​Forex trading can be halal (permissible) in Islam if it follows specific guidelines:​

• Spot Trading: Engaging in immediate currency exchange without delay.​

• Swap-Free Accounts: Using accounts that do not involve interest (riba).​

• Avoiding Speculation: Refraining from high-risk, speculative trading that resembles gambling (maysir).​HYCM

• Transparency: Ensuring clear and fair terms in all transactions.​STP TRADING

However, margin trading and derivatives are generally considered haram (forbidden) due to their involvement with interest and speculative elements. ​

In Pakistan, forex trading is legal and regulated by the Securities and Exchange Commission of Pakistan (SECP). ​DailyForex

For a more detailed explanation, you might find the following video insightful:

Is Forex Trading Halal in Islam? | Assim Al Hakeem Explains

To open a forex account in Pakistan, choose a trusted broker that accepts Pakistani traders (like Exness, OctaFX, or XM), register on their website, verify your identity with CNIC and proof of address, then deposit funds using local payment methods like Easypaisa, JazzCash, or bank transfer.

Exness is highly recommended for its low fees, easy account setup, and local payment options.

Crypto trading is halal if done with simple swap. However, swap trading, futures, and CFDs are generally haram due to interest and speculation. Crypto staking and leverage are debated, depending on how they’re structured.

• Choose a Trusted Exchange
  Select one of these exchange:

  Binance

  Bitget

  OKX​

  Register Your Account
  Visit the exchange’s website or download their app. Enter your email address, create a strong password, and complete any required CAPTCHA verification.

  Verify Your Identity (KYC Process)
  To follow regulations, you’ll need to submit:

  A government-issued ID (CNIC or passport)

  A selfie for face verification

  Proof of address (like: utility bill) This process helps prevent fraud and ensures safe to anti-money laundering standards.

  Deposit Funds into Your Account
  Once verified, you can fund your account using:

  Bank transfers

  Easypaisa

  JazzCash

  Credit or debit cards Note: Processing times may vary depending on the method selecting.

  Start Trading
  With funds in your account, you can begin buying, selling, or trading crypto coins, tokens BTC , ETH etc. Ensure you’re aware of the platform fee and supported crypto.