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Account Types

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Islamic Account

Classic

Classic

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

Standard

Standard

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

VIP

VIP

MT5
Spread starts from 2.0
Upto 1:15 Leverage
Stop Out: 50%
Margin Call: 100%
Execution Type: DMA (NDD)
EA Supported
VPS: Available*
Webinars: Weekly
Education: Expert
24/7 Days Support
Scalping - No
Minimum Deposit $100K
Sign Up


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?

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Doyos Global Ltd. is Registered & Licensed in Saint Lucia. Registration No- 202300626
Registered Address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia

High Risk Investment Notice: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional and eligible counterparty clients. For clients who maintain account(s) with DOYOS Global Ltd, retail clients could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds and professional clients could sustain losses in excess of deposits. Prior to trading any products offered by DOYOS Global Ltd, any affiliates of aforementioned firms, or other firms within DOYOS Global Ltd of companies [collectively the “DOYOS”], carefully consider your financial situation and experience level. DOYOS Global Ltd may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. DOYOS Global Ltd assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on DOYOS Global Ltd websites prior to taking further action.

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