1. FBS >
  2. บล็อก FBS >
  3. Forex Trading in Egypt – Guide to Forex trading
อัปเดทแล้ว • 2022-11-11

Forex Trading in Egypt – Guide to Forex trading

0_TRFNEW-1734 Forex Trading in Pakistan – Guide to Forex trading_AR.png

We live in times when trading has become a constant part of our lives. Every country has access to the global trading market and so millions of people from all over the world can participate in trading from the comfort of their homes. And Egypt is no exception.

There are many different resources that Egyptian traders use to get profit. One of them is forex. The forex market is the largest market in the world, so it’s not surprising that traders from Egypt are so interested in it. But before we examine the wonders of forex trading in Egypt, let’s briefly look at what forex trading actually is.

What is forex trading?

Forex (or foreign exchange) trading includes buying, selling and exchanging national currencies of various countries. When you buy stuff online for a different currency or exchange your national currency while visiting another country, you basically do foreign exchange. It happens everywhere and is a part of our everyday life.

But the world doesn’t stop moving, and neither do currency rates. They’re constantly being adjusted and can change multiple times in one day. Millions of traders exchange one currency for another in the hopes of profiting from such exchanges. Because of this, the forex market is considered the most liquid market and has one of the highest daily turnovers in the trading world. So it’s only logical that traders from all around the world, including Egypt, would be interested in opportunities and profit forex trading offers.

Pros and cons of forex trading

Of course, before deciding whether you want to trade forex, it’s important to know all the advantages and disadvantages associated with it.

Forex trading has become widely popular among traders all around the world who see an unlimited potential in this type of trading. And there are very sound reasons for this popularity. The main advantages of forex trading include:

  • leverage – the forex market allows traders to borrow more money from brokers, resulting in higher potential profits;
  • high liquidity – the forex market includes many traders, so forex traders can easily buy and sell currencies;
  • accessibility – nowadays it’s possible to trade forex with the help of trading apps from anywhere and at any time of the day;
  • low commissions – compared to other trading markets, the forex market has the lowest commission rates because of how easy and quickly it is to trade forex.

Of course, everything has drawbacks, and forex trading is no exception. The most prominent disadvantages of forex trading include:

  • high risk – the ability to borrow money from brokers for trading also means that it’s quite possible to lose the money you don’t have and run up a large debt;
  • volatility – currency rates depend on multiple factors, including politics and economy, so the rates can drop or skyrocket unexpectedly;
  • not enough regulation – there are few legal instruments regulating forex trading, so it’s important to thoroughly examine potential brokers before giving them your money.

Thus, before starting forex trading, make sure to consider all pros and cons to decide whether this is something you’re ready to do.

Forex Trading – Guide to Forex trading (2).png

How to trade forex in Egypt?

Now that we know what forex trading is, let’s finally look closely at the main aspects of forex trading in Egypt. Of course, the first and most important question is:

Is forex trading legal in Egypt?

And the answer is yes. According to Law No 88/2003, holding and trading foreign currencies is legal in Egypt, and all forex transactions are regulated by the Central Bank of Egypt (CBE). There are, of course, some restrictions. For example, the CBE limits the amount of money you can trade within a single transaction. It’s also important to keep in mind that forex trading with unlicensed brokers can be punished by imprisonment. So as long as you use the services of approved banks and licensed brokers, you’re legally in the clear.

Is forex trading halal?

We already learned that forex trading is legal in Egypt, but is it permitted in Islam? Let’s look into it a little closely.

According to the Qur’an, it is forbidden to participate in usury, or business activities that involve charging interest. This poses a problem in forex because brokers charge an interest – a swap commission – if traders hold their positions open overnight. This doesn’t fare well with Islamic law where this can be considered as usury as well.

So a lot of brokers now offer special accounts that allow traders to hold positions overnight without paying any interest. Such accounts are called swap-free accounts. FBS also offers the Swap Free account. With this option, you will neither receive nor pay swap commissions, which is exactly what Muslim traders need to ensure their forex trading activities are halal.

How to choose your broker

After making sure that forex trading is legal in Egypt, the first step is to choose your broker. Choosing the right broker is very important. Not every broker is transparent and honest, and you need to carefully study your options to avoid entrusting your money and time to a potential fraudster.

However, you don’t have to worry about these issues with FBS. FBS is licensed by the International Financial Services Commission (IFSC) of Belize and is considered one of the most transparent and trustworthy brokers in the world. FBS is offers its clients all over the world a no-deposit starting bonus to help them get accustomed to the platform. What is more, FBS values its clients from Egypt highly and offers a variety of payment methods to make withdrawals for Egyptian traders easier. FBS is very dedicated to making trading as comfortable for traders as possible, which successful Egyptian traders noted in their positive reviews.

Get stable Internet connection

Another thing to take care of before starting trading is to get a reliable Internet connection. It’s extremely important for successful trading to have a stable and uninterrupted access to Internet and your account. Even a one-second delay can cost you a lot of potential profit. So make sure your Internet connection and speed are enough to support your trading activities.

But if you have trouble getting a stable internet connection, consider getting a VPS. VPS helps users have a fast and stable connection to trading platforms and protects them from power outages and interruptions. As it is, FBS offers its own VPS-server for free if you fulfill some easy conditions, so make sure to look into it.

Forex Trading – Guide to Forex trading (1).png

Select a trading platform

Choosing a trading platform for your trading activities is a very important step. All trading platforms are different and unique in their own way. Some offer more analytical tools, others support different types of trading. Some only work on smartphones, others have only desktop versions.

