Enrisecapital.com Review

Based on looking at the website, Enrisecapital.com presents itself as a global financial broker offering trading services for various financial instruments.

However, a strict review, especially from an ethical standpoint within Islamic finance principles, reveals significant concerns.

The core activities promoted on the website—Forex trading, CFD Contracts for Difference trading on shares, commodities, indices, and cryptocurrencies—often involve elements of Riba interest, Gharar excessive uncertainty, and Maysir gambling, which are generally impermissible in Islamic jurisprudence.

The website prominently features leverage, swaps which are interest-based, and speculative trading, all of which are problematic.

Here’s an overall review summary:

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• Company Name: Enrise Capital Markets Limited
• Services Offered: Forex Trading, Shares CFD Trading, Commodities CFD Trading, Indices CFD Trading, Cryptocurrency CFD Trading
• Trading Platform: MetaTrader 5
• Minimum Deposit: $100 across various account types ECN, Cent, Standard
• Leverage: Up to 1:500 high leverage increases risk and often involves interest
• Swap Free Option: Yes, explicitly mentioned for all account types, which attempts to address the Riba issue, but the underlying nature of leveraged CFD trading still presents challenges regarding Gharar and Maysir.
• Regulation: Claims to be “Fully regulated by the Financial Services Commission FSC.” Mauritius
• Ethical Review Islamic Perspective: Highly problematic due to the speculative nature of CFDs, high leverage, and the inherent risks of losing more than the initial investment. While a “Swap Free” option is offered, the fundamental issues of uncertainty and potential for gambling-like behavior in such high-risk derivatives trading remain a significant concern for ethical Muslim investors. The emphasis on capitalizing on “market trends” and seizing “volatility with confidence” leans heavily into speculative practices rather than tangible asset-backed investments.

The detailed explanation reveals that despite the technical offerings and claims of regulation, the services provided by Enrisecapital.com fall into categories that are generally discouraged for ethical Muslim investors.

The primary reason is the nature of the financial products themselves.

Trading derivatives like CFDs often involves mechanisms that resemble gambling due to their highly speculative nature and detachment from real asset ownership.

The concept of leverage, even if ‘swap-free,’ magnifies both gains and losses, which can lead to disproportionate financial ruin, akin to Maysir.

The focus on short-term price movements rather than productive economic activity further diverges from Islamic principles of wealth creation and responsible investment.

Therefore, while Enrise Capital provides access to global markets, the means and instruments offered are not conducive to a Sharia-compliant investment approach.

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.

Best Alternatives for Ethical Financial Engagement:

Instead of engaging in high-risk, speculative trading platforms that may not align with Islamic principles, consider these ethical alternatives focused on real assets, productive investments, and asset-backed financing:

1. Halal Investment Funds:

   

   • Key Features: Professionally managed funds that invest exclusively in Sharia-compliant companies and assets, avoiding industries like alcohol, gambling, conventional banking, and entertainment. They often undergo rigorous Sharia screening.
   • Average Price: Varies based on fund type and management fees e.g., 0.5% – 2% annually.
   • Pros: Diversification, professional management, adherence to Islamic ethics, passive income potential.
   • Cons: Management fees, returns dependent on market performance, less direct control over individual investments.

2. Islamic Sukuk Bonds:

   • Key Features: Sharia-compliant financial certificates that represent ownership in tangible assets or a share in a project, rather than a debt. They generate returns through profit sharing or rental income from the underlying asset.
   • Average Price: Varies by issuance, often traded in larger denominations.
   • Pros: Asset-backed, ethical income generation, often government-backed lower risk, promotes real economic activity.
   • Cons: Less liquidity than conventional bonds, availability can be limited, complex structures.

3. Real Estate Investment Trusts REITs – Sharia-Compliant:

   • Key Features: Companies that own, operate, or finance income-producing real estate. Sharia-compliant REITs specifically focus on permissible properties and avoid interest-based financing.
   • Average Price: Shares traded on stock exchanges, prices vary.
   • Pros: Diversification into real estate, regular dividend income, liquidity compared to direct property ownership.
   • Cons: Market volatility, diligence required to ensure Sharia compliance, property market risks.

4. Ethical Crowdfunding Platforms:

   • Key Features: Platforms connecting investors with small businesses or projects seeking funding, often structured as profit-sharing or equity investments, avoiding interest. Focuses on real entrepreneurial ventures.
   • Average Price: Investment amounts vary widely, from small contributions to significant stakes.
   • Pros: Supports real businesses, potential for high returns if successful, direct impact, often asset-backed.
   • Cons: High risk especially for startups, illiquidity, lengthy investment horizons, requires thorough due diligence.

5. Gold and Silver Physical Investment:

   • Key Features: Direct ownership of physical gold and silver bullion or coins, considered a safe haven asset and a traditional store of value in Islam, free from Riba and excessive speculation if held physically.
   • Average Price: Spot price plus premium for physical acquisition.
   • Pros: Tangible asset, hedge against inflation, permissible in Islam if immediate possession, no counterparty risk when held physically.
   • Cons: Storage costs, insurance, no income generation, price volatility.

