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Islamic Account

Halal Trading

Engage in 100% halal trading with our Islamic Forex accounts

Discover our swap-free Islamic accounts tailored for Muslim traders. Trade your favorite instruments on MetaTrader 5, or pemaxxTrader, pemaxx's own halal trading platform—without any interest charges or hidden fees and with the same tight spreads as always.

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Why is Forex trading halal with Pemaxx?

Most Muslim traders require special trading conditions to align their experience with the religious demands of Islam. In response to these demands, we have designed our trading platform to be 100% halal in relation to the three key aspects of Sharia-compliant trading: no riba, no maysir, and no gharar.

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No riba (interest)

All our accounts are completely swap-free; you do not pay or receive any interest. Moreover, you do not pay any fees or commissions, only actual market-driven spreads starting from 0.6 pips.

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No maysir (gambling)

We do not offer any games of chance: you trade real assets on a real market. With some effort, you can learn to better predict its behavior and improve your skills for better financial outcomes.

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No gharar (excessive risk)

While trading is inherently risky, we help you avoid excessive risk. To shield you from market volatility, we offer negative balance protection so you won’t be able to get into debt. Moreover, we allow you to set any leverage rate from 1:1000 to 1 to control your risk exposure.

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The industry's best Islamic Forex trading accounts

All our trading accounts are designed to be 100% halal by default. Choose the one you like and start trading right away.

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MetaTrader 5

Spread from: 0.6 pips
Floating spread, markup

Trading commission: 0 USD
No swaps, no hidden fees

Min deposit: 25 USD
Recommended: 100 USD

FAQ

Yes, trading is generally allowed (or halal) in Islam—but only if you avoid forbidden (or haram) activities, such as gambling, paying or receiving interest, or investing in unethical business (alcohol, pornography, and so on). We at pemaxx ensure that our trading features are 100% suitable for most Muslim traders. However, if you have doubts regarding your personal beliefs, consult a religious authority or contact our customer service before engaging in trading.

Halal trading is usually defined by three key aspects: no usury (or riba), no gambling (or maysir), and no uncertainty (or gharar). Online trading meets these requirements when there are no swaps or other paid interest (so no riba), when you can analyse markets without relying on mere chance (so no maysir), and when you can exchange standard assets with instant execution and manageable risks (so no gharar). We at pemaxx make sure that all our trading features are compliant with these rules and thus 100% halal.

Yes, Forex trading is generally considered allowed (or halal) for Muslim traders: after all, you trade currencies just like any other asset on a free market. Since you make decisions based on market analysis without relying on sheer luck, it's not gambling. However, you might need a special Islamic Forex account to get rid of swaps (interest paid for open positions) and fully align your trading experience with the requirements of Islam.

Islamic trading accounts are swap-free, so you don't pay or receive any interest for open positions (eliminating riba, or usury). You trade on a real market with other traders, so you can learn to predict its behaviour for better financial outcomes (eliminating maysir, or gambling). We at pemaxx also provide you with negative balance protection and flexible leverage rates from 1:1000 to 1:1 to help mitigate risks associated with market volatility (eliminating gharar, or uncertainty). With these three rules fulfilled, your trading experience becomes halal in Islam.

To open an Islamic Forex account with pemaxx, sign up and choose any trading platform you like: MetaTrader 5, or pemaxxTrader, pemaxx's own trading platform. All our trading accounts are already swap-free, so just make a deposit and engage in halal trading right away.