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Open your forex birds trading account today to discover what it’s like to trade with a broker flying by your side. Forex broker, forex trading, online forex trading, currency trading,trading account, best forex brokers,best forex trading platform 2020,top forex brokers, best forex brokers for beginners, trade, what is forex trading and how does it work?, FX trading, how to start forex trading?, how does forex trading works?, how to trade forex for beginners?, how do I start trading forex?, how to open forex account, how to open forex trading account?, forex demo account, what is the best forex broker for beginners?, reliable forex broker 2020 | online forex trading |fx market, forex brokers in india

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Deposit the fund you wish to trade

Open your live trading A/c and start trading

Works on any platform

Download MT4 on your iphone or android device and dive into the markets in a moment notice. Forex broker, forex trading, online forex trading, fx trading,trading account, best forex brokers,best forex trading platform 2020,top forex brokers, best forex brokers for beginners, trade, what is forex trading and how does it work? FX trading, how to start forex trading?, how does forex trading works?, how to trade forex for beginners?

Search for "metatrader 4" in the app store or google play store.

Download the mt4 software.

Open the app and click on profile, now you can see + symbol, click on that symbol.

In the find broker search feild, search for forex birds, choose demo or live account.

Download MT4

The metatrader 4 platform has an excellent interface. It is simple and easy to use for forex and futures traders. Forex broker, forex trading, online forex trading, fx market,trading account, best forex brokers,best forex trading platform 2020,top forex brokers, best forex brokers for beginners, trade, what is forex trading and how does it work? FX trading, how to start forex trading?, how does forex trading works?, how to trade forex for beginners?

Download the terminal by clicking on download MT4 button below.

Run the file after it has downloaded.

When launching the program for the first time, you will see the login window.

Enter your real or demo account login data.

Download MT4

Top 10 unlimited forex demo account for 2021

Top rated:

When you decide to begin in the world of forex, demo trading accounts are an important first step that you may decide to take when trying to choose from some of the best forex brokers around.

Starting out with a demo trading account is not just for beginners though, this is something you can use as an experienced trader to get to know more about almost any broker, how they operate, and the trading platforms that they offer.

Throughout this article, we will explain what are the forex brokers where you can get the best demo account with NO time limitation and how you can get the most out of your demo trading account with all of the top forex trading brokers in the industry.

What’s a demo account?

If you are not already aware, demo trading accounts are offered by almost all of the top forex brokers. This is a risk free way in which you can learn more about every broker as a forex trader or if you are involved in CFD trading.

These accounts are offered on a trial basis typically with an amount of virtual money that you can risk. This prevents you from possibly losing your own money while you get to know the trading platform of each broker in more detail. These demo trading account trial periods may be limited in terms of the duration you can use them, or they may also be unlimited. This decision is up to the particular forex broker.

As well as risk free trading in which you cannot lose your money, it is also a chance to find out more about the regulation of online trading under each authority and within the cfd trading or forex broker. This can be helpful in knowing what kind of leverage is available as well as other things such as how account types and funding methods work.

Within this top 10 demo trading account piece, we have collected a range of top brokers who offer demo trading accounts which do not expire, and who also provide access to a large selection of account types for you to choose from as well as trading platforms like the well-known MT4.

This, along with dealing in a range of assets and CFD trading in the likes of cryptocurrency and even copy trading demo accounts, can really help you to better understand the industry as a forex trader and the direction you would like to take.

Top10 unlimited forex demo accounts

The following are 10 of the best brokers offering exceptional unlimited demo trading accounts that we have reviewed and feel would be the best choice in your search for a well authorized and regulated broker.

1. XTB

Looking at XTB, the broker offers both standard and pro accounts for you to choose from as a trader. Both of these account types do come with a demo trading account also available. This demo trading account unlike some others, does not expire. With that said, it may be closed if you have not trading in a 30 day period.

Often, you go to as a trader is currency trading and the ability to trade in one top currency pair or another. In this respect, the XTB broker offers a choice of more than 45 forex pairs across both of these XTB account types.

The XTB spreads are also highly competitive starting from just 0.1pips on some major pairs. If you are more into CFD trading, then you can also sample this within the XTB demo trading account at no risk to your real money whatsoever.

There are more than 100 cfds to choose from in various categories such as indices, commodities, futures, etfs, and a selection of 25 cryptocurrencies to choose from. An XTB broker review will show that they apply a 0.08% fixed commission to every trade and then a possible $3.50 per lot traded commission which depends on the account type you select.

When it comes to trading platforms you can try out and that are available as part of your demo trading account, XTB offers MT4 and xstation. Finally, in terms of fees, the broker does offer some rollover-free accounts although not in every country so you should check with their support team particularly if you are a islamic forex trader.

With XTB you also have the chance to further your development by taking advantage of a strong educational infrastructure through videos, tutorials, webinars, and more to help you grow as a top forex trader.

Forex no deposit bonuses

Presented free bonuses are a great way to learn about the forex market. By real cash trading, you can feel the emotions and pressure related to the struggle for earning real money. No deposit require bonuses are the best option to start trading without the risk of losing your own money. Here you will find the best no deposit required bonuses offered by forex brokers. Information are regularly updated. Click “broker review” to view details of broker or “more information” to view details of promotion.

List of free forex no deposit bonuses 2021

Featured forex no deposit bonuses 2021

Forex no deposit bonuses 2021

No-deposit bonuses, which require or may require a deposit in order to withdraw them or profit

Ended bonuses

Is it really free money?

Yes. Brokers offer free bonuses with real money. They are free but require you to do certain activities to receive them and to withdraw them.

Can I withdraw no deposit bonus?

It depends. Some bonuses can be paid out and others cannot. On the other hand, almost always profit is withdrawable.

What should I check when choosing a bonus?

– terms and conditions, the bonuses with the detailed rules are much more reliable
– possibility and requirements to withdraw the bonus
– countries where it is available
– verification procedure, required documents
– possible fees for inactive account

Why brokers offer forex no-deposit bonuses?

To promote themselves. It’s a great way to encourage traders to start trading with the selected forex broker.

What is the difference between no deposit bonuses and deposit bonuses?

No deposit bonuses are incentives that are very rare. Getting this means that the broker is shelling out something to get the investor without receiving a deposit. However, it is best to read the fine print on any advertisement and clarify the information before deciding on this. As opposed to the no deposit bonus, forex deposit bonuses are promotions that are given to new traders who deposit investment money for the first time. There are some brokers who offer this every time additional money is deposited to the account.

What’s new?

Forex4you – trading hero contest

Justforex – 2021 trading contest

Promax – 10% deposit bonus

Hotforex – 100% supercharged bonus

Seven capitals – real $100 account

117 COMMENTS

Friends. Do not enter these brokers, they are thieves. Brokers have to offer an ECN account welcome bonus

Thanks you are doing great things

Scam scam scam scam scam and big scam
windsor brokers free account $30
I make 31.40 profit when i send to request for withdraw my profit my account is terminated and after received this mail.
Please be informed that the company is not able to verify your identity and therefore may not allow you to proceed with the opening of a trading account as of the 10/07/2020.

So, guys please, don’t waste you time on windsor brokers

Thanks for advice, which one is better?

Can someone here please recommend a trustable NDB broker,really really needed.Thanks for the help in advance .Stay safe!

I once traded with them but only my luck of knowledge…..But they are cool!

