Forex for a trader
Islamic forex trading platform

Islamic forex trading platformWhat is an Islamic Forex account? According to Islamic law, or Shariah law, Muslims are prohibited from earning interest on their giving. This law, when applied literally, also applies to interest earned on Forex trading. To address this issue and to make it possible for Muslims to trade Forex according to Islamic law, many Forex brokers opened the opportunity for Islamic Forex accounts which offer interest-free Forex trading (aka No Riba Forex). We've taken the time to examine the leading Islamic Forex options and to provide you with a comprehensive comparison so that you can see at a glance which Islamic Forex account is best for you. If you wish to change from a traditional Forex account to an Islamic account, many brokers will accommodate this change quickly and easily. We've noted this ability in the chart below, along with other important information about our recommend Islamic Forex accounts. When choosing an Islamic Forex broker it's important to consider not just the account type, but also the services and trading conditions offered by the broker or brokers you're considering. Sometimes traders prefer to open accounts with two different brokers to see which they like better, and which platform has better performance. Oftentimes traders are willing to take higher spreads in order to get a better trading platform or better customer service. Before choosing your Islamic Forex broker, make sure to consider all your options and to read Forex broker reviews that can help make the decision easier. Choosing an Islamic Forex Account.

No matter what type of Forex account you choose, it's important to execute your trades as wisely and responsibly as possible. It's also important to understand the characteristics of your specific account. Therefore, if you're opting for an Islamic account, consider the options below: Swap Free Forex Account: In Forex trading, a rollover is the term used to describe a position left open overnight. This type of trading usually has fees attached to it, but Islamic accounts waive these fees. No Riba: Although most financial institutions and banks charge or pay interest of some sort, Islamic accounts eliminate all forms of interest. Read about Islamic Forex in your language. Most Visited Forex Broker Reviews. Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees.

Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review.

In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. Islamic Forex Accounts. Compare Islamic Forex & CFD Brokers. Introduction – Why are normal Forex accounts not Sharia compliant (“Halal”)? Standard Forex trading accounts tend not to be Sharia compliant due to the practice of charging overnight swaps. Forex accounts either receive or are charged a fixed rate of interest when a trader holds a position overnight. Whether an account receives or is charged a rate of interest depends on the borrowing costs for the two quoted currencies, though many brokerages add in an extra charge to cover the costs of financing a position overnight. It should be clear that the practice of charging overnight swaps would in breach of Sharia law and this is why standard Forex accounts aren’t strictly compliant with Islam. Best Trading Account for Practicing Muslims. Updated: March 13, 2018 – Tuesday, March 2018 Jumada Al-Akhirah 1439 – Rajab 1439. Rated at Top Provider on TheFXView. com ( More Than 50 Brokers Tested) Custom-built trading platform Seamless Webmobile trading Tight spreads & leveraged trading Advanced trading tools Largest Selection of Instruments – Stocks, Indices, Commodities, Currencies and Crypto Currencies Muslim Accounts with No Swap Fees. Additional Muslim Forex Account Providers: What is an ‘Islamic’ account?

Islamic (or Sharia, Halal, Muslim) accounts are special accounts designated for those unwilling to payreceive daily interest fees as a result of their trading activity. Islamic accounts also do not pay interest on the funds deposited with the FX broker (as some FX brokers bow offer bonuses including account balance top-ups simply for maintaining funds in your trading account). Why are Islamic accounts offered? Islamic accounts are exactly the same as regular FX trading accounts minus the interest feespayments. The reason behind this prohibition is the belief that Muslims should give for the sake of giving and not in order to get something in return. According to Islamic Law, it is forbidden to take or give interest of any kind and Islamic Forex accounts were designed with this in mind. Islamic account eligibility. FX brokers will offer Islamic accounts and some will ask for some evidence of the client being a Muslim. However, given that religious beliefs are a personal thing, and not a bureaucratic signpost, most brokers simply take the clients word for it. As part of the Terms and Conditions, FX brokers tend to stipulate that any abuse of this zero-interest provision will be immediately remedies and appropriate charges reinstated in full. Also, it is worth mentioning that although FX brokers waive the interest charges for clients — they must still pay interest charges themselves to their liquidity providers who will not offer Islamic accounts. Apart from being a messy exercise, these costs are passed onto Islamic account holders via wider spreads, higher commissions or flat service fee charges added to their trading statement at the end of the month. Unfortunately, in the land of financial services, everyone pays the pied piper, including those of the Muslim faith. Are Halal accounts new? Zero-interest trading accounts are nothing new and brokers have been offering this type of service for years. As increasingly more people have engaged in trading at the retail level, Muslim accounts have been something people have asked for. Brokers have responded by providing accounts that suit the requirements of Muslims and continue to offer these accounts on a regular basis upon request.

