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Profit Trade Islamic Account | Swap free trading with Profit Trade
When you are going through financial transactions, services and Forex trading accounts available at Profit Trade, 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 $10,000 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.
Profit Trade Trading Platforms
To serve the trading needs of their different level of clients, Profit Trade provided the traders with the use of the Tradersoft Web-Trader. This platform is powered and developed by Traderssoft , a leading broker solution services provider for brokers all around the world.
The platform requires no download and is accessible with any web browser.
Major features of the WebTrader include support for advanced charting, one click trading, seamless social trading, and real time trading. Mobile versions of the 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 Trading 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.
Profit Trader account types
About Forex Islamic Accounts
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. They offer our Islamic accounts to clients following the Muslim faith.
As soon as their relevant department receives your request, your trading account will receive swap-free status and you will be notified by email accordingly. Please note that Profit Trade reserves the right to revoke the swap-free status granted to any real trading account in the event of any form of abuse.
Benefits
The Profit Trade forex Islamic accounts differ greatly from those generally offered by other forex brokers. The difference lies in the fact that unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, Profit Trade imposes no additional charges.
In order to abide by the religious law of Islam, traders of Islamic belief are forbidden to pay interest. However, if the interest charge is transferred to a different type of fee, it is basically still a charge that covers the interest. This is also known by the name of swap-free in disguise. Profit Trade is firmly against such practices as it opposes to fair and ethical trading conditions.
Customer Support
Unlike what is provided by most forex brokers, Profit Trade’s traders have the benefit 24/7 customer support services.
The services are available in English, German, Arabic, Italian and Russian.
Traders can contact the support team through email, web contact form, live chat or the telephone.
Profit Trade Islamic Account | Swap free trading with Profit Trade
Conclusions
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.
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