Why is trading halal with Octa?
Muslim traders usually require special trading conditions to align their experience with the religious demands of Islam. In response to these demands, we have designed our trading platform to be halal by adhering to the three key principles of Sharia-compliant trading: no riba, no maysir, and no gharar.
No riba
(interest)
All our accounts are swap-free, so you do not pay or receive any interest. Moreover, you do not pay any fees or commissions, only actual market-driven spreads starting from 0.6 pips.
No maysir
(gambling)
We do not offer any games of chance: you always trade on real markets with actual prices. With some effort, you can learn to better predict their behaviour and build your skills for better financial outcomes. On our part, we offer a free educational database to help you grow.
No gharar
(excessive risk)
While trading is inherently risky, we help you avoid excessive risk. To protect you from market volatility, we offer negative balance protection so you won't be able to get into debt. Moreover, we allow you to set any leverage rate from 1:1000 to 1:1 to control your risk exposure.
Widely acclaimed for our Islamic trading tools
We introduced our first Islamic trading accounts for Muslim traders back in 2015 and have since received several prestigious industry awards for our halal trading features.
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Best No Swap Fees Broker 2024
FX EMPIRE
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Best Islamic FX Account 2020
WORLD FINANCE
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Best Islamic Account Forex Broker 2015
FOREXTRADERS.COM
Today, we are proud to be a renowned global broker trusted across the Muslim world.