Profit Trade Islamic account | Swap-free trading with Profit-Trade
Profit-Trade is a Bulgarian forex broker that has operations across Europe
Their website was launched in 2013 going more for the HTML 5 look, this brings me to the next point, this is a very innovating broker, they always look how to optimize their trading experience and tools they are offering.
in this Profit Trade Review, we will show you that this is a good brokerage for clients that look to trade in cryptocurrencies and want to start the right way. due to the options, they offer in trading platforms traders of all levels are able to trade there.
Besides their Islamic account, they also have a very good demo account.
The issue is that with the demo account, which you receive after filling in a form which is a little bit longer than most other forms
You will receive the entry to their or your dashboard. You are you able to choose the platform. You want to receive the demo account for. Since you since they have 2 main platforms.
There is Metatrader 4, which does not really require any introduction. Most brokers have these platforms in. It's pretty much the standard of the market for and has been for the last 10 years.
And they have another trading platform which is their web trader and an easy intuitive trading platform with a very small learning curve
their proprietary trading platform. itself is less known doesn't make it less powerful or less good than the MT4 If you want to see the platform in action, t then you just have to the site as you will be able to enter it from there before you even make a deposit.
You will see that this is done on the Trading Platform. In my opinion, this is a platform that has not as yet reached its full market potential. But is in fact a full-blown solution for any trader of every level.
Account Types & Spreads of Profit Trade
Profit Trade offers different account types.
Educational ($250 minimum deposit limit),
Standard ($2500 minimum deposit limit),
Premium ($20.000 minimum deposit limit),
VIP ($50.000 minimum deposit limit),
Tailored and Robot ($5.000 minimum deposit limit).
Neteller one of the most known Digital fiat currency wallet provider , has started allowing its users to buy, sell, and hold cryptocurrencies including BTC, BCH, ETH, ETC, and LTC.
They do this on the large scale with a pilot in 10 countries and soon another 50 countries to join . They understand that if you do this effort it will only succeed if you can do this on a global scale.
founded in 1999, Paysafe Financial Services entered the market with the mission to provide an online alternative to the known traditional payment methods.
Most of the traders aiming us now neteller as one of the companies through which we made our deposits and if we had any profits also our withdrawals. A couple of years ago they left the Forex and Binary industry behind since the charge-back issue became just too expensive.
But as any companies knows, if you do not adept you die. The binary option market is all but dead and the Forex industry has moved also into the directions of the cryptocurrencies. thus, neteller understands that this is where the future is.
So Lasts week they announced that they are now offering a wallet with buy and sell cryptocurrency options.
As of today, Neteller users can buy, hold and sell cryptocurrencies via a recognized cryptocurrency exchange including bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin, purchased using any one of 28 fiat currencies available in the Neteller wallet.
It may not seem so exciting but for many users that love this service it actually is. More and more currencies will be added making them an true exchange in the near future.
Now one is able to fund their neteller account through many different means (Mobile, Epay, Paysafecard, local bank deposits, and bitcoin)
We think that will make the threshold for many people, who would want to buy or sell cryptocurrencies, lower. This in return is a good thing for the overall acceptance of the cryptocurrencies in the mainstream of every day life.
The rates offered are somewhat in the lower middle of the current market making them go for the save route. The average market rates on the major cryptocurrency exchanges differ all in all not that much anyways, as this is not the main reason to choose to buy Bitcoin through Neteller
The minimum cryptocurrency purchase or sale amount is “approximately equal to 10 EUR,” the firm clarified, adding that the maximum amount depends on the transaction limits associated with each account.
When You open an account with Neteller you have to choose your default currency. This is of course for most people in accordance on their geographical locations, people in Britain will go for the pound most Europeans go for the euro and pretty much the rest of the work goes for the US Dollar, thou other currencies are available
The fee is 1.5 percent for purchasing and selling cryptocurrencies from wallets with EUR or USD as the default currency.
The fee rises to 3 percent for wallets with other default currencies.
Neteller | Why is this a good move for neteller and one that we should expect from other online Payment providers as well ?
At this moment till last week Neteller users can pay, get paid on thousands of sites, and send money around the world through their system.