6. Ethical P2P Lending Non-Interest Based:

   • Key Features: Platforms that facilitate direct lending between individuals or businesses without involving interest. Structures often include profit-sharing or service fees in a Sharia-compliant manner.
   • Average Price: Investment amounts vary.
   • Pros: Supports community finance, potential for fixed or profit-share returns, avoids conventional banking system.
   • Cons: Credit risk of borrowers, limited availability of truly Sharia-compliant platforms, regulatory complexities.

7. Investing in Sharia-Compliant ETFs Exchange Traded Funds:

   • Key Features: ETFs that track Sharia-compliant indices, offering diversification similar to mutual funds but with the liquidity of stocks. They invest in a basket of companies meeting Islamic ethical standards.
   • Average Price: Share prices vary, often low expense ratios e.g., 0.2% – 0.7% annually.
   • Pros: Diversification, low fees, easy to buy and sell, access to various sectors without individual stock picking.
   • Cons: Market risk, requires due diligence to ensure underlying holdings remain Sharia-compliant.

Enrisecapital.com Review & First Look

Based on checking the website, Enrisecapital.com positions itself as a streamlined platform for Forex and CFD trading across global markets.

The initial impression is of a modern, well-structured site aiming to attract both novice and experienced traders.

It highlights “cutting-edge tools, competitive spreads, and a seamless trading experience.” However, a closer look at the offerings immediately raises red flags for those adhering to ethical investment principles, particularly within Islamic finance.

The primary focus on Forex, shares as CFDs, commodities as CFDs, indices as CFDs, and cryptocurrency CFDs involves speculative instruments that are often deemed impermissible due to elements of Riba interest, Gharar excessive uncertainty, and Maysir gambling.

The homepage prominently displays key metrics like “$0 Minimum Deposit” though further down it states a $100 minimum, “1:0 Leverage” which seems like a typo, likely intending to highlight high leverage, as 1:500 is mentioned later, and “0+ Trading Instruments” another potential typo for “275+ instruments”. These inconsistencies, while minor, suggest a lack of meticulousness on a site handling financial transactions. Pinkalamode.com Review

The mention of MetaTrader 5 as the trading platform is a standard offering in the brokerage world, known for its advanced charting and order management tools.

This technical aspect doesn’t inherently present ethical issues, but the application of these tools to impermissible financial instruments does.

Key Homepage Claims:

• Streamline Forex Trading with Enrise Capital
• Unlock the potential of global markets with cutting-edge tools, competitive spreads, and a seamless trading experience.
• Trade over 20,000 shares of leading multinational companies on top global stock exchanges as CFDs.
• Invest in gold, oil, and other key commodities to hedge your portfolio and capitalize on market trends as CFDs.
• Trade major global indices like the S&P 500, NASDAQ, and FTSE 100 to gain exposure to entire markets as CFDs.
• Trade top digital assets like Bitcoin, Ethereum, and more—seize the volatility with confidence as CFDs.

The core issue remains: the entire business model revolves around Contract for Difference CFD trading, which is a derivative product. With CFDs, traders don’t own the underlying asset. they speculate on price movements.

This detachment from tangible assets, combined with high leverage, significantly amplifies risk and introduces elements of speculation that are generally prohibited in ethical financial frameworks. Fun-study.com Review

Understanding the Financial Instruments Offered by Enrise Capital

Enrisecapital.com offers a range of financial instruments, all primarily structured as Contracts for Difference CFDs. This is a critical distinction that ethical investors must understand.

When you “trade shares” or “invest in gold” via Enrise Capital, you are not actually buying shares of a company or physical gold.

Instead, you are entering into a contract with the broker to exchange the difference in the price of the underlying asset from the time the contract is opened until it is closed.

Forex Trading and CFDs

Forex Foreign Exchange trading involves speculating on currency pair price movements.

While currency exchange itself is permissible in Islam under certain conditions e.g., spot transactions, immediate possession, Forex CFD trading introduces leverage and the absence of physical exchange, which are problematic. Totalglaze.com Review

• Leverage: Enrise Capital offers leverage up to 1:500. This means for every $1 of your own capital, you can control $500 worth of currency. While this amplifies potential profits, it equally amplifies potential losses, often exceeding your initial deposit.
• No Physical Exchange: In CFD Forex, there’s no actual exchange of currencies. it’s a bet on price direction. This speculative nature, combined with leverage and often overnight interest charges swaps, even if “swap-free” is offered as an option, the underlying mechanism is still based on interest in conventional finance, moves it away from permissible transactions.
• Global Market Data: The forex market is the largest financial market globally, with average daily trading volumes often exceeding $7 trillion. Source: Bank for International Settlements. However, this vastness does not negate the ethical concerns for CFD trading.

