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198. OctaFX ISLAMIC / Swap Free Account | A-Z | Forex BD.

Min. Deposit: 5US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: CySEC #372/18, SVGFSA #19776
Year Founded : 2011
Cryptocurrencies: (25+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Bank Deposit, VISA, awepay, Bitcoin, FasaPay, Local Bank Deposits, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay,  USDT

In today’s world, there is an increasing demand for trading accounts that are in compliance with Islamic principles. The OctaFX Islamic account is one such account that caters to the needs of Muslim traders. This account is designed to adhere to Islamic Sharia law, which prohibits the earning of interest (Riba) and the involvement in any haram (prohibited) activities. In this article, we will explore everything you need to know about the OctaFX Islamic account.

What is OctaFX Islamic Account?

The OctaFX Islamic account is a trading account that is designed to cater to the needs of Muslim traders who want to participate in online trading activities while adhering to the principles of Islamic finance. This account is in compliance with Islamic Sharia law, which prohibits the earning of interest (Riba) and the involvement in any haram (prohibited) activities.

How does OctaFX Islamic Account work?

The OctaFX Islamic account works on the principles of Islamic finance, which prohibits the earning of interest (Riba) and the involvement in any haram (prohibited) activities. In order to comply with these principles, the account operates on a swap-free basis. This means that any positions that are held overnight will not incur any rollover interest charges. Instead, a fixed administration fee is charged on positions that are held open for more than three days.

Features of OctaFX Islamic Account

The OctaFX Islamic account has a number of features that make it an attractive option for Muslim traders. Some of the key features of this account include:

1. Swap-free trading

The OctaFX Islamic account operates on a swap-free basis, which means that traders are not charged any rollover interest on positions that are held overnight. This is in compliance with the principles of Islamic finance, which prohibit the earning of interest (Riba).

2. No hidden fees

The OctaFX Islamic account has no hidden fees, ensuring complete transparency in trading. The only fee charged on this account is a fixed administration fee on positions that are held open for more than three days.

3. No restrictions on trading activities

Traders using the OctaFX Islamic account have access to all the trading instruments and tools offered by the broker, without any restrictions on trading activities.

4. Personal account manager

OctaFX provides each Islamic account holder with a personal account manager who is available to assist with any queries or concerns.

5. Mobile trading

The OctaFX Islamic account can be accessed via mobile devices, making it easy for traders to manage their positions on-the-go.

How to Open an OctaFX Islamic Account?

Opening an OctaFX Islamic account is a straightforward process. Traders need to follow the steps below:

  1. Register for an account on the OctaFX website.
  2. Verify their account by submitting the required documents.
  3. Fund their account with the minimum deposit amount.
  4. Apply for the Islamic account by contacting the OctaFX customer support team.

Conclusion

The OctaFX Islamic account is an attractive option for Muslim traders who want to participate in online trading activities while adhering to the principles of Islamic finance. This account operates on a swap-free basis and has no hidden fees, making it a transparent and cost-effective option for traders. Additionally, the account comes with a personal account manager and can be accessed via mobile devices. If you’re a Muslim trader looking for an account that is in compliance with Islamic principles, the OctaFX Islamic account could be the right choice for you.

FAQs

  1. Is the OctaFX Islamic account available to all traders?

Yes, the OctaFX Islamic account is available to all traders who want to participate in online trading activities while adhering to the principles of Islamic finance.

  1. What is the minimum deposit required to open an OctaFX Islamic account?

The minimum deposit required to open an OctaFX Islamic account is $5.

  1. Is the OctaFX Islamic account available for all trading instruments?

Yes, the OctaFX Islamic account is available for all trading instruments offered by the broker.

  1. Are there any restrictions on the number of positions that can be opened on the OctaFX Islamic account?

No, there are no restrictions on the number of positions that can be opened on the OctaFX Islamic account.

  1. Can non-Muslim traders open an OctaFX Islamic account?

Yes, non-Muslim traders can also open an OctaFX Islamic account if they prefer to trade on a swap-free basis.

Min. Deposit: 5US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: CySEC #372/18, SVGFSA #19776
Year Founded : 2011
Cryptocurrencies: (25+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Bank Deposit, VISA, awepay, Bitcoin, FasaPay, Local Bank Deposits, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay,  USDT
Top 10 Forex Brokers List
5/5
Min. Deposit: 5US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: CySEC #372/18, SVGFSA #19776
Year Founded : 2011
Cryptocurrencies: (25+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Bank Deposit, VISA, awepay, Bitcoin, FasaPay, Local Bank Deposits, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay,  USDT

Name

Details

Rating

Max. Leverage: 1:100 | 1:2000 | Unlimited
Trading Platforms: MT4, MT5, Web Trader

Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
Founded: 2008
Founders: Petr Valov, Igor Lychagov
Year Founded : 2008
Deposit Methods: VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto (MORE)

Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation:  CySEC #278/15,  Labuan FSA #MB/18/0028,  FSA-S #SD 008,  FSCA #FSP 49464,  FCA #717270
Year Founded : 2010
Cryptocurrencies: ✅ Yes
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation:  CySEC #183/12,  FSC Mauritius #C110008214 ,  SVGFSA #22747 IBC 2015,  FSA S #SD015,  FSCA #46632,  DFSA #F004885,  FCA #801701
Year Founded : 2010
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT (MORE)
Min. Deposit: 10US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: CySEC
Year Founded : 2009
Cryptocurrencies: ✅ Yes (30+)
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, M-Pesa, Mobile Money, Monero, PerfectMoney, Ripple, WebMoney
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation: ASIC #443670, FSC #000261/309, CySEC #120/10, DFSA #F003484
Year Founded : 2009
Cryptocurrencies: ✅ Yes (50+)
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Min. Deposit: 5US$
Max. Leverage: 1:30 | 1:3000
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: ASIC #426359, FSC #IFSC/60/230/TS/18, CySEC #331/17, FSCA #50885
Year Founded : 2009
Cryptocurrencies: ✅ Yes (30+)
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, Mobile Money, PerfectMoney, WebMoney, USDT
 
 

Leverage: 1:20 | 1:500
Regulation:  CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

 
 

Leverage: 1:20 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 100 US$
Min. Withdraw : 100 US$
HQ: Cyprus, the UK, Australia, and the United States.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

 
 

Leverage: 1:20 | 1:500
Regulation:  CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation:  CySEC #278/15,  Labuan FSA #MB/18/0028,  FSA-S #SD 008,  FSCA #FSP 49464,  FCA #717270
Year Founded : 2010
Cryptocurrencies: ✅ Yes
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
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Forex trading is a popular financial activity that involves buying and selling currencies to profit from the fluctuations in exchange rates. As with any financial activity, it is essential to choose a reputable and regulated broker to ensure the safety of your funds and a fair trading environment. In this article, we will discuss some of the top regulated forex broker houses.

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Online forex trading payment methods refer to the various payment options available for forex traders to deposit or withdraw funds from their trading accounts. In the world of forex trading, payment methods play a vital role in facilitating smooth transactions, and it is important to choose a secure and reliable payment method that suits your needs.

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