Opinion on Quantfury

Salam Aleykum,

I’m new to the investment scene and I would like to have opinions on Quantfury as a platform to use for future investments. It’s often the platform recommended by the French “finances gurus” because of the ‘no fees’ policy.

(I’m currently based in London)

Regards,
Kanwal

As-salamu Alaykum,

I’m from London and I use Trading212 and AJBell.

They’re very good at what they do.

As you’re new, maybe look into Wahed.

Once you’re comfortable, AJBell.

Once you want some DIY stuff, Trading212.

You need to remember is that many (most) traders will loose money through active allocations and participation.

Either that or they’ll fail against roboadvisers and algotrading.

Funds are great, Wahed is very good and AJBell has access to islamic Index funds and SUKUK

Trading212 has access to Islamic ETFs which are good as well.

Remember to also purify as you go.

Jazakhalla khairan,
Maheen

If by “future investments” you mean futures trading, the majority of scholars are of the view that it is not permissible. For a deep dive on the topic, check out the PDF below.