Why are normal Forex accounts not Sharia compliant (“Halal”)? Standard Forex trading accounts tend not to be Sharia compliant due to the practice of charging overnight swaps. It is a staple of the FX market, to see overnight swap rates charged on all trades done. Forex accounts either receive or are charged a fixed rate of interest when a trader holds a position overnight. Whether an account receives or is charged a rate of interest depends on the borrowing costs for the two quoted currencies, though many brokerages add in an extra charge to cover the costs of financing a position overnight. It should be clear that the practice of charging overnight swaps is in breach of Sharia law and this is why standard Forex accounts aren’t strictly compliant with Islamic practises. This is easily remedied simply by contacting your broker and finding out the details. Do be careful about the exact Terms and Conditions, because some brokers often levy exorbitant fees as a means of recouping the lostgained interest charges which tend to be negative for most tradable currency pairs. Here is an example of how a prominent FX broker addresses the issue of Islamic accounts — simply adding a ‘fee’ to all transactions and changing the terminology from ‘interest’ to ‘fee’: Note the complete lack of availability of Islamic accounts for corporate entities — Islamic accounts are an entirely retail-market phenomenon especially created to attract clientele. Some brokerages will simply waive the overnight swaps without labelling the account ‘Islamic’. Typically, brokerages will waive various fees including interest, if a client has deposited a significant sum of money with the firm and is trading actively.

This is why Islamic accounts often require traders to deposit a significant sum of money. In some cases brokerages will waive the overnight charges but charge Islamic accounts a slightly wider spread in order to make up for the lost overnight swap fees. Alternatively, some Forex brokerages offer Islamic accounts where there are no overnight swaps, but where the brokerage takes a share of customer’s profits again in order to make up for lost overnight swap fees. Islamic trading accounts are becoming increasingly popular not only with practicing Muslims but with those who want to hold positions for a significant period of time without occurring overnight costs. Our Best Muslim Accounts Forex Broker Selection. The brokers featured as the top broker for Muslim traders are also the ones receiving the highest score on our tests. We have independently reviewed over 50 forex, CFD, and social trading brokers, and made sure we will report the most credible companies to invest with. 3 thoughts on “ Islamic Forex Accounts ” Hi, I would like more info regarding your shariah compliant trading. Do investors trade individually or are there professional traders that trade on their behalf? Also please advise, Are their any shariah board advisory that oversees Islamic Trading?

Kind Regards Feroz. Hi Feroz. I don’t think there’s a Shariah Advisory Board supervising over this topic. As far as we know things are pretty straightforward and Shariah Compliant Trading has never been posed an issue. Re: trading – if you consider using professional traders that will trade on your behalf, we advise you to use social trading platforms like eToro or Zulutrade where you can automate your trading without the risk of being scammed by your so-called dedicated broker. hi guys assalamualikum , my name is ali and i am from nigeria , and i will like to trade forex but am scared to invest my money in some kind of a scam broker , and i think the islamic broker will be good but how good is it? and do you guys have an office here in nigeria ? if yes how can i get there ? if not how can i invest? Islamic Trading Accounts. Online trading platforms operate 24 hours a day, and allow people to choose from a large variety of instruments – foreign exchange, commodities, shares, bonds, ETFs, currency options and more. Some of the positions opened by traders are done for day trading – positions opened for a few hours. Other traders, however, employ trades with a longer scope, and wish to keep their positions opened for more than 24 hours.

Open an Islamic Account with us today! Keeping positions opened for over 24 hours entails a special fee called a swap. An overnight Swap, sometimes referred as a rollover fee, is the cost of keeping a position open overnight. It derives from the broker’s selling the position at day’s end to a 3rd party (usually a liquidity provider) and then re-buying it the next day. Because a Swap can be seen as a type of interest, a fee for the service the broker is providing you, it creates a problem for Muslim traders following Sharia law, which forbids certain financial transactions, primarily those accumulating interest. To solve this issue, brokers offer their Islamic finance investors an ‘Islamic account’. This account type is similar to a regular one, with one key difference; it is not subjected to any special fees or interest, which sits well with the finance principles of Sharia law. The Sharia law dictates that the lender must share in the borrower’s risk. In non-Islamic accounts, the risk falls exclusively on the lender. In Islamic eyes, this is considered exploitative and wasteful. AvaTrade is fully committed to providing its traders with a variety of trading solutions to fit their needs and wants.