Shares, Commodities, and Indices as CFDs

The website explicitly states “Trade over 20,000 shares,” “Invest in gold, oil, and other key commodities,” and “Trade major global indices.” For ethical investors, it’s crucial to recognize that these are all offered as CFDs.

• Shares CFDs: Instead of owning equity in a company, you’re speculating on the price movement of its stock. This means you don’t receive dividends directly from the company, nor do you have voting rights.
• Commodities CFDs: Similar to shares, you don’t take physical delivery of gold, oil, or other commodities. You’re merely betting on their price fluctuations.
• Indices CFDs: An index represents the performance of a basket of stocks e.g., S&P 500. Trading an index CFD means you’re speculating on the overall performance of a market segment without owning any individual stocks.
• Market Volatility: Commodities markets, especially oil, are notoriously volatile. For instance, crude oil prices can fluctuate by 5-10% in a single day based on geopolitical events or supply-demand shocks, making leveraged CFD trading on them extremely risky. Source: EIA – U.S. Energy Information Administration.

Cryptocurrency Trading as CFDs

Enrise Capital also offers “Cryptocurrency Trading” for assets like Bitcoin and Ethereum. Again, the context implies this is via CFDs.

• Volatility: Cryptocurrency markets are known for extreme volatility, often seeing daily price swings of 10-20% or more. This makes leveraged CFD trading on crypto exceptionally high-risk.
• Ethical Concerns: While the permissibility of cryptocurrencies themselves is a subject of ongoing debate among Islamic scholars, trading them as CFDs compounds the issue due to the inherent speculative nature, leverage, and lack of true ownership. Some scholars view cryptos as valid assets if they meet certain criteria, but derivatives trading on them remains problematic.

In summary, the financial instruments offered by Enrise Capital, while popular in conventional trading, are structured in a way that raises significant ethical questions for Muslim investors due to their speculative nature, reliance on leverage, and the absence of tangible asset ownership.

Enrisecapital.com Pros & Cons

Given the context of a review for ethical investing, particularly from an Islamic perspective, the “pros” often lauded in conventional trading circles become “cons” or at least areas of extreme caution.

Therefore, this section will highlight the problematic aspects from an ethical lens. Antalya-airport.aero Review

Cons from an Ethical/Islamic Perspective

The vast majority of Enrise Capital’s offerings fall into categories that are generally considered impermissible or highly discouraged in Islamic finance due to elements of Riba interest, Gharar excessive uncertainty/ambiguity, and Maysir gambling.

• Speculative Nature of CFDs:

  • Lack of Asset Ownership: When trading CFDs, you do not own the underlying asset e.g., shares, gold, currency. You are merely speculating on its price movement. This detachment from real economic activity is a core issue.
  • Gharar Excessive Uncertainty: The high leverage and the “betting” nature of CFDs on short-term price movements introduce excessive uncertainty, which is prohibited. The outcome is often highly unpredictable, akin to a gamble.
  • Maysir Gambling: The zero-sum game aspect of many CFD trades, where one party’s gain is directly another’s loss, combined with the high risk and speculation, often categorizes it as Maysir. According to a 2021 survey, approximately 70-80% of retail CFD traders lose money, with average losses often exceeding their initial deposit. Source: ESMA European Securities and Markets Authority reports based on broker data. This high failure rate reinforces the gambling-like risk profile.

• High Leverage Up to 1:500:

  • Amplified Risk: While leverage can amplify profits, it disproportionately amplifies losses. A small adverse price movement can wipe out an entire account, leading to significant debt or financial ruin. This goes against the principle of risk-sharing and fair dealing.
  • Potential for Riba: Even with “Swap Free” accounts, the mechanism of leverage in conventional finance often implicitly involves interest or interest-like charges hidden in spreads or other fees. While Enrise Capital offers a swap-free option to address explicit overnight interest, the underlying debt-based structure of borrowed capital for leverage is still a concern.

• Focus on Short-Term Volatility:

  • Detachment from Real Economy: The platform encourages “seizing volatility” and “capitalizing on market trends,” which implies short-term trading. This focus is on price movements rather than investing in productive assets or participating in the real economy. Islamic finance emphasizes investment in tangible assets that contribute to societal well-being.

• Regulatory Jurisdiction: Rrg-group.com Review

  • FSC Mauritius Regulation: While regulated by the Financial Services Commission FSC in Mauritius, investors should understand that regulatory oversight can vary significantly between jurisdictions. Mauritius is an offshore financial center, and its regulatory framework might not offer the same level of investor protection as tier-one regulators e.g., FCA, ASIC, CySEC. A 2023 report on global financial regulations noted that while offshore jurisdictions provide a legal framework, the enforcement mechanisms and investor recourse can be less robust than in major financial hubs.

• Risk Warning:

  • Explicit Warning: The website’s risk warning is extensive and clear: “An investment in derivatives may mean investors may lose an amount even greater than their original investment.” This underscores the extreme risk involved, which is a major deterrent for ethical investment. It also states, “Don’t invest and trade with money which you can’t afford to lose,” which is sound advice for any investment but particularly poignant for high-risk ventures like CFDs.

