Islamic Forex Trading Opens New Doors in Online Forex

The Foreign Exchange Industry is now more accessible than ever to the Islamic Community. Islamic forex trading is gaining momentum as a result of innovative products like those from the Islamic forex broker, Tadawul FX. Tadawul FX is forging new ground in the Islamic forex arena. By including the Islamic Community in foreign exchange, Tadawul FX is positioned for serving an increased customer base with exceptional commodity brokerage services.

The Islamic Community does not accept the practice of an interest rate charge. Since foreign exchange originated in the West, many of the foreign exchange trading tools include an interest rate, which excluded the participation of a large part of the global economy. As a result, Islamic forex trading requires the elimination of the interest rate in order to make it more aligned with Islamic observances.

The Tadawul FX Islamic forex account is specifically designed for Islamic forex traders. Naturally, the Islamic forex account has a ‘No Riba’ policy, which is interest free and allows clients to hold positions at the original opening price for an undetermined amount of time until they are closed for no additional charge. The innovative ‘No Riba’ policy allows for truly Islamic forex trading. As one may suspect, the ‘No Riba’ policy may be abused by clients placing Tadawul FX at risk; therefore, Tadawul FX reserves the right to rescind the policy with a 48 hour email notification.

Additionally, Tadawul FX offers Islamic forex clients the option to participate in Hibah through the option to donate a portion of the profits to select organizations. This streamlines the donation or Hibah process.

Tadawul FX uses the extremely versatile and easy to use online forex trading software Metatrader 4 (MT4). The benefits of the 129 bit key encryption platform include several indicators, instant execution, professional charting packages, and foreign language support. There is automation and customizable expert advisors that helps to efficiently conduct Islamic forex trading.

With a foundation of honesty, clarity and integrity, Tadawul FX is a leading Islamic forex broker. They provide access to over 120 currencies and over 1000 indicators. They also provide daily risk assessments, daily market expectations, and a weekly calendar. Client funds are held in AA and AAA Banking Institutions for additional peace of mind.

For more information about Islamic forex trading or an Islamic forex account visit the Tadawul FX website at: http://www.tadawulfx.com

Tadawul FX has professional Islamic forex experts available 24 hours a day five days a week to better serve their customers. They may be contacted by phone at +357 25200900 or via email at support@tadawulfx.com.

Tadawul FX is rapidly becoming one of the top online forex trading companies in the world. With the Islamic forex account they have distinguished themselves as a top Islamic forex broker.