Note! AvaTrade is not a legislative institution; therefore do not take this Islamic Account definition as permission to trade. Please verify all trading is in accordance with your beliefs. *Cryptocurrency trading is not available on Islamic accounts, to trade cryptocurrencies clients must give up their ‘Islamic account’ privileges and be subject to special fees or interest. *Certain FX instruments (ZAR, TRY, RUB, MXN pairs) are not available on Islamic accounts, to trade these pairs, clients must give up their ‘Islamic account’ privileges and be subject to fees or interest. Best Brokers With Islamic Accounts. We found 10 broker accounts (out of 147) that are suitable for Islamic Accounts. Pick an instrument to compare its spreads, margin & more. EURUSD USDJPY Bitcoin Ethereum Dash Ripple DAX30 FTSE100 Gold BrentCrude Apple Lloyds Update my results. Choose your must-haves to refine your results. Select your must have features. MT4 cTrader WebTrader Mac MT5 NinjaTrader. FCA CySEC ASIC BaFIN. Micro Account Standard Account VIP Account Islamic Account Copy Trading.

Below $1000 $1000 - $9,999 $10,000+ Wire Transfer Credit Card Paypal. Risk Management Features. Guaranteed Stop Loss Trailing Stops Alerts. To see more advanced filtering & broker information please open this page on a laptopdesktop. Offers four ways to trade: Forex, CFDs, Spread Betting, Social Trading. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Central Bank of Ireland, ASiC. Offers two ways to trade: CFDs, Social Trading.

MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Financial Conduct Authority, C. Offers two ways to trade: Forex, CFDs. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods.

Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Financial Conduct Authority, C. Offers three ways to trade: Forex, CFDs, Social Trading. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. London Capital Group. Offers three ways to trade: Forex, CFDs, Spread Betting. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts.

Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Offers two ways to trade: Forex, CFDs. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Offers one way to trade: Forex. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details.

Market Maker DMA ECN Learn More. Offers two ways to trade: Forex, CFDs. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Offers three ways to trade: Forex, CFDs, Spread Betting. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details.

Market Maker DMA ECN Learn More. Offers three ways to trade: Forex, CFDs, Social Trading. MT4 WebTrader Mobile apps See Platforms. Micro Standard VIP See All Accounts. Bank transfer Credit cards PayPal See Methods. Live chat Phone support Email support Contact Details. Market Maker DMA ECN Learn More. Haven’t tried our broker matching tool? Let our tool do the hard work of finding your next broker. It’s free and only takes 15 seconds. The Ultimate Guide to. Choosing a Broker For Islamic Accounts.

Not sure which broker is right for you? Don’t worry - we’ve got you covered. In this guide, you’ll learn: Why AvaTrade scored high for islamic accounts (Jump to section) Who AvaTrade is (and isn’t) suitable for (Jump to section) An in-depth feature comparison of the top #3 brokers (Jump to section) An overview on islamic accounts (Jump to section) Why Choose AvaTrade For Islamic Accounts? AvaTrade scored best in our review of the top brokers for islamic accounts, which takes into account 120+ factors across eight categories. Here are some areas where AvaTrade scored highly in: 12+ years in business Offers 250+ instruments A range of platform inc. MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps. 247 customer service Tight spreads from 0.70pips Used by 200,000+ traders. Allows hedging 3 languages. AvaTrade offers four ways to tradeForex, CFDs, Spread Betting, Social Trading. If you wanted to trade GOLD. The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc. AvaTrade have a AAA trust score, which is v. good. This is largely down to them being regulated by Central Bank of Ireland, ASiC, FSA, FSB and BVI, segregating client funds, being segregating client funds, being established for over 12. Trust Score comparsion. The second thing we look for is the competitiveness of the spreads, and what fees they charge. We’ve compared these in detail in part three of this guide. Who AvaTrade is (& Isn’t) Suitable For. As mentioned, AvaTrade allows you to trade in four ways: Forex, CFDs, Spread Betting, Social Trading. Spread Betting CFD Trading Forex Trading Social Trading.

