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Swap free ECN broker

  • #1
  • First Post: May 3, 2011 6:41pm May 3, 2011 6:41pm
hellow everybody,

actually i've made lot of search for ecn trusted broker
with free swap account
unfortunately i failed to find such a trusted remarkable firm
if anybody can help me with it , it would be so appreciated
in fact i found Duakascopy and Mbtrading are pretty good
but no swap free accounts
Learning is a Journey Not a Destination
  • #2
  • May 4, 2011 2:19am May 4, 2011 2:19am
Alpari UK
  • #3
  • May 4, 2011 2:35am May 4, 2011 2:35am
Quoting Heliosdz
Alpari UK
they're not ecn
Learning is a Journey Not a Destination
  • #4
  • May 7, 2011 3:00am May 7, 2011 3:00am
I use fxopen. they have swap free accounts. but my account is not ECN. you can check if they have swap free ECN account
  • #5
  • May 9, 2011 1:38pm May 9, 2011 1:38pm
Fastbrokers.com is offering ECN and Swap free since September!
  • #6
  • May 10, 2011 8:54am May 10, 2011 8:54am
ATC Brokers offers swap-free accounts. I should believe they didn't post this anywhere on their website, but I had a quick chat with their tech guy and he said they do provide swap-free accounts upon request.
  • #7
  • May 10, 2011 9:05am May 10, 2011 9:05am
So how do they collect the carry then. Is it priced into the spread? Or do they offer a free lunch? I.e. long aud/usd on Oanda and short on fxopen for the hedge - collecting riskfree carry. There has to be a catch.
  • #8
  • May 10, 2011 12:01pm May 10, 2011 12:01pm
Quoting shrike
So how do they collect the carry then. Is it priced into the spread? Or do they offer a free lunch? I.e. long aud/usd on Oanda and short on fxopen for the hedge - collecting riskfree carry. There has to be a catch.
If they are offering real Islamic accounts, the swap is still there but is zeroed out using clever accounting as Islamic banks do when they have to deal with Non-Islamic banks.
  • #9
  • Sep 24, 2012 3:35pm Sep 24, 2012 3:35pm
Do anyone have trading experiences with AGM Forex ?

I found their some trading conditions quite ineresting - http://www.agm-forex.com/instruments/agm_trading.php

They offering 'Swap-Free Islamic Account' option in both Normal & ECN type account, variable spread from 0 pips & per lot $5-$6 round trip (open + close) commission in ECN account but hedging isn't allowed.

Though they are regulated by CySEC & also compensate their client up to €20,000 by ICF (Investor Compensation Fund) but is CySEC & ICF is more reliable like FSA(UK) or FSCS ?
  • #10
  • Edited 12:30pm Sep 28, 2012 12:25pm | Edited 12:30pm
Quoting MIH Bobby
Do anyone have trading experiences with AGM Forex ?

I found their some trading conditions quite ineresting - http://www.agm-forex.com/instruments/agm_trading.php

They offering 'Swap-Free Islamic Account' option in both Normal & ECN type account, variable spread from 0 pips (daily avarege 0.5-1.0 pips on major pairs) & per lot $2-$3 or round trip (open + close) $5-$6 commission in ECN account but hedging isn't allowed.

Though they are regulated by CySEC & also compensate their client up to €20,000 by ICF (Investor Compensation...
Do anyone also have trading experiences with FIBO Group Holdings Limited ? They also offer alsmot same trading condition - http://www.fibogroup.eu/forex/conditions.html with comparetively better daily avarege spread on majors but charge per lot $5 (IMO, whice is alternetive of swap) for every open position from wednesday to thursday on 'Swap-Free Islamic Account' & hedging also allowed.

They are also regulated by CySEC & compensate their client up to €20,000 by ICF but the last question still remain same - are CySEC & ICF more reliable like FSA(UK) or FSCS ?
  • #11
  • Oct 1, 2012 7:24am Oct 1, 2012 7:24am
Quoting amir85
... fxopen.
Yes, they offer swap-free ECN accounts.

Their site says that no additional commissions are charged for SWAP-free accounts.
Still can not understand how this can be.
  • #12
  • Oct 1, 2012 10:08am Oct 1, 2012 10:08am
Quoting shrike
... a catch.
I heard swap-free accounts are monitored for abuse. If you have only short AUD/USD positions, then that is probably such instance.
  • #13
  • Last Post: Oct 15, 2012 5:49am Oct 15, 2012 5:49am
Quoting FFStudent
hellow everybody,

actually i've made lot of search for ecn trusted broker
with free swap account
unfortunately i failed to find such a trusted remarkable firm
if anybody can help me with it , it would be so appreciated
in fact i found Duakascopy and Mbtrading are pretty good
but no swap free accounts

As a Muslim, we dont believe in swaps, this is a lot for us, My broker is giving me opportunity to open a swap free account with no issues. I'm an investor and a trader with 9yrs trading experience. Forex-metal is ECN, reliable and having no issues in trading and withdrawing.
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