Top managment of stealer who scam money of clients:

Juan Belleza Jr
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/theimbachronicler
639776459387 / 639155292409

Lea Jean Belleza
Assistant
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/lj.r.belleza

James Tulabot
Team Leader
https://www.facebook.com/jamescuzy

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview
https://www.facebook.com/allennicanor.costales
639565914849

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines
https://www.facebook.com/Kristoff225
639561355764

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines
https://www.facebook.com/xanty.octavo
639171031948

Virgilito Dada
Account Manager
https://www.facebook.com/potsdada.antonio

Elton Danao
Sale Manager
https://www.facebook.com/eosnyssa
639175048891 / 639991854086

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

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

In this article, Forex hedging is also analyzed and is seen as a source of Riba income. It is strongly recommended to read this article if you consider yourself a Muslim trader or if you only plan tostart trading Forex while remaining a lawful Islamic believer. We don’t have enough expertise or authority to advise whether Forex trading is Halal or Haram or is allowed under Islamic principles. Hence seek appropriate guidance if you have any doubt as it involves religious sentiments. Some broker FXCL s need the account to be assigned Islamic Account status before you start trading. Hence, ensure that you either have selected to register for an Islamic Forex Account while registering or you have to make your account an Islamic Account by contacting customer support. Islamic Forex Accounts help traders belonging to the Islamic faith to trade Forex.

• This may impact how, where and which companies / services we review and write about.
• IC Markets allow all clients to apply provided they can prove they follow Sharia law.
• The SCM maintains a Public Register of License Holders on its website, and traders may check the Malaysian website of their preferred international broker FXCL and cross-reference the given license number with the SCM database.
• For example, if you’re trading EUR/USD on a swap-free account, the market will be displayed at EURUSD.swf.
• Trading on the Forex markets does not strictly adhere to the definition of gambling.

Should you hold overnight positions then fees start from $1 per lot/per night for major indices, $5 per lot/per night for major currency pairs and metals. IC Markets mission is to create the best trading experience for retail and institutional clients alike, allowing traders to focus more on their trading. Built by traders for traders IC Markets is dedicated to offering superior spreads, execution and service. Islamic Account is specifically designed account for traders who follow Islamic beliefs and offering adjusted trading conditions with no Swaps. The primary principle in the Islamic trading process regulation is to avoid any harmful activities, mainly avoid investments interest, restrict high-risk transactions which prohibit margin and derivatives trading. Also, the Islamic Broker Account should not apply swap or rollover commissions, or interest on overnight positions. Many traders just rush and start trading using real money before they understand how the Forex market works or how to become profitable. Brokers offering Islamic accounts operate under scrutiny to ensure they conform to Islamic finance laws pertaining to the charging of riba. Other than their interest-free nature, all other aspects remain the same including the provision of leverage for trading.

Forex

The SCM maintains a Public Register of License Holders on its website, and traders may check the Malaysian website of their preferred international broker FXCL and cross-reference the given license number with the SCM database. A potential disadvantage of an Islamic account is that you may sometimes need to pay quite a lot in commission in place of overnight swap fees. Some broker FXCL s will only allow you a limited amount of time in which you can trade swap free. Only the better Islamic Forex trading broker FXCL s will allow unlimited swap free trading. Regulations are important for all traders when choosing from a list of the best Islamic Forex broker FXCL s. Regulations will guide, restrict, and instruct broker FXCL s on how to administer accounts. Today, many broker FXCL s around the world are keen to offer Islamic Forex accounts for those who want to comply with Sharia law. This article will help you choose the best Islamic Forex broker FXCL for you and shine some light on the criteria you should be using as you make your choice. AvaTrade is widely regarded as a trustworthy broker FXCL , and in fact was one of the first online retail Forex / CFD broker FXCL s.

• Purely exchanging one currency for another is acceptable, but the nature of Forex markets that deal with contracts for differences results in a conflict between scholars.
• They offer access to more than 120 financial instruments to trade across which include Forex, Crypto, Stocks and Indices.
• This is a confusing and difficult question that makes many people think about it.
• It’s worth mentioning that bitcoin certainly involves an element of risk.

It’s also important to note that no one can be truly sure about what will happen in the future. Forex trading, though not fully accepted and novel, provides new avenues for Muslims looking to diversify their investments. When you lose, someone else takes all the profits without the equal sharing of losses. It’s illustrated in an Islamic dictionary as selling fish that’s yet to be caught from the sea. Muslims are taught to limit Gharar or unnecessary risk to their investments. As the last religion, Islam provides guidance and instruction to practicing Muslims on the set of values they should adopt in matters to do with their economic, social, and personal conduct.

What Qualifies as „Hand to Hand“?

Certain Forex pairs (USDZAR, USDTRY, USDMXN, etc.) are excluded from Islamic trading accounts. In the event of leaving an open position on the foreign exchange market for more than 24 hours, the payment needs special transaction fees to be paid, it is called SWAPs. These fees are a kind of interest rate; therefore, they are problematic for Muslim traders who follow the Sharia Law, which strictly prohibits particular financial transactions, including the payment of interest. Charging of Swaps can be seen as a type of interest; the broker FXCL charges them, which creates a problem for Muslim traders following Sharia law. An Islamic account, also known as a swap-free account, is a trading account that incurs no interest charges or swaps on overnight positions to comply with the Islamic Shariah principles.

