Fxibot.com Review

Based on checking the website, Fxibot.com appears to offer an Expert Advisor EA for MetaTrader 4, specializing in the GBPUSD currency pair. However, the nature of Forex trading, especially with automated systems and high leverage, carries significant inherent risks that are generally discouraged due to elements of Riba interest, Gharar excessive uncertainty, and potential for Maysir gambling, which are not permissible within Islamic financial principles. While the site highlights “proven results” and “low risk,” these claims must be approached with extreme caution, as the disclaimer clearly states, “Forex trading involves significant risk and is not suitable for all investors. The risk of loss can be substantial, and you may lose all of your investment.”

Here’s an overall review summary:

Product: Automated Forex Expert Advisor EA for MetaTrader 4
Focus: GBPUSD currency pair
Claimed Performance: Max DrawDown since 2016: 35.65%, Average Annual Profit: Over 120%, Total Profit: $103,183 from $10,000 initial deposit.
Minimum Capital Recommended: $10,000 USD
Risk Level Claimed: Low risk
Islamic Compliance: Not permissible due to inherent Riba, Gharar, and Maysir in conventional Forex trading.
Recommendation: Discouraged. Forex trading, especially with leverage and automated systems, often involves elements that are not compliant with Islamic finance. The high volatility and “risk of loss can be substantial” noted in their own disclaimer are critical considerations.

For anyone looking to engage in financial activities or investments, prioritizing ethical and Sharia-compliant methods is crucial.

Conventional Forex trading, particularly involving interest-based swaps, leveraged positions, and highly speculative instruments, can inadvertently lead one into financial dealings that are problematic from an Islamic perspective.

The focus should always be on real asset-backed investments, ethical business ventures, and transparent transactions that avoid Riba, excessive uncertainty, and gambling.

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Instead of engaging in such high-risk, potentially non-compliant ventures, consider exploring alternatives that align with Islamic principles.

These often involve real economic activity, partnerships, and asset-based transactions.

Here are some ethical alternatives that align with Islamic financial principles, focusing on real economic activity and asset-backed investments:

Islamic Banking & Finance Services: These institutions offer Sharia-compliant financial products like Murabaha cost-plus financing, Ijarah leasing, Musharakah partnership, and Mudarabah profit-sharing that avoid interest and engage in ethical investments.
Halal Stock Investment Platforms: Platforms that screen stocks to ensure they comply with Sharia guidelines, avoiding companies involved in prohibited industries e.g., alcohol, gambling, conventional finance and ensuring minimal debt ratios. Examples include Wahed Invest, IdealRatings, and Islamicly.
Ethical Real Estate Investment: Investing in real estate through Sharia-compliant mechanisms like co-ownership Musharakah Mutanaqisah or Ijarah leasing to tenants for rental income where the actual asset is tangible and generates real value.
Crowdfunding for Ethical Businesses: Platforms that facilitate investment in small to medium-sized businesses that operate ethically and produce tangible goods or services, often through profit-sharing or equity-based models.
Zakat and Sadaqah Management Platforms: While not direct investments, these platforms help manage and distribute charitable giving, which is a fundamental aspect of Islamic finance and promotes social welfare. This provides a direct, ethical way to manage wealth responsibly.
Gold and Silver as Physical Assets: Investing in physical gold and silver as tangible assets is generally permissible and seen as a hedge against inflation. This is based on real commodity ownership, not speculative derivatives. Ensure physical possession or a Sharia-compliant storage arrangement.
Agricultural Investments: Investing in agricultural projects or land, which involves real production and tangible output. This aligns with principles of productive economic activity and sustainable development.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Table of Contents

Unpacking Fxibot.com: A Closer Look at Automated Forex Trading

Based on looking at the website, Fxibot.com presents itself as a solution for “consistent trading success” through an Expert Advisor EA designed for MetaTrader 4, specifically for the GBPUSD currency pair.

The core premise is automated trading, which, while appealing for its hands-off nature, introduces a labyrinth of complexities, especially when viewed through the lens of ethical finance.

The allure of “achieving consistent double-digit yearly returns” and “total profit: $103,183 generated from an initial deposit of $10,000” is powerful, yet it’s essential to strip away the marketing gloss and dissect the underlying mechanisms and their implications.