In essence, while Enrise Capital might offer competitive features for conventional traders, its entire service model is fundamentally misaligned with the principles of ethical and Islamic finance.

The risks are not merely financial but also ethical, making it an unsuitable platform for those seeking Sharia-compliant investment opportunities.

Enrisecapital.com Alternatives

Given that Enrisecapital.com primarily facilitates speculative CFD and Forex trading, which are generally considered impermissible in Islamic finance, the alternatives must pivot towards genuinely ethical and Sharia-compliant investment vehicles.

These alternatives focus on real asset ownership, profit-sharing, risk-sharing, and avoiding Riba interest, Gharar excessive uncertainty, and Maysir gambling. Meliopayments.com Review

Ethical and Sharia-Compliant Investment Pathways

1. Direct Equity Investment in Sharia-Compliant Companies:

   • What it is: Instead of CFDs on shares, this involves buying actual shares of companies that adhere to Islamic ethical guidelines. These companies should avoid industries like alcohol, gambling, conventional banking, pornography, and armaments. Their financial ratios debt to equity, cash to assets should also meet specific Sharia screens.
   • How it works: Open an account with a conventional brokerage platform like Fidelity, Charles Schwab, Vanguard and then manually screen companies or use a Sharia-screening service to identify permissible stocks.
   • Pros: Real asset ownership, participation in productive economic activity, potential for capital gains and Sharia-compliant dividends.
   • Cons: Requires diligent research and screening, market volatility, diversification can be challenging for smaller portfolios.

2. Islamic Mutual Funds and ETFs:

   • What it is: These are professionally managed funds that invest in a diversified portfolio of Sharia-compliant stocks, Sukuk Islamic bonds, or other ethical assets. They are screened by Sharia boards to ensure compliance.
   • How it works: Invest through brokerage platforms that offer access to these specific funds. Examples include Amana Funds, Wahed Invest, or ETFs like the S&P Global Islamic 500 Sharia Index ETF.
   • Pros: Diversification, professional management, built-in Sharia compliance, lower entry barrier than direct equity for diversification.
   • Cons: Management fees, performance tied to market, availability might be limited depending on your region.

3. Sukuk Islamic Bonds:

   • What it is: These are Islamic financial certificates representing ownership in a tangible asset or a share in a project, generating returns through profit-sharing or rental income from the underlying asset, rather than interest.
   • How it works: Typically accessed through specialized Islamic financial institutions or some conventional banks that offer Islamic finance products.
   • Pros: Asset-backed, ethical income, promotes real economic activity, often less volatile than equities.
   • Cons: Less liquidity than conventional bonds, availability can be limited, minimum investment amounts can be high.

4. Real Estate Investment Direct or via Sharia-Compliant REITs:

   • What it is: Direct purchase of properties residential, commercial for rental income or capital appreciation, or investing in Sharia-compliant Real Estate Investment Trusts REITs that own and operate income-producing real estate according to Islamic principles.
   • How it works: Direct property purchase, or investing in Sharia-compliant REITs through a stock brokerage account.
   • Pros: Tangible asset, potential for stable income and appreciation, diversification, aligns with asset-backed principles.
   • Cons: High capital requirement for direct purchase, illiquidity, market specific risks, requires due diligence for REITs.

5. Ethical & Halal Crowdfunding Platforms: Study.com Review

   • What it is: Platforms that connect investors with businesses or projects seeking funding, structured as equity investments or profit-sharing agreements, explicitly avoiding interest-based loans.
   • How it works: Sign up on platforms specializing in ethical or Islamic crowdfunding e.g., platforms focused on ethical startups, real estate development, or specific community projects.
   • Cons: High risk, illiquidity, lengthy investment horizons, requires thorough due diligence on each project.

6. Precious Metals Physical Gold and Silver:

   • What it is: Direct physical ownership of gold and silver bullion or coins. Considered a safe haven asset and a traditional store of value in Islam, free from Riba and excessive speculation if held physically and with immediate possession.
   • How it works: Purchase from reputable dealers, ensuring immediate transfer of possession.
   • Pros: Tangible asset, hedge against inflation, permissible in Islam, no counterparty risk when held physically.

7. Entrepreneurship and Business Investment:

   • What it is: Directly investing in or starting a legitimate, ethical business that provides goods or services. This is perhaps the most encouraged form of wealth creation in Islam, emphasizing productive labor and real value creation.
   • How it works: Investing your own capital, partnering with others, or providing capital to a trusted venture under Mudarabah profit-sharing or Musharakah partnership agreements.
   • Pros: Directly contributes to the economy, potential for significant returns, full alignment with Islamic principles.
   • Cons: High risk, requires significant effort and expertise, illiquidity.

For ethical investors, the focus should always be on real economic activity, tangible assets, and profit-sharing models rather than speculative trading on price differences. These alternatives provide pathways to grow wealth while adhering to deeply held ethical convictions.

