OctaFX Islamic Account Reviewed ☑️ (Updated 2023) (2024)

🎓 Free Trading Course

⚡Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

OctaFX offers Islamic swap-free trading on 2 trading account levels. OctaFX MT5 Swap-free and OctaFX MT4 Swap-free. OctaFX offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.

OctaFX Islamic Account – 8 Key Point Quick Overview

1. ☑️ OctaFX Overview
2. ☑️ OctaFX Safety and Security
3. ☑️ OctaFX Islamic Account
4. ☑️ How to open an OctaFX account – Step by Step Guide
5. OctaFX Customer Reviews
6. OctaFX Pros and Cons
7. Conclusion
8. Frequently Asked Questions

OctaFX Overview

OctaFX offers Forex ECN Trading, as well asCFD tradingon Indices, Metals, and Cryptocurrencies across both the MT4 and MT5trading platforms.OctaFXoffers a wide range of trading accounts and access tocopy trading, bonus promotions, plus a wide range of research tools.

OctaFX Safety and Security

OctaFX acts in full compliance with international legislation and regulation standards and guaranteesfund securityandnegative balance protection to their clients. OctaFX makes use of segregated accounts to protect their clients’ funds coupled with negative balance protection.

OctaFX Islamic Account

OctaFX offers Islamic swap-free trading on 2 trading account levels. OctaFX MT5 Swap-free and OctaFX MT4 Swap-free. OctaFX offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.

How to open an OctaFX account – Step by Step Guide

1.Step 1:Press theOpen AccountButton.

The Open Account button is located at the top right of the OctaFX webpage. A registration form can also be found via the signup page link.

2.Step 2:Complete Details.

After pressing theOpen Accountbutton, a registration form will appear. Complete the required information and press the Open Account button located below the form.

3.Step 3:Email Account Verification.

After all the required details have been completed and submitted, a confirmation email will be sent to the applicant’s account. After locating and opening the email – pressConfirm.

4.Step 4: Complete Personal Details.

Once the applicant’s email has been confirmed, they will be directed to theOctaFXwebsite to fill in their personal details. The information provided by the applicant must be accurate, relevant, and up-to-date.

5.Step 5:Select a Trading Platform.

The applicant must select between a real ordemo account.

6.Step 6:Complete Account Selection.

After choosing a platform, the applicant will press continue in order to finalize account creation.

OctaFX Customer Reviews

Very Reliable.

OctaFX is a very reliable service provider and offers great trading opportunities to its clients. – Alice

Great Provider.

I started as a novice but with the educational materials offered by OctaFX, I have managed to move on to live Forex trading. Great Provider! – Vijay

Excellent Support.

OctaFX is always ready to assist and its customer service team goes above and beyond. – Rob

OctaFX Pros and Cons

Conclusion

Overall, OctaFX offers Islamic swap-free trading on 2 trading account levels and Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.

You might also like: OctaFX Review

You might also like: OctaFX Sign Up Bonus

You might also like: OctaFX Minimum Deposit

You might also like: OctaFX Account Types

You might also like: OctaFX Demo Account

You might also like: OctaFX Fees, Spreads, and Commission

Frequently Asked Questions

On what trading account levels does OctaFX offer Islamic options?

OctaFX offers Islamic swap-free trading on 2 trading account levels. OctaFX MT5 Swap-free and OctaFX MT4 Swap-free.

Does OctaFX offer extended swap-free status?

Yes, OctaFX offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.

What is the minimum deposit amount required to open an OctaFX Islamic trading account?

The minimum deposit amount required to open an OctaFX Islamic Trading account is $100 USD.

Does the OctaFX Islamic Account accumulate interest rates?

No, as according to Islamic Standards, the OctaFX Islamic Account does not accumulate the collection or payment of interest rates.

Are Muslim traders from the United States allowed to open a trading account with OctaFX?

No, OctaFX does not accept Muslim Traders from the United States.