Trade Crypto on Spot with a Prop Trading Firm Aligned with Your Values

No, you do not need to set a stop loss. The rules for the spot challenge have been adjusted, so setting a stop loss is not required, unlike in the case of futures challenges.

No, it is not required to close your positions overnight. However, when trading a spot challenge, your position cannot remain open for longer than 24 hours. Our goal is to cater to scalpers and day traders, not long-term holders during bullish market conditions.

1. Is the Spot Challenge Halal?

Yes, the spot challenge is designed to align with halal trading principles. Spot trading involves the direct purchase and sale of assets without leveraging or speculative contracts, making it suitable for traders following Islamic guidelines.

2. Are Challenge Fees the Primary Source of Capital?

Yes, challenge fees are the primary source used to provide the capital for funded accounts. There are no speculative elements or additional costs beyond the initial challenge fee.

3. How Are Funded Accounts Structured?

The evaluation phase is conducted on a demo account, ensuring no real money is involved during the challenge. Once funded, you will trade with real funds, and payouts are derived purely from the profits generated by your trading activity.

4. Does Profit Sharing Include Speculative Instruments?

For spot challenges, the profits come exclusively from halal-compliant spot trading. If you opt for a futures challenge, profits could involve speculative derivatives, which may not align with Islamic principles.

5. What Are the “Other Sources” of Funds?

The “other sources” refer to the firm’s operational reserves, which come from fees and commission-based business activities. These sources are structured to remain halal-compliant, particularly for traders who prioritize spot trading.

6. Are Overnight Positions Allowed?

In the spot challenge, positions cannot remain open for longer than 24 hours, ensuring alignment with the firm’s rules targeting scalpers and day traders. This short-term trading focus avoids potential issues tied to prolonged holding in speculative conditions.

7. Are There Any Riba (Interest) Elements?

No, the spot challenge structure avoids any involvement with interest (riba). There are no leveraged trades or loans, which ensures compliance with Islamic financial principles.

8. Can I Focus Solely on Spot Trading?

Absolutely. If you select a spot challenge, your trading activity will focus solely on spot trading, avoiding any speculative derivatives or leverage.

9. How Is Profit Sharing Structured?

Profit sharing begins at 70% for the trader and can scale up to 90% based on performance. These profits are derived solely from your successful trading activity.

10. Are the Payouts Halal?

Yes, payouts are derived from the profits of your halal-compliant trading activity and are paid directly to you in USDT or other approved forms.

The goal of the pre-sale is to test whether traders are interested in the Spot Trading Challenge. We have partially developed the Spot Trading Challenge. If there is sufficient interest from traders, we will launch Spot Trading. If there is insufficient interest, we will not proceed with the product and will refund the fees to the traders.

Traders are allowed to trade only 76 handpicked tokens. All these tokens have Halal Token Certification.
Learn more here.

Yes, the Spot Trading Challenge adheres to Islamic values. Trade confidently with no interest involved, fully compliant with ethical and Islamic financial principles.

No, the fee for the spot trading challenge is not refundable. In alignment with Islamic financial principles, the fee is considered a service charge (ujrah) for accessing the challenge, evaluating trading skills, and the associated administrative processes. Since the fee is a compensation for the service provided, it is not contingent on the outcome of the evaluation, thereby maintaining compliance with the principles of fairness and avoiding elements of uncertainty (gharar) in financial dealings.