As long as the road is right, you are not afraid of the road

Od, and problem solving are concerned as wel facebook.Com

Comment: fund your own account if you don’t want sh***t to happen. These bonus things are have impossible T&C’s, some of the rules change during the course of the trading journey

Traders never ever trade with extreme forex because they are extremely scammers.I traded with their no deposits bonus and completed 5lots with 3weeks but they didn’t allow withdraw

There is no single bonus of new bonuses without proper deposit
all – other than it’s small and trivial – are also false
each of the companies that advertise their offers sets conditions that are impossible to meet
please contact the site management to review these bonuses and make sure they are serious and credible
if I found false do not enable this company to advertise on the site
because these companies are fraudulent and advertising through the site will cause the site to lose its credibility
I hope to work and repeat please that the administrators of the site work with this advice
thanks management site

Ive been try for the freshforex no deposit with bonus of 2019.. I have been trade for 7 days after they withdraw my profit 112 dollars this is. A big scam bonus.

25% deposit bonus
open a new live account and receive a deposit bonus up to $500.

The following terms and conditions apply:

The bonus will be deposited together with your initial deposit.
The minimum deposit for the deposit bonus is $500.
Once we have received your deposit, we will add 25% more in your trading account as a credit, for example if you deposit $1000, we will add a $250 credit, for a $2000 dollar deposit $500 will be added etc.
The maximum deposit bonus credit is $500.
The bonus credit can be withdrawn after the total volume of traded orders reach bonus size divided by 2. For example if your deposit is $1000 and bonus $250, in order to withdraw the bonus, you need have traded at least 125 full lots during the past 6 months.
The campaign applies only to new clients unless invited separately.
Only one deposit bonus is allowed for each client. Family members are not considered as new clients.
The bonus credit cannot be used for margin. If your account balance drops to 20% of your original deposit, the bonus credit will be removed.
Max leverage for accounts with the bonus credit is 1:200.
The bonus has to be requested separately after your account has been activated.
Assetsfx reserves the right to make changes to these terms and end the campaign at its own discretion without any prior warning.

Instant cash back
open a new live account with at least $500 and receive $1.50 instant cash back for each lot you trade!

No need to wait until the end of the month and calculate if have you opened enough trades. We return immediately $1.50 per lot to your account as soon as the trade has been closed.

The following terms and conditions apply:

The minimum initial deposit for a new account is $500 or equivalent in BTC.
The promotion applies only to new clients or returning clients who have not traded their account for at least 6 months.
The bonus has to be requested separately after your account has been activated.
Applies only to forex pairs and metals.
Cannot be added to an account which has been signed under an IB.
Cannot be combined with any other promotion.
Assetsfx reserves the right to make changes to these terms and end the campaign at its own discretion without any prior warning.

Windsor is a scam broker i applied for no deposit bonus when i made 71$ and place the withdraw request they refused and replied you are not entitled for this bonus i advise all the brokers please please don’t waste you on windsor this is a shit broker………

هi trade with them and i take my profit bro i toke 131 dollar

Tell meh about broker you use plz
claudyjumaa@gmail.Com

Which broker did you use,sir?

Roboforex scam don’t open account with them I, after my account verified they said I can’t get 30 bonus

Roboforex is indeed a scam after I verified my doc the say antifraud won’t allow me to receive a bonus

From what I read. You need deposit $10 using your own bank card in order to get the bonus. Please read the terms before registering to any of bonus offered.

Thanks for advice, which one is better?

Hello I just want to know which broker I should open please I open FBS n when I withdrew their tell me stories

It sucks in mongolia, scammed many traders, have issues with withdrawing and pricing. Also it sucks it disapperas money from account (used, regretted, not recommended at all.

XM ер нь хамгийн сайн нь байх гэж бодож байна найзаа. Яагаад гэвэл шалгуур болон боломж нь илүү найдвартай байдаг шд.

Withdraw хийхэд дажгүй болоод л байдаг шд. Удаан л болохоос *hehe*

Haha..I know this brooker very well. I dont wanna lost even bigger with them.

I start my trade with xm and he is the best broker my son introduced me and now I experience myself that he is one of brokers i chose and i recommend my students also to register with xm with 30 no deposit bonus you can make good profit

What are the requirements or terms and conditions before you withdraw ur profits you made by their bonus?

Tell me about they keep saying staff that don’t make sense hot forex is the best

Actually I use FBS withdrawal is easy

WELCOME BONUS OF USDT 100 ( no-deposit bonus )

Inoex exchange offers you the free funding of USDT 100 as welcome bonus to commence risk-free crypto trading.
As, we have integrated meta trader 5, we are pleased to offer ease in trading using salient features of meta trader 5.
Bitcoin, ethereum, ripple; these are some of the highly traded 30+ crypto currencies that you can trade against USDT in meta trader 5.
And the best part is you can trade these at leverage of 1:100. This means you have high margin of profitability as you can control and manage your trade with more sophistically.

When it comes to withdrawal, we offer instant withdrawals on profits made by using USDT 100 welcome bonus. (T&C applies)
our dedicated support team is available 24/7 to help you out of any problem, if any.
In short, inoex gives you the free balance to trade in meta trader 5 and you will have instant withdrawal of profits from the trading.

Terms and conditions
for USDT100 welcome bonus, you are required to open account with inoex exchange
to avail the USDT100 welcome bonus, you are required to request by contacting us
welcome bonus will be credited to your meta trader 5 trading account
this welcome bonus is in the ownership of the company and is not cash-able
30+ crypto currencies are available for trading including bitcoin, ehtereum, and ripple
the profit can be withdrawn at any time, as long as the equity is at least USDT 100
if the equity is less than USDT 100, withdrawal will be rejected
maximum profit, which can be withdrawn, is equal to USDT 200
withdrawing the profit, welcome bonus and all remaining profit shall be taken out from the trading account
to withdraw the profit, client must deposit at least USDT 100 in the trading account
to withdraw the profit, client must commence trading of 10 lots
the welcome bonus has unlimited duration and can be cancelled at any time on sole discretion of the company
profit earned using welcome bonus is also under the ownership of the company and can be cancelled at any time in sole discretion of the company
it is strictly prohibited to get the welcome bonus again by using a new registration or new trading account
by having this USDT 100 welcome bonus, you agree to the right of the company to cancel the bonus and all profits obtained through the bonus at any time without giving any reasons at sole discretion of the company

Đã nêu chương trình khuyến mãi không cần ký gửi mà yêu cầu phải nạp 100$. Khác gì lừa đảo.

I have profit from broker amega with use promo 222 usd account and i withdraw my profit 22.39 usd from my account 1000016874

I have profit from broker amega and i withdraw my profit 22.39 usd from my account 1000016874

I’m just starting trade with amega no deposit bonus $222.So far this broker is very fast when you close your order.My friend have two times withdraw with no deposit bonus $222.So I recommend this broker you should try.

Many of the bonnets without filing have become unreal
so we ask the officials in the site not to announce them so as not to lose credibility
examples of these bounses:
1 – XM group
2 – kirik markets
3 – forexchief
4 – corsa capital
5 – fxplayer
6 – upforex
7 – CF merchants
8 – fxreino
9 – fxlinked
10 – windsor brokers
11 – emporio tradin
12 – N1CM
13 – FW markets
14 – world forex
15 – paxforex
16 – fortfs
17 – fxgiants
18 – tradevest
19 – continue FX
20 – honor FX
all these companies are fraudulent

XM GROUP is exempted they can be trusted

Si asi es yo retire 1000 dolares de ahi en xm si se puede comerciar

Fraudulent as [moderated] XM

Comment: i give signals, will you try it out.