The company claims to have “millions of point-of-sale, ATM and online locations” for users to withdraw or spend their cash.
Last July 25, Paysafe ( which as you remember is the company that owns Neteller and Skrill) announced that another digital wallet provider in its group, Skrill ( formerly known as moneybookers), started allowing customers to “instantly buy and sell cryptocurrencies, including bitcoin, bitcoin cash, ether and litecoin, using any one of the 40+ fiat currencies available in the Skrill wallet.”
We could now see that this was like their test run on this concept.
We do not know the numbers that Skrill produced since they offered this service but it must have been encouraging enough for Paysafe to include their flagship brand in this endevour.
We will see where this leads but we are hopeful that this is the next step in global acceptance to the cryptocurrency revolution. Let me know what you think
The sooner we get to the official launch of China Digital Money. the more Cryptography Experts are needed.
it almost is surreal as they pushed against this from the beginning but now S China digital money may soon be a reality.
The Bank of China (PBOC) is hiring cryptography experts by the masses as reported by the South China Morning Post (SCMP)
this is the latest in the Chinese efforts to have a state controlled cryptocurrency for its own means.
The institution is one which worries a lot about the effect of investor activity in the cryptocurrency market. this in great contrasted to the directive issues in 2014 by the PBOC that Bans any activity related to the cryptocurrency market.
Yet the Central bank of china started to build their own work force for building and developing their crypto in 2017.
something like if you can beat them , copy them.
in 2017 the Yicai Global reported that this targeted workforce would work from central Beijing as was to be names the digital currency research institute
This research institute would primarily focus on the latest in digital currency technologies and all the different applications that would benefit from cryptocurrencies.
the former deputy director of the PBOC’s science department, Mr Yao Qiann would be in charge of the overall project
since then they are expending with opening a new research institute expanded in Nanjing . the idea for this center is to create more interest n the technologies and its possible applications.
the pilot programs are to be implemented by state controlled banks and academic institutions which should result in blockchain hubs that would attract new developing talent and additional capital to further develop the cryptocurrencies.
“Beijing's ideal digital currency must ensure the smooth running of monetary and financial stability policies and at the same time protect consumers.”
Apparently, the ultimate goal for the Digital Currency Research Institute (DCRI) was to clear the path for a national cryptocurrency. Reports indicate that the fintech hubs will serve a purpose higher than initially believed. Reportedly, the hubs will serve as testing ground for China digital money. Here, the currency will undergo tests from prototype phase to future mass production.
and thus we get to the point that they are looking aggressively for new talent in the cryptographers and computer scientists sectors. now that more and more student have said good bey to the united states in the last couple of months after feeling they were less welcome this drive for finding new employment has only intensified and is answered by the large amount of brilliant young people coming back to live in chine after their education abroad.
The salaries are even higher then what they would have earned if they would stayed in the US and gone of to work in some of the companies in the Silicon Valley.
So we could expect that China is now also looking to become a world player in this industry as they have become the leaders in so many other fields.
The currency trading industry and now also the cryptocurrency trading industry have gone through enormous volatile times the last couple of years. Now with trump and its trade wars. The fast rise and somewhat recline of the cryptocurrencies and the fast pace of international politics and economies that create high rises and steep fall of the currencies.
So what does it all mean and what can you do before start to trade on these news headlines.
Good brokers like LegacyFX and UBCFX provide the traders with the latest market news and updates on a continuous basis but if you are new to trading you still have no idea what to do with this.
You start by understanding that the involves a high degree of risk, including the risk of losing you hard earned money. Besides the ones that were lucky enough to have bought Bitcoin a couple of years back and cashed in in the end of 2017, most people don’t get rich overnight.
You have to understand that you only trade with money that you are able to lose, going hungry because you want to open a trade is not the right wy to go about it.
So, What is Forex?
You should by now understand that the value of currencies goes up and down every day.
This in general becomes apparent the moment you go on vacation and what you bought last year with your money now is not the same amount you get today at the exchange.
This is on a large scale, what a lot of people do not know is that there is a foreign exchange market - or 'Forex' for short – or "FX" for even shorter, where you can potentially make a profit from the movement of these currencies.
