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S jonas
Within 1 year

Is it possible to trade particular assets such as Gold (XAU/USD) and Crude Oil using Islamic Financial Securities?

Broker Issues
Islamic Financial Securities
Account
Leverage
Platform
Instruments
05-25
United States
WikiFX
Reply

Based on my personal experience and careful examination of Islamic Financial Securities, it is not possible to trade assets like Gold (XAU/USD) or Crude Oil through this broker. The only instruments available are stocks, and there is no support for commodities, forex, indices, cryptocurrencies, or any other asset class. This limitation stands out immediately for me, as I prefer brokers that offer a wider selection of markets to diversify my strategies and hedge risks when necessary. Furthermore, the lack of information on account features and trading fees makes it particularly challenging to form a clear assessment of their overall offering. The absence of any valid regulatory license for Islamic Financial Securities raises an additional concern from a trustworthiness standpoint. As someone who prioritizes capital protection, I am extremely cautious about trading with unregulated entities, especially those that provide such limited transparency. In my view, regulated brokers typically offer more protections and clearer disclosures, which are critical to safeguarding my investments. For those specifically looking to trade gold, crude oil, or any commodity and forex assets, I would recommend considering other firms that are properly licensed and provide the required range of tradable instruments.

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