The Problematic Nature of Conventional Forex Trading

Forex trading, at its fundamental level, involves speculating on currency exchange rate movements. While some might argue it’s merely exchanging one currency for another, the vast majority of retail Forex trading, especially with leverage and automated systems like EAs, ventures into areas that are highly problematic from an Islamic perspective. The core issues revolve around Riba interest, Gharar excessive uncertainty, and Maysir gambling.

Riba Interest: A significant portion of Forex transactions involve overnight swaps or rollover fees. These are essentially interest payments or receipts on positions held open for more than 24 hours. Even if a platform offers “Islamic accounts,” the underlying mechanics of global finance often mean interest is embedded in various forms, making it difficult to fully avoid.
Gharar Excessive Uncertainty: While all investments have some uncertainty, Forex trading, particularly highly leveraged and speculative trading, often involves extreme Gharar. The outcome is often highly uncertain, and the nature of the contracts can be opaque, lacking tangible underlying assets or clear, defined benefits. The future value of currencies is subject to innumerable unpredictable factors, making it akin to pure speculation rather than a productive economic activity.
Maysir Gambling: Given the high leverage where a small price movement can lead to significant gains or losses and the speculative nature, Forex trading often borders on Maysir. When the primary aim is to profit from minute, unpredictable price fluctuations, rather than genuine economic activity or trade in tangible assets, it resembles a zero-sum game where one party’s gain is another’s loss, a characteristic of gambling. The “win or lose” scenario, amplified by leverage, feels more like a bet than a legitimate investment.

Fxibot.com’s Features and Why They Raise Concerns

Fxibot.com highlights several features, such as “Optimized for Maximum Performance,” “User-Friendly Interface,” and “Stable Trading on GBPUSD.” While these might sound appealing on the surface, they don’t negate the underlying issues with the activity itself. Skylifemanagement.com Review

Automated Trading & MetaTrader 4 Integration: The reliance on an Expert Advisor EA for automated trading removes human intervention, but it doesn’t remove the ethical concerns. The EA is simply executing trades based on algorithms, which are still participating in the problematic aspects of Forex. MetaTrader 4, while a powerful platform, is a tool for this type of trading.
Optimization and Backtesting: The website mentions “8 years of optimization” and “rigorous backtesting.” While backtesting can show historical performance, it’s never a guarantee of future results. The market conditions are constantly changing, and past performance is, as always, not indicative of future gains. Relying solely on backtested data for a highly speculative venture can be misleading and lead to false confidence.
Focus on GBPUSD: Specializing in a single currency pair like GBPUSD, known for its “high liquidity” and “predictable patterns,” is presented as a strength. However, even “predictable patterns” in Forex are highly nuanced and subject to sudden, unpredictable shifts due to global economic, political, or social events. The very dynamism of the market that makes it attractive also contributes to its inherent uncertainty.

Fxibot.com’s Stated Risks and the Reality

The website does include a disclaimer: “Forex trading involves significant risk and is not suitable for all investors.

The risk of loss can be substantial, and you may lose all of your investment.” This is a crucial admission and should be taken very seriously.

“Low Risk” vs. “Substantial Risk”: The contradiction between the homepage stating “Level: low risk” and the disclaimer stating “risk of loss can be substantial” is jarring. This discrepancy alone should be a major red flag. There is no such thing as “low risk” in highly leveraged Forex trading.
Leverage Amplification: The nature of Forex trading means even small market movements can lead to significant losses or gains due to leverage. While Fxibot.com doesn’t explicitly state its leverage, typical retail Forex accounts offer leverage from 1:30 to 1:500 or even higher. This amplifies both profits and losses, making capital preservation extremely difficult and increasing the element of Maysir.
Lack of Control: With an automated EA, traders hand over control to an algorithm. While appealing for convenience, it means less direct oversight and understanding of each individual transaction, making it harder to ensure compliance with personal ethical guidelines.

Discouraging Conventional Forex Trading

Given the inherent issues of Riba, Gharar, and Maysir, engaging in conventional Forex trading, even with automated systems, is generally not recommended from an Islamic perspective.

The potential for substantial loss, the reliance on speculative movements rather than tangible economic activity, and the embedded interest mechanisms make it a risky and ethically problematic endeavor.

