to as SWAPs and are intended to cover the fees that the banks charge for leaving transactions open overnight. Islamic Forex accounts are therefore Swap free Forex.

the primary characteristics of islamic Forex trading accounts:


Swap Free Forex Account: In Forex trading, when traders leave positions open overnight, it is referred to as a rollover. This usually entails rollover fees, but when trading with a Forex Islamic account, these fees are waved.

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Forex is an overall decentralized market for the trading of financial structures. This consolidates all parts of buying, offering and trading money related structures at present or chose costs. To the extent volume of trading, it is by a wide edge the greatest market on the planet. Like forex binary options trading is in like way unavoidable. If you are joined with options trading attempt lxmarkets.com ! It is a regulated broker

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Trade currencies became the largest turnover in transactions every day, the speed gain or losses become major feature, transactions based on the value of the offer that is on the interbank market from the central banks of each country
 
 
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