Uniglobemarkets is offering $100 no deposit bonus
NO deposit bonus $100
https://www.Uniglobemarkets.Com/fb-no-deposit-bonus/

The terms are so unfavorable. 15 lots so many to meet for one to be able to withdraw, no joke when dealing in a volatile market.

I want a no deposit trade

Following no deposit bonus promotion, there are rules to look for. Many traders are late aware of the shortage because they do not really understand the rules. If it is like that, then it doesn’t matter how good the trading, it will not bring desired profit. Therefore, before signing up for a no deposit bonus, understand carefully every policy specified by broker. If you object to the rules, it’s better to leave early than to regret later. After all, no deposit bonus promotion not only available in one broker. Every traders are free to choose the most ideal no deposit bonus promotion according to their condition.

Hello. My account 26258 REALTRADE. I trading profit 70 eur and withdraw to skrill. I waiting money 10 day and support silent…. Broker scam! Carefully.

Https://fxfinance-pro.Com very good brokers offer $100

How do I claim the bonus?

I’ve used windsor and I traded and made 32$ profit and I did withdraw to webmoney they approved my request very fast

If you want a real NDB that you have dreamed about, unlike any other, join the fxfinance-pro promotion before it ends. No limits on profit! Only 1 lot per $10 requirement! No restrictions!

I am so tired of reading bogus reviews running down brokers with this word “scam”. I can bet that most of them are made by people without proper ID or they have used irregular trading methods to obtain profits and lot requirements. These reviews are made in frustration and provide no help to those of us who are looking and searching to kick off their trading careers with a NDB. One of the purposes of no deposit bonuses is to attract new clients and for the broker to test trading conditions. You cant expect to just take something and not be prepared to give something back in good faith. They cannot do their research if you are not trading in a normal fashion.

Another thing is that if you are stupid enough to allow an “advisor” to take over your account and do your trading for you then you shouldn’t cry when you lose all your money. Just because you lost all your money on a bad trade doesn’t necessarily make that broker a “scam”. It is the name of the game. You must know when to pull out of a bad trade before you lose everything. Make your own decisions on when to trade. There are no fantastic “once in a lifetime opportunities” to be missed in this game. Don’t let anyone try tell you that! The stock market exist with thousands of instruments breaking out in all directions every minute. Things go up and down all the time 24/7 365 days a week. Every one is an opportunity not to be missed. Have read fundamental analysis by top “financial experts” saying completely different things on the same day on the same trade. I have read multiple experts all saying the same thing and the market failed to respond. No one knows for sure. Do your own research and use and trust your own instincts. It must be great to be an advisor and play with other people’s money! Their advice is not flawless. They have nothing to lose and will gamble with your hard earned savings without a shadow of regret. Sometimes their job might be to in fact make you lose your money in the case of a market maker stock broker (as opposed to ecn or dma) who would benefit from that, and to get their commission. Their instrument for making making money isn’t the stock market, it’s the telephone! How can you trust someone who you have never ever seen?

That doesn’t make market maker stock brokers a bad thing. I would warn people not to accept a mentor. Be careful if you are asked to provide credit card pics revealing all the numbers or asked to give the numbers over the phone. Don’t give verbal agreement to allow the operator to make a deposit. Only make deposits within an encrypted website. It is possible that account managers act on their own scam operations within good brokers in their greed to earn more commissions. I have no doubt there are some brokers that are complete scams though.

Who can you trust? That is what these reviews are for. To give useful information. Sometimes you may even get a review site that looks good but is a part of a scam and will adverise the scam broker included with the good ones! You can’t just accuse everyone you don’t like as a “scam” or because they didn’t open your account. To “scam” means to steal something valuable from you. If you didn’t make a successful withdrawal from a NDB does NOT mean you got scammed. You can’t get scammed out of a no deposit bonus. You have absolutely nothing to lose except your ID theft at the worst. The only way to do your research and avoid getting
your ID information stolen is to read reviews. Just bear in mind that most of the reviews are bogus and not a true reflection of the broker. If you were not successful with a NDB does not mean that you have been scammed. They have the right to cancel the agreement at anytime and it is the basic agreement of every NDB. They do not have to provide a reason and spend time negotiating on your credibility. I would say that most of the people pointing the scam finger are themselves guilty of doing the scamming or guilty of some dodgey move. That is why they were not paid out. It’s a pity that successful withdrawls are rarely posted.

NDB’s are there for us to learn from our mistakes, and if you are very very very lucky you will be able to actually begin a trading career without an outlay. Most of the time it is just a deposit bonus in disguise. It is very difficult to make any success with anything less than $100 so a lot of them are just a waste of your time. Some of them require you to close 50 lots to achieve $25 which is only available if you deposit another $25!

Like you I have also lost many NDB’s with almost every broker out there trying to get off the ground. I hope that you have learnt your lessons through these experience as I have.

So far I have been lucky with fxfinance-pro. I haven’t made a requested for withdrawal yet, but I have faith that these ruskies will honour the agreement. They don’t have online chat or account managers calling you every five minutes, but if you have a problem their support will get back to in around 24 hours.

Posting this review is not part of their bonus agreement although you do have to make a repost on a russian site merely explaining the terms of the bonus. They do not pay you to make reviews like this, so before you accuse me of working for them, f@# you in advance.

I put my cock on the block and recommend fxinance -pro for a REAL and proper NDB that can get you started and a russian broker you can trust.

Am so happy with this review because likes you just said I have lost many NDB and just lost one today with a very big lesson out of it which made me to start another search again for another NDB and I guess I have found one and strongly believe that this very one will get me started. Thanks.

Hi, bro. I’m a beginner in this world and reading you I noticed you know a lot about it. I would like to talk to you about trading. Can we? Here is my phone number to chat via whatsapp +57 (310) 770-7998.

Ilqar august 7, 2017 at 6:01 pm

Terms & conditions of no deposit bonus

To take part in the promotion, you need to be a client of “GICM” with a real account and verified personal details
minimum withdrawal is 25 USD
bonus amount can’t be use for internel transfer
account should be maintained with us for 30 days
trades should be done as per our terms and conditions
only profit amount allowed to withdraw and it will be processed in any of our payment methods in the direction of company.
The bonus can be awarded once per household or IP address or phone number or a customer.
Good groker il like it
reply

Well, I do find fresh forex as a good broker. I utilised their no deposit bonus and made profit from trading and withdrew without a problem after fulfilling the necessary lots. The speed and execution on their ECN account is great, the customer service is very helpful. No commission on deposits and I am actually impressed with the overall service, so far so good. I recommend.

Why on their terms and conditions written that you should deposit funds similar to gained profit for you to withdraw?

I believe capital one is a scam, the way they spam is so serious.

Totradefx $15 no deposit bonus

The best no deposit bonus offer is back from totradefx.. Register now and get $15 absolutely free.. Best conditions to with draw bonus

These are good brokers XM, fx pro, iron FX and hot forex.

WTF iron fx just askme to deposit 40k to start trading…

Open forex trading account with paxforex

Paxforex offers a full range of services for international trading in the forex market and provides an opportunity to enter into contracts with instruments such as stocks, precious metals, and commodities. One of the fundamental factors of successful trading is the choice of forex broker through whom you conduct transactions. We want to draw your attention to some advantages of forex trading with paxforex, which will allow you to trade in financial markets with more comfort, more convenience, efficiency, and ease.

