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Forex Trading
FOREX — the foreign exchange (currency or forex, or FX) market is the and the most liquid financial market with the daily volume of more than $3.2 trillion. Trading on this market involves buying and selling world currencies taking the profit from the exchange rates difference. Forex trading can yield high profits, but it is also very risky. Everyone can participate in Forex trading via the Forex brokers.
 
 
MGFOREX:
Company: MG Financial Group
On-line since: 2000
Regulation: Registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA ID #0308808).
Payment options: Credit cards, PayPal, wire transfer and checks
Minimum account size: $500
Minimum lot size: 0.1 lot
Spreads: 3 pips on EUR/USD

Advantages:

  • Muslim friendly Forex broker (fees instead of overnight interest)
  • Regular Forex trading contests

Disadvantages:

  • No Metatrader 4 software support
  • Limited trading freedom