Ask Ghamidi

A Community Driven Discussion Portal
To Ask, Answer, Share And Learn

Forums › Forums › General Discussions › Forex CFD Trading

  • General Discussions

    Forex CFD Trading

    Posted by Muhammad Bilal on November 7, 2025 at 7:52 am

    Assalāmu ‘Alaikum,

    I need clarification regarding trading gold with the broker Exness. When I asked them about trading XAUUSD, they informed me that:

  • Neither I nor the broker own any physical or digital gold.

  • No actual buying or selling of gold takes place, and no gold is ever delivered into the trader’s possession.

  • The trading is done through CFD (Contract for Difference), which means no asset is owned; profit or loss is only based on price movement, not actual ownership or transfer of gold.

  • All transactions are real-time, but the underlying asset is never owned.

  • Exness also told me that they act as their own liquidity provider in these trades.

    • I use a swap-free (Islamic) account, so no interest is charged, and I always use leverage in my trades.

    My question is:

    Is trading gold in this form (CFD with no real ownership or delivery, and the broker acting as its own liquidity provider) halal or haram?And does the ruling change because it is swap-free, even though leverage is used?

    JazākAllāhu Khayran.

Muhammad Bilal replied 3 minutes ago 1 Member · 0 Replies
  • 0 Replies

    • Sorry, there were no replies found.

    You must be logged in to reply.
    Login | Register

    Start of Discussion
    0 of 0 replies June 2018
    Now