12 May
TDFX (Tadawul FX) provides online Islamic forex trading conditions which are specifically customized to be compliant with Muslim beliefs. According to Sharia Law, wealth should be generated only through legitimate trade and investment in assets; all forms of interest are forbidden. Therefore, in order to make online trading available to all that are interested, TDFX offers Islamic forex trading accounts that are SWAP free.
Clients are not charged interest for holding overnight positions. Additionally, there are no extra fees or commissions charged as a way to compensate for these interest free accounts. Such practices would not be acceptable according to Islamic beliefs because the charges would be considered another form of interest fees. This is how many online Islamic forex accounts work. TDFX insures that high standards and ethical trading conditions are maintained as all clients are treated fairly and professionally.
Opening accounts at this top Islamic forex broker is a simple process via a secure online application form. Tadawul FX offers a Demo account that provides an opportunity for new traders to practice and perfect their skills and plans. A Demo account offers ‘realistic world’ trading without the risk of losing ‘real money’. Clients can keep Demo accounts for as long as they want. When they are ready they can choose between one of three types of trading accounts offered: Mini, Standard, or Premium. The type of account is actually based on the amount you invest in it. As you would imagine, Mini accounts have a smaller balance. They range from $500 to $5000. The Standard accounts have a balance of $5000 to $150,000, and the Premium accounts have a balance of $150,000 or more.
The TDFX No Riba Policy provides that clients may hold positions for an undetermined time at the original opening price until they are closed, without incurring fees or charges. Clearly, TDFX provides fair trading conditions for its clients. This is reinforced by the fact that it is licensed and regulated by CySec.
The regulatory body works to ensure that each trading methodology is executed in a manner that is in the best interest of the customer, before awarding its license and placing a broker under its regulation. Most companies are denied because they do not pass the stringent requirements.
If you are interested in opening an Islamic forex account with Tadawul FX you can visit their website at: www.tadawulfx.com . You’ll find the site offers educational resources such as a forex overview, articles, a forex glossary, a tutorial, trading tips, and a gold and silver overview. Whether you’re new to forex trading or a seasoned investor, there’s sure to be something there of interest for you. Or you can get started with a Demo account. It’s free and easy to set up. It’s a great way to learn and build your confidence as your skills are honed. Then, when you’re ready, you can open a live account. It only takes five minutes.
Website: www.tadawulfx.com
Phone Number: +357 25200900
Email: support@tadawulfx.com
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