Luckily, FBS has different trading platforms to offer depending on your needs. FBS Trader is a powerful trading platform for smartphones that offers its users fast and constant access to trading, a Quick Start Bonus and a multitude of payment methods to choose from. What is more, FBS is also compatible with MetaTrader 4 and MetaTrader 5, allowing its clients to take full advantage of all the perks available on these platforms. All platforms are well-known in Egypt and readily offer their services for Egyptian traders.

Deposit money into your account

Probably the final thing you have to do before you can start trading is deposit money into your trading account. Every account needs a minimum deposit. Here at FBS you can open an account with a minimum deposit of as low as $1, depending on the type of your account. Of course, different accounts serve different purposes, so do keep that in mind when you choose the type of your account.

As for how you can deposit money into your account, it all depends on the broker you choose. Here at FBS it’s possible to use various payment systems, including credit and debit cards, e-wallets, bank wire transfers, exchangers and even local banks. You can see what systems are available to you in Egypt and choose what suits you best.

In conclusion

Forex trading is one of the most widespread types of trading in the world. Forex trading is legal in Egypt and is regulated by the Central Bank of Egypt. It’s also possible to trade forex in accordance with Islamic law if you use a swap-free account (available at FBS).

To begin forex trading in Egypt, you need to choose a trusted broker approved by relevant agencies, get a stable Internet connection, select a trading platform, create an account and deposit money into your account. With all of this done, you can finally start forex trading!

  • 13202

ประกาศการเก็บรวบรวมข้อมูล

FBS เก็บรักษาข้อมูลของคุณไว้เพื่อใช้งานเว็บไซต์นี้ เมื่อกดปุ่ม "ยอมรับ" ถือว่าคุณยอมรับ นโยบายความเป็นส่วนตัว ของเรา

โทรกลับ

 1
 93
 355
 213
 1684
 376
 244
 1264
 672
 1268
 54
 374
 297
 61
 43
 994
 1242
 973
 880
 1246
 375
 32
 501
 229
 1441
 975
 591
 387
 267
 55
 246
 673
 359
 226
 257
 855
 237
 1
 238
 1345
 236
 235
 56
 86
 61
 61
 57
 269
 242
 243
 682
 506
 225
 385
 53
 357
 420
 45
 253
 1767
 1809
 593
 20
 503
 240
 291
 372
 251
 500
 298
 679
 358
 33
 594
 689
 241
 220
 995
 49
 233
 350
 30
 299
 1473
 590
 1671
 502
 224
 245
 592
 509
 39
 504
 852
 36
 354
 91
 62
 98
 964
 353
 44
 972
 39
 1876
 81
 962
 7
 254
 686
 850
 82
 965
 996
 856
 371
 961
 266
 231
 218
 423
 370
 352
 853
 389
 261
 265
 60
 960
 223
 356
 692
 596
 222
 230
 262
 52
 691
 373
 377
 976
 382
 1664
 212
 258
 95
 264
 674
 977
 31
 599
 687
 64
 505
 227
 234
 683
 672
 1670
 47
 968
 92
 680
 970
 507
 675
 595
 51
 63
 64
 48
 351
 1787
 974
 262
 40
 7
 250
 590
 290
 1869
 1758
 590
 508
 1784
 685
 378
 239
 966
 221
 381
 248
 232
 65
 421
 386
 677
 252
 27
 500
 34
 94
 249
 597
 268
 46
 41
 963
 886
 992
 255
 66
 670
 228
 690
 676
 1868
 216
 90
 993
 1649
 688
 256
 380
 971
 44
 1
 1
 598
 998
 678
 58
 84
 1284
 1
 681
 2
 967
 260
 263
00:00
00:00
00:00
01:00
02:00
03:00
04:00
05:00
06:00
07:00
08:00
09:00
10:00
11:00
12:00
13:00
14:00
15:00
16:00
17:00
18:00
19:00
20:00
21:00
22:00
23:00
23:00
23:00
00:00
01:00
02:00
03:00
04:00
05:00
06:00
07:00
08:00
09:00
10:00
11:00
12:00
13:00
14:00
15:00
16:00
17:00
18:00
19:00
20:00
21:00
22:00
23:00

ผู้จัดการของเราจะโทรหาคุณในเร็ว ๆ นี้

เปลี่ยนเบอร์โทรศัพท์

เราได้รับคำร้องของคุณแล้ว

ผู้จัดการของเราจะโทรหาคุณในเร็ว ๆ นี้

คำขอโทรกลับครั้งต่อไปสำหรับหมายเลขโทรศัพท์นี้
จะพร้อมใช้งานใน

หากคุณมีปัญหาเร่งด่วนโปรดติดต่อเราผ่านทาง
สนทนาออนไลน์

เกิดข้อผิดพลาดภายใน กรุณาลองใหม่อีกครั้งในภายหลัง

อย่ามัวเสียเวลา - ติดตามดูว่า NFP ส่งผลกระทบอย่างไร ต่อ USD แล้วทำกำไรเลยสิ!

คุณกำลังใช้เบราว์เซอร์เวอร์ชันเก่ากว่านี้

อัปเดตเป็นเวอร์ชันล่าสุดหรือลองใช้เพื่อการเทรดที่สะดวกสบายและมีประสิทธิผลยิ่งขึ้น

Safari Chrome Firefox Opera