Not Suitable for: To trade with AvaTrade, you’ll need a minimum deposit of $250. AvaTrade offers a range of different account types for different traders including a micro accountmini account, vip account . Finally, AvaTrade isn’t available in the following countries: BE, BR, KP, NZ, TR, US, CA, SG. A Comparison of AvaTrade vs. eToro vs. XM. Want to see how AvaTrade stacks up against eToro and XM? We’ve compared their spreads, features, and key information below. Spread & fee comparsion. Comparison of account & trading features. What is an Islamic forex account? An Islamic Forex Account is an interest-free account that supports the rulings of Islamic Sharia. In a regular forex trading account, there are certain situations where interest charges may be charged, for example, with London Capital Group, a low 0.0027% overnight financing fee is charged for each open position at 22:00 each day. However, in a halal Islamic Forex account, no interest is charged for an overnight open position in the market like the other conventional trading accounts. Why regular forex accounts are not Sharia compliant (halal)? Muslims cannot just open a regular forex account which makes money from money, by charging interest, and making money from money is not permissible in Islam and referred to as Riba. The interest that is termed as Riba in Islam refers to the amount that is charged above the originally decided amount or any payment that is made without any benefit from the other side.

Riba – interest – is not supported in Islam but in the regular forex accounts, there is certain interests and commission charged on a trade. Secondly, there is another prohibited activity when it comes to Islam which is referred to as Gharar or simply put gambling. Gharar refers to the volatile conditions in the forex market which make it difficult to predict without certainty the what is likely to happen in the future and is akin to gambling. When in any deal, terms and procedures that are not defined and the buyer is not actually aware of all the hazards and outcomes that lead to Gharar and it is declared forbidden in Islam. Types of trading that are not Sharia compliant. The common forex trends followed by the international markets are not complainant according to Sharia. Riba – an interest that is charged from the buyer under different conditions Pledge – a signed commitment that is signed by the customer agreeing to the terms to pay the loan back in the limited time or else the agent is permitted to sell out the contract and recover the loan if the customer is unable to reach the specific percentage of the margin. Loans – money was given by the agent (Bank) to the customer on some settled terms of interest Short selling, trading on margin and forwards sales are also not permitted by Islam. How do you get an Islamic account? Getting an Islamic forex account is not a big deal today; a number of brokers and companies are offering the Islamic forex account services. The accounts are designed in the support of all the Islamic rulings on business and investments. Islamic Forex Trading account is something that is Riba free and follows the Islamic Sharia rulings for business and investment.

Forex Islamic Accounts. About Forex Islamic Accounts. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith. We offer our Islamic accounts to clients following the Muslim faith. How to Open a Forex Islamic Account. The swap-free option can be chosen as part of the trading account registration in 3 easy steps: Open a trading account with us. Login to the Members Area and validate your account. Request An Islamic Account. As soon as our relevant department receives your request, your trading account will receive swap-free status and you will be notified by email accordingly. Please note that XM reserves the right to revoke the swap-free status granted to any real trading account in the event of any form of abuse. No Expiration, No Spread Widening, No Commissions and No Hidden Fees. 100% Shariah Compliant. Account Features at a Glance.

No interestswap charges on overnight positions No spread widening No up-front commissions Positions can be held with no time limit. No re-quotes, no hidden costs Leverage up to 888:1 100% real-time market execution Same trading conditions as for our trading account types. Free and instant access to all trading platforms 245 dedicated support from your Client Account Manager. The XM forex Islamic accounts differ greatly from those generally offered by other forex brokers. The difference lies in the fact that unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, XM imposes no additional charges. In order to abide by the religious law of Islam, traders of Islamic belief are forbidden to pay interest. However, if the interest charge is transferred to a different type of fee, it is basically still a charge that covers the interest. This is also known by the name of swap-free in disguise. XM is firmly against such practices as it opposes to fair and ethical trading conditions. Trading Accounts. Trading Instruments. Trading Conditions. MT4 Platforms.