Free trading account opening benefits

Quick and easy forex trading account opening. To open an account, you do not need to spend time filling out numerous contracts and provide a large set of documents. You can open a trading account in minutes by simply filling out a short form online and send us scanned copies of your documents.

A wide range of forex trading platforms. Desktop client terminal (windows), mobile version for pdas and smartphones (iphone, ipod, ipad, android, windows mobile)

Easy forex trading account replenishment (funding). Make a deposit anytime online by using our electronic payment system. Your funds will be quickly transferred to the trading account, and be immediately available for trading.

Five types of forex accounts. Forex trading conditions will allow you to feel confident in the market with any initial deposit. For this purpose we have developed three types of trading accounts: cent account, mini account, fix spread account, standard account, and VIP account. Each of these trading accounts is focused on different levels of trader’s experience so you can choose best forex trading account for you.

Wide range of trading instruments. Paxforex offers over 60 currency pairs on forex, and CFD's on stocks, futures, and precious metals. Such a set of financial instruments significantly expands trade opportunities and allows you to create an optimal investment portfolio and to better respond to world economic events.

One account for all the trading tools. In order to trade currencies, shares (CFD-contracts) or precious metals with paxforex, no need to open multiple accounts. Just open a forex trading account online and all tools will be available to you in the trading terminal.

Expert advisers. Paxforex company allows you to use expert advisers in your trading accounts.

Favorable terms of trade. Leverage allows you to define the optimal forex trading strategy for you: a small leverage can reduce potential losses in the event of an unfavorable market situation; the high leverage increases the risk and, therefore, profits.

One of the main priorities of our company is continuous improvement of trading conditions!

How to choose the best forex trading account

Before you open a live forex trading account, as well as ensuring you choose the right broker, it is also very important to make sure you choose the right type of account, as it can have a direct impact on your profit and loss. As the financial markets are full of a diverse range of people, there are many different account types on offer. So how do you choose the right forex trading account for you?

In this article we will discuss everything you need to know about choosing the right forex account!

What to consider before opening a forex trading account

There are many things to consider when opening an online forex trading account. Many of your decisions will be influenced by things such as your experience, starting capital and trading style. However, there are some core considerations that apply to choosing the best forex account, no matter the level or status of the trader. They include:

Transaction costs, spreads and commissions

Trade routing: straight through processing (STP) or electronic communication network (ECN)

Trading software and platform

Range of markets available

Let's discuss each of these in more detail before we summarise the different account types that are available.

The importance of transaction costs

Most individuals are trading the market to make a profit. However, while making the right trade to turn a profit is important, holding on to that profit is even more important. That's why your transactions costs, spreads and commissions are an important thing to consider when you open a forex account.

The 'spread' is a cost of trading that is defined by the difference between the buy price (or ask price) of a market and its sell price (or bid price). For example, if the quote of EUR/USD is 1.1500/1.1501 then the spread would be 1 pip. If you were to buy the currency at 1.1501 and sell it immediately at 1.1500 you would be down 1 pip. The spread, therefore, is a transaction cost. Spreads vary throughout the trading day depending on liquidity and the supply and demand of the instrument you are trading.

Simply having the right account type can help an individual trader stay ahead of the game.

STP vs. ECN

Dealing desk brokers, which are also referred to as 'market makers', often have business models that may not act in the trader's best interest. That's because in this type of execution the broker usually takes the opposite side of your trade. Therefore, they have a vested interest in seeing you lose on the trade.

However, both STP accounts and ECN accounts are referred to as non dealing desk accounts. This means they route your order straight through to their liquidity provider (usually a top tier bank) or straight into the interbank market. The benefit of this is that they are simply matching your orders with other orders in the market, rather than taking the other side of your trade.

So what's the difference between an STP account and an ECN account, and why does it matter when deciding which forex trading account to open?

STP, or straight through processing, is where all orders are routed directly to the broker's main liquidity providers. These tend to be the big banks, hedge funds, and so on. In most cases, the STP broker will have their own internal system which links to their different liquidity providers who compete for the best prices (bid/ask orders). This helps the individual trader get the best possible price.

An ECN, or electronic communication network, is similar to the STP technology. However, the biggest difference is how trades are routed. Essentially, the ECN network is a place where individual forex traders can trade directly with the liquidity provider, without any intermediaries.

Accessing the best trading software and platform

The last thing any trader wants is to spend time researching their trade, wait patiently to execute it and then have their trading platform let them down. That's why most brokers offer to use metatrader 4 and metatrader 5 as their trading account format.

Both platforms offer charts and broker integration for one-click trading, as well as many other features such as:

Free indicators and charting tools

Real-time market data

Volatility protection settings

Expert advisors for customised indicators and automated trading strategies

Mobile trading

Metatrader supreme edition add-on (exclusive to admiral markets) including a built-in economic calendar, market analysis tools, advanced order types, correlation matrix and more

Admiral markets offers trading on both metatrader 4 (MT4) and metatrader 5 (MT5), as well as metatrader webtrader which allows trading direct from your browser. One of the main differences between metatrader 4 and metatrader 5 is the range of markets available to trade.

Trade with metatrader 5

Did you know that admiral markets offers traders the number 1 multi-asset trading platform in the world - completely FREE!? Metatrader 5 enables traders access to superior charting capabilities, free real-time market data & analysis, the best trading widgets available, and much more! To download metatrader 5 now, click the banner below:

Range of markets available

Accessing international markets has never been easier. More and more traders diversify their forex trading account by accessing other markets such as trading cfds on indices, stocks, bonds, commodities as well as direct investing in stocks and etfs. All of this can be done by opening an account with admiral markets.

While the trade.MT4 account offers 64 major stock cfds, the trade.MT5 account offers access to over 3,000 stock cfds and 300 ETF cfds.

Whereas, our invest.MT5 account allows you to use the metatrader 5 platform to invest into more than 4,000 stocks and over 200 etfs, making it a great way to diversify as a trader.

In the following sections, we will make a comparison of the main features of our forex trading accounts, the markets they cover and how much money it takes to open an account.

The trade.MT4 account

The trade.MT4 trading account is a popular account type for those wanting to trade multiple asset classes on one of the most secure and reliable trading platforms on offer - metatrader 4. Here are some more details:

Minimum deposit:100 EUR

100 USD

100 GBP

100 CHF

Account balance currencies: EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON

Markets available:currencies (37)

Cryptocurrency cfds (5)

Spot metal cfds (4)

Spot energy cfds (3)

Index futures cfds (3)

Cash index cfds (16)

Stock cfds (78)

Bond cfds (2)

Spreads: from 0.5 pips

Commissions:single share and ETF cfds from 0.01 USD per share

Platform: metatrader 4, metatrader web trader, metatrader mobile trading

The trade.MT5 account

The trade.MT5 trading account is another popular account type for multi asset class traders. One of the biggest differences is that the range of markets available on metatrader 5 is far bigger than that on MT4. There are some additional benefits as described below:

Minimum deposit:100 EUR

100 USD

100 GBP

100 CHF

Account balance currencies: EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON

Markets available:currencies (37)

Cryptocurrency cfds (32)

Spot metal cfds (5)

Spot energy cfds (3)

Spot agriculture cfds (7)

Index futures cfds (24)

Commodity futures cfds (24)

