Swap free vs Commission based brokers
Jan 09, 2022 at 15:02
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7 Replies
Member Since Jan 17, 2021
8 posts
Jan 09, 2022 at 15:02
Hello Everyone,
When I chose my brokerage that I am with I was super new and had no real idea what I was looking for in a brokerage. Now I kind of have an idea. I am wondering if there are brokerages that charge a standard commission per lot size and have zero swap fees? There are some currency pairs I have quit trading all together just because the swap is too high if a negative number and if I end up holding the trade for a long length of time it’s going to kill my profit.
I have also found that many brokerages will not deal with Canadian clients. Also need that the broker will allow CAD and CHF accounts.
Any input would be appreciated. Thanks everyone and happy trading to all.
When I chose my brokerage that I am with I was super new and had no real idea what I was looking for in a brokerage. Now I kind of have an idea. I am wondering if there are brokerages that charge a standard commission per lot size and have zero swap fees? There are some currency pairs I have quit trading all together just because the swap is too high if a negative number and if I end up holding the trade for a long length of time it’s going to kill my profit.
I have also found that many brokerages will not deal with Canadian clients. Also need that the broker will allow CAD and CHF accounts.
Any input would be appreciated. Thanks everyone and happy trading to all.
Member Since Mar 16, 2021
477 posts
Jan 10, 2022 at 02:15
Broker is the biggest asset of trading. From which the trader gets many benefits. In fact, it needs to be honest and trustworthy.
Jan 11, 2022 at 20:28
Commissions based brokers are intuitively clear in my opinion, so that's why you can pay attention to these ones. However, not all of them have suitable conditions for traders, nevertheless if you will find such one, you can decided whether the conditions are suitable for you or not. In my opinion, traders should always pay attention to those brokers where conditions are the most suitable for them, otherwise they will never be able to reach success. They will always feel inconvenience and this thing will interfere their plans to become successful. So, here I would definitely choose commission based brokers.
Member Since Jul 23, 2020
869 posts
Jan 11, 2022 at 22:40
Swap-free accounts are Islamic accounts. This is a regular Forex trading account, but there are no fees like interest rates.
Member Since Mar 16, 2021
477 posts
Jan 13, 2022 at 00:40
Multiple liquidity providers of Tier 1 Bank provide good services in this regard. But before investing in any broker, you need to get an idea about the spread, commission, and swap of that broker from their website.
Jan 13, 2022 at 07:39
LyudmilLukanov posted:Yes!
Swap-free accounts are Islamic accounts. This is a regular Forex trading account, but there are no fees like interest rates.
There are either fixed commissions or commissions are included in spreads in a regular forex account.
Member Since Jul 23, 2020
759 posts
Jan 29, 2022 at 21:50
Most brokers charge a fee depending on the lot size of the trade, while some brokers do not, but there is markup in the spread.
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