Best Islamic Trading Accounts

Compare the best Islamic trading accounts in Indonesia, including standalone Islamic accounts and others available without swap charges.


4.2 / 5 Octa

Trade without restrictions with OctaFX.com, an international broker headquartered in St. Vincent & The Grenadines. Octa (formerly OctaFX) supports all trading styles and EAs.

  • Likes
  • Trade without restrictions on MetaTrader 4 or 5.
  • Crypto deposit and withdrawal options are available.
  • Negative balance protection.
  • Copy trading platform.
  • Dislikes
  • You cannot buy shares or cryptocurrency (only CFDs).
  • Only supports 2 account base currencies: USD, EUR.
Our take on Octa

Octa is popular with traders seeking high leverage, up to 1:500, on the MetaTrader 4 and 5 platforms. You can make your deposits go further with a bonus, up to 50%. Bonus funds can be withdrawn subject to trading volume requirements.

Octa has a reputation for quick deposits and withdrawals, even though withdrawals are processed manually for added security. Octa charges no fees on deposits and will even cover third-party fees, from time to time.

Live trading sessions, broadcast several times a month, also caught our attention. Webinar attendees also get access to a private Telegram channel. If you are new to trading, this could be an opportunity to learn from professional traders.

Read review ▷

We hope this article has helped narrow your options and we would encourage you to create either a live or a demo account with each of these brokers, to see what they have to offer. If not, here are a few things to look for when searching for a Shariah-compliant broker:

  • No interest on overnight positions (also called swap fees).
  • No time limit placed on positions kept open overnight.
  • No fees charged on positions kept open overnight.
  • No additional charges (e.g. administrative fees).
  • No spread-widening for Islamic accounts.

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Author

About the author

I'm Stéphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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