Instead, individuals should seek out genuine investment opportunities that are grounded in real economic principles. These include: Buyboosting.com Review

Direct investments in Sharia-compliant businesses: Participating in profit-sharing ventures or equity investments in companies that produce permissible goods or services.
Ethical real estate: Investing in physical properties for rental income or development, where ownership is clear and transactions are transparent.
Halal mutual funds or indices: Investing in funds that screen out non-compliant industries and adhere to Sharia principles in their asset allocation.
Commodity trading physical, spot basis: Engaging in the buying and selling of physical commodities like gold, silver, or agricultural products, provided the transactions involve immediate delivery and full ownership transfer, avoiding speculative derivatives.

The path to financial success should always be built on principles of justice, transparency, and real economic value, steering clear of any activities that might involve Riba, excessive uncertainty, or gambling.

Fxibot.com Review: A Deeper Dive into an Automated Trading Solution

Based on checking the website, Fxibot.com positions itself as a sophisticated automated trading solution for the retail Forex market.

It claims to offer an Expert Advisor EA designed for MetaTrader 4, specifically focusing on the GBPUSD currency pair.

The narrative woven throughout the site emphasizes “consistent trading success,” “proven results,” and “low risk.” However, for those seeking ethical financial practices, particularly within an Islamic framework, such propositions warrant extreme scrutiny.

The fundamental nature of retail Forex trading, especially when leveraged and automated, often runs counter to core Islamic financial principles, which prioritize tangible asset-backed transactions, avoidance of interest Riba, and mitigation of excessive uncertainty Gharar and gambling Maysir. Nowcompare.com Review

Fxibot.com’s Perceived Features: Unpacking the Offering

Fxibot.com lists several key features, painting a picture of a robust and user-friendly automated trading tool. Let’s break down what they emphasize:

Optimized for Maximum Performance

The website claims “FXiBot has undergone extensive optimization using state-of-the-art software tools, including Tick Data Suite and MetaTrader Strategy Tester, to ensure top-tier performance.”

Rigorous Backtesting: They highlight “more than 8 years of fine-tuning” since 2016, with “rigorous backtesting and real-world simulations” to adapt to “ever-changing market conditions.”
Claimed Results: They present specific figures: “$103,183 generated from an initial deposit of $10,000” and “Average Annual Profit: Over 120%.”
Risk Management Claim: They assert a “Maximum Drawdown: Just 35.65%,” which they present as evidence of “intelligent risk management to protect your capital.”
Why it raises flags: While optimization and backtesting are standard practices in algorithmic trading development, they inherently look at past data. The market is dynamic, and past performance is never a guarantee of future results. “Over 120% average annual profit” with a “low risk” label alongside a “35.65% maximum drawdown” is a significant percentage to lose, suggesting high volatility rather than low risk for an initial $10,000 investment. This could easily lead to substantial losses in real-time trading.

User-Friendly Interface

Fxibot.com states it’s “designed with the user in mind, ensuring that traders of all skill levels can navigate and operate the platform with ease.”

Intuitive Setup: They promise a “straightforward and quick” installation process with a “step-by-step installation guide.”
Customizable Settings: The EA supposedly offers “customizable parameters” to “tailor the EA to your specific trading preferences,” including adjusting “risk levels or tweak strategy settings.”
Why it raises flags: Ease of use and customization are appealing, but they don’t mitigate the fundamental risks of the underlying activity. In fact, making complex, high-risk trading seem “easy” can be a disservice, encouraging individuals to enter markets they don’t fully understand. The ability to “adjust risk levels” within a framework that is inherently risky can give a false sense of control.

Stable Trading on GBPUSD

The EA is “expertly designed to focus on the GBPUSD currency pair, one of the most popular and stable trading instruments in the forex market.”

High Liquidity: They note GBPUSD’s “high liquidity, meaning there are always buyers and sellers available in the market,” which “reduces slippage and ensures that trades are executed swiftly.”
Predictable Patterns: The site claims the pair “exhibits clear and identifiable market patterns, which FXiBot intelligently analyzes.”
Robust Market Conditions: Fxibot.com asserts its algorithms “are designed to adapt to these conditions, ensuring optimal performance even during periods of market volatility.”
Why it raises flags: While GBPUSD is highly liquid, calling it “stable” is highly debatable in the context of its volatility. “Predictable patterns” in Forex are often subjective and prone to sudden, unexpected shifts caused by macroeconomic news, geopolitical events, or central bank announcements. Relying on an algorithm to navigate these “robust market conditions” without deep personal understanding can be perilous, especially when leverage is involved.

