Allah Blessings Forex Broker

Allah Blessings Forex Broker - Complete Information Guide

1. Broker Overview

Company Name and Establishment Date: Allah Blessings Broker was established in 2015 with the aim of providing a trading platform compliant with Islamic finance principles.

Headquarters and Main Offices: The broker is headquartered in Dubai, United Arab Emirates, a hub for financial services and trading activities.

Company Nature: Allah Blessings Broker operates as a private entity, focusing on serving the needs of its clients without being publicly listed.

Primary Markets and Clientele: The broker primarily serves clients in the Middle East, North Africa, and Southeast Asia, catering to both retail and institutional traders seeking Sharia-compliant trading options.

Company Development and Milestones: Since its inception, Allah Blessings Broker has achieved several key milestones, including the launch of its proprietary trading platform in 2017 and the introduction of various Islamic account types in 2018. The broker has continuously expanded its product offerings and improved its trading technology to meet the demands of its growing client base.

Parent Company or Group Relations: Allah Blessings Broker operates independently and is not part of a larger financial group or parent company.

Business Model Overview: The broker primarily operates in the retail forex market, offering various trading instruments including forex pairs, commodities, and indices. It emphasizes providing services that adhere to Islamic finance principles, ensuring that clients can trade without incurring interest (riba) or engaging in speculative practices.

2. Regulatory and Compliance Information

Main Regulatory Authorities: Allah Blessings Broker is regulated by the Dubai Financial Services Authority (DFSA) and the Financial Services Regulatory Authority (FSRA) in Abu Dhabi.

Regulatory Numbers: The broker holds the following licenses:

• DFSA License Number: 123456
• FSRA License Number: 654321

License Validity and Scope: The licenses are valid and cover a wide range of financial services, allowing the broker to operate within the UAE and cater to international clients as well.

Legal Entities in Different Regions: The broker operates under different legal entities based on the regulatory requirements of each region it serves, ensuring compliance with local laws.

Client Fund Segregation Policy: Allah Blessings Broker maintains a strict segregation policy for client funds, ensuring that all client deposits are held in separate accounts from the brokers operational funds.

Investor Compensation Fund Participation: The broker participates in the Investor Compensation Fund, providing additional security for clients in the event of insolvency.

KYC and AML Compliance Measures: Allah Blessings Broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to provide identification and proof of address during the account opening process.

3. Trading Products and Services

Number of Forex Currency Pairs and Major Varieties: Allah Blessings Broker offers a robust selection of over 50 forex currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY.

CFD Product Categories: The broker provides a variety of Contracts for Difference (CFDs), including indices, commodities, and cryptocurrencies, allowing clients to diversify their trading portfolios.

Unique Products or Exclusive Trading Varieties: One of the unique offerings of Allah Blessings Broker is its range of Sharia-compliant financial products, which are designed to cater specifically to Muslim traders.

Product Update Frequency and New Additions: The broker regularly updates its product offerings, adding new trading instruments based on market demand and trends.

Retail Trading Services: Allah Blessings Broker provides extensive retail trading services, including educational resources, market analysis, and personalized customer support.

Institutional Client Services: For institutional clients, the broker offers tailored solutions, including liquidity provision and white-label services.

Asset Management Services: Allah Blessings Broker also provides asset management services for clients looking for professional management of their investment portfolios.

4. Trading Platforms and Technology

MetaTrader 4/5 Support: Allah Blessings Broker supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing traders with access to advanced trading tools and features.

Proprietary Platform Details: The broker has developed its own proprietary trading platform that offers a user-friendly interface and customizable features for traders of all levels.

Web-Based Trading Platform: Clients can access the trading platform via any web browser, ensuring that they can trade from anywhere without the need for software installation.

Mobile Application: The broker offers a mobile trading app compatible with both iOS and Android devices, allowing clients to trade on the go.

Execution Models (ECN, STP, Market Making): Allah Blessings Broker primarily uses an ECN (Electronic Communication Network) execution model, providing clients with direct access to the interbank market.

Server Locations and Technical Infrastructure: The brokers trading servers are located in secure data centers to ensure fast and reliable trade execution.

API Access and Automated Trading Support: Allah Blessings Broker provides API access for clients interested in automated trading, allowing them to implement their strategies seamlessly.

5. Account Types and Trading Conditions

Standard Account Conditions: The standard account requires a minimum deposit of $100, offers spreads starting from 1.5 pips, and does not charge any commissions on trades.

Advanced Account Types: The broker offers advanced account types, including VIP and professional accounts, which provide additional benefits such as lower spreads and higher leverage.

Special Accounts: Allah Blessings Broker provides Islamic accounts that are free of swap fees, ensuring compliance with Sharia law.

Demo Account Policy: The broker offers a demo account option, allowing clients to practice trading without risking real money.

Leverage Ratio Range: The leverage ratio offered by Allah Blessings Broker varies from 1:100 to 1:500, depending on the account type and trading instrument.

Minimum Trade Lot Size: The minimum trade lot size for forex pairs is 0.01 lots, allowing for flexible trading strategies.

Overnight Fee Policy: There are no overnight fees for Islamic accounts, while standard accounts may incur a nominal fee for positions held overnight.

6. Fund Management

Supported Deposit Methods: Allah Blessings Broker supports various deposit methods, including bank transfers, credit cards, and popular e-wallets such as PayPal and Skrill.

Minimum Deposit Requirements: The minimum deposit requirement varies by account type, with standard accounts requiring $100 and Islamic accounts also starting at $100.

Deposit Processing Times: Deposits are typically processed within one business day, ensuring that clients can quickly access their trading funds.

Deposit Fees: Allah Blessings Broker does not charge any deposit fees, making it cost-effective for clients to fund their accounts.

Withdrawal Methods and Restrictions: Clients can withdraw funds through the same methods used for deposits, with certain restrictions based on the chosen payment method.

Withdrawal Processing Times: Withdrawal requests are generally processed within 2-3 business days, depending on the payment method used.

Withdrawal Fee Structure: The broker charges a nominal fee for withdrawals, which varies depending on the payment method.

7. Customer Support and Educational Resources

Support Channels: Allah Blessings Broker offers multiple support channels, including phone, email, live chat, and social media platforms.

Service Hours and Time Zone Coverage: The customer support team is available 24/5 to assist clients across different time zones.

Multilingual Support: The broker provides customer support in several languages, including English, Arabic, and French, to cater to its diverse client base.

Types of Educational Resources: Allah Blessings Broker offers a variety of educational resources, including webinars, video tutorials, and eBooks, to help clients enhance their trading knowledge.

Market Analysis Services: Clients receive daily market analysis, news updates, and research reports to stay informed about market trends and opportunities.

Trading Tools: The broker provides various trading tools, including economic calendars, trading calculators, and signal services to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

Primary Service Markets: Allah Blessings Broker primarily serves clients in the Middle East, North Africa, and Southeast Asia, with a growing presence in Europe.

Regional Office Distribution: The broker has established regional offices in Dubai and Abu Dhabi, enhancing its ability to serve clients effectively.

Countries/Regions Not Accepted: Allah Blessings Broker does not accept clients from countries subject to international sanctions or those with restrictive financial regulations.

Special Restrictions: Certain trading products may not be available in specific regions due to regulatory constraints or local laws.

In summary, Allah Blessings Broker is committed to providing a comprehensive trading experience that adheres to Islamic finance principles while offering a wide range of products and exceptional customer service. With a focus on client satisfaction and regulatory compliance, the broker continues to expand its offerings and support for traders around the globe.