MT5 Platforms. About XM. 8 x Olympic Champion & 11 x World Champion. © 2018 XM is a trading name of XM Global Limited. All rights reserved. | Privacy Policy | Cookie Policy | Terms and Conditions. Legal: This website is operated by XM Global with registered address at No. 5 Cork Street, Belize City, Belize, C. A. XM is a trading name of Trading Point Holdings Ltd, which wholly owns Trading Point of Financial Instruments UK Ltd (XM UK), Trading Point of Financial Instruments Pty Ltd (XM Australia), XM Global Limited (XM Global) and Trading Point of Financial Instruments Ltd (XM Cyprus). XM UK is authorized and regulated by the Financial Conduct Authority (reference number: 705428), XM Australia is licensed by the Australian Securities and Investment Commission (reference number: 443670), XM Global is regulated by the IFSC (60354TS18) and XM Cyprus is regulated by the Cyprus Securities and Exchange Commission (reference number: 12010). XM Global (CY) Limited with offices at 36, Makariou & Agias Elenis, ‘Galaxias’ Building, 5th floor, Office 502, 1061, Nicosia, Cyprus. Risk Warning: Forex and CFD trading involves significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure.

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Once you agree, the file is added and the cookie helps analyze web traffic or lets you know when you visit a particular site. Cookies allow web applications to respond to you. As an individual the web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences. We use traffic log cookies to identify which pages are being used. This helps us analyze data about web page traffic and improve our website in order to tailor it to customer needs. We only use this information for statistical analysis purposes and then the data is removed from the system. Overall, cookies help us provide you with a better website, by enabling us to monitor which pages you find useful and which you do not. A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us. You can choose to accept or decline cookies. Most web browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of the website. Personal information collected from other sources. We allow you to share information with social media sites, or use social media sites to create your account or to connect your account with the respective social media site. Those social media sites may give us automatic access to certain personal information retained by them about you (e. g., content viewed by you, content liked by you, and information about the advertisements you have been shown or have clicked on, etc.). You control the personal information you allow us to have access to through the privacy settings on the applicable social media site and the permissions you give us when you grant us access to the personal information retained by the respective social media site about you. By associating an account managed by a social media site with your account and authorizing us to have access to this information, you agree that we can collect, use and retain the information provided by these social media sites in accordance with this privacy notice. We may also use plug-ins or other technologies from various social media sites. If you click on a link provided via a social media plug in, you are voluntarily establishing a connection with that respective social media site. If you give us personal information about someone else, you must do so only with that person's authorization. You should inform them how we collect, use, disclose, and retain their personal information according to our privacy notice.

What we do with the information we gather. We require this information to understand your needs and provide you with a better service, and in particular for the following reasons: Internal record keeping. Providing customer service. Improvement of our products and services. When you register to one of our events we use the information to send you information regarding the event and other relevant upcoming events. Please notice that you will subscribe to the event mailing list after clicking "save and continue" in the first registration page. Periodic promotional emails about new products, special offers or other information which we think you may find interesting using the contact details which you have provided. You can opt out of receiving marketing emails by clicking on the unsubscribe link which we include in all our marketing emails. Emailsalerts to you based on your account settings. Personalized experience (including advertising and marketing) on our sites according to your interests. Detect, prevent, mitigate and investigate fraudulent or illegal activities. How long we keep your data: We retain your personal information for as long as necessary to provide the Services you have requested, or for other essential purposes such as complying with our legal obligations, resolving disputes, and enforcing our policies.

How we protect your data. We protect your personal data against unauthorised access, unlawful use, accidental loss, corruption or destruction. We use technical measures such as encryption and password protection to protect your data and the systems they are held in. We also use operational measures to protect the data, for example by limiting the number of people who have access to the databases in which our booking information is held. We keep these security measures under review and refer to industry security standards to keep up to date with current best practice. Sharing your data How we might share your personal information. We may disclose your personal information to other separate services within Finance Magnates LTD or to third parties. This disclosure may be required for us to provide you access to our Services, to comply with our legal obligations, to enforce our Terms of Service, to facilitate our marketing and advertising activities, or to prevent, detect, mitigate, and investigate fraudulent or illegal activities related to our Services. We attempt to minimize the amount of personal information we disclose to what is directly relevant and necessary to accomplish the specified purpose. We do not sell, rent, or otherwise disclose your personal information to third parties for their marketing and advertising purposes without your consent. In the event that Finance Magnates LTD is acquired by or merged with a third party, we reserve the right, in any of these circumstances, to transfer or assign the information we have collected from you as part of such merger, acquisition, sale, or other change of control. In the unlikely event of our bankruptcy, insolvency, reorganization, receivership, or assignment for the benefit of creditors, or the application of laws or equitable principles affecting creditors' rights generally, we may not be able to control how your information is treated, transferred, or used. How do we protect your personal information. We use secure server software (SSL) and firewalls to protect your information from unauthorized access, disclosure, alteration, or destruction.

