WikiFX

Sagot

Based on my experience assessing brokers and after carefully reviewing the available details, I want to be transparent regarding Islamic Financial Securities: I was unable to find any concrete information about spreads, including for EUR/USD, on standard accounts with this broker. In fact, there is very limited public information about their trading conditions overall. More importantly, Islamic Financial Securities operates without any valid regulatory oversight, according to the latest verifiable sources. As an experienced trader, this is a significant concern for me, as the lack of regulation means that there is minimal protection or recourse in the event of a dispute or irregular practices. Additionally, it appears that Islamic Financial Securities only offers stock trading via its proprietary mobile app, with no mention of forex trading instruments being available at all—EUR/USD included. The absence of a demo account or transparent fee structure is another red flag for me. For traders interested in forex, especially for popular pairs like EUR/USD, and for those who value transparent, well-defined trading conditions, I would strongly recommend looking for reputable and properly regulated firms that clearly disclose their spreads, account types, and offer forex products. Given the current situation, I am not in a position to provide any reliable information about EUR/USD spreads with Islamic Financial Securities, and I would exercise extreme caution before considering them for any trading activity.