Changes to Fixed Terms of Swap-Free Accounts with OctaFX

Extremely important notice for holders of a swap-free account with OctaFX.

In relation to the changes in the costs inherent to the swaps, the OctaFX company will make changes to the policies relating to fixed commissions and the new updated costs will come into force starting from 23 August, consequently, each trader will have to make changes to their trading strategies if deemed necessary and receive detailed information by visiting the official website.

Go to OctaFX’s Official Website

Swap-free accounts with OctaFX

Swap-free accounts are mainly used by Muslim traders who do not have the possibility of being able to trade long-term for religious reasons, this is due to the fact that swap commissions are prohibited by the Shariah which consequently determines the use of some trading platforms.

The hugely influential online magazine World Finance with more than 23 years of experience has elected OctaFX Islamic account as the best Islamic foreign exchange account of 2020.

The OctaFX Islamic FX account has been designed with attention to the smallest details in order to allow Muslims to trade and the services offered are constantly updated in respect of the Muslim faith of the traders, who will have the possibility to calculate each fixed commission for each specific order chosen, using the renowned trading platforms MT4 (Metatrader4), MT5 (Metatrader5) and cTrader.

Open OctaFX’s Swap-Free Account

Account types with OctaFX

In addition to the Islamic account, OctaFX offers its customers two types of accounts, OctaFX MT5 for more experienced traders and OctaFX MT4 recommended for novice clients.

Later you will be able to know in detail the main features of both accounts so that you can choose the one that best suits your trading needs.

Condition of OctaFX MT4 (MetaTrader4)

Main features of the OctaFX MT4 account.

Spread

Mobile spreads, from 0.6 pips.

Commissions and spread surcharge

No commission or surcharge.

Minimum recommended deposit

100 USD.

Markets

35 currency pairs + gold and silver + 3 energy commodities + 4 indices + 5 cryptocurrencies.

Leverage available

1: 500 for currencies (1: 100 for ZARJPY), 1: 200 for precious metals, 1: 100 for energies, 1:50 for indices, 1:25 for cryptocurrencies.

Min. Position size

0.01 lot.

Maximum position size

200 lots.

Execution

Market execution in less than 0.1 seconds.

Precision

5 digits.

Deposit currencies

USD or EUR.

Call for margin and stop out level

25% / 15%.

Scalping

Available.

Trading robot

Available.

Exchanges

Swap / No swap fees.

Open OctaFX’s MT4 Account

Condition of OctaFX MT5 (MetaTrader5)

Main features of the OctaFX MT5 account.

Spread

Mobile spreads, from 0.6 pips.

Commissions and spread surcharge

No commission or surcharge.

Minimum recommended deposit

100 USD.

Market

35 currency pairs + gold and silver + 3 energy commodities + 10 indices + 5 cryptocurrencies.

Leverage available

1: 500 for currencies (1: 100 for ZARJPY), 1: 200 for precious metals, 1: 100 for energies, 1:50 for indices, 1:25 for cryptocurrencies.

Min. Position size

0.01 lot.

Maximum position size

500 lots.

Execution Type

Market execution in less than 0.1 seconds.

Precision

5 digits.

Deposit currencies

USD or EUR.

Call for margin and stop out level

25% / 15%.

Scalping

Available.

Trading robot

Allowed

Cryptocurrency trading

Available.

For any additional information do not hesitate to contact the support team or visit the official website

Go to OctaFX’s Official Website

Comparison of OctaFX’s trading account types

With OctaFX, you can choose from MT4 and MT5 account types.

For the difference of trading conditions between these 2 account types, see the table below.