roll over free brokers (does NOT pay interest) | Forex Factory

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roll over free brokers (does NOT pay interest)

  • #1
  • First Post: Aug 7, 2008 11:46pm Aug 7, 2008 11:46pm
Hi All,

can any of you suggest who in broker land is offering a roll over free service. In other words, a broker that does NOT pay you interest on your positions.

I want to test a new strategy and rollover isnt what I am after.

So far my search has found MIG Investments.

The strategy I wish to foward test does not involve any form of carry trading.

Happy trading to you all!

Serj
  • #2
  • Aug 8, 2008 12:16am Aug 8, 2008 12:16am
fxdd
  • #3
  • Aug 9, 2008 7:40am Aug 9, 2008 7:40am
Crown is also rollover free.
  • #4
  • Aug 9, 2008 10:21am Aug 9, 2008 10:21am
To my knowledge there is Alpari, FXOpen, FXCast, TadawulFX, MGForex, and GCI. Not sure of the others. Be careful as some brokers may charge a fee for swap free which is considered the same as riba (charging interest) and are to be avoided if you are a Muslim.
  • #5
  • Aug 9, 2008 10:25am Aug 9, 2008 10:25am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting oakmonster
To my knowledge there is Alpari, FXOpen, FXCast, TadawulFX, MGForex, and GCI. Not sure of the others. Be careful as some brokers may charge a fee for swap free which is considered the same as riba (charging interest) and are to be avoided if you are a Muslim.
There IS swap on alpari
  • #6
  • Aug 10, 2008 5:19am Aug 10, 2008 5:19am
Quoting onu
There IS swap on alpari
I was told they have a swap free option. Maybe I was wrong
  • #7
  • Aug 10, 2008 6:13am Aug 10, 2008 6:13am
With CMS you can get get swap deactivated on demand.
Worked for me.
  • #8
  • Aug 10, 2008 10:09am Aug 10, 2008 10:09am
This ship has sailed, Serj.
  • #9
  • Aug 12, 2008 2:35am Aug 12, 2008 2:35am
Quoting Tjpld
With CMS you can get get swap deactivated on demand.
Worked for me.
No no, they deactivate it but you pay the same 26 usd as a daily comission for gbp/jpy shorts! just another CMS scam.
The market can stay irrational, longer than you can stay solvent.
  • #10
  • Aug 12, 2008 11:20am Aug 12, 2008 11:20am
swap free broker leads to the holy grail.
obviously you can offset a position that receives swap points with one that charges.
juggle the profits/losses between accounts and sit back and collect.
so if there really is one out there w/o restrictions or fees, I'd like to know of it.
  • #11
  • Aug 12, 2008 4:27pm Aug 12, 2008 4:27pm
If you plan on holding a swap negative position for more than 3 days, chances are, the broker will tell you to:
a) "close the position or we will close it for you", or
b) "close it or pay the swap fee", or
c) "close it or we will close your account".

Most people holding swap negative positions are usually people doing the "full hedged carry trade" strategy. Brokers know about this so dont bother unless you trade alot in this swap free broker to keep them happy. Heck even a Muslim trading in a Muslim Broker would be charged corresponding fees if they hold a swap negative position longer than 5 days.
  • #12
  • Aug 30, 2008 5:34am Aug 30, 2008 5:34am
Salam to all muslim trader.
Please put aside the swap issue. Please read thoroughly this thread http://www.forexfactory.com/showthread.php?t=7484

Most bucket shop broker offer no swap & high leverage.
If your money end up in bucketshop broker; your money is not going into the market. If your money REALLY enter the forex market, it is then called TRADE. If your money just playing jumping jacks inside broker hard disk, it is called GAMBLE. Trade is always halal. Gamble is haram.
  • #13
  • Sep 10, 2008 10:49pm Sep 10, 2008 10:49pm
Quoting BurgerKing
If you plan on holding a swap negative position for more than 3 days, chances are, the broker will tell you to:
a) "close the position or we will close it for you", or
b) "close it or pay the swap fee", or
c) "close it or we will close your account".

Most people holding swap negative positions are usually people doing the "full hedged carry trade" strategy. Brokers know about this so dont bother unless you trade alot in this swap free broker to keep them happy. Heck even a Muslim trading in a Muslim Broker would be charged corresponding fees if they hold a swap negative position longer than 5 days.
Exactly...
The market can stay irrational, longer than you can stay solvent.
  • #14
  • Sep 11, 2008 3:27am Sep 11, 2008 3:27am
Quoting bmvmx
Exactly...
Not Exactly. I've held a gbp/jpy short of decent volume for almost one month in my main broker and they haven't charged me anything.
  • #15
  • Sep 12, 2008 3:34pm Sep 12, 2008 3:34pm
would you mind name it?
  • #16
  • Sep 13, 2008 4:00am Sep 13, 2008 4:00am
Quoting vorschlag
would you mind name it?
FXFrench
  • #17
  • Last Post: Sep 13, 2008 4:36am Sep 13, 2008 4:36am
i like that...

Quoting stuby
If your money just playing jumping jacks inside broker hard disk, it is called GAMBLE.
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