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A swap-free Broker Needed

wamiikechukwu (Wamski)
Oct 04 2017 at 07:21
31 postów
i was wondering if any one can recommend a swap free brokers for a non muslims.....if sending a link will violate fxbook rules then you can send it as a private message (am sure thats not against any rule)



my present broker is milking me dry with there swap (crying) since am a swing trader, please i will really appreciate your effort thanks


Tomorrow is far away but yesterday is so close.
Tiffany (TiffanyK)
Oct 05 2017 at 14:29
427 postów
I have seen only Swap-free accounts for muslims - Islamic Forex accounts ... are you sure that swap-free account for non muslims exist at all?

Accept the loss as experience
wamiikechukwu (Wamski)
Oct 06 2017 at 09:46
31 postów
Thanks for your response but i just found one.😉

Tomorrow is far away but yesterday is so close.
Baldo (BaldoN)
Oct 11 2017 at 15:03
522 postów
Just have in mind, that the brokers will force you to close all positions once you hold the positions for more then few days and especially in pairs having high swap income :)

Ozzie Matt (aeronthomas)
Oct 12 2017 at 01:08
1557 postów
Wamski posted:
Thanks for your response but i just found one.😉
which one? please PM me:)

Tiffany (TiffanyK)
Oct 12 2017 at 06:26
427 postów
Wamski posted:
Thanks for your response but i just found one.😉


Alright. So now I know those type of accounts exist. Thank you 😀

Accept the loss as experience
wamiikechukwu (Wamski)
Oct 13 2017 at 09:00
31 postów
BaldoN posted:
Just have in mind, that the brokers will force you to close all positions once you hold the positions for more then few days and especially in pairs having high swap income :)


i contacted my broker and they gave me the assurance that they do not do stuffs like that.

Tomorrow is far away but yesterday is so close.
AniLorak
Oct 13 2017 at 09:30
920 postów
BaldoN posted:
Just have in mind, that the brokers will force you to close all positions once you hold the positions for more then few days and especially in pairs having high swap income :)


Maybe, market maker brokers do so!

mlawson71
Oct 13 2017 at 14:01
1487 postów
Like Tiffany, as far as I know, if you want to have a swap-free account you’d need an Islamic account.
That said, keep in mind that although you don’t pay for a swap with Islamic accounts brokers have other ways for making money off them. While no interest is paid on overnight positions traders are usually bound with additional account fees.


Mario (SwingFish)
Oct 14 2017 at 02:44
27 postów
Wamski posted:
i was wondering if any one can recommend a swap free brokers for a non muslims.....if sending a link will violate fxbook rules then you can send it as a private message (am sure thats not against any rule)

that is like asking 'which bank does not charge interest' ;)
even the 'swap free' accounts offered to muslims are not swap-free .. they just build the cost of swap into your spreads, commissions or get it in some other ways.

just pick a broker that is reasonable on swap charges.

Professional Canned-Tuna Eater
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