FBS won the Best Islamic Forex Account award from the Forex Expo Dubai. Talking about the award, the representatives of HD Mena commented that The 2023 Forex Expo, in its 6th edition, represents a significant achievement within the realm of foreign exchange trading.
This prestigious event provides an opulent setting for individuals involved in forex trading, including traders, investors, IBs, financial institutions, and brokers. It brings together professionals and enthusiasts from diverse backgrounds within the trading and investment industry. The expo is optimal for establishing invaluable connections and forging productive partnerships.
Why does FBS provide Islamic Accounts? Islam is the second-largest religion globally, with 2 billion followers. Therefore, the number of Muslim forex traders is not few but spread in many countries. As a leading broker company, FBS understands that Muslims have religious rules (Sharia) that should be obeyed. Sharia forbids any swap in forex trading.
FBS offers 'Islamic Trading' or 'Swap-Free' options for Muslim traders, allowing them to engage in forex and CFD trading without paying overnight swap fees according to Islamic finance principles. FBS is unique because this feature is accessible on all account types, including Standard, Cent, and Pro.
FBS Islamic Forex Account was presented to enable the Moslem Traders to do their forex trading conveniently, without worrying about going against their belief. By the day, the Islamic Forex Account is not used only by Muslim traders but also all traders in general.
"The number of users who use Islamic trading conditions has more than tripled since the beginning of 2023. Thus, FBS is especially honored to receive the Best Islamic Forex Account award. It is a testament to our success in delivering tailored trading tools that cater to the needs of traders of different backgrounds. Offering swap-free, FBS contributes to the growing demand for faith-compliant forex trading options," said Ala Mohammed, Manager of Partnership in Arabic Region FBS.