How does usury appear in spot trading, and what practices can be considered usurious:
### 1. **Margin Interest**
- In spot trading, leverage may be used, which means you are borrowing money from the broker to increase the size of your trade. If the broker charges interest on this loan, this interest is considered usury.
### 2. **Swap Fee**
- When you hold a trade open for longer than the trading day, you may be charged a fee known as a “rollover fee” or “swap fee.” If this fee includes interest, it is considered usury.
### 3. **Futures and Derivatives**
- In some cases, futures or derivatives may include terms that expose them to usurious risks. For example, if the contracts require the payment of interest or usurious fees, they are considered illegitimate.
### 4. **Investment in prohibited assets**
- If you are trading in assets that are considered haram (such as shares in companies that deal in alcohol or gambling), the resulting profits may be tainted with usury, even if there is no direct interest.
### 5. **Excessive speculation**
- If trading strategies rely on excessive speculation or gambling, this may also lead to illegal practices, even if there is no direct usury.
### a summary
To avoid falling into usury in spot trading, you must ensure that all transactions are interest-free and rely on trading strategies that are in line with Islamic law. It is preferable to consult religious scholars or Islamic finance specialists for accurate guidance.