Furthermore, our employees and third party service providers have access to your non-public personal information only on a "need to know" basis. We follow industry standards to protect the personal information submitted to us, both during transmission and once we receive it. No method of transmission over the Internet, or method of electronic storage, is 100% secure. Therefore, while we use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security. When your credit or debit card account information is being transmitted to our Sites or through our Sites, it will be protected by cryptographic protocols. To be clear, Finance Magnates LTD does not itself store your credit or debit card account information, and we do not have direct control over or responsibility for your credit or debit card account information. We use third party payment processors that are the controllers of your credit card information. Our contracts with third parties that receive your credit or debit card account information require them to keep it secure and confidential. You have the following rights concerning our processing of your personal data: Right to access Right to rectification what is that? Right to erasure Right to object (on grounds relating your particular situation) in case of processing of your personal data based on our legitimate interest (e. g. direct marketing) Right to withdraw your consent at any time in case of any consent-based processing of your personal data without affecting the lawfulness of processing based on consent before your withdrawal; Right to lodge a complaint with a supervisory authority. To raise any objections or to exercise any of your rights, you can send an email to us at [email protected] com or you can write to us at 7 Zabotinski Street, Ramat Gan, Israel.

To exercise choices regarding cookies, you can modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of the website. To stop receiving marketing emails from us, you can opt out of receiving marketing emails by clicking on the unsubscribe link which we include in all our marketing emails. If you have created an online Profile with us and would like to update the information you have provided to us, you can access your account to view and make changes or corrections to your information. You may also contact us as detailed in the Contact Us section, below. When you get in touch, we will come back to you as soon as possible and where possible within one month. If your request is more complicated, it may take a little longer to come back to you but we will come back to you within two months of your request. There is no charge for most requests, but if you ask us to provide a significant about of data for example we may ask you to pay a reasonable admin fee. We may also ask you to verify your identity before we provide any information to you. You can write to us at 7 Zabotinski Street, Ramat Gan, Israel. or you can send an email to us at [email protected]

com. Finance Magnates LTD may change this policy from time to time by updating this page, and by providing any information to Finance Magnates LTD you're accepting such changes. You should check this page from time to time for any changes. This policy is effective from 2505 2018. Cookies Policy : What Are Cookies. As is common practice with almost all professional websites this site uses cookies, which are tiny files that are downloaded to your computer, to improve your experience. This page describes what information they gather, how we use it and why we sometimes need to store these cookies. We will also share how you can prevent these cookies from being stored however this may downgrade or ‘break’ certain elements of the sites functionality. For more general information on cookies see the Wikipedia article on HTTP Cookies. How We Use Cookies. We use cookies for a variety of reasons detailed below. Unfortunately is most cases there are no industry standard options for disabling cookies without completely disabling the functionality and features they add to this site. It is recommended that you leave on all cookies if you are not sure whether you need them or not in case they are used to provide a service that you use. You can prevent the setting of cookies by adjusting the settings on your browser (see your browser Help for how to do this).

Be aware that disabling cookies will affect the functionality of this and many other websites that you visit. Disabling cookies will usually result in also disabling certain functionality and features of the this site. Therefore it is recommended that you do not disable cookies. The Cookies We Set. If you create an account with us then we will use cookies for the management of the signup process and general administration. These cookies will usually be deleted when you log out however in some cases they may remain afterwards to remember your site preferences when logged out. We use cookies when you are logged in so that we can remember this fact. This prevents you from having to log in every single time you visit a new page. These cookies are typically removed or cleared when you log out to ensure that you can only access restricted features and areas when logged in. This site offers newsletter or email subscription services and cookies may be used to remember if you are already registered and whether to show certain notifications which might only be valid to subscribedunsubscribed users. This site offers e-commerce or payment facilities and some cookies are essential to ensure that your order is remembered between pages so that we can process it properly. From time to time we offer user surveys and questionnaires to provide you with interesting insights, helpful tools, or to understand our user base more accurately.

