Is Forex and Binary Trading Halal or Haram?

Are you recently getting interested in Forex or Binary Trading by chance? Are you getting lots of messages on messenger to invest and double your earnings too? If you really know what you are doing then you don’t waste time sending Facebook messages offering to double people’s money. Of all these traders could double your money in such a short time, they wouldn’t ask you for money.

Binary options trading offers a wide range of markets, including stocks, commodities and currencies, whilst the Forex market offers a much smaller choice of trades. Although Forex trading mainly takes place in the four major currency pairs, there are many more pairs available. — One Financial Markets

Double My Investment in a Week

If some one can double your investment, he surely can double his own investment right? And if he knows how to double investment then he shouldn’t be needing your investment at all. If they are legit why they need investor they can double triple there own money. NASDAQ and NYSE and LSE are the top exchanges of the world holding trillions of dollar. The best return even there is 35%.

Well, no Forex trader can double investment in such a short period. It’s all scam like double shah! Just like Akshay Kumar and Bipasha Basu. It’s a trap. Don’t fall for it. If it sounds too good to be true it definitely isn’t. Profits are never guaranteed in Forex trading. If someone says they can guarantee X Amount of profit, it’s a sure-shot scam. Total scam, don’t give your money to any one.

Do not ever give any amount to any one dude. Can you recover the money if they run away and vanish? If recovery is possible then go for it. Otherwise, Do it yourself. Anyone who can make that kind of dough will not ask you for money. Keep in mind, no one can guarantee profits on Forex/Binary trading specially the amount of profits they are guaranteeing you. The only safe way is to learn and do it yourself.

Create your own demo account and invest your own Just remember three things:

  1. If it seems too good to be true, its a scam;
  2. It’s better to get a small return then to loose big,
  3. Saying Alhamdullilah won’t make someone honest.

Whenever you start something never ever trust on a man’s beard or get motivated by his successful personality legal documentation does not cost much but you can sue the guy if he breaches the contact. No such thing as a free lunch, my friend. The most obvious give away is the use of “deeni” words. Do not get scammed with these, stay away! Don’t go for it. You will lose it all. 

Where can I Really Get Good Returns?

If you want to do it learn it by yourself and do trading by yourself. 95% of all leveraged Forex traders lose their whole pot. If you want to invest, invest in banks. If want to do trading then learn it by yourself through Invest yourself and monitor what’s going on. It’s easy. Regarding forecast, you may have an idea from multiple websites. You can also tend to look into mutual funds. They grow better when one have a diversified portfolio. Businesses operating in commodity market have their offices, yeah actual offices. And they give their clients their bank account details and last thing, before they take money from you, they give you access on a dummy software so that after some committed time, you can operate in commodity or Forex market yourself.

Are you conscious if Forex or Binary Trading is Halal or Haram?

Well, Binary is Haram and Forex and other CFDS etc is halal. Binary trading is absolutely the worst kind of gambling. And if you must gamble, do it in a better way. Try to visit National Incubation Centre/ NEST IO etc, meet real start-ups and business and be an investor and Co founder of any Startup u personally feel have the potential to grow. By this your money will be with u and leads u to be an actual businessman.


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