Assalmualiakum wah rah mahtullah.
Im interested in starting with FTMO a prop firm that allows you to trade Forex, metals,indicies, crypto ETFS and stocks.
It provides traders who pass a test, with funded accounts with up to 200,000$ to trade with. There are no fees or interest involved with these accounts since they are their own broker.
You trade the company capital andthey take30%% of thebenefitt and they cover the losses.
You have to pay fees to open an account and pass a trialprocess, and you can request an account with no overnight or rollover charge.
You are allowed to lose a max of 10% loss on the account if exeeded the account is shut and you don’t have to payback the lost money to the company, you just lose your account).
My question is: Is it permissible to go through this company if I trade ETFs stocks or crypto using 1:1 leverage and no no overnight position?
Jazak allah khairan!