The most known Trader is George Soros who made a billion dollars in a day by trading currencies. This is of course on a scale that we are not able to reach and you need a huge amount of money to begin with. Still he made a billion in one day!!
The internet has played a huge part in making trading in currencies accessible for the masses. You also do not need huge amounts of money to actually do this. Now keep in mind that if you make 10% profit on your investment but the investment was just $50 you basically just end up with $55. still no bank will give you 10% interest on your money.
Many people and I am talking millions are now trading every day, most do this on the side and don’t do this as a full-time job, but there are today enough people that are full time traders and making enough money to live comfortably.
Retail forex market needed Brokers
The Forex market for the retail market was born, it started around 15 years ago to become more serious as technologies advanced and the stream of information became almost instant, this is important for trading as one second can make the difference between profit or loss.
So, the moment the technology was there the people that wanted to trade were there all that was needed were the Forex brokers that offered the platform for trading.
There are latterly hundreds of companies of not thousands that offer this service and there are good ones like LegacyFX and there are scams (these tend to not last long)
Forex explained in short
The Forex market is the largest financial market on the planet and has been for many years now.
Its average daily trading volume is more than $4 trillion. (just let that number sink in for a second). Of this total amount around 5% is the retail market meaning traders like you and me. Still 5% of 4 Trillion is still a number with a lot of zeros behind it.
If you compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. You truly see the size.
To give you another example:
if you were to put ALL of the world's equity and futures markets together, their combined trading volume would still only equal a 25% of the daily Forex market. Insane right?
Why does this even matter?
It matters because there are so many buyers and sellers that transaction prices are kept low. To explain how trading the Forex market is different than trading stocks, here are a few major benefits.
Most Brokers don't charge commissions – you pay only the bid/ask spreads.
There's 24hour trading – you decide when to trade and how to trade.
You can focus on your currencies and become experts in only those pairs that you follow instead of following and selecting out of 5000 stocks
You can trade on leverage, (something to be very aware of as it can magnify potential gains but also your losses).
Forex is accessible for almost everyone– you don’t need a lot of money to get started
The mechanics of a trade are virtually identical to those in other markets. The only difference is that you're buying one currency and selling another at the same time.
This is also the reason as to why the currencies are quoted in pairs, like EUR/USD or USD/GBP.
The exchange rate represents the purchase price between the two currencies.
The EUR/GBP rate represents the number of GBP one EUR can buy (relevant now with all the Brexit issues going on) . If you think the Euro will increase in value against the British Pound, you buy Euros with British Pounds. If the exchange rate rises, you sell the Euros back, and you cash in your profit.
the Best thing i found about trading cryptocurrencies is that the Leverage by default tends to be very low which makes the risk of losing it all much smaller.
Sounds simply enough?
Why does not everyone Trade.
The same could be asked as to why not everyone plays poker, you can make money. The comparison between the 2 is actually closer than you might think.
All traders that are successful will tell you that 80% of successful trading is psychology and the other 20% is research. It takes time to get the research down, but it can take a lifetime to master the psychology.
People tend to do things differently when real money is on the line and are accepting losses in the hope that the trend will reverse or taking out profit too early because they don’t want to lose what they just have gained. In short, the psychology is the hard part.
One should be aware that you can loose real money and a lot of it very fast if you don’t know what you are doing.
Now most Good Forex brokers offer some educational tools, some more than others that will teach you how to trade. There is also something that is called social trading that will allow you to follow other traders and see what they are doing in order for you to learn and make money at the same time.
So here are some ground rules for those that look to start trading
Get involved in the market, watch read and listen to the news to understand what is happening
Go through a trading course ( a good one is here)
Open a demo account and trade at least a month (my advice to do this even longer)only on this before you even think about trading with real money.
Check out social trading, there are some options for this, this broker offers this also.
Try with an amount that you are able to afford losing. See this as your tuition money.
Take it slow, don’t become greedy and follow the basic rules
Basic Rules (there are many more but start with these)
The trend is your friend
Don’t add money to a losing position
Don’t trade on too many different currency pairs
Trade only with a good broker
Don’t open to many positions (no one needs 100 positions a day)
Develop your strategy and stick to it.
Know that NO ONE is 100% of the times right, everyone loses some.
