Leverate’s Sirix multi-broker community grows brokers’ volumes

Is Forex Trading Halal explained by professional Forex trading experts the “ForexSQ” FX trading team.

Is Forex Trading Halal or Haram?

It’s been only a couple of months since Leverate has introduced its major upgrade to their social trading platform Sirix – the multibroker social trading network Sirix Community. Today they have announced the milestone that was achieved for the past 14 weeks. The company reported that volumes have quadrupled during the period and the main reason behind that success is… you guessed it right – the implementation of the Sirix Community.

Along with its introduction new features were added, such as standardization of asset mapping across different brokerages and customization for price differences between the rates at which master traders and followers were executing their trades.

Leverate’s Senior Product Manager Shai Kritz said that copy trading seems to be saving brokerages money in the education area – an important feature for every new trader on the forex market. He proceeded with saying that aside from observing an increase in volumes, an increase in average first deposits is also on the table.

Traders on the Sirix Community network can copy, follow and view the profiles of all other traders on the network — regardless of which broker the trader is with. It is NOT possible, however, to see which broker a given trader belongs to. This is a necessary step in preventing client theft and information collection.

Is Forex Trading Halal or Haram Conclusion

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