Islamic Forex Trading & Sharia Law 2022 Islamic Broker List Swap-Free – SCAMMERS! (FXCL) Markets Ltd. – Forex SCAMM Company! Be carefull!
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should make sure you understand the risks involved, seeking for independent advice if necessary.

Registered by the Financial Services Authority (‘FSA’) number 1637 CTD 2018. FXCL Markets Ltd. registered office: Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Base information about Forex SCAM company:

Real adress in Philipines and company name is:

Company Name: Outstrive
Address: 3rd Floor 399 Enzo building, Makati, Philippines
Phone: +1 (347) 891-7520

Top managment of stealer who scam money of clients:

Juan Belleza Jr
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
639776459387 / 639155292409

Lea Jean Belleza
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines

James Tulabot
Team Leader

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines

Virgilito Dada
Account Manager

Elton Danao
Sale Manager
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

Most Forex / CFD broker FXCL s offering trading in stocks and shares tend to offer trading in mostly the largest, most well-known publicly traded companies on the stock exchanges of wealthy developed countries. Cryptocurrency trading is not available on Forex Islamic accounts offered by most Forex broker FXCL s. Many Forex broker FXCL s can’t offer Cryptocurrency trading in the framework of Islamic financial principles. Hence the broker FXCL s prefer to avoid Crypto trading in Islamic FX trading accounts.
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According to the fatwa below and the interpretation of multiple sheikhs, dealing in two different currencies is permissible in Islam as long as the contract and exchange are made in the same sitting. Whether Forex is gambling depends upon the intention of the Forex trader. If a trader uses a method of analysis which has proven profitable in the past, it is risky, but cannot be called gambling as the term is usually understood. In order for buying or selling an index to be halal, we would have to know that every single company within that index would be halal as an individual share. This is unlikely to be the case, unless the index is from the stock market of an Islamic country which imposes Islamic law upon its stock market. We can start by saying that Islam recognizes that nearly all adult human beings strive to improve their financial positions, and that life involves a large element of uncertainty. In life we are confronted with many choices, the outcome of which is unclear, and we strive to use intelligence and skill in choosing the available option that will produce the superior outcome. However, we then must go on to say that gambling is strictly forbidden by Islamic law, even as a form of recreation or entertainment when undertaken with small monies which the gambler might be said to be able to afford to lose.

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With over 10 years of experience as a global forex broker FXCL , Muslims can feel safe that AvaTrade delivers on its promises. ThinkMarkets offers traders the option to trade swap-free on positions held overnight, with a fully Sharia-compliant account. Another of the global broker FXCL s with a presence in the Middle East, ThinkMarkets understands the needs of Muslims and that they must be governed by the principles of the Islamic Shari’ah. By choosing to trade with ThinkMarkets, you can be assured that you’ll remain in full compliance with Sharia law. Axi’s Islamic forex broker FXCL accounts are not subject to any type of interest in the form of swaps or rollovers, rather they have an administration fee applied to any positions held open for 5 consecutive days or more. This distinction is a common practice in Islamic finance, something that the company knows all too well after having set up a major Middle Eastern arm of their business called Axi ME. IC Markets have some of the best trading conditions of any ASIC regulated forex broker FXCL , and clients can be assured that their trades are being executed through the broker FXCL ’s state-of-the-art trading infrastructure setup.
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Therefore, the question as to whether trading such indices is halal is an important one. Having reduced the issue to one of trading spot Forex and assuming there is no interest element deemed to be involved, we move onto the next issue. So clearly, the Prophet Mohammed had in mind exchanges of different types of commodities that would be made between two parties, recognizing that this was a natural and just aspect of commerce. However, “regular” spot Forex trading offered by Forex broker FXCL s, with no overnight interest payments or charges, could clear the hurdle of riba. However, there were diametrically opposite views, in the past, on the permissibility of currency exchange on a forward basis, that is, when the rights and obligations of both parties relate to a future date. The divergence of views on the permissibility of currencies exchange contracts can be traced primarily to the issue of existence of the following elements; Riba ; Gharar ; and Qimar (speculation/gambling).