Last but not least, don’t trade with money you cannot afford to lose.
Everyone that has been trading for some time has most likely traded on the metatrader 4 trading platform of metaquotes. This has been the standard in the industry for the last couple of years.
But more and more brokers Like CMSTrader and UBCFX are offering alternatives that might suite certain traders even better then the MT4 as they have a lower learning curve and are designed more intuitive. One of these platforms is the Sirix Trading Platform. The Sirix Trading platform is
Sirix, a fully packed trading software with numerous with numerous options and special indicators that are designed by the software company to present you with a personalized trading experience.
Positive features and benefits of the Sirix Trading Platform
• Ease of Use: if you are a trader you will be able to access your Sirix trading platform and see all your trades and other information at any place and time. The Web-trader is a fully function trading platform that does not require you to do any download. This has more or less become the norm of the industry and if you for example take the Sirix Trading platform of LegacyFX you will be able to have a download desktop version, a web version and a mobile version. these in general all have the same functionalities but of course is the mobile version a bit more limited due to the smaller screen real estate.
• Indicators and Options: this platform provides build I more than 50 Indicators which for most traders is over kill but it does allow most traders to find the right indications to match their trading behavior and trading strategies.
The Charting Package that Sirix provides is easy enough to understand and gives you as a trader all the information you need, there are different time frames that in combination with the ability to display lines and annotations make this platform feel like it is designed for you.
• Social Trading: Sirix has a full feature social trading module that allows you to watch the trades of others which might give you new insights and trading ideas. If you come a across a trader that is particular successful you are able to copy that traders' trades and create a full automated copy trader, You as the trader are still in charge and you have the option to trade with lesser or higher amount then the trader you are copying. In order to use the social trading, you have to open an account with their social trading community.
This can only be done by using a nickname an order to protect you identity. When you are part of the community then you are part of all the brokers that offer this feature to their traders. Meaning you are able to follow a trader that is trading with 12trader while you are trading with account from UBCFX or any other broker that has Sirix.
Now I have to mention that if you look to only trade social then the Etoro Platform is still a better solution s this system is built only for social trading and they have pretty much defined the concept.
Sirix Crypto Trading Platform
this is the latest platform that was launched by Leverate.
as this company understands that this is the direction where the market is going and more and more traders are asking for trading in Bitcoin or ripple trading to just name a few they have added this feature to the Sirix Platform , this means that every broker that has the sirix trading platform is in theory able to offer trading in cryptocurrencies.
in addition they have launched also a platform that is only trading cryptocurrencies but that will be another review as i have yet to see and play with this system
Conclusion The Software company Leverate has created a very user friendly platform with inbuilt social trading and news functionality. When they launched this platform in 2012 it was already a good platform but today it rivals the best of them easily.
The Intuitive aspect of this platform is one of the key features and makes the threshold of trading lower for newbies. There is also a fastn amount of Sirix Tutorials out there that will help even the total beginners with the Sirix Platform
Now of the traders that need bots and more indicators then there sis still nothing that beats the metatrader 4 trading platform but for many traders Sirix offers more then enough and makes the trading experience easier then with MT4. More and more brokers are offering this alongside their other trading platform so you as a trader will come across more and more brokers that have the Sirix Trading platform in their arsenal.
These are some of the Best Broker for trading on Sirix
UBCFX Islamic Account | Swap free trading with UBCFX
If you look at the Forex brokers that are currently entering the market you see, those that will not succeed, and you see, those that are actually built in order to succeed success means satisfied traders and continues growth in services and tools.
UBCFX Broker Is one of those brokers Did you instantly understand their that it's built the proper way. In this UBCFX review, We will talk about UBCFX trading, the UBCFX trading platforms and UBCFX Trading Accounts.
every account has the following features:
Balance Protection – losses will not exceed your deposits.
Direct Execution – as a non-dealing desk broker, there is no human intervention in your trades
Support - Multilingual customer support available 24/5
UBCFX Offers basically 3 different trading accounts.
The higher the account the more features that are available for the traders.
UBCFX Islamic account
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith. The offer their Islamic accounts to clients following the Muslim faith.
