It is not that well understood why certain Forex brokers are acceptable to Muslims and others are not. The reason is actually very simple. Islamic law prohibits any form of usury, meaning any financial transaction where one either pays or receives interest. If you keep a Forex trade open past a certain time, which is usually 5pm New York time, you will either receive or be charged a small amount of interest on your open trade, which is based upon the differential in the current respective market ...
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