Cash index cfds (19)

Stock cfds (over 3,350)

ETF cfds (over 300)

Bond cfds (2)

Spreads: from 0.5 pips

Commissions:single share and ETF cfds from 0.01 USD per share

Platform: metatrader 5, metatrader web trader, metatrader mobile trading

Market depth: exclusive to metatrader 5, you can view the order book to assess the liquidity of the instrument you are viewing

The zero.MT4 account

The zero.MT4 is a unique offering for those who want to elevate their trading level. The account is based on admiral markets' own STP technology so traders can trade directly with top-tier liquidity providers. Access to this advanced offering also comes with additional benefits:

Minimum deposit:100 EUR

100 USD

100 GBP

100 CHF

Account balance currencies: EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON

Markets available:currencies (45)

Spot metal cfds (3)

Cash index cfds (10)

Spot energy cfds (3)

Spreads: from 0 pips

Commissions:forex & metals - from 1.8 to 3.0 USD per 1.0 lots

Cash indices - from 0.05 to 3.0 USD per 1.0 lots

Spot energies - 1 USD per 1.0 lots

Platform: metatrader 4, metatrader web trader, metatrader mobile trading

One of the major differences with the zero.MT4 account is the fact the spreads start from 0 pips, which means you can also trade inside the spread value with no requirements on minimum volume (order can start from just 0.01 lot).

Additional beneficial features

On top of the offerings above, all three of the above types of trading account offer:

No requotes - get the price you want

Hedging allowed - execute and hold trades in opposite directions on the same trading instrument

Expert advisors - use automated trading strategies and customised coded indicators

Metatrader supreme edition add-on - access advanced tools such as a built in economic calendar, advanced order types, correlation matrix, market session maps and more

One-click trading - enter the market without any additional confirmations to speed up your trading process

Volatility protection settings - access a unique set of advanced tools to help you minimise risk while trading

Negative balance protection policy - this means you are covered in the event your account moves into a deficit on an abrupt market move on leveraged positions

The additional features of the four different accounts can be extremely useful. The negative balance protection policy is also available for retail and professional clients across all account types.

Which account is right for you?

Choosing which forex trading account to open depends on a number of factors, such as your trading style, level of experience and capital. While all four accounts discussed have unique benefits, forex traders may want to consider the advantages of zero.MT4 due to the spreads starting from 0 pips, low commission costs and lightning fast execution.

However, all accounts offer something slightly different and many traders will hold several different types of account for different purposes. For example:

If you are a short-term forex trader who enjoys scalping and day trading, and want to transact direct in the interbank market with the lowest spreads available then the zero.MT4 account is worth considering.

If you are a trader looking to trade multiple asset classes like forex, index cfds and commodity cfds then you may want to consider the trade.MT4 account.

If you are looking to diversify your trading into over 3,000 different stock cfds from around the world and access more commodity CFD markets, then the trade.MT5 account is worth looking into.

As the choice is yours, you should review your trading goals to make sure you start your forex trading journey the right way.

Trade risk-free with an admiral markets demo account

With admiral markets you can trade without risking your own capital on a free forex demo account! Demo accounts are one of the best ways to practice trading before heading over to the live markets. Click the banner below to open your forex demo account today:

About admiral markets

Admiral markets is a multi-award winning, globally regulated forex and CFD broker, offering trading on over 8,000 financial instruments via the world's most popular trading platforms: metatrader 4 and metatrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

Открытие учебного счета

Демо-счета помогают научиться торговать на форекс. Они очень похожи на настоящие торговые счета – тот же терминал, актуальные данные с рынка, настоящие котировки. Но на демо-счетах используются не реальные, а виртуальные деньги. Поэтому для торговли не нужен депозит, да и риска никакого нет. А значит, у трейдера открывается очень много возможностей.

Протестируйте требовательные стратегии перед выходом на настоящий forex. Лимит кредита на счете – 5 000 000 USD

Проверьте свои знания и навыки в спокойной обстановке перед выходом на рынок!

Взгляните на результаты работы торговых роботов перед тем, как вы доверите им свои деньги

Не ограничивайтесь мажорами – на демо счетах justforex можно торговать любыми валютными парами.

Forex – это просто, но рискованно. С демо-счетами justforex, вы учитесь и тренируетесь для того, чтобы спокойно зарабатывать в будущем. И самое главное, это – бесплатно.

1. Войдите в личный кабинет. Если у вас нет аккаунта – зарегистрируйтесь;

2. Кликните мои счета в меню слева;

3. Кликните новый МТ4 демо счет или новый МТ5 демо счет;

7. Выберите кредитное плечо. Оно должно быть тем же, что и на вашем реальном аккаунте.;

8. Введите баланс виртуальных средств, который вы хотите видеть на счету;

9. Придумайте пароль. Подтвердите его в поле ниже;

10. Кликните открыть счет.

С этого момента, в ваш демо-счет можно зайти с помощью metatrader 4/metatrader 5.

С демо-счета нельзя вывести деньги. Поэтому, если хотите заработать на forex – открывайте реальные счета и доказывайте полученные на демо знания практикой.

С другой стороны, реальные счета – это рискованно и страшно. Поэтому, прежде чем начнете тратить свои деньги, убедитесь, что вы готовы к forex.

Forex – не казино, где все сводится к удаче. На этом рынке есть правила, причины, и следствия, и их нужно понимать.

Каждый день читайте анализ рынка и прогнозы на день. Не гоняйтесь за дикой волатильностью, вырабатывайте свой стиль торговли.

Переходите на реальный счет только когда начнете стабильно получать доход. Если пока не получается – лучше еще потренироваться.

Best forex brokers with ZAR accounts 2021

We researched 10+ forex brokers that offer ZAR trading accounts, and have listed the best in terms of fees & features.

ZAR forex trading accounts are quite useful for traders in south africa. This will help you avoid losses in fees during the conversion of currency on deposits or withdrawals.

Having a ZAR account implies that all your funds with the broker will be kept in rand. In most cases, this would mean the broker likely has local bank account so you can access quick and convenient withdrawals and deposits through bank transfer.

However, only a few forex brokers in south africa offer ZAR trading accounts. Most of them claim to provide more or less similar trading environment and features. So choosing the best ZAR account broker is not easy.

7 best SA forex brokers that offer ZAR accounts

Hotforex – best ZAR account forex broker in south africa

Exness – ZAR account forex broker with low minimum deposit

XM – low spread ZAR account broker

Plus500 – good forex trading platform with ZAR account

Fxpro – trusted ZAR account broker

Marketsx – overall good ZAR base currency account

Blackstone futures – FSCA regulated

For this guide, we have done extensive research of 10+ forex brokers offering ZAR accounts to help you out. Then, we have chosen only the highly regulated and reliable brokers working in the south african market.

For the safety of your funds, even if your consideration is ZAR base currency account, you must still trade with only brokers that are well regulated with FSCA or other top tier regulators like FCA, ASIC.

Best forex brokers with ZAR account

Bour research offers a comparison of the top regulated forex brokers offering ZAR trading accounts. This includes overall fees (spread +commissions), trading conditions, platforms, and local support.

1. Hotforex – best ZAR account forex broker

Overall rating 9.1/10

Trading fees (USD/ZAR): 90 pips on average for USD/ZAR with premium account .

