Are there still brokers with interest-free accounts for non-muslims, which won't close your account if you're using this account as one side of a hedging trade?
yeah, there are.. but most of them don't like you short NZD/JPY or something similar
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I am new in forex trading and would appreciate if elaborate yourself on hedging. Whats the use in they are not charging any interest on your accounts??
Are there still brokers with interest-free accounts for non-muslims, which won't close your account if you're using this account as one side of a hedging trade?
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I think that MGforex provides interest-free account. You could contact them and see
If the broker sees you holding a positon for a long time where had you been paying interst youd be negative they will close your position or start to charge you a overnight "fee". keep in mind any broker not bucketing everything is going to be paying some interest to their LPs when they hedge your position. No broker is going to be happy sitting around losing money.
Your best bet is to open as many interest free account at as many different brokers as possible and hope you fly under the radar.
yes but if you arbitrage they will close down your positions
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In what sense do you mean arbitrage?
do you mean look at another broker feed and for instance see that its a few pips lower on a pair in a strong bull trend and take the trade based off that to have higher probability scalps?