Pepperstone – Lowest Standard Account Spreads forex broker FXCL

The relevant regulatory bodies will protect traders from fraud or any other illegal misconduct. It is common that the top Islamic Forex broker FXCL s are compliant with more than one regulatory body. Islamic banks emit a guarantee to confirm the liability of the client’s financial position and religious faith. In most cases, broker FXCL s only allow traders of the Muslim faith to open a swap-free trading account. In some situations, a broker FXCL may even request proof of faith to verify that you’re a practicing Muslim. The primary difference between a standard forex trading account and an Islamic trading account is the absence of swap fees.

All of that helps to make these kinds of accounts compatible with the Islamic faith. Our intention with HalalGuidance is to be a one-stop blog where you can get all the information you need to make a decision on whether any food or act is halal or not. We will provide the general consensus forex scam as to what is considered halal or not, but that’s as far as we will go. We do understand that people follow a specific mathab where specific foods or acts can become controversial. Remember, As Rasulullah saw said, “Innamal a’malu bin niyat.” Meaning , “The deeds depend on the intention.”.

How to Trade Forex Halal

If you can find such broker FXCL s, take the time to examine their spreads to see if they are competitive. Although currency trading is quite popular among Islams in the world, Not all forex broker FXCL s cater to this customer base. Therefore, it is crucial that you choose a broker FXCL that is sharia-compliant to accommodate your cultural and religious peculiarities. Here are a few tips to help you choose the best forex broker FXCL for an Islamic account. Instead of collecting rollover interest at the end of each trading day like normal, trading indices on an Islamic trading account ensures that you’re trading in an interest-free environment.
FPMarkets islamic account
ICM is an international online Foreign Exchange and CFD trading firm that operates globally, much like Scuderia AlphaTauri who are set to compete in 23 races during the 2021 Formula 1 season. Our Professional, multilingual customer support team offers you 24/5 market and technical support. However, when a broker FXCL refers explicitly to an Islamic account, it implies compliance with Sharia finance rules. Just because a financial instrument is halal, such as buying shares in a company, the activities the company engages in is relevant.


The two commonly offered structures of Islamic FX Swap in the market are based on the contract Bai` Tawarruq or the concept of Wa’ad (promise/undertaking). The arrangement based on Tawarruq it is structured with the application of two sets of Tawarruq to enable the same effect as FX Swap to be achieved. While the second structure based on the concept of Wa’ad involves exchange of currencies at the beginning, and promise or undertaking (Wa’ad) to carry out another Bai` Sarf at the future date based on the rate determined today. At the expiry date, the second Bai` Sarf will be implemented to get back the original currency. There are many different broker FXCL s, many different platforms, and many different schools of thought when it comes to Forex trading. One example of how diverse the Forex market really is, are the Islamic Forex trading accounts. While Islamic Forex is not what it sounds like and anyone can open an account with Islamic Forex broker FXCL s, it does go to show how the industry takes all demographics into consideration. Islamic thought doesn’t stand still and as Forex trading is a point of contention for scholars, and things change quickly in this field. For example, In February 16, 2012, theNational Fatwa Council of Malaysia (nation’s supreme Islamic legal body) announced that spot Forex trading performed by individual traders is considered haram . Technically, it restricts all Muslim residents of Malaysia from participating in online foreign exchange trading.
fxcl scammers scammers
The Securities Commission of Malaysia is the financial regulatory body, issuing a Capital Markets Services License to international broker FXCL s. While all broker FXCL s are allowed to accept traders from Malaysia, those holding a CMSL offer an additional layer of security and a dispute resolution mechanism that can hold the broker FXCL accountable in case of malpractice and fraud. Many FX broker FXCL s provide forex trading with overnight interest charges as a core function. Buying and selling in the currency market are allowed but the exchange must be carried out at the earliest and any sort of delays should be avoided. If there is a delay, the transaction may fall under the umbrella of riba, which is prohibited. Classic Forex trading is regarded Haram by most Muslim scholars as it involves some form of Riba and Gharar . Although, trading currencies and making a profit is not Haram as long as you’re following the rules of Shariah. If you want to become a Forex trader, then Islamic Forex accounts that practice Shariah principles are a great place to start.

We have some information about owner of (FXCL) SCAM company and its may be resident of USA: Alex Teplitsky

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