Minimum deposit: R75

Regulation: FSCA, FCA

Bonus offer: 100% deposit bonus for new first time signups ($250+ or ZAR 40,000+ approx. Deposit required)

Ranked #1 ZAR account forex broker in south africa

Hotforex is one of the best ZAR account forex broker for traders in south africa. They are locally regulated with the south africa financial security conduct authority – FSCA (FSP no.46632). Plus, they have been regulated by 2 other tier-1 regulators FCA and CYSEC. Thus we consider HF markets safe for traders in south africa.

Hotforex offers direct marker access being an STP broker. This means your orders get straight-through processing with no dealing desk. Orders are placed directly with their liquidity providers. Therefore conflict of interest is absent.

Fees: we compared their fees and found the cost to be quite fair (though not the lowest). In terms of fees for trading, hotforex has the lowest spread with the zero account. There is no fee for deposits or withdrawals.

The average USDZAR spread with the HF premium account is around 90 (variable as per market conditions). For a zero account, it is usually around 45 pips. Premium account is a commission-free spread only. Zero account has a spread of + $6 per 100,000 units (1 standard lot).

Fair trading conditions: hotforex offers you 50 currency pairs including exotic, minors, and majors. Its trading instruments also include cfds on 56 shares, 4 cryptocurrencies, leading 11 indices globally, 8 commodities, 3 top global bonds, energies such as crude and brent oil, US natural gas, and spot metals – silver and gold. HF offers trading on the latest MT4 and MT5 platforms for all devices.

The minimum balance for opening an account is ZAR 76 approx. & there are no deposit or withdrawal fees. The max. Leverage offered is up to 1:1000 and the speed of order execution is fair. HF also allows scalping, hedging, eas, and swap-free accounts.

Good support: hotforex has a local phone number in south africa (+27-10-443-9924, 0-800-999-265). The live chat support is quick and helpful available 24X5 on weekdays. We did not experience a hold time of above 1 minute while connecting anytime.

Regulated with FSCA in south africa & FCA in the UK

Spread for premium and micro account is quite competitive. With zero account it is low.

New accounts can avail 100% deposit bonus

Very good customer support

No fees for deposit or withdrawals.

Customer support not available during weekends.

2. Exness – ZAR account broker with low minimum deposit

Overall rating 9.0/10

Trading fees (USD/ZAR): 194 pips on average for USD/ZAR . 1 pips for EUR/USD.

Minimum deposit: $1 (R15)

Regulation: FCA, FSCA, cysec

Ranked #2 ZAR account forex broker

Exness is one of the largest forex broker in terms of average daily trading volume. Exness is licensed by 3 top tier regulations i.E. FSCA, FCA & cysec, so it is considered a safe broker.

Fees: the trading fees at exness is very low compared to other forex brokers. With their standard account the average spread is 1 pips for major pair EURUSD, and the spread is much lower with pro account.

Wide trading instruments & features: exness offers over 100+ currency pairs, and cfds on 100+ metals, crptos, stocks & indices

The highest leverage at exness is 1:2000. Exness offers MT4 & MT5 trading platforms.

Good support: customer support at exness is very good. They offer support via email, live chat & phone support as well.

4. Plus500 – good forex trading platform with ZAR account

Overall rating 8.9/10

Trading fees (USD/ZAR): 160 pips on average for USD/ZAR . 0.8 pips for EUR/USD.

Minimum deposit: R1500

Regulation: FCA, cysec, ASIC

Bonus offer: 100% deposit bonus for new first time signups ($250+ or ZAR 40,000+ approx. Deposit required)

Ranked #4 ZAR account forex broker

Plus500 is one of the leading forex trading platform. They are well regulated with multiple top tier regulators including with ASIC, FCA & cysec. Moreover, their company is also listed on the london stock exchange and is thus considered a relatively safe broker for traders in SA.

Fees: plus500 offers competitive spread to the traders – as low as 0.6 pips for the benchmark EUR/USD. They also do not charge any fees for withdrawals or deposits.

Moreover, there is no other volume/lot based commission on forex trade. The only fees that it charges are the spread.

Trading conditions & features: there is only a single account type for retail traders at plus500. The minimum deposit is ZAR 1500 and the max. Leverage is 1:300 for SA traders. The broker also provides protection for the negative balance and assured stop-loss protection. This is without charging any additional fees.

Traders can choose from 71 currency pairs, 1000+ cfds on stocks. The other asset classes include 8 commodities, 7 cryptocurrencies, 8 indices, 6 energies, and 4 precious metals.

Plus500 offers you its proprietary trading platforms for web and mobile trading. On the downside, this platform is not accessible in desktop.

Decent support: customer support is available through live chat, email & whatsapp. There is also a decent faqs section for self-help.

Live chat support can be accessed only when logged in. It is necessary to fill contact form for availing e-mail support. On testing, we received a response within 1 hour on a weekday.

Regulated with 2 tier 1 regulators FCA and ASIC.

Competitive spread for forex majors and crypto cfds.

Their platform provides access to 15 crypto cfds.

No charges for withdrawals and deposits.

Good mobile platform/app.

Good risk management features including guaranteed stop loss protection & negative balance protection.

Plus500 proprietary platform for trading is not accessible on desktop.

Third party popular metatrader or ctrader platforms are not available.

Account options are limited.

Education section for traders is very limited.

Why choose a ZAR account forex broker?

There are a few advantages to trading with a broker that offers ZAR base currency accounts.

A. Depends on your mostly traded trading instrument:
this is if your account is funded through the most frequently traded quote currency. For instance, if you mostly trade south african rand pairs with quote currency in ZAR such as USDZAR, EURZAR, GBPZAR, then there may be certain advantages to opening ZAR account.

If your account is funded in ZAR, then your account balance will be in rand, and all your profits too will by default be converted into ZAR (rand) once you close the trade. In case you are trading mostly ZAR quote currency pairs, then a conversion transaction will not be required. You will also save the commissions if your broker charges commission for the transaction to convert.

It is preferred if your account currency is the same as the quote currency of your most traded pairs. If not, you will lose during the re-conversion of funds to your funding currency each time you trade. You may have to pay an extra commission each time you trade if the broker charges for conversion. This could add up to much eventually.

B. Conversion charges during withdrawal (by your bank and/or the broker):
once you decide on the withdrawal, you will want to get withdrawal from your broker in your south african bank account.

In case you hold a ZAR account, the broker can directly send your withdrawal in rand. Instead consider a case where you request the withdrawal in USD (if your base currency is US dollar), then your bank, broker (or both) may charge you fees for the USD wire transfer to your SA based bank account.

Here, the currency conversion fees/spread on exchange rates of anywhere from 2%-6% could be charged by your bank. If the USD/ZAR exchange rate is 19, your bank will charge its fees on the exchange rate and offer you around 18.6. Your broker and bank may also levy wire charges for receipt of USD payments.

But in case of ZAR account, it is very likely that the rand withdrawal transfer by broker be from the broker’s local bank account in south africa.

This will save you the fees for withdrawal that can incur for your wire withdrawals.

Comparison of forex brokers with ZAR accounts

Below comparison table shows the features, fees of SA forex brokers that offer ZAR accounts.

ZAR forex broker	regulation	average spread (EUR/USD)	leverage	minimum deposit	visit website
hotforex ZAR account	FSCA, FCA, cysec	1.2 pips with premium account	up to 1:1000	$5 (

Frequently asked questions: ZAR account forex brokers

Which is the best forex broker that offers ZAR trading accounts?

