Classic

Classic

MT5
Spread starts from 3.0
Upto 1:1 Leverage
Stop Out: 50%
Margin Call: 100%
Execution Type: DMA (NDD)
EA Supported
VPS: Available*
Webinars: Weekly
Education: Basic
Swap - NO
24/7 Days Support
Scalping - No
Minimum Deposit $5K

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Standard

Standard

MT5
Spread starts from 2.5
Upto 1:1 Leverage
Stop Out: 50%
Margin Call: 100%
Execution Type: DMA (NDD)
EA Supported
VPS: Available*
Webinars: Weekly
Education: Expert
Swap - NO
24/7 Days Support
Scalping - No
Minimum Deposit $10K

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VIP

VIP

MT5
Spread starts from 2.0
Upto 1:1 Leverage
Stop Out: 50%
Margin Call: 100%
Execution Type: DMA (NDD)
EA Supported
VPS: Available*
Webinars: Weekly
Education: Expert
Swap - NO
24/7 Days Support
Scalping - No
Minimum Deposit $100K

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GOLD

GOLD

MT5
Spread starts from 2.0
Upto 1:1 Leverage
Stop Out: 50%
Margin Call: 100%
Execution Type: DMA (NDD)
EA Supported
VPS: Available*
Webinars: Weekly
Education: Expert
Swap - NO
24/7 Days Support
Scalping - No
Minimum Deposit $500K /
200 Ounces Gold


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About Halal Forex Trading

Halal Trading with Islamic Forex Accounts

Islamic Finance is Guided by Four Basic Principles:

According to Islam, gambling is prohibited but trading forex and other financial instruments can be considered an educated game of chance which involves the buying and selling of assets based on forex market analysis and using a variety of concepts and trading strategies.

Usually, when a trader holds open positions at the close of a trading session, DOYOS charges a swap commission linked to an interest rate which is in turn related to the fact that traders receive an indirect loan through leverage. This leverage usually results in profit for the forex broker and therefore why a standard trading account is classified as haram given it includes interest payment whereas an Islamic trading account would be halal as it does not feature payment of these swap interest rates and therefore satisfies the riba threshold.

One of the principal concerns about trading is the element of shared risk. Interest ensures a reward for the lender and the borrower is the one who incurs the risk. Excessive or a high level of risk (gharar) is prohibited in the same way that excessive gambling is. Financial activity must also be seen to promote social and economic activity and justice as well as happiness. With an Islamic trading account, all interest charges are waived.

Now that interest rates not being applicable, the next item to consider is that trading is only permitted if it is "hand in hand". In times gone by this meant face-to-face but in the modern world and with the advent of online trading and e-commerce, which involves an almost instantaneous transaction between broker and trader executed in seconds, is considered halal under Shariah and is therefore permissable.

Why Trade with DOYOS Islamic Account?