Octa Awarded ‘Best Islamic-Friendly Broker Indonesia 2024’ by Finance Derivative

Octa’s Approach to Islamic-friendly Trading

The recently received ‘Best Islamic-Friendly Broker Indonesia 2024’ accolade cements Octa’s position as a trusted service provider in the Indonesian e-brokerage sector. Finance Derivative presented the award as part of its annual recognition of excellence in the financial sector. This achievement reinforces Octa’s solid position in Islamic finance within Indonesia’s rapidly expanding financial services landscape.

Octa’s efforts towards creating an Islamic-friendly trading environment encompass Sharia-friendly trading conditions, including:

• no swaps or hidden fees
• transparent and consistent retail trading due to a robust anti-money laundering policy and user verification procedure
• superior client data and funds security due to international licences and segregated accounts.

Charity is one of Islam’s pillars. With that in mind, Octa continuously contributes to social causes by carrying out various charity projects. In 2024, Octa supported the celebration of a sacred Muslim holiday, Eid al-Adha, by joining forces with IDEP Foundation and feeding more than 400 people at Banyubiru village, Jembrana, Bali. Another charity initiative funded by Octa was the 2024 Bali Water Protection Forum, where the broker sponsored onsite workshops, a thematic exhibition, and logistics services for the event.

The Finance Derivative Award

Finance Derivative is a global finance and business analysis magazine whose award program ‘honours companies and their key players who have performed extraordinarily well and who strive for fineness and provide a platform for recognition.’ The award also aims to create awareness about the significance of exceptional service delivery and reward the winners’ performance with the ultimate global recognition.

According to Octa broker, this accolade underscores the company’s commitment to making trading accessible and comfortable for all its clients. For Octa, ensuring their services align with Islamic principles remains a key priority amid an increasingly diverse financial landscape.

Octa’s achievement comes at a time when Islamic finance is experiencing significant growth globally. The ‘Best Islamic-Friendly Broker Indonesia 2024’ award recognises Octa’s efforts in providing a comprehensive suite of Sharia-compliant trading products and services. This recognition validates Octa’s efforts in Indonesia and reinforces its global reputation as a versatile and inclusive broker. As Octa continues to uphold its high service standards and expand its Islamic finance offerings, this award is a testament to the broker’s dedication to excellence and cultural sensitivity in one of Asia’s most dynamic economies.

About Octa

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Forex Broker in Indonesia 2024′ and the ‘Most Reliable Broker Asia 2023’ awards from FX Empire and Global Forex Awards, respectively.