According to our comparison these 3 brokers offer ZAR base currency option & are better than most other brokers out there for similar features:

FSCA regulated & offers ZAR account: hotforex

Good trading app: plus500

Low spread: XM broker

Are there any advantages to opening a ZAR trading account?

Yes, there are some benefits but it mostly depends on your choice.

If you mostly trade on rand pairs like USD/ZAR then it is preferred to open a ZAR account with the broker. As you could save on the conversion losses.

Moreover, another plus point to creating ZAR account over USD or EUR, is that you can make deposits & withdrawals in rand. In this case, there will be no losses on exchange rates or transfer fees that would be charged by your bank (or broker) if you were to say make transfer to your broker in USD.

Which ZAR base currency account forex brokers are regulated with FSCA?

As per our research, there are about 10 FSCA regulated forex brokers that offer ZAR accounts. We have listed 3 such brokers here in our list (last updated in august 2020): hotforex, fxpro & blackstone futures. We will add more ZAR account offering brokers in this list once we have compared their features & fees.

In terms of fees (USDZAR benchmark) – hotforex has 90 pips spread on average with their premium account (1.2 pips for EURUSD). Blackstone futures has spread as low as 10 points (variable) for USD/ZAR currency pair.

ZAR account brokers comparison summary

Here are our 2020's 3 recommended best forex brokers with ZAR account.

Trading cfds is risky. Your capital is at risk.
Disclosure: we earn a commission if you sign up with a broker through referral links in this review. This helps us cover the expenses for running the website.

Hotforex is the #1 ZAR account broker

Forexbrokers.Co.Za is a broker comparison & education website for south africans. We aim to help traders in south africa find the best forex brokers. Read more..

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Risk disclaimer

Risk warning: trading leveraged instruments such as forex & cfds are risky and can result in lose of your capital. Read full risk disclaimer..

What is an islamic forex account? How to trade according to islamic finance

While trading in islam is often considered to be haram, it is still possible to trade. The key is to find an islamic forex account, which offers swap-free trading for traders of muslim faith.

This article will focus on the principles of islamic finance and solutions for halal islamic trading.

Keep in mind that this site is not a religious authority on islamic trading. If you want to be sure that your trading activities are halal, you can consult a religious authority that can take into account your personal situation.

What is an islamic forex account?

An islamic forex account is a halal trading account that is offered to clients who respect the quran and wish to invest in the islamic stock market following the principles of islamic finance.

Also known as swap-free accounts, islamic trading accounts differ in several ways from regular forex accounts. As sharia law prohibits the accumulation of interest, traders with islamic accounts do not pay or receive interest rates. In addition, transactions in accounts based on islamic finance must be carried out without delay, so currencies must be transferred from one account to another immediately, and transaction costs must also be paid at the same time.

Although halal investment in forex is not a recent financial innovation, there are few swap-free brokers that offer islamic accounts like admiral markets.

Often this type of trading account is not promoted by brokers, since sometimes they are less profitable for them and the number of clients that request them is quite limited. However, admiral markets offers its muslim clients the opportunity to open an islamic trading account.

The principles of halal forex trading

Islamic finance has four basic principles:

Prohibition of payment and receipt of any interest rate (riba)

Immediate exchanges in the context of trading operations

Prohibition of gambling

Distribution of risks and benefits

These four principles do not always fit into the western banking and trading tradition, and to respect the principles of islamic finance, specific trading accounts have been created, commonly referred to as "islamic accounts."

These accounts are offered to clients who wish to do halal forex trading without having to separate their investment activity from their religious principles.

In general, these accounts are quite similar to traditional trading accounts, only some specific elements have been adapted to meet the fundamental principles of islamic finance.

How to open an islamic forex account?

To open an islamic forex account, muslim customers must register and open an trade.MT5 account, and provide the necessary documents to open a halal trading account.

You can see the full process for opening a trading account in this video:

As soon as you receive confirmation that your islamic forex account is open, you can make your first deposit, through the payment method you prefer, and start trading on the halal exchange. Opening an islamic trading account is now easier than ever.

You can request a withdrawal of your earnings or funds at any time through your online account.

If you wish you can practice first with a demo account of islamic trading without risk. You will have access to real market conditions but with virtual funds. In addition, they are free!

Commissions on islamic trading accounts

One of the peculiarities of islamic trading is that it does not generate any swap interest, as in the case of all other traditional trading accounts. The swap is an interest paid or received by the trader when he leaves an open position overnight, which makes currency trading haram.

However, islamic currency trading accounts eliminates these interests to allow muslims to trade in the halal stock exchange. But then, what commissions do traders pay?

All muslim customers who use an islamic trading account pay the margin, commissions and administrative fees, which are not the interests of riba haram.

Is forex trading halal or haram?

With a quarter of the muslim world and the development of online trading, the issue of the stock market in islam is increasingly raised. This section will examine many points of view and sources to answer the question of whether trading is halal or haram.

It will analyse in depth the forex market and the actions in particular, and will try to offer advice on how to remain halal and see what instruments can be traded following sharia law.

So, in the case of forex, stocks, futures, commodities and currencies, is investing in the stock market halal or haram?

This is a question that often arises among muslim investors who want to invest in financial markets. In fact, islam allows the search for the improvement of your situation, especially financial, but doubts persist about the stock market in islam.

By definition, forex trading can be considered halal and not contrary to the fundamental principles of islamic finance. Forex trading is increasingly accessible and the potential for quick profits is attracting more and more traders every day. At first glance, it seems like a halal investment opportunity, because it's simply about buying and selling money. However, there are some things that need to be examined.

If you buy the euro against the dollar and sell later, when the euro has appreciated against the dollar, it is a halal transaction. But in reality, several problems persist that the islamic trade account is trying to solve.

Islamic finance: forex riba

On the side of the ban on paying or receiving interest where things are getting a bit more difficult. As a standard practice, when an investor holds open positions after the close of the trading session, the broker charges a swap commission, which corresponds to an interest rate.

This interest rate is linked to the fact that the broker grants you an indirect loan through leverage. And like any loan, it is normal for it to be profitable for the creditor, which in this case turns out to be the broker.

That is why a standard trading account is haram, since its operation includes interest payments, but the islamic trading account is halal, eliminating the payment of these swap interests.

In fact, in islam, it is allowed to borrow money from someone to invest for profit and then repay this interest-free loan to the creditor.

To remain profitable, the broker instead charges fees and commissions, which some may consider a disguised interest, but many researchers approve this method to facilitate trading. Therefore, an islamic trading account without swaps crosses the riba barrier.

Islamic finance: hand-in-hand halal trading

With the interest item discarded, the next question refers to the exchange itself. Trading in islam is allowed as long as it is done "hand in hand."

In the past, most transactions would have been completed face to face, but with the evolution of electronic commerce, what is meant by "hand in hand"?

Many argue that the agreement is between the broker and the trader, which would be permissible under the definition of two different parties, and therefore halal.

Investigators went further in saying that the actual exchange must take place during the same "session", when the contract is concluded.

Therefore, transactions must be executed immediately, which is usually the case with forex traders, where orders are executed in a few seconds or even less.

This eliminates, for example, binary options from the halal trading framework, where the exchange of goods differs, which is haram.

Islamic finance: trading games of chance

In islam, gambling is prohibited, but can forex trading be considered a haram game of chance?

Trading consists of buying and selling assets, with the objective of earning money through the increase or decrease of the asset's price. A trader must attempt to predict this based on their analysis.

