Alfatrade Case Study

712 Words 3 Pages
AlfaTrade account types and platforms also offering Islamic account
The forex market is a large trading market involving currency trade. This fast paced market is dominated by central banks, wealthy individuals, hedge funds and other financial institutions. Advanced in technology has made it easy to trade currencies, as this can now be done online through a brokerage account. The greatest advantage of currency trading remains the facts that it is less volatile compared to commodity or share trading because fluctuations in currency pairs typically hover below 1%. The forex fluctuations are determined by factors such as international parity situation, asset prices and balance of payments. Depending on the size of your account, an astute currency speculator can take chances with his leverage to make meaningful movements in order to attain profitability.

The other benefit is the ability to open and close positions in only a few minutes or weeks depending on your market read. However there are plenty of other opportunities which currency traders can use to make money. AlfaTrade is one of the key players in the global forex trade. Although the company maintains its headquarters in London, it operates several around the world. Due to its consistent growth and market reputation,
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Islamic banking services are provided by a host of institutions, including strictly Islamic banking institutions and several non-Islamic banks, which also offer other types of accounts. When it comes to forex trading, Muslims are prohibited from earning interest because of the interest free nature of the account. A true Islamic trading account doesn’t in any way charge hidden fees, whether expanded margins and requite fees. Islamic forex account and banking services are open to people of other faiths. Since the currency trading platforms operate around the clock and may attract a special fee known as

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