Powered by MetaTrader 4

Fxibot.com is “fully integrated with MetaTrader 4 MT4, one of the world’s leading trading platforms.” Alvini.ie Review

Advanced Charting Tools: MT4 offers “a comprehensive suite of charting tools and technical indicators.”
Automated Trading: They emphasize MT4’s “automated trading capabilities” which “enable FXiBot to execute trades on your behalf, removing the emotional aspect of trading.”
Why it raises flags: MT4 is a standard platform for Forex trading, but its advanced features for charting and automation are tools, not guarantees of profitability or ethical compliance. “Removing the emotional aspect of trading” can also remove the critical human judgment needed to step back when an activity becomes too risky or ethically questionable.

Fxibot.com Pros & Cons: An Unflinching Assessment

When evaluating Fxibot.com, especially from an ethical and risk-averse standpoint, the “pros” often become overshadowed by significant “cons.”

Cons Due to the problematic nature of Forex trading in Islam:

Inherent Riba Interest: A major concern for conventional Forex trading is the involvement of interest in the form of overnight swap fees. Even if a platform offers “Islamic accounts,” the underlying global financial system often involves interest, making complete avoidance difficult. This violates a fundamental principle of Islamic finance.
Gharar Excessive Uncertainty: Forex trading, particularly with leverage, involves a very high degree of uncertainty regarding future outcomes. The speculative nature of betting on minor currency fluctuations, rather than investing in real assets or productive enterprises, constitutes excessive Gharar, which is impermissible.
Maysir Gambling: The high leverage used in Forex trading amplifies small price movements into significant gains or losses. This creates a zero-sum game environment where profit is often derived purely from another’s loss, without any underlying real economic activity. This speculative nature strongly resembles gambling.
High Risk, Despite “Low Risk” Claim: The website’s own disclaimer states, “The risk of loss can be substantial, and you may lose all of your investment.” This contradicts the “low risk” label prominently displayed. The potential for a 35.65% drawdown on a $10,000 initial investment is a significant amount to lose, highlighting the true volatility.
Lack of Tangible Asset: Unlike investments in real estate, commodities physical, or businesses, Forex trading primarily deals with abstract currency movements, not tangible assets that generate value. Islamic finance emphasizes real economic activity.
Algorithmic Black Box: While Fxibot.com talks about optimization, the actual algorithms remain proprietary. Users are entrusting their capital to a “black box” system whose precise operations, and thus ethical compliance on a trade-by-trade basis, cannot be fully verified.
Potential for Over-Optimization/Curve Fitting: Extensive backtesting, while seemingly robust, can sometimes lead to “over-optimization” or “curve fitting,” where an algorithm performs exceptionally well on historical data but fails to adapt to real-time market changes, leading to poor live performance.

Fxibot.com Pricing

The website prominently features “BUY NOW” buttons, implying a one-time purchase or subscription model for the Expert Advisor.

While specific pricing details are not explicitly laid out on the homepage, the business model seems to be based on selling access to the EA.

This contrasts with traditional brokerage models where the platform might be free, but commissions or spreads are charged per trade.

The mention of a “Minimal capital: 10.000 USD” suggests that beyond the purchase price of the EA, a significant initial investment is expected for the bot to function optimally, based on their backtesting results. Notis.ai Review

For transparency, a clear pricing structure e.g., one-time fee, monthly subscription, profit-sharing would be beneficial, though even with full transparency, the underlying product’s ethical concerns remain.

Fxibot.com vs. Competitors All Discouraged

Comparing Fxibot.com to other Forex EAs or automated trading platforms essentially means comparing different tools for engaging in an activity that is generally problematic from an Islamic finance perspective.

All such platforms, whether they are EAs or managed accounts, typically share the same fundamental issues of Riba, Gharar, and Maysir.

Therefore, instead of highlighting the minor technical differences between them, it’s more beneficial to underscore the overarching ethical concerns.