These surveys may use cookies to remember who has already taken part in a survey or to provide you with accurate results after you change pages. When you submit data to through a form such as those found on contact pages or comment forms cookies may be set to remember your user details for future correspondence. In order to provide you with a great experience on this site we provide the functionality to set your preferences for how this site runs when you use it. In order to remember your preferences we need to set cookies so that this information can be called whenever you interact with a page is affected by your preferences. Third Party Cookies. In some special cases we also use cookies provided by trusted third parties. The following section details which third party cookies you might encounter through this site. Third party analytics are used to track and measure usage of this site so that we can continue to produce engaging content. These cookies may track things such as how long you spend on the site or pages you visit which helps us to understand how we can improve the site for you. From time to time we test new features and make subtle changes to the way that the site is delivered. When we are still testing new features these cookies may be used to ensure that you receive a consistent experience whilst on the site whilst ensuring we understand which optimisations our users appreciate the most. As we sell products it’s important for us to understand statistics about how many of the visitors to our site actually make a purchase and as such this is the kind of data that these cookies will track. This is important to you as it means that we can accurately make business predictions that allow us to monitor our advertising and product costs to ensure the best possible price. The Google AdSense service we use to serve advertising uses a DoubleClick cookie to serve more relevant ads across the web and limit the number of times that a given ad is shown to you. For more information on Google AdSense see the official Google AdSense privacy FAQ. We use adverts to offset the costs of running this site and provide funding for further development. The behavioural advertising cookies used by this site are designed to ensure that we provide you with the most relevant adverts where possible by anonymously tracking your interests and presenting similar things that may be of interest. In some cases we may provide you with custom content based on what you tell us about yourself either directly or indirectly by linking a social media account. These types of cookies simply allow us to provide you with content that we feel may be of interest to you. We also use social media buttons andor plugins on this site that allow you to connect with your social network in various ways.

For these to work the following social media sites including; Facebook, Twitter, Instagram, YouTube, LinkedIn, Google+, will set cookies through our site which may be used to enhance your profile on their site or contribute to the data they hold for various purposes outlined in their respective privacy policies. Agreement or the failure of either Party to exercise any right or remedy to which it, he or they are entitled hereunder shall not constitute a waiver thereof and shall not cause a diminution of the obligations under this or any Agreement. No waiver of any of the provisions of this or any Agreement shall be effective unless it is expressly stated to be such and signed by both Parties. Notification of Changes. Hopefully that has clarified things for you and as was previously mentioned if there is something that you aren’t sure whether you need or not it’s usually safer to leave cookies enabled in case it does interact with one of the features you use on our site. However if you are still looking for more information then you can contact us through one of our preferred contact methods. Terms Of Use: In using this website you are deemed to have read and agreed to the following terms and conditions: The following terminology applies to these Terms and Conditions, Privacy Statement and Disclaimer Notice and any or all Agreements: “Client”, “You” and “Your” refers to you, the person accessing this website and accepting the Finance Magnates LTD’s terms and conditions. “The Finance Magnates LTD”, “Ourselves”, “We” and “Us”, refers to our Finance Magnates LTD. “Party”, “Parties”, or “Us”, refers to both the Client and ourselves, or either the Client or ourselves. All terms refer to the offer, acceptance and consideration of payment necessary to undertake the process of our assistance to the Client in the most appropriate manner, whether by formal meetings of a fixed duration, or any other means, for the express purpose of meeting the Client’s needs in respect of provision of the Finance Magnates LTD’s stated servicesproducts, in accordance with and subject to, prevailing English Law. Any use of the above terminology or other words in the singular, plural, capitalisation andor heshe or they, are taken as interchangeable and therefore as referring to same. We are committed to protecting your privacy. Authorized employees within the Finance Magnates LTD on a need to know basis only use any information collected from individual customers. We constantly review our systems and data to ensure the best possible service to our customers.

