Does anyone has experienced swap free account recently ?
Is there any extra fees or order behavior ?
Which broker is the best for this ?
thanks
I do have a swap free account. Yes, I don’t get charges neither do I receive commission for overnight orders. This is what this account is all about. I don’t know about many other brokers, but I use Profiforex. Here I don’t get extra charges for using a Swap account. Also I enjoy the same benefits such as low spread, bonus and no commission as those who are not using a swap free account. More importantly, this broker did not ask from extra document to confirm whether I am Muslim or not… Lol… Swap free account is free for everyone.
I don’t use a Swap Free account. This is because I sometimes make profit from my trades that remain open till the next day. I think some brokers require documents for opening this type of account. If your broker allows anyone to open a Swap-Free account just like that, then it is a good broker then.
ThinkForex and Exness have swap free accounts. It’s only for Muslim clients.
most brokers don’t like offering swap free accounts
I’m using Alpari on England (alpari.co.uk) and TeraFX on Turkey (terafx.com.tr). Both of them are regulated.
Alpari taking commissions which equal about one week swap fee for each position. TeraFX don’t take any fee but provide only major pairs and XAUUSD as swap free.
Swap free accounts shouldn’t be related to religion. It’s related to trading style. If you’re an intermediate or long term trader and your position stays open more than one week, you should think swap free accounts.
Well, a broker who allows only Muslim clients for swap-free account is not acceptable in Europe. It is called discrimination. Swap-free accounts have to be for everyone who choose it.
Each broker have their own policy. But I think that Europe is not respecting other religion.
I had many issues finding a good swap free account, eventually I am trading at Yadix Broker. They dont have any additional spreads, dont charge any fees and I can also used their bonuses and rebates.
Since 6 months with them, and leaving orders open for up to a month, I never had any issues
There are different conditions under which brokers provide swap-free accounts. Since they understand that all that is free for the clients should be paid by the company. There is the RoboForex swap-free, as far as I remember. It is for everyone, but instead they have the additional commission. JustForex offers as well, but solely for Muslim clients and they do not have any additional commissions.
swap free should not charge any additional cost if trades are left open overnight.
i’d put a question mark around this broker !
swap free is account no swap. but we do not have interest of your money in account. the all other function is the same swap account.