How to Avoid Risky and Impermissible Financial Products

Navigating the financial world while adhering to ethical and Islamic principles requires diligence and a clear understanding of what makes certain products problematic.

The key is to distinguish between legitimate investment in real assets and speculative ventures that resemble gambling or involve interest. Chrono-mod.com Review

Understanding Key Prohibitions in Islamic Finance

• Riba Interest: Any predetermined, excessive, or unjustified increase in a loan or exchange of two similar items e.g., money for money. This applies to both receiving and paying interest. Products like conventional loans, credit cards with interest, and interest-bearing savings accounts are problematic.

  • Example: A conventional bank loan for purchasing a car typically charges interest.
  • Data Point: Global interest income for conventional banks exceeded $3 trillion in 2022, highlighting the pervasive nature of interest-based finance. Source: Deloitte Global Financial Services Industry Outlook 2023.

• Gharar Excessive Uncertainty/Ambiguity: Transactions with excessive uncertainty, ambiguity, or hidden risks that could lead to dispute or injustice. This often applies to highly speculative contracts where the subject matter or outcome is unclear or dependent on chance.

  • Example: Selling something you don’t own or don’t have immediate control over, or contracts with hidden clauses.
  • Application to CFDs: Since you don’t own the underlying asset and the outcome is purely based on price movement speculation, CFDs often fall under Gharar.

• Maysir Gambling: Any activity where gain depends purely on chance, with no productive effort, and involves a zero-sum outcome where one party’s gain is directly another’s loss.

  • Example: Lottery tickets, casino games.
  • Application to CFDs: The highly speculative, leveraged nature of CFDs, where profits are derived solely from predicting market movements and losses can exceed initial capital, often aligns with the definition of Maysir. As noted, a high percentage of retail CFD traders lose money, indicating a strong element of chance rather than skill in consistently predicting outcomes.

• Prohibited Industries: Investing in businesses involved in activities considered haram forbidden, such as alcohol, pork, gambling, conventional banking, pornography, and weapons manufacturing unless for defensive purposes.

Practical Steps to Avoid Risky Products

1. Educate Yourself: Invest time in learning the basics of Islamic finance principles Maqasid al-Sharia, Riba, Gharar, Maysir, Halal/Haram investments. Resources are abundant through Islamic finance institutions, academic papers, and reputable online platforms. Bimsonpower.com Review

   • Recommendation: Start with foundational texts or courses on Islamic economics and finance.

2. Verify Asset Ownership: Always ask: “Am I actually owning a real, tangible asset, or am I just speculating on its price?” If it’s the latter, proceed with extreme caution or avoid entirely.

   • Example: Buying physical gold vs. gold CFDs. buying company shares vs. share CFDs.

3. Scrutinize Leverage: High leverage is a major red flag for ethical investors, as it amplifies risk beyond reasonable limits and often has underlying interest mechanisms. Seek investments where risk is proportionate to the capital invested.

   • Fact: The global average debt-to-equity ratio for non-financial companies can be around 1.5x to 2x, indicating reasonable leverage, but retail CFD brokers often offer leverage hundreds of times higher.

4. Understand Fee Structures: Be wary of hidden fees, overnight charges, or complex fee structures that might implicitly involve interest or disguised Riba. Even “swap-free” accounts need careful examination to ensure no other interest-based charges are present.

   • Tip: Always read the full customer agreement and terms and conditions.

5. Seek Sharia Compliance Certification: For complex financial products, look for certification from reputable Sharia advisory boards or scholars. While not foolproof, it indicates that the product has undergone a screening process. However, for derivatives like CFDs, finding a widely accepted Sharia certification is rare precisely because of their inherent issues.

6. Focus on Real Economy Investments: Prioritize investments that contribute to real economic growth, create jobs, and produce tangible goods or services. This includes direct equity in ethical companies, real estate, and ethical business ventures. Logonfixit.com Review

   • Impact: A 2022 report by the Global Islamic Economy Summit noted that Islamic finance assets grew to over $4 trillion, emphasizing a shift towards ethical and real-asset backed investments.
7. Consult with Experts: If unsure, seek advice from qualified Islamic finance scholars or ethical financial advisors who specialize in Sharia-compliant investments.

Enrisecapital.com Pricing and Account Types

Enrisecapital.com outlines three distinct account types, all sharing a surprisingly low minimum deposit of $100. While a low entry barrier might seem appealing, it’s crucial to understand the implications, especially for high-risk trading products like CFDs.

The pricing structure, particularly regarding commissions and swaps, warrants detailed attention from an ethical standpoint.

Account Types Offered

Enrise Capital offers three primary account types: ECN, Cent, and Standard.

All three types share common features such as a low minimum deposit and high leverage. Tooniesanimation.com Review

1. ECN Account:

   • Minimum Deposit: $100
   • Size: 100,000 Currency USD likely referring to lot size capabilities
   • Leverage: Up to 1:500
   • Swap Free: Yes
   • Commission: $7
   • Description: ECN Electronic Communication Network accounts typically offer raw spreads directly from liquidity providers, with the broker earning a commission per trade. This structure is often preferred by experienced traders seeking tighter spreads.

