Hello, traders!
Anyone know brokers with swap-free account? Did use them? What are the best?
Anyone know brokers with swap-free account? Did use them? What are the best?
Swap Free Brokers 4 replies
Are there any US brokers that have no swap accounts? 12 replies
inquiry - best broker for islamic accounts (free swap)? 0 replies
What is this - Swap Free Accounts? 2 replies
DislikedThis raises the question as to why would someone be okay with paying a fee for being muslim, but not be okay with paying the regular fee just because it's called "interest". Just saying.Ignored
DislikedBut is it really so that those brokers who have swap-free accounts have always other commissions?Ignored
DislikedWell if you/he is going to start with $10, you/he might as well just paper trade. There is no need to pay any evil interest when paper-trading.
Btw, you should be aware that those that offer so called "swap-free" accounts charge an extra fee for it. So there is no difference. In fact sometimes you end up paying more. (just in case you are considering faking your religion just to get such an account. It's okay I'm sure we all thought about that at one point, lol)
This raises the question as to why would someone be okay with paying a fee for being...Ignored
DislikedThanks for your answers and recommendations. I appreciate it very much. I've been thinking about those brokers which you gave me. But also I've been searching in internet information about swap-free accounts and comissions on them. It's quite interesting that AccentForex, which is comparatively a young broker,that offers swap-free accounts withougt anu comissions and allows a min. deposit starting from 10$. Anybody worked with Accentforex?Ignored
DislikedHi PeterParker,
Tadawul FX offers Islamic Trading Accounts that are swap free (no Riba) and that don’t have any extra fees or commission. Our Islamic Accounts also don’t have any spread widening, which is often the case with other brokers as a means to ‘compensate’ for not charging any interest or fees.
Just to update you, Tadawul FX was founded in 2006 and was one of the first forex brokers to offer true Islamic accounts, and until this day our Islamic Accounts have some of the best conditions in the industry (if not the best [font=Verdana]J)....Ignored
DislikedSo, as far as I understand Tadawul is not an STP broker? If it is STP broker how can you explain that fact that spreads are not widen while at Interbank forex market they are dynamic?Ignored
DislikedHi PeterParker,
Please note that an STP broker can choose to offer variable or fixed spreads, depending on the policies the particular company decides to adapt. In our case, Tadawul FX adapted the “fixed spread policy.”
[color=black][font=Verdana]In a nutshell, being an STP broker simply means that the company routes clients’ orders to the various liquidity providers the company works with, and makes money on the spread mark up. As a result, generally speaking...Ignored
DislikedI understand the matter. But before that You've told me that You don't widen spread. If we consider that spread on Interbank market is dynamic hence we come to conclusion that You've widen it to maximum. This means that even here You're are trying to cheat me. STP broker earns on comissions but not on spread's widening.Ignored
DislikedHi PeterParker,
[size=3][font=Calibri]Please note that Tadawul FX, as do most Forex brokers, works with multiple liquidity providers, and this is the very reason why Tadawul FX is able to offer not only fixed spreads, but also competitive spreads. If one liquidity provider we work with widened its spreads, we go with another provider whose spreads are lower, therefore offering our traders fixed and competitive spreads at all times. It’s really just a matter...Ignored
DislikedHi PeterParker,
[size=3][font=Calibri]Please note that Tadawul FX, as do most Forex brokers, works with multiple liquidity providers, and this is the very reason why Tadawul FX is able to offer not only fixed spreads, but also competitive spreads. If one liquidity provider we work with widened its spreads, we go with another provider whose spreads are lower, therefore offering our traders fixed and competitive spreads at all times. It’s really just a matter of going with the most competitive provider...Ignored
DislikedCurrency pairs EUR/USD on Interbank market has spread from 0.1 to endlessness. You make fixed spread 1 or 2 pips. During news on Interbank market spread rises up to 20 pips. In what way are you going to execute orders? Are you going to work at a loss???And for how long?Or are you working against your clients?And could you be so kind to comment on rewiews about tadawul on Earnforex.
RegardsIgnored
DislikedHi again Peter,
[size=3][font=Calibri]In times of high volatility, unfortunately no bank or broker can guarantee a price. If they can, then I would be really weary because the company is not operating in the real market and offering real trading conditions. A such, if the rate is not available in the market, then Tadawul FX can not offer a rate that does not exist. Instead you will get the next best available rate. Generally speaking, with any broker (whether the broker...Ignored
Disliked
[size=3][font=Calibri]In times of high volatility, unfortunately no bank or broker can guarantee a price. If they can, then I would be really weary because the company is not operating in the real market and offering real trading conditions. A such, if the rate is not available in the market, then Tadawul FX can not offer a rate that does not exist. Instead you will get the next best available rate. Generally speaking, with any broker (whether the broker offers fixed spreads or variable spreads) if you are...Ignored