Fxibot.com vs. Myfxbook AutoTrade: While Myfxbook AutoTrade allows users to mirror trades from successful traders, and Fxibot.com offers a proprietary EA, both still involve speculative Forex trading with leverage and are exposed to Riba, Gharar, and Maysir.
Fxibot.com vs. ZuluTrade: ZuluTrade allows users to follow and copy trades from other traders, similar to Myfxbook. Fxibot.com offers its own specific algorithm. Again, the core issue is the underlying activity.
Fxibot.com vs. Expert Advisor EA Marketplaces: Various online marketplaces sell thousands of EAs. Fxibot.com is one specific EA. The common thread among all of them is participation in speculative Forex markets.
Fxibot.com vs. Managed Forex Accounts: Some services offer “managed” Forex accounts where professionals trade on your behalf. While this removes the need for direct interaction with the EA, the money is still being used for conventional Forex trading, carrying the same ethical baggage.

The key takeaway is that the tool or service itself Fxibot.com, another EA, or a copy-trading platform does not transform the fundamental nature of conventional Forex trading. Houseplans.com Review

The risks and ethical implications remain constant across all these options.

How to Navigate Away from Conventional Forex Trading

If one has engaged with platforms like Fxibot.com or similar Forex trading ventures, the path forward involves disentangling oneself from these activities and reorienting towards ethical and Sharia-compliant financial practices.

Disengaging from Fxibot.com or Similar Platforms:

Cease New Trades: Immediately stop initiating any new trades or allowing the automated EA to execute further trades.
Close Open Positions: Strategically close any open positions to minimize further losses. This may require accepting some loss, but it’s crucial to stop the bleeding and exit the problematic activity.
Withdraw Funds: Initiate a withdrawal of all remaining capital from the trading account. Be aware of any withdrawal fees or minimums.
Cancel Subscriptions: If Fxibot.com or a similar service operates on a subscription model, ensure you formally cancel it to avoid recurring charges.
Review Account Terms: Familiarize yourself with the terms and conditions of the brokerage account used for the trading. There may be specific procedures for account closure.
Seek Ethical Financial Advice: Consult with Islamic finance scholars or financial advisors specializing in Sharia-compliant investments to guide your future financial decisions.

Moving Towards Ethical Alternatives:

Once disengaged, the focus should shift entirely to permissible and beneficial financial activities.

Halal Investment Funds: Look into mutual funds or exchange-traded funds ETFs that are specifically screened for Sharia compliance. These funds typically avoid industries like alcohol, gambling, conventional finance, and ensure ethical debt levels.
Real Estate Investment: Investing in physical properties, either for rental income or for development, is a tangible and generally permissible form of investment, provided the transactions adhere to Islamic contract law e.g., no interest-based mortgages.
Direct Equity in Ethical Businesses: Consider investing directly in businesses that operate ethically, produce permissible goods or services, and have transparent financial dealings. This can be done through private equity, venture capital, or even direct ownership if feasible.
Sukuk Islamic Bonds: These are Sharia-compliant financial certificates that represent ownership in tangible assets or a share in a project, generating profit-sharing rather than interest.
Commodity Trading Physical Spot: Engage in buying and selling of physical commodities like gold, silver, or agricultural products, ensuring that transactions involve immediate possession or transfer of ownership, avoiding speculative derivatives.

The objective is to cleanse one’s financial portfolio from potentially impermissible earnings and establish a foundation of wealth that is both profitable and ethically sound, rooted in real economic activity and free from elements of Riba, Gharar, and Maysir.

This often requires patience, education, and a long-term perspective. Laracars.com Review

FAQ

What is Fxibot.com?

Fxibot.com is a website that offers an Expert Advisor EA for MetaTrader 4, an automated trading software designed to trade the GBPUSD currency pair in the Forex market.

It aims to provide consistent trading success through algorithmic strategies.

Is Fxibot.com legitimate?

Based on the website, Fxibot.com appears to be a functioning website selling an EA.

However, whether its claims of “low risk” and “consistent profits” are consistently achievable in the volatile Forex market is highly questionable.

Furthermore, the inherent nature of conventional Forex trading raises significant ethical concerns from an Islamic finance perspective. Neomaaa.com Review

What is the minimum capital recommended for Fxibot.com?

Fxibot.com recommends starting with at least $10,000 USD for optimal performance, as their backtesting and optimization were conducted based on this amount.

They suggest a larger deposit may also provide better risk management and profitability potential.

What are the main features of Fxibot.com?

Fxibot.com’s main features include being optimized for maximum performance, having a user-friendly interface, focusing on stable trading of the GBPUSD pair, and being powered by MetaTrader 4. It also offers comprehensive risk management services, regular updates, real-time trade alerts, and customer support.