2. Cent Account:

   • Size: 100,000 Currency USD
   • Commission: Zero
   • Description: Cent accounts are often marketed to beginners or those wishing to trade with very small volumes, as trades are denominated in cents rather than standard units. This allows for micro-trading, seemingly reducing risk, but the leverage still applies proportionally.

3. Standard Account:

   • Description: Standard accounts are the most common type, offering a balance of features. The “zero commission” model typically means the broker earns its revenue from a wider spread the difference between the buy and sell price.

Critical Ethical Considerations in Pricing

• “Swap Free” Option: The explicit mention of “Swap Free” for all account types is a crucial attempt to address the Riba interest issue associated with overnight holding costs swaps in Forex and CFD trading. In conventional trading, holding a position overnight incurs interest charges or payments, which are considered Riba. By offering a swap-free option, the broker aims to comply with Islamic finance principles.

  • However: While this addresses explicit Riba on overnight positions, the underlying leveraged CFD trading itself still carries significant ethical concerns due to Gharar excessive uncertainty and Maysir gambling, as discussed previously. A product cannot be made fully ethical simply by removing one prohibited element if its fundamental nature remains problematic.
  • Mechanism: Brokers offering “swap-free” accounts often compensate for the lost swap revenue by either slightly wider spreads or through other administrative fees. It’s essential for ethical investors to understand how the broker generates revenue without explicit swaps.

• Low Minimum Deposit $100: Songlorious.com Review

  • Deceptive Appeal: A low minimum deposit makes high-risk trading accessible to individuals with limited capital. While seemingly beneficial for beginners, this can lure inexperienced traders into highly leveraged and speculative markets where they are likely to lose their initial investment quickly.

  • Industry Data: Reports from major financial regulators like the FCA UK and ASIC Australia consistently show that 70-80% of retail CFD traders lose money, often more than their initial deposit. Making it easy for individuals with small capital to enter these markets exacerbates this problem.

  • Risk Amplification: As highlighted, 1:500 leverage means a tiny market movement against your position can lead to a margin call or a complete loss of your capital. For instance, with 1:500 leverage, a mere 0.2% adverse price move against your position can wipe out your entire capital.

  • Ethical Conflict: This level of risk contradicts the Islamic principle of preserving wealth and engaging in productive, less speculative ventures. It transforms investment into something closer to gambling, where the probability of significant loss is extremely high for the average retail trader.

In conclusion, while Enrisecapital.com attempts to appeal to a broader audience, including those seeking “swap-free” options, the fundamental nature of its CFD trading products and the high leverage offered present significant ethical challenges from an Islamic finance perspective. Bugasalt.com Review

The pricing and account structures, though seemingly competitive, facilitate engagement in highly speculative and high-risk activities.

How to Cancel Enrisecapital.com Subscription or Account Closure

Since Enrisecapital.com operates as a trading broker rather than a subscription service, the process would typically involve closing your trading account rather than canceling a recurring subscription.

Given the ethical concerns surrounding speculative trading, closing such an account is a prudent step for an ethical investor.

Steps to Close a Trading Account with Enrise Capital:

Based on standard industry practices for brokers, the process generally involves:

1. Withdraw All Funds: Medicine-man.uk Review

   • Before initiating account closure, ensure all your remaining funds are withdrawn from your trading account.
   • Access your Client Portal usually accessible through the “Login” link on the Enrise Capital website.
   • Navigate to the “Withdrawal” section.
   • Follow the instructions to submit a withdrawal request. Note the disclaimer on their homepage: “Please note that withdrawals may take up to 24 hours to process.”
   • Ensure all open positions are closed before attempting to withdraw funds.

2. Contact Customer Support:

   • Account closure is typically handled by the broker’s customer support team.
   • The website provides contact information:
     • Email:
     • Phone: +971 4 570 6699
   • Compose a clear and concise email or make a phone call stating your intention to close your trading account.
   • Include your account number and any other necessary identification details for verification purposes.

3. Follow Verification Procedures:

   • The broker will likely require you to confirm your identity for security purposes. This might involve answering security questions, providing a scanned copy of your ID, or other verification steps.
   • Be prepared to provide any requested documentation promptly.

4. Confirm Account Closure:

   • Once your request is processed and verified, you should receive a confirmation from Enrise Capital that your account has been successfully closed.
   • Keep this confirmation for your records.

Important Considerations:

• Pending Trades or Withdrawals: Ensure all trades are closed and all funds are settled in your account before initiating the closure process. Any pending withdrawals must be completed first.
• Zero Balance: It is usually required that your account balance is zero or has been fully withdrawn before closure can be finalized.
• Associated Platforms: If you were using MetaTrader 5, simply uninstalling the software from your device is not enough to close your account with the broker. The account closure must be initiated directly with Enrise Capital.
• Data Retention: Even after closing your account, brokers are typically required by regulatory bodies to retain certain client data for a period e.g., 5-7 years for record-keeping and anti-money laundering AML purposes. This is standard practice across the financial industry.

