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Sharia finance forbids loans and investments that cost or pay curiosity (riba), so individuals looking for Islamic forex brokers need interest-free options. Among these investors, swap-free accounts are the most popular sharia-compliant forex product. You may offer swap-free accounts for Muslim traders by charging set charges for overnight positions as a substitute of curiosity.

Monetary regulation safeguards customers. Broker regulation is lacking, resulting in poor service and presumably monetary loss. Iran brokers are regulated to keep away from fraud. The agency’s operational capital and the shopper-funded account should be maintained individually. It is considered fraud when client cash is utilized to do enterprise. Laws is required to prevent this from taking place.

Your firm can set up an inside SBB. This may be complicated because there are a restricted variety of Islamic jurists to fill these roles, and they might demand a high payment for their services. Nonetheless, the funding will enable you to draw a larger number of shoppers in MENA. Establishing an SSB also allows you to use for particular licenses in countries that have separate licenses for Islamic funding corporations, like Bahrain.

No much less a trading wizard than the nice Paul Tudor Jones, فارکس.net creator of the massively profitable hedge fund, the Tudor Corporation, has flatly said that “The most essential rule of buying and selling is to play nice protection.” (By the way, Tudor Jones is an excellent trader to review and learn from. Not only does he have a nearly unparalleled document of worthwhile trading, but he can also be a major philanthropist and was instrumental in creating the ethics training program that was eventually adopted as a requirement for membership on all U.S. futures exchanges.)