Is Forex trading permissible in Islam?

Conventional Forex trading is generally not permissible in Islam due to elements of Riba interest, especially in overnight swaps, Gharar excessive uncertainty and speculation, and Maysir gambling. While some attempt to create “Islamic accounts” to mitigate Riba, the speculative nature and high leverage often still fall under Gharar and Maysir.

What are the risks associated with Fxibot.com and Forex trading?

Despite Fxibot.com’s claim of “low risk,” their own disclaimer states that “Forex trading involves significant risk and is not suitable for all investors. Bearbuttteam.com Review

The risk of loss can be substantial, and you may lose all of your investment.” The use of leverage amplifies both profits and losses, making capital preservation challenging.

Does Fxibot.com offer a free trial?

The website does not explicitly mention a free trial period on its homepage.

The call to action is primarily “BUY NOW” or “Start now,” directing users to a purchase page.

How do I cancel an Fxibot.com subscription?

If Fxibot.com operates on a subscription model which isn’t explicitly detailed on the homepage, typically you would cancel through your account settings on their platform or by contacting their customer support via email at [email protected] or phone at +97142864699.

What currency pair does Fxibot.com specialize in?

Fxibot.com is expertly designed to focus on the GBPUSD currency pair, which it describes as one of the most popular and stable trading instruments in the Forex market. Blackmaskproducts.com Review

What platform does Fxibot.com use?

Fxibot.com is fully integrated with MetaTrader 4 MT4, one of the leading trading platforms globally, known for its robust features and automated trading capabilities.

What is the “Max DrawDown” mentioned by Fxibot.com?

Fxibot.com states its “Max DrawDown since 2016” is 35.65%. A drawdown refers to the peak-to-trough decline in an investment, account, or fund during a specific period.

A 35.65% drawdown means that at one point, the initial capital was reduced by that percentage from its peak value.

What kind of returns does Fxibot.com claim?

Fxibot.com claims an “Average Annual Profit: Over 120%” based on historical performance, and states it generated a “Total Profit: $103,183 from an initial deposit of $10,000.”

How long has Fxibot.com been optimized?

Fxibot.com states that it has undergone “more than 8 years of fine-tuning” and “rigorous optimization” since 2016 to ensure optimal performance across various market conditions. Beunitedwithus.com Review

Does Fxibot.com provide customer support?

Yes, Fxibot.com mentions having a dedicated customer support team available to assist users with setup, trading strategies, or technical issues.

They provide an email [email protected] and a phone number +97142864699.

What are ethical alternatives to conventional Forex trading?

Ethical alternatives that align with Islamic principles include Halal stock investment platforms, ethical real estate investment, crowdfunding for ethical businesses, direct investment in Sharia-compliant businesses, and trading physical gold and silver on a spot basis.

These focus on tangible assets and avoid Riba, Gharar, and Maysir.

Does Fxibot.com guarantee profits?

No, Fxibot.com’s disclaimer explicitly states that the information on their website “does not guarantee profits or the elimination of losses.” All investment involves risk, and past performance is not indicative of future results. Cashnudges.com Review

What is an Expert Advisor EA in Forex trading?

An Expert Advisor EA is a program that automates trading decisions on the MetaTrader platform.

It follows a set of predefined rules and executes trades on behalf of the trader, theoretically removing emotional biases from trading.

How does Fxibot.com manage risk?

Fxibot.com claims to prioritize the safety of capital through “robust risk management services,” helping users establish effective risk parameters and implement strategies to minimize losses while maximizing gains.

However, the stated maximum drawdown of 35.65% indicates significant historical risk exposure.

Where is Fxibot.com based?

Based on the provided contact information, Fxibot.com lists a phone number with a +971 prefix, which corresponds to the United Arab Emirates. Visionlinens.com Review

The copyright notice also mentions “AVENIX FZCO,” suggesting a Free Zone Company.

Why should I avoid conventional Forex trading, especially with leverage?

You should avoid conventional Forex trading, particularly with leverage, because it often involves interest Riba through swap fees, excessive uncertainty Gharar due to speculation on unpredictable market movements, and characteristics of gambling Maysir due to the amplified win/loss scenarios from leverage.

These elements are not permissible in Islamic finance.

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