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Swap Free & Commission.

ForexSeeker (ForexSeeker)
Aug 06 2010 at 03:49
814 posts
Today I found out that Alpari Swap Free account also got charge interest.

No Swap charge but they charge as commission.

So any advance trader know what is the benefit having swap free account ?

I'm confused of commission, why they charge commission ?

Information is Gold when come to organised.
DarkProdigy
Aug 06 2010 at 09:12
45 posts
So it's not really free if they just rename it...(or at least according to how im reading your post.)
...and I'll assume you are referring to Islamic Accounts.

As far as im concerned...they will charge a set commission amount for any position withheld overnight.

It even says so at Alpari: https://www.alpari-forex.com/en/trader/swap_free/

ForexSeeker (ForexSeeker)
Aug 06 2010 at 11:52
814 posts
Ahh.. yes, last time i did read about this article but miss the front part as I only see that if over night weekend only will charge commission.

Now carefully read, it seem that overnight over weekend will incurred TRIPLE commission.

But still no idea which one better; either swap or commission has the same rate.

So is it Swap better ? As sometimes you can get positive swap, but i think commission will forever negative rite?

Information is Gold when come to organised.
DarkProdigy
Aug 11 2010 at 07:42
45 posts
I personally prefer having the swap than the swap-free commission.

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