Trade with no hidden fees
No charges on overnight positions
Positions can be held with no time limit
How to Open a UBCFX Forex Islamic Account
The swap-free option can be chosen as part of the trading account registration in 3 easy steps:
1. Open any trading account (all three will work)
2. Request an Islamic Account
3. The account will be changed to UBCFX Islamic Account
To see all the details of the Account, please see the following table
1:200 - 1:400
Min. trade volume
Fixed or variable
Web trader platform
UBCFX platform, mobile trader, web trader
UBCFX platform, mobile trader, web trader
Daily Market Review
Personal Account Manager
Risk Management Plan
UBCFX Credit Card
Risk Management Plan
Invite to VIP Events
Account Performance Analysis
UBCFX Demo Account
the broker offers a full-service demo account for traders, this is useful for the following reasons:
test the trading platforms
test your own trading strategy
test the Free Forex signals provided to all clients
Test the Social Trading feature offered by UBCFX
the details for the account is that it is open for 30 Days and you receive $10,000 tot test their system
The UBCFX Web Trader platform offers an exclusive set of trading solutions, including social trading. The UBCFX Platform is user-friendly and easy to operate and monitor, also for new traders. The platform is available online, no download required.
Simplified & user-friendly graphics
Stay up-to-date with instantly updated data
One-click-fast trade execution
Execute, set limits and control your risk within seconds
UBCFX Mobile Trader
UBCFX Mobile Trader platform is designed for clients who work mostly from their mobiles or tablets. Using the UBCFX Mobile Platform, traders are able to take the market with them anywhere you go.
process orders by a single click at any time of the day
UBCFX Station offers the ultimate combination of stability and configuration in a downloadable Forex trading platform. Its intuitive interface allows traders to easily understand how to place trades, and even includes a one-touch trading option, which directs the orders of the traders to one of their top-tier liquidity providers without any kind of delay.
Advanced charting features
Calculate market patterns and news events effect easily
see how other traders react to current trading conditions
For traders who want more control over their trading platform and their trading in general, they can also download and install the Station onto their computer.
This desktop version of the platform offers traders the ultimate combination of configuration ability and stability and is a true pleasure for trading.
What can you trade with UBCFX
with this broker you have access to a trading nice amount of currencies, commodities and stocks
these the currencies and commodities you are able to trade with UBCFX
These are the Stocks that you are able to trade, European, Indian, American and rest of the world stocks. nice assortment
for UBCFX crypto trading the UBCFX cryptocurrency offering is huge.
A nice new broker that looks to the trader for what it decides to offer, the trading platforms are a nice selection, the Islamic accounts and other account types speak for themselves and the assets that you have access to are more than sufficient.
Indicted: Local bitcoin Trader Jailed for Money Laundering
Local Bitcoin trader, Theresa Lynn Tetley, also widely known as Bitcoin Maven has been indicted for indulging in illegal bitcoin-for-cash transactions. According to the Central District of California, the LocalBitcoins.com trader has been sentenced to 12 months in prison.
She has also been handed a three-year supervised release and a $20,000 fine. A former real estate investor and stockbroker, the court ordered her to relinquish $292,264.00 in cash, 25 assorted gold bars, and 40 bitcoin.
money launderingTetley pled guilty to one count of operating an unlicensed money exchange business, and another related to money laundering. Her case is the first of its kind in the Central District of California.
Tetley was procedurally supposed to register her business with the Financial Crimes Enforcement Network, an agency of the United States Department of the Treasury.
The agency is responsible for analyzing transactions to curb money laundering and related financial crimes. She also failed to implement standard anti-money laundering protocol, including reporting of certain financial sources as per the requirements of this type of business.
Tetley is said to have traded over $6 million for clients within the United States and charged higher rates as compared to other traders within the LocalBitcoins platform.
Also noted in the court documents was that Theresa Lynn laundered bitcoin for a customer who had been suspected of having acquired the cryptocurrency through illegal activities, including drug sales on the dark web.
She also carried out a bitcoin to cash transaction for an undercover agent who had explicitly declared that his bitcoin was tied to narco-trafficking operations.
According to the report, Tetley’s service was responsible for fueling the growing use of cryptocurrencies to launder money and supported a black market system set up purposely to circumvent the law.
