What is fix rate in OctaFX?

You can now make deposits to selected trading accounts with a fixed beneficial rate: 1 US dollar for 55 rupees. This option allows you to plan your investments conveniently without concerns about exchange inflation or other currency price fluctuations. We provide the fixed rate only to special accounts.

How do I change currency on OctaFX?

Unfortunately, you cannot change your account currency, but you can always open new trading account in your Personal Area.

Is OctaFX legal in India?

Yes, it is legal to use the OctaFX app for trading.

Is OctaFX swap free?

Swap can be negative or positive. Is a type of account designed for traders of Islamic faith that has fixed fee instead of swap. The fee is not an interest and depends on the direction of the order.

Is OctaFX approved by RBI?

Yes, OctaFX is legal in India. According to the broker’s website, it is fully compliant with international legislation and allowed to operate worldwide.

Is OctaFX safe in India Quora?

Is OctaFX legal? It is illegal to trade on platforms which are not approved by SEBI or RBI. As per RBI guidelines indian citizen are prohibited to trade forex on international platforms which provide forex, bitcoin or CFD trading. Hence it is illegal to trade on octafx.

Which is best Olymp trade or OctaFX?

OctaFX offers multi-asset trading on a range of platforms and mobile solutions. Olymp Trade Offer Fixed time trades over a huge range of markets. OctaFX offers leveraged trading on currencies.

How much is USD to INR conversion?

USD to INR Conversion Table How to Convert USD to INR 1 United States Dollar = 73.2318 Indian Rupee 1 Indian Rupee = 0.01365527 United States Dollar

What were the INR exchange rates from 1947 to 2020?

1 USD to INR Rates From 1947 to 2020 Year Exchange rate (INR per USD) 1947 3.30 1949 4.76 1966 7.50 1975 8.39

Can I switch the fixed Indian rupee rate option to USD?

The fixed Indian rupee rate option is only available for the OctaFX MT4 and OctaFX MT5 accounts where USD is account currency. The fixed Indian rupee rate option cannot be switched on an account that was already deposited into when the fixed Indian rupee rate option wasn’t switched on.

How was 1 INR equal to 1 USD in 1947?

When India became independent in 1947 the situation was very much different. It is believed that 1 INR used to be equal to 1 USD. There are multiple arguments about how 1 Dollar rupees in 1947 had a better value . The most common one is however that there was no metric system so all currencies had the same value.