AvaTrade offers an Islamic account option, not as a standalone account, but rather as an Islamic version of any other account type. The Financial Conduct Authority authorizes the broker FXCL UK division, where client deposit protection up to £85,000 exists via the Financial Services Compensation Scheme . Additional regulatory oversight applies from the Cyprus Securities and Exchange Commission and the Financial Services Commission of the Republic of Mauritius. You simply open any account type as normal, and then just “enable swap-free mode” in the “accounts overview” section. It is not possible to trade exotic currencies in an broker FXCL Islamic account. Additionally, the Securities & Commodities Authority of UAE is working on legislative restructuring to include forex broker FXCL s. Taking interest is strictly forbidden in Islam and there is no room for a ‘grey’ area in the matter. Hence, any currency trade transaction that involves ANY type of usury, is not allowed in Islam. For example, when you are dealing with the same kind of currency (e.g. dollar for dollar), the exchange needs to be of equal amounts (e.g. 1 dollar for 1 dollar).

Millions of traders participate in the Forex market through Forex Halal Islamic accounts. For instance, they don’t have rollover fees for positions held overnight. Some scholars have ruled out investing in stocks completely or speculating on their price movements when traded as contracts for differences. The Forex broker FXCL providing access to bitcoin trading should offer Islamic accounts that don’t charge riba. When it comes to the element of risk, individual traders should seek out as much knowledge as possible to limit the risks they expose to their assets.

If you are looking for the Best Islamic Forex Brokers 2022, you may find AvaTrade the most reliable broker FXCL with Islamic Trading Accounts. All these Forex broker FXCL s are well-established firms with 10 years or more of service in the market. Ava Trade has specially designed Islamic Accounts to serve the traders belonging to the Islamic faith. The traders must select an Islamic trading account while registering an account. 3-Selling currencies is usually done without the hand to hand exchange which makes them permissible according to sharee’ah (i.e., hand to hand exchange is what makes the transaction permissible).

The Speculative Nature of Forex Trading in Islam

One of the best advantages of Islamic accounts is that those who are Sharia compliant can trade without going against their beliefs. Also, without any swap fees, traders can go a long time without being required to make any interest payment. Another benefit is the Mudarabah Agreement where both parts will share profit and loss. Islamic accounts can offer any markets for trading if the asset itself is compliant with Sharia law, as long as the basic principles against Riba etc. are honored. For example, an Islamic account could not offer trading in the shares of a company which manufactures alcoholic beverages as such beverages are forbidden in Sharia and no Muslim should profit from them.

In this world of profit-oriented businesses, it becomes imperative to sustain specific ethical and moral standards. As per the Muslim law, one can not carry out any business and financial contracts which do not adhere to the Islamic principles. The primary feature of Islamic finance is socio-economic and distributive justice. Islamic finance must help in the development and the well being of the Islamic community. No other broker FXCL has more expertise than Ava Trade in Islamic trading, Ava trade started its service to fulfill the deficiency of a trustworthy Forex broker FXCL in the Middle East. Within a short span of time, it has become the most trusted trading platform in the MENA region and has local offices in GCC countries.

Most of the Brokers operation or accepting Malaysia clients offer Islamic or Swap Free accounts. Swap rates are overnight adjustment fees that are depending on the instrument you trade and might be negative or positive depending on the position sell or buy. ” speak to your spiritual teacher on this matter before undertaking your Forex trading career. And if you choose this as a way of making money, it’s in your best interest to reduce risks as much as possible by first practicing in a trading demo environment. Starting with the first question, Bitcoin meets the guidelines on ownership. We must also recognize that businesses, in their fundamental nature, create and assume risk to make profits. The trader who accurately identifies the needs for a certain type of goods such as carpets and undertakes to fulfill this demand may profit or make a loss. The prosperity created in life is brought about by solving challenges through our God-given intelligence and skill. Islam does not say anything specific about Forex trading, although it does have rules governing commerce and exchanges of value, which must be “hand to hand”. Losses must also be shared by those in a Musharakah Arrangement, but the amount of such will depend upon the amount of invested capital.

Well, basically, Islamic Forex account is like any other regular trading accounts minus the interest payments that accompany most Forex trading accounts. Interest-free doesn’t necessarily mean you’ll be at an advantage, as some broker FXCL s will look for alternative sources of revenue if they cannot charge interest. This is why Islamic accounts can have marginally wider spreads than conventional accounts. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. It is really important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose. If you wish, we will provide you with an experienced professional trader who will trade on your behalf in a halal Islamic trading account that is free of interest. We are a group of Muslim traders interested in trading and investing online.

Islamic Forex

Some recent scholars have opined that futures, in general, should be permissible, because the efficient cause, that is, the probability of failure to deliver was quite relevant in a simple, primitive and unorganized market. Nevertheless, such contention continues to be rejected by the majority of scholars; they underscore the fact that futures contracts almost never involve delivery by both parties. On the contrary, parties to the contract reverse the transaction and the contract is settled in price FOREX SCAM difference only. In addition, regarding the forecastability of exchange rates, they are volatile and remain unpredictable at least for the large majority of market participants. And any attempt to speculate in the hope of the theoretically infinite gains would be a game of chance for such participants. Fxclearing.com offers Forex and commodity trading accounts in Islamic format at no additional cost. What’s more, you can keep your open positions overnight for up to two weeks with no additional cost.

As the forex prop firm industry has grown, so has the amount of prop firms offering funding for traders. With forex broker FXCL s reducing leverage and the industry getting more regulated, trading your… For a long time, retail Forex broker FXCL s reflected the market practice of paying or charging to the trader the interest differential between the two components of any currency pair whose position remains open overnight. Eventually, most Forex broker FXCL s responded to market forces by becoming “Islamic Forex Brokers” and offering “Muslim Forex Accounts” which operate without standard interest payments. You might ask how they did so and maintained the profitability of their operations. This was achieved by charging increased commissions in spot Forex trades, and this practice has become the hallmark of nearly all Islamic Forex broker FXCL s.

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