What is the ruling on working and trading in eToro by buying and selling stocks?
Investing in the stock market through a broker may be permissible or prohibited, depending on the type of transaction and adherence to controls. It is not permissible to deal with the margin system or leverage traded in Forex, as it includes prohibited contracts such as trading in bonds, shares of prohibited companies, buying and selling currencies without a Sharia-compliant قبض (possession/delivery), and options and futures contracts. It has been shown that the "eToro" platform uses financial leverage (margin), which involves usurious overnight fees, and prohibited Contracts for Difference (CFDs), which are options and futures contracts. Furthermore, dealing with the margin system increases the prohibition.
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