By following these steps, individuals can effectively close their Enrisecapital.com trading account and move towards more ethically sound financial ventures.

Enrisecapital.com vs. Ethical Alternatives

When comparing Enrisecapital.com with ethical alternatives, it’s not a matter of which platform is “better” in terms of features, but rather which aligns with fundamental ethical and Islamic finance principles. Mails.so Review

The distinction is stark, highlighting a philosophical divergence in approach to wealth generation and economic participation.

Enrisecapital.com: The Speculative Model

Enrisecapital.com, as a CFD and Forex broker, operates on a speculative model.

• Core Activity: Facilitates trading in derivatives CFDs on various underlying assets currencies, shares, commodities, indices, cryptocurrencies.
• Profit Mechanism: Traders profit from predicting price movements. The broker earns from spreads and/or commissions.
• Ownership: No actual ownership of the underlying asset. It’s a contract based on price difference.
• Risk Profile: Extremely high due to leverage up to 1:500. High probability of losing capital, often exceeding initial investment. Regulatory reports from major bodies e.g., European Securities and Markets Authority – ESMA consistently show that 70-80% of retail CFD traders lose money.
• Ethical Stance Islamic: Generally considered impermissible due to Gharar excessive uncertainty, Maysir gambling, and sometimes implicit Riba interest even with “swap-free” options, because of the leveraged nature of the underlying debt for short selling or buying on margin. The focus is on financial speculation rather than productive economic activity.

Ethical Alternatives: The Real Economy & Partnership Model

Ethical alternatives, particularly those rooted in Islamic finance, prioritize real asset ownership, productive investments, risk-sharing, and avoiding speculative, interest-based, or gambling-like activities.

1. Direct Equity in Sharia-Compliant Companies:

   • Core Activity: Investing in the actual shares of businesses that operate ethically and contribute to the real economy.
   • Profit Mechanism: Share in the company’s profits dividends and capital appreciation from business growth.
   • Ownership: Actual ownership of a portion of the company.
   • Risk Profile: Moderate to high, depending on market conditions and company performance, but without the magnified risk of excessive leverage. Risk is shared with the company.
   • Ethical Stance Islamic: Highly permissible, aligns with principles of productive investment and risk-sharing.

2. Islamic Mutual Funds/ETFs:

   • Core Activity: Diversified investment in a portfolio of Sharia-compliant assets, managed by experts.

   • Profit Mechanism: Returns generated from the underlying assets’ performance e.g., dividends from stocks, returns from Sukuk.

   • Ownership: Indirect ownership of a diversified portfolio of real assets.

   • Risk Profile: Moderate, offering diversification to mitigate individual asset risk.

   • Ethical Stance Islamic: Permissible, as funds are screened for Sharia compliance and aim for diversified, ethical growth.

   • Core Activity: Investing in certificates that represent ownership in tangible assets or profit-sharing ventures.

   • Profit Mechanism: Returns generated from the income of the underlying asset e.g., rental income, project profits.

   • Ownership: Direct or indirect ownership of a tangible asset or share in a project.

   • Risk Profile: Generally lower risk than equities, as they are asset-backed, though dependent on the underlying asset’s performance.

   • Ethical Stance Islamic: Highly permissible, a cornerstone of asset-backed Islamic finance.

3. Real Estate Investment Direct or REITs:

   • Core Activity: Investing in physical property or Sharia-compliant real estate trusts that own and operate ethical properties.
   • Profit Mechanism: Rental income and capital appreciation of tangible assets.
   • Ownership: Direct or indirect ownership of real estate.
   • Risk Profile: Moderate, subject to property market dynamics, but inherently asset-backed.
   • Ethical Stance Islamic: Highly permissible, promotes tangible asset ownership and legitimate income.

Key Differences Summarized:

Feature	Enrisecapital.com CFDs	Ethical Alternatives e.g., Sharia Stocks, Sukuk
Core Activity	Speculation on price	Investment in real assets/productive ventures
Ownership	No asset ownership	Direct or indirect asset ownership
Leverage	Very High e.g., 1:500	Low or None equity via cash, or acceptable debt
Risk Source	Market prediction, amplified by leverage	Market performance, business fundamentals
Ethical Basis	Problematically high Gharar, Maysir, potential Riba	Avoids Riba, Gharar, Maysir. promotes productive economy
Wealth Impact	High chance of loss, financial ruin	Wealth preservation, gradual growth, risk-sharing

In conclusion, the choice between Enrisecapital.com and ethical alternatives is a fundamental one, reflecting different philosophies of wealth creation and engagement with the financial system.

For those committed to ethical principles, platforms like Enrise Capital, despite their technical sophistication, represent a path to be avoided in favor of investments rooted in real economic value and shared risk.

FAQ

What is Enrisecapital.com?

