Features of the Otet No Swap Account
| نوع حساب | No Swap |
|---|---|
Minimum Deposit
|
0 |
Margin Call
|
80% |
Leverage
|
1: 20 ~ 1000 |
Spread
|
From 0.5 pip |
Commission
|
0 |
Swap
|
Non |
Stop Out
|
50% |
Benefits of the Otet No Swap Account
From Forex to Stocks – Trade freely with no hidden fees.
No Overnight Swap Fees
Your trades are swap-free for the first 30 days
Ideal for Long-Term Positions
Perfect for traders who prefer holding long-term trades without overnight charges
Competitive Spreads
Spreads starting from 0.4 pips for lower trading costs
Flexible Trading Strategies
Fully supports strategies such as scalping, algorithmic trading, and long-term investing
Access to a Wide Range of Assets
Trade Forex, precious metals, indices, stocks, cryptocurrencies, and ETFs
Complete Transparency
No hidden fees or unexpected charges — all costs are clearly disclosed before you trade
Important Notes about the No Swap Account
- 30-Day Limit: If a trade remains open for more than 30 days, swap fees will be applied retroactively for all 31 days
- No Account Type Change After Opening: Once a No Swap account is opened, it cannot be converted into other account types. Please define your trading strategy before choosing your account type
- KYC Verification Required: Identity verification (KYC) must be completed in your client portal before starting to trade
Register with Otet
Visit our website through the link below and complete the registration form
Identity Verification (KYC)
Upload your identification documents and wait for account approval
Deposit a Minimum of $25
Fund your trading account to get started
Start Trading
Begin professional trading with your Otet Islamic No Swap Account — without overnight fees
Frequently Asked Questions – Otet No Swap Account
We’ve answered the most common questions about the No Swap Account. For more details, you can check the FAQs or contact our 24/7 support team.
FAQsNo. The account is swap-free for the first 30 days. After this period, if a trade remains open beyond 30 days, swap fees will be applied retroactively for all 31 days.
No. Once opened, a No Swap account cannot be converted to another account type. Please define your trading strategy before choosing.
You can trade Forex, precious metals, indices, stocks, cryptocurrencies, and ETFs.
Yes. This Islamic account is a great choice for traders who do not want to pay swap fees. However, note that after 30 days, swap charges will apply for the entire duration of the trade.
Yes. You can use scalping, algorithmic trading, hedging, and long-term strategies with the No Swap account.
Stay Ahead with Otet Blog
Read the latest articles, analysis, and beginner-to-pro tutorials on Otet Blog.
Top Benefits of an Islamic Forex Account for Muslim Traders
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Secure Trading with Otet
Your funds are safe with Otet. Licensed under FinCEN with international standards, we ensure client trust and security.
Awarded as the Best Trading Platform
Global Banking & Finance Awards
Awarded as the Best Broker
(ECN/STP ACCOUNT)
Awarded as the Fastest Broker
In Progress
Certificate of Excellence for Top Brokerage
(FOREX AWARDS)
Official member of economic operators
BLOOMBERG's LEI
Regulated under FinCEN oversight
Ensuring Security and Financial Transparency
Ranked among the top brokerages
(MY FX BOOK)
More than 20 ways to deposit funds
