Islamic Trading by OctaFx

Investment Questions and Chats General Investment
#1

AOA to all brothers and sisters,

I am planning to start online trading with OctaFx, https://www.octafx.com/, and I want to know if there islamic trading account or islamic trading services are completely Sharia Compliant. I would very thankful if you give your thoughts in this matter. JazakAllah.

Regards,
Syed Jawad Hassan

#2

online forex itself is haram. By using an islamic account you’re only not paying any intrest. But when trading you don’t own any assets, you’re just speculating if it will go up or down. (gambling money)