Assalmualiakum wah rah mahtullah.
I hope that you could answe this question I have. I dont want to partake in this if its Haram and its quite important I do see if its Halal or not.
There is a compnay called FTMO. Essentially, it allows you to trade Forex,metals,indicies, crypto etc. You essentially pay a deposit fee to take part in theor trial process and then if you pass the trial you are guranteed to trade for them. I know that forex is Haram due to the settlement date issue and leverage aswell as the overnight intrest charge. I have spoken to them and I am allowed an islamic account (no overnight charge/rollover ) and I can request the account be made into a 1:1 leverage. So if I dont do Fx trading but do the metals and crypto( like BTC) through this route. If I pass they would provide me with a demo account and then any profit I make is split into a 70-30 split to me. Additionally the deposit fee I payed will get refunded back to me along with the first months profit.
So my question is, would earning money like this be considered Halal or Haram.
Heres a link to the website and I can provide screenshots of them stating that I can get a 1:1 account with no overnight position.
Become the FTMO Trader. Complete the FTMO Challenge and receive funded FTMO Account. You take 70% of the profits. We cover the losses.
Est. reading time: 55 minutes
JazakhAllah Khair for your time.