The organizations involved in her investigation included the IRS Criminal Investigation and the Drug Enforcement Administration.
Just One of Many
That said, the government has been committing significant resources to counter the crypto – dark web menace, and earlier this month, a major sting operation was carried out against a major money laundering network. Thirty-five suspects were arrested.
One individual, identified as John Edward Monette, was charged with Conspiracy to Distribute a Controlled Substance. He was also alleged to have carried out numerous bitcoin for cash exchange transactions on the dark web, most of them in 2017 and totaling about $19,000.
Another dark web vendor busted during the operation, Ryan Farace, 34 was indicted for being involved in an alprazolam tablets manufacture and distribution scheme.
He sold the drugs on the dark web, with all transactions being made in bitcoin. Additional digital currency money laundering transactions were made to conceal the sources.
EOS is a cryptocurrency that was introduced in 2017 and is based on blockchain and smart contracts. Its key features are scalability, decentralized apps, and huge throughput (a few million transaction per second).
This is another step towards developing our crypto portfolio.
Our clients do value the flexibility and state of the art technologies we offer them As for us, our mission is meeting their expectations and constantly improving the trading conditions by opening the door to new instruments and opportunities.
says Denis Golomedov, ;Marketing Director at RoboForex.
Roboforex and Cryptocurrency
This Broker has been on the forefront of crypto trading on the Metatrader 4 and Metatrader trading platforms from the beginning and pushing for more and more trad-able assets to be added to their offering .
it took this broker a little bit of time but now that they got them selves into the cryptocurrency trading arena they come to lead the pack. this in combination with their the trading platforms they are offering makes this a broker to take notice of.
as yet there are not enough brokers that offer metatrader 5 and especially one where you are able to trade bitcoin ethereum, litecoin and now also EOS.
RoboForex is a brokerage company catering to clients from various countries. The broker's focus is providing the traders with access to its own financial market platforms.
RoboForex Ltd is a licensed company (License No. IFSC/60/271/TS/17).
CMSTrader Islamic Account | Swap free trading with CMSTrader
When you are going through financial transactions, services and Forex trading accounts available at CMSTrader, then you will come across a specific account type; Islamic Account. This is a reserved type of trading account for the Islamic countries and Muslim traders.
this broker is experienced and it offers it valuable trading predictions, notable Forex accounts, services, advisory assistance and many other facilities which you need in order to trade the proper way.
Before you open account it would be wise to first open a demo account
Their demo account is a full feature account that will allow you to trade with $10000 virtual money I order to:
get the feel of the platform
Test their trading signals
Test your strategy
Test the expert advisors
Test the brokerage for slippage and trading conditions
This account will be active for a whole month and is free.
Then once you are satisfied and are ready to start trading for real you request them that your account will be an Islamic accounts.
This will work for every account type they have.
CMSTrader Trading Platforms
To serve the trading needs of their different level of clients, CMSTrader provided the traders with the use of the Sirix WebTrader. This platform is powered and developed by Leverate, a leading broker solution services provider for brokers all around the world. and was launched in 2012
The platform requires no download and is accessible with any web browser.
Major features of the SIrix WebTrader include support for advanced charting, one click trading, seamless social trading, and real time trading. Mobile versions of the Sirix trading platform are also available for traders who want to trade the markets from their mobile devices.
For traders who want more control over their trading platform and their trading in general, they can also download and install the Sirix Station onto their computer.
This desktop version of the Sirix platform offers traders the ultimate combination of configuration ability and stability and is a true pleasure for trading.
CMSTrader account types
the different account types are the following
Minimum deposit of $500
Minimum deposit of $5000
Minimum deposit of $50,000
Access to more 120 currency pairs
Direct access to trading room
Full personalized service
Direct access to research team
Phone orders supported
Direct access to trading room
Direct access to research team
Phone orders supported
all of these accounts could be turned in to n cmstrader Islamic Account
Unlike what is provided by most forex brokers, CMSTrader’s traders have the benefit 24/7 customer support services.
The services are available in English, French, Arabic, Italian and Russian.
Traders can contact the support team through email, web contact form, live chat or the telephone.