Parliament has created specific offences for unauthorised actions against computer systems and data. We will investigate any such actions with a view to prosecuting andor taking civil proceedings to recover damages against those responsible. Client records are regarded as confidential and therefore will not be divulged to any third party, other than Finance Magnates LTD, if legally required to do so to the appropriate authorities. We will not sell, share, or rent your personal information to any third party or use your e-mail address for unsolicited mail. Any emails sent by this Finance Magnates LTD will only be in connection with the provision of agreed services and products. Exclusions and Limitations The information on this web site is provided on an “as is” basis. To the fullest extent permitted by law, this Finance Magnates LTD:excludes all representations and warranties relating to this website and its contents or which is or may be provided by any affiliates or any other third party, including in relation to any inaccuracies or omissions in this website andor the Finance Magnates LTD’s literature; and excludes all liability for damages arising out of or in connection with your use of this website. This includes, without limitation, direct loss, loss of business or profits (whether or not the loss of such profits was foreseeable, arose in the normal course of things or you have advised this Finance Magnates LTD of the possibility of such potential loss), damage caused to your computer, computer software, systems and programs and the data thereon or any other direct or indirect, consequential and incidental damages. Finance Magnates LTD does not however exclude liability for death or personal injury caused by its negligence. The above exclusions and limitations apply only to the extent permitted by law. None of your statutory rights as a consumer are affected. We use IP addresses to analyse trends, administer the site, track user’s movement, and gather broad demographic information for aggregate use. IP addresses are not linked to personally identifiable information. Additionally, for systems administration, detecting usage patterns and troubleshooting purposes, our web servers automatically log standard access information including browser type, access timesopen mail, URL requested, and referral URL. This information is not shared with third parties and is used only within this Finance Magnates LTD on a need-to-know basis.

Any individually identifiable information related to this data will never be used in any way different to that stated above without your explicit permission. Like most interactive web sites this Finance Magnates LTD’s website or ISP uses cookies to enable us to retrieve user details for each visit. Cookies are used in some areas of our site to enable the functionality of this area and ease of use for those people visiting. Links to this website. You may not create a link to any page of this website without our prior written consent. If you do create a link to a page of this website you do so at your own risk and the exclusions and limitations set out above will apply to your use of this website by linking to it. Links from this website. We do not monitor or review the content of other party’s websites which are linked to from this website. Opinions expressed or material appearing on such websites are not necessarily shared or endorsed by us and should not be regarded as the publisher of such opinions or material. Please be aware that we are not responsible for the privacy practices, or content, of these sites. We encourage our users to be aware when they leave our site & to read the privacy statements of these sites. You should evaluate the security and trustworthiness of any other site connected to this site or accessed through this site yourself, before disclosing any personal information to them. This Finance Magnates LTD will not accept any responsibility for any loss or damage in whatever manner, howsoever caused, resulting from your disclosure to third parties of personal information. Copyright and other relevant intellectual property rights exists on all text relating to the Finance Magnates LTD’s services and the full content of this website. All rights reserved.

All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Finance Magnates LTD. You may not alter or remove any trademark, copyright or other notice from copies of the content. All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Opinions expressed at Finance Magnates LTD are those of the individual authors and do not necessarily represent the opinion of Fthe Finance Magnates LTD or its management. Finance Magnates LTD has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and omissions might occur. Any opinions, news, research, analyses, prices or other information contained on this website, by Finance Magnates LTD, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Finance Magnates LTD will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Neither party shall be liable to the other for any failure to perform any obligation under any Agreement which is due to an event beyond the control of such party including but not limited to any Act of God, terrorism, war, Political insurgence, insurrection, riot, civil unrest, act of civil or military authority, uprising, earthquake, flood or any other natural or man made eventuality outside of our control, which causes the termination of an agreement or contract entered into, nor which could have been reasonably foreseen.

Any Party affected by such event shall forthwith inform the other Party of the same and shall use all reasonable endeavours to comply with the terms and conditions of any Agreement contained herein. Failure of either Party to insist upon strict performance of any provision of this or any Agreement or the failure of either Party to exercise any right or remedy to which it, he or they are entitled hereunder shall not constitute a waiver thereof and shall not cause a diminution of the obligations under this or any Agreement. No waiver of any of the provisions of this or any Agreement shall be effective unless it is expressly stated to be such and signed by both Parties. Notification of Changes. The Finance Magnates LTD reserves the right to change these conditions from time to time as it sees fit and your continued use of the site will signify your acceptance of any adjustment to these terms. If there are any changes to our privacy policy, we will announce that these changes have been made on our home page and on other key pages on our site. If there are any changes in how we use our site customers’ Personally Identifiable Information, notification by e-mail or postal mail will be made to those affected by this change. Any changes to our privacy policy will be posted on our web site 30 days prior to these changes taking place. You are therefore advised to re-read this statement on a regular basis. These terms and conditions form part of the Agreement between the Client and ourselves. Your accessing of this website andor undertaking of a booking or Agreement indicates your understanding, agreement to and acceptance, of the Disclaimer Notice and the full Terms and Conditions contained herein.

Your statutory Consumer Rights are unaffected. © Finance Magnates 2015 All Rights Reserved.



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