Enrisecapital.com is an online trading broker that offers access to speculative financial instruments, primarily Contracts for Difference CFDs on Forex, shares, commodities, indices, and cryptocurrencies, using the MetaTrader 5 platform.

Is Enrisecapital.com regulated?

Yes, Enrisecapital.com states on its homepage that it is “Fully regulated by the Financial Services Commission FSC” in Mauritius, under registration number C190079.

What kind of trading does Enrisecapital.com offer?

Enrisecapital.com primarily offers CFD Contract for Difference trading, which allows speculation on the price movements of various assets without actual ownership.

This includes Forex, shares, commodities, indices, and cryptocurrencies.

What is the minimum deposit for Enrisecapital.com?

The minimum deposit for all account types ECN, Cent, Standard on Enrisecapital.com is $100.

Does Enrisecapital.com offer high leverage?

Yes, Enrisecapital.com offers very high leverage, up to 1:500, which significantly amplifies both potential gains and losses.

Are there “swap free” accounts on Enrisecapital.com?

Yes, Enrisecapital.com explicitly states that all its account types ECN, Cent, Standard are “Swap Free,” which aims to address the issue of overnight interest charges Riba for certain trading positions.

What is the primary concern with Enrisecapital.com from an ethical standpoint?

The primary concern is that its core offerings CFD trading are highly speculative and often involve elements of Maysir gambling and Gharar excessive uncertainty, even with “swap free” options, due to the detached nature from real asset ownership and the use of high leverage.

Why is CFD trading generally discouraged in ethical investing?

CFD trading is discouraged because it often involves speculation on price movements without actual ownership of the underlying asset, making it akin to gambling.

High leverage also creates excessive risk, which is contrary to principles of wealth preservation and responsible investment.

Can I lose more than my initial deposit with Enrisecapital.com?

Yes, Enrisecapital.com’s risk warning explicitly states: “An investment in derivatives may mean investors may lose an amount even greater than their original investment,” due to the high leverage involved.

What is the difference between Enrisecapital.com and ethical investment platforms?

Enrisecapital.com focuses on speculative CFD trading, where you don’t own the asset.

Ethical investment platforms focus on real asset ownership, productive investments e.g., Sharia-compliant stocks, real estate, profit-sharing models, and avoiding interest or excessive speculation.

How do I close my Enrisecapital.com trading account?

To close your Enrisecapital.com trading account, you typically need to withdraw all your funds, then contact their customer support via email or phone +971 4 570 6699 to formally request account closure and follow their verification procedures.

Does Enrisecapital.com provide account management services?

No, Enrisecapital.com explicitly states in its disclaimer: “We do not provide account management services or any signals services.

All trading decisions are made solely at the discretion of the account holder.”

What are some ethical alternatives to speculative trading platforms like Enrisecapital.com?

Ethical alternatives include direct equity investment in Sharia-compliant companies, Islamic mutual funds or ETFs, Sukuk Islamic bonds, physical gold and silver, ethical crowdfunding platforms, and direct real estate investments.

What is Riba, and how does it relate to trading platforms?

Riba refers to interest or unjustifiable increase in a loan or exchange.

Conventional trading platforms might involve Riba through overnight interest charges swaps or the underlying mechanisms of leveraged trading.

While Enrisecapital.com offers “swap free” accounts, the broader concern remains.

What is Gharar in Islamic finance?

Gharar refers to excessive uncertainty, ambiguity, or hidden risk in a contract that could lead to dispute or injustice.

Highly speculative financial products like CFDs often contain elements of Gharar due to their unpredictable nature and lack of tangible asset backing.

What is Maysir in Islamic finance?

Maysir refers to gambling or any activity where gain depends purely on chance, with no productive effort, and involves a zero-sum outcome.

The highly speculative nature of leveraged CFD trading, where one’s gain is often another’s loss, can fall under the definition of Maysir.

Is cryptocurrency trading on Enrisecapital.com ethical?

If offered as CFDs, cryptocurrency trading on Enrisecapital.com faces the same ethical concerns as other CFDs Gharar, Maysir, leverage. While the permissibility of cryptocurrencies themselves is debated, trading them as highly leveraged derivatives is generally considered problematic.

What is MetaTrader 5, and how does Enrisecapital.com use it?

MetaTrader 5 MT5 is a popular third-party trading platform known for its advanced charting tools, technical indicators, and order management features.

Enrisecapital.com uses MT5 to allow its clients to execute trades on the various financial instruments it offers.

Are there any geographical restrictions for Enrisecapital.com services?

Yes, Enrisecapital.com states that it “does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, Sudan, United Arab Emirates UAE & India.”

Where are Enrisecapital.com’s registered and physical addresses?

Enrisecapital.com lists a registered address at 14 Poudriere Street, Premier Business Centre, 10th Floor Sterling Tower, Port Louis, Mauritius, 76001. Its physical address is Office 9f-A-36, Empire Heights, Business Bay, Dubai, United Arab Emirates.