CMSTrader Islamic Account | Swap free trading with CMSTrader
this is a solid broker that is trying very hard through offering the right tools and service to make a name for itself on the international stage of the industry. their trading platforms and trading conditions are fair and their service is prompt.
what stands out are the services towards the beginning traders, the educational tools are superb and the trading signals they provide to all their traders are very good.
in short this is a broker you should feel free to give a try.
The Legacy FX Islamic account adheres to the principles of Islamic law regarding banking activity and Riba (interest). It is an interest-free or swap free account type, for those who, for religious reasons cannot trade on interest/swap incurring accounts.
However, account holders will still enjoy all of the benefits of all the Account Types offered by Legacy FX, their same spreads and same trading conditions you can find in their account information.
the moment you open any Account Type you need to contact your Account Manager to activate by letting them now with your account number and the wish to have the Legacy FX Islamic Account - send this request to email@example.com.
This is simple and pretty straightforward. Use lemon could count is an account equal to me live account. This way you're able to test the actual broker performance. The trading conditions and see. And develop your own trading strategy.
In addition, one of the key features of this broker is that they provide specific trading signals. These are like recommendations that would tell you too went to go in and went to go out on which currency pairs, you should trade at what particular moment. Especially for new traders that are just entering the market and still have no idea what to do this is of great help.
Legacyfx offers 3 different accounts. There's the silver account the gold account in the platinum an account.
Silver account is for the basic beginners and requires a deposit of $500 to gold account is already an investment of $5000 in the experience. Investors are looking at $25,000 for the platinum account.
The main difference between the accounts is the spread.
Every account type is offered also as an Islamic account meaning that the moment you open an account and made a deposit, you notify the support team of the broker and let them know that you require an Islamic account. They will change it in the back office to make sure that your account is swap free.
LegacyFX Trading platforms.
Legacy FX offers in reality 2 different trading platforms. There is the MetaTrader 4. The most used trading platforms where the retail traders in the industry. Is trading platforms allow you to? Trade with experts advisors and amazing charting package. Is the platform needs less of an introduction?
The second platform is the more advanced version for the MetaTrader 4 trading platform the Metatrader 5. This Platform is the latest development and will give traders the best tools for trading.
With the legacyFX Webtrader (MT5), you're able to trade anywhere at any time without actually having to download or install anything.
This way, the legacyFX Webtrade r(MT5) enables you to access the market within seconds. This is a platform that provides you with real-time quotes and has in one click trading feature.
This feature allows you to open any kind of trade with Just one click. In addition, it supports all order types and allows you to set limits to control of your risk.
And then there is the mobile version of the same platform. Of course, he's mobile version has it in the lesser number of features, since the screen is much smaller nonetheless it will allow you to open trades and follow the news as you are trading.
Spreads are indicated in Value
No Commissions – except Stocks - LegacyFX.com earns on each Forex trade from a mark-up embedded in the spread, which is the difference between the bid price and the ask price.
Fractional Pips: They offer clients fractional pips, that are up to 10 times more precise, to take advantage of smaller price movements.
Swap Free on all LegacyFX Account Types (Silver, Gold, Platinum).
The broker offers is fixed and variable spreads. Now I have to mention they are not one of the cheaper brokers. One might call him actually a little bit expensive on the other hand, which you receive as a broker will compensate for that without any problem.
They have all the major currency pairs as well as some miners and Exotics. They offered trading in Indices, precious metals and commodities
This broker is a legit and solid choice for anybody that looks to trade seriously. That trading platforms accommodate every level of trading. And there acid index is more than sufficient.
There, a bit on the more expensive side, but for that you get premium service and support. The LegacyFX trading Academy is second to none. It provides you with full course and tutorials.
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Risk Warning: Trading Commodities, Forex (FX), CFDs, and Options are a high-risk activity. You could lose more than you initially deposited. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk.Advertiser Disclosure: forexislamicaccount.com is an independent specialized comparison site funded from the referral fees from the sites that it promotes. forexislamicaccount.com receives compensation from the brokers sites and advertisements it features. Thanks to this compensation, we can provide you a free comparison tool. forexislamicaccount.com is not able to display and feature information about all the available broker sites or broker site offers.