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Yes, there are Forex Companies that give MT4 platform along with the Islamic swap free accounts.

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Yes, there are Forex Companies that give MT4 platform along with the Islamic swap free accounts.

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Forex trade when it is done physically on the spot is Halal and permissible. Any profit earned from such trade is also permissible. Online forex exchange where people buy and sell different currencies online without actually acquiring physical possession is not allowed according to many scholars.There are many brokers out there such as instaforex,Greenvault FX,yadix, etc.. who are offering islamic swap free account to islamic traders.

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"The Managed Forex has to do with trading.

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By halaal I'm assuming you mean to ask if it complies with the Islamic law.

Some forex brokers have set up Islamic accounts specifically for this purpose. They are know as Islamic or Swap free accounts.

The basic premise of the "islamic-safe" type of forex accounts comes from Shariah law interpretation that muslim cannot receive anything in return for giving. This means no interest can be given or received on any financial account.

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One can check the Forex markets on the Forex official website. The website Forex Markets is also a good way to check on all the latest news and charts regarding Forex.

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