Therefore, trading is not a game of chance, but an investment based on market analysis, which is not haram.

To properly analyse the market you need to learn many concepts and strategies, which is why we offer you our free trading webinars:

Islamic finance: risk and reward in halal trading

One of the biggest concerns about trading is the element of shared risk. An element that is regulated by principles such as bai al inah (sale and repurchase), bai salam, mudarabah (profit sharing), bai muajjjal (credit sale), bai bithaman ajil (sale with deferred payment), murabaha and musawamah.

When you invest, you are investing in an asset. If this asset increases in value, you get a profit. On the other hand, if the asset loses value, you incur a loss. As a result, you share the benefits and risks of conducting business well. From this point of view, trading and islam are, therefore, fully compatible.

Can shares be purchased according to islamic finance?

It is generally accepted that the purchase of shares is not haram. That is because you simply buy a percentage in a company. However, you must ensure that the company in question does not act against sharia law.

Companies such as pernod ricard (alcohol) and française des jeux (gambling), for example, would not be halal.

Companies that operate from an islamic perspective can be divided into two categories:

Activities resulting from halal practices: sea transport, manufacturing, clothing, medical equipment, real estate, furniture, supplies, etc. They are generally free of haram practices or transactions.

Activities based on haram practices - any company that operates with alcohol, gambling, riba banks, etc. It is not halal. In these circumstances, stock exchanges are haram.

If there is a mix of activities, most researchers agree that if the company sells only a fraction of the non-halal goods and services, you could still invest in the shares. It is suggested that you simply donate the percentage of profits generated by the non-halal section of the company.

So if 10% of the company's profits come from alcohol, you would give 10% of your profits to a charity.

What can I trade with an islamic account?

With a broker like admiral markets, you have access to the main markets: forex, cfds on indices, cfds on stocks, cfds on raw materials and cash stocks, as well as rarer markets such as cfds on cryptocurrencies, cfds on bonds and etfs (funds traded on the stock exchange).

A muslim investor who wishes to follow the precepts of the sharia law to participate in islamic trading has the right to wonder which assets he may or may not invest in. All the financial markets mentioned are halal, except two: bonds and futures.

Bonds are treasury bills. At the time of issuance, a fixed interest rate is fixed during the life of the bond. Although the value of the bond may vary and fluctuate according to the supply and demand of the market, the return on investment calculated as a percentage of the original value of the bond is fixed and does not vary.

Therefore, bonds can be considered haram because they are based on an interest rate, even if when you invest through cfds you do not receive interest, it is the value of the interest rate that is at the root of the spread. Therefore, investing in this asset would be like taking advantage of an interest rate.

Futures contracts are also considered haram due to the deferred nature of the exchange of goods, after the "signing" of the purchase or sale agreement. It is not immediate.

Although there are no islamic cryptocurrencies as such, that is, cryptocurrencies dedicated to islamic finance, they work exactly the same as traditional forex currency pairs. They are quoted against the dollar or another currency, so their fluctuations depend solely on changes in supply and demand.

They are not based at any time on interest rates, directly or indirectly, which makes it possible to consider halal cryptocurrencies in the context of islamic finance.

Raw materials are also halal, since the good is metals or agricultural products.

Islamic accounts in metatrader

The metatrader trading platform is the most-used platform in the world. It is also the most popular trading platform among forex brokers and online cfds. So, what could be more normal than questioning whether it meets the criteria of islamic finance?

The metatrader trading platform can be considered halal, simply because it is only a trading platform. In fact, this platform is just a tool, an interface that allows you to open your orders in the market.

Regardless of the nature of the trading account you use, be it a standard account, a pro account or an islamic account, your orders will be executed in the same way. Only your broker can define the trading conditions with which you are going to invest, the platform does not alter or modify them in any way.

In addition, only the trading account you choose will have an impact on your trading conditions and can become a halal or haram trader. Hence the importance of choosing an islamic trading account with your broker so you don't have to pay interest rates.

You can learn more about how metatrader works or about general trading concepts with our free online courses:

How to do halal trading with islamic forex accounts?

Therefore, halal islam trading is possible for muslim traders with admiral markets' islamic trading account. Let's now look at some trading strategies to use in your broker's account without swap.

Day trading in islamic accounts

Day trading is one of the three types of trading, along with scalping and swing trading that we will analyse. This type of strategy consists in opening positions that will be closed during the sessions, that is, before the markets close at the end of the day.

The interest of this type of operations during the same session is the fact that the open positions are not kept at night, the payment of swap commissions is avoided and, therefore, the interest rates, even if you are not operating in an islamic trading account without a swap.

But in this case, what is the advantage of having an islamic account?

Sometimes a trader opens a position in the morning, with the intention of closing it at the end of the day, but at the end of the session the position is making a profit and the trader anticipates that the movement should continue.

In this case, it may be prudent for him not to close his position and maintain it for a greater benefit. If the trader has an islamic account, he can take full advantage of this opportunity, but if the trader has a standard account, he will have to give up this potential gain to respect the principles of islamic finance and not pay interest rates.

Trading in a non-islamic account also exposes the islamic trader to the risk of forgetting and falling into a haram trading activity.

Scalping in islamic accounts

Like intraday trading, scalping is a trading style. This implies the opening of positions, by the trader, that are destined to close quickly, in a few minutes or even a few seconds.

The goal of a scalper (a term that refers to a trader who practices scalping) is to open many small positions by earning only a few points in each of them.

The advantage of scalping is that, as with intraday trading, as positions are closed quickly there is no interest rate payment, since the position will close after a few seconds or minutes. Therefore, an islamic scalper can easily use a standard account and is not limited to the use of an islamic trading account.

On the other hand, as with intraday trading, if the scalper wishes to maintain a position for a longer period of time, and this position is destined to become a long-term position to accumulate more attractive potential benefits, he will have to use an islamic account, otherwise you will have to cut your position to avoid paying interest.

Although this is more difficult to occur scalping than in intraday trading.

Swing trading in islamic accounts

Swing trading consists of opening positions for several days or even weeks. Therefore, a swing trader that respects the principles of islamic finance must work with an islamic account, no matter what, if you want to avoid paying interest.

Swing trading is considered the least risky of the three short-term investment approaches, but a swap-free trading account is essential for an islamic trader.

Advantages of islamic accounts

The main difference between islamic accounts and basic accounts is that there are no swap commissions. This can be a very important advantage, since you can open long-term positions without running the risk of reducing your profits due to swap commissions.

The second great advantage is that the trader will be able to open positions in currency pairs in which swaps costs are generally very high (especially in exotic pairs).

Disadvantages of islamic accounts

The absence of the swap can also be detrimental to the halal forex trader, since it will not be able to benefit from the positive interest payments that are often paid to short positions, along with the benefits of carry trading strategies.

Often, to remain profitable after the elimination of interest, the non-swap broker will charge a fixed administrative fee, as banks do in islamic finance.

Open an islamic trading account

It is clear that halal trading will depend partly on your actions and partly on the broker you choose. Whatever your islamic investment online, whether in stocks or forex, admiral markets offers you an islamic halal trading account.

Once you have tested the conditions of the broker and practiced in a demo account you can open an islamic account to start trading.

Other items that may interest you:

About admiral markets

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer or request for any transaction in financial instruments. Keep in mind that such business analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decision, you should seek the advice of independent financial advisors to ensure that you understand the risks.

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