Can I have an Islamic Account?We offer the possibility to open Islamic (Swap-Free) Accounts with us.
Swap-free trading accounts are available only to those clients who cannot use swaps owing to their religious beliefs.
Accordingly, we reserve the right to require adequate justification for and/or proof of the necessity or need of any such conversion.
Furthermore, we reserve the right to refuse the processing of any such request for any reason whatsoever, without being obliged to provide any explanation or justification.
While you can file a request for an Islamic Account at any time, the filing of such request entails that all your other real trading accounts with us will be converted into Swap-Free trading accounts as well, without any further notice being required. Conversion of a real trading account to a Swap-Free trading account is performed by our Back-Office Department only upon your consent to complete and submit such a request.
We will then evaluate the request along with the required documentation submitted to us and shall inform you whether your request is accepted or not.
Can you trade for me?Although we cannot trade on your behalf, we have a wide range of tools and market reports that can help you make an educated decision.
How can I get in touch with your representatives?Go directly to "Contact Us" section and choose the way you wish to connect with our Customer Support!
What are the benefits of trading with a regulated company?One of the advantages of trading with a regulated broker is that you know you are contracting with a reliable and reputable provider in a regulated environment, which has strict rules and regulations designed, in particular, to protect the interests of retail clients.
What is a Contract for Difference (CFD)?A contract for difference (CFD) is a contract between two parties, typically described as ""buyer"" and ""seller"", stipulating that the seller will pay the buyer the difference between the current value of an asset and its value at contract time (if the difference is negative, then the buyer pays instead to the seller).
When investing in CFDs, the key word is ‘difference’ and this means that you are, in fact, not actually buying the physical asset, but instead, you are taking a position on the value of the underlying asset.
In effect, CFDs are financial derivatives that allow traders to take advantage of prices moving up (long positions) or prices moving down (short positions) on underlying financial instruments (a futures contract) whereby differences in settlement are made through cash payments, rather than by the delivery of physical goods or securities.
That is, your profit or loss is determined by the difference between the price at which you enter a trade and the price at which you exit.
For example, if you believe the price of gold is going to increase against the US dollar (USD), you will buy gold and sell the USD, for a set price.
You do not ‘own’ a piece of gold but instead, you have opened a contract for a specific price with the view that when you sell it back, the price of gold would have risen and you will receive the profit.