The Forex Market And The New Alfatrade Muslim Compliant Account Essay

The Forex Market And The New Alfatrade Muslim Compliant Account Essay

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The Forex Market and the New AlfaTrade Muslim Compliant Account
Forex Trading
The forex market place is a huge, fast paced currency trading market dominated by central banks, wealthy individuals, hedge funds and other financial institutions. Today’s advances in technology have made it easy for brokerage account holders to trade online and on mobile devices. The greatest advantage of currency trading is low volatility compared to commodities or share trading. This is usually the case because fluctuations in currency pairs typically hover below 1%.

Forex fluctuations are determined by wider implications such as international parity position, asset prices and balance of payments. Depending on the size of your account, you can use your market leverage to make meaningful movements in order to make great returns. The other benefit of currency trading is the opportunity it affords to open and close positions after only a few minutes or weeks, depending on the astuteness of your decision or market read.

Islamic Forex Trading
AlfaTrade is one of the key players in the global forex trade. The London based currency trading company operates a reliable online forex brokerage service with an international outreach in over 150 countries. The company also provides various investment options to investors, including trade in stocks using the Contract for Difference (CFD’s) tool and commodities trading. To serve its growing base of international clients more efficiently, the company operates several accounts, including; Islamic account/Swap free, binary option account and Straight Through Processing (STP) account and Forex VIP account.

The other accounts include Cent Account and ECN Account. With regard to forex trading, Muslims are prohibited ...


... middle of paper ...


...s account holders to automatically or manually mirror the moves of successful forex traders or trading strategies as a way to limit the risk of exposure.

Summary
The trading accounts offered by AlfaTrade are specially designed to fit the needs of various clients from those with VIP trading accounts to premium and basic accounts. Each of these accounts comes with own spread limit, which is generally tied to the size of investment. Services are also provided in different international languages to ensure every client trades in a language he or she understands. If you are new to Islamic forex trading, the brokerage firm also provides free demo accounts to help clients acquaint themselves with the trading platform and trade with confidence. Account holders are also entitled to various teaching materials, including e-books, information-DVD, webinars and Video on Demand.

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