Swap-Free Forex Brokers

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SWAP-FREE ACCOUNT

TRADING INFO

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REVIEWS

OFFICES: CYPRUS

REGULATION:

FSA UK, CySEC, ASIC, BaFIN, MiFID

A. FUNDS SAFETY 74.1%
B. TRANSACTION COST 58.9%
C. TRADING OPTIONS 100.0%
D. TECHNOLOGY 77.5%
Overall Rating 77.3%

CUSTOMER SUPPORT LANGUAGES:

English | Arabic | Chinese | Dutch | French | German | Greek | Hindi | Hungarian | Indonesian | Japanese| Korean | Malay | Polish | Portuguese | Russian | Spanish

LEVERAGE: 1:800

$50 minimum deposit

FUNDING METHODS:

Credit cards

MoneyBookers

Liberty Reserve

Neteller

Wire Bank Transfer

SEGREGATED ACCOUNTS: YES

SPREADS:

EURUSD: 1.8 pip

GBPUSD: 2.6 pip

USDJPY: 2.0 pip

TRADING COMMISSIONS: NO

BONUS: 40% Credit Bonus and free $30 No-Deposit Bonus

XM Rebate:

» XM Rebate at Forex-Rebates.com

 

EXECUTION:

STP Model

TRADING PLATFORMS

□ Web Trader

□ MirrorTrader

□ MetaTrader4

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

ASSET INDEX:

60+ Currency Pairs

 

» XM Web

 

» XM Full Rating

OFFICES: CYPRUS

REGULATION:

FCA UK, CySEC, MiFID

A. FUNDS SAFETY 63.6%
B. TRANSACTION COST 67.9%
C. TRADING OPTIONS 97.1%
D. TECHNOLOGY 97.5%
Overall Rating 80.3%

CUSTOMER SUPPORT LANGUAGES:

English | Arabic | Chinese | German | Greek | Hindi | Japanese | Korean | Persian | Russian | Spanish

LEVERAGE: 1:1000

$50 Minimum Account Size

FUNDING METHODS:

Credit Cards

Bank Wire

MoneyBookers

Neteller

iDeal

Union Pay

Sofort

TrustPay

SEGREGATED ACCOUNTS: YES

SPREADS:

EURUSD: 1.4 pip

GBPUSD: 2.3 pip

USDJPY: 1.7 pip

TRADING COMMISSIONS: NO

BONUS:

40-100% Credit and Cash Bonus (You may withdraw it)

Rebate Plan:

» HotForex Rebate at Forex-Rebates.com

 

EXECUTION: STP

TRADING PLATFORMS

□ MetaTrader4

□ WebTrader

□ FIX API

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

Free VPS Hosting for all Traders holding $5,000

ASSET INDEX:

43 Currency Pairs

 

» HotForex Web

 

» HotForex Full Rating

OFFICES: CYPRUS

REGULATION:

FSA UK and CySEC

A. FUNDS SAFETY 81.7%
B. TRANSACTION COST 85.7%
C. TRADING OPTIONS 76.9%
D. TECHNOLOGY 75.0%
Overall Rating 80.2%

CUSTOMER SUPPORT LANGUAGES:

English | Arabic | Chinese | Portuguese | Spanish | French | German | Italian | Greek | Turkish

LEVERAGE: 1:300

$100 Minimum Deposit

FUNDING METHODS:

Credit Cards

Bank Wire

MoneyBookers

WebMoney

SEGREGATED CLIENT ACCOUNTS: YES

SPREADS:

EURUSD: 1.0 pip

GBPUSD: 1.5 pip

USDJPY: 1.5 pip

TRADING COMMISSIONS: No

BONUS: 100% Credit Bonus (Used only as extra margin)

 

EXECUTION:

ECN / STP

TRADING PLATFORMS

□ MetaTrader4

□ Sirix WebTrader

□ Mobile Traders

SCALPING: Yes

AUTO-TRADING: Yes

ASSET INDEX:

30+ Currency Pairs

 

» FXCC Web-Site

 

» FXCC Full Rating

OFFICES: CYPRUS

REGULATION:

FCA UK, ASIC, CySEC, MiFID

A. FUNDS SAFETY 81.3%
B. TRANSACTION COST 62.5%
C. TRADING OPTIONS 87.5%
D. TECHNOLOGY 77.5%
Overall Rating 76.9%

CUSTOMER SUPPORT LANGUAGES:

English | Arabic | Chinese | French | German | Hebrew | Italian | Japanese | Korean | Persian | Romanian | Russian | Spanish | Greek

LEVERAGE: 1:500

$500 minimum Deposit

FUNDING METHODS:

Credit Cards

Bank Wire

MoneyBookers

Neteller

SEGREGATED ACCOUNTS: YES

SPREADS:

EURUSD: 1.8 pip

GBPUSD: 2.0 pip

USDJPY: 1.6 pip

TRADING COMMISSIONS: NO

 

BONUS: 60% Credit Bonus (Used only as extra margin)

 

EXECUTION:

ECN / STP

TRADING PLATFORMS

□ MetaTrader4

□ MetaTrader5

□ Sirix WebTrader

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

ASSET INDEX:

80+ Currency Pairs

 

» IronFx Web

 

» IronFx Rating

OFFICES: UNITED KINGDOM

REGULATION:

FCA UK

A. FUNDS SAFETY 89.8%
B. TRANSACTION COST 50.0%
C. TRADING OPTIONS 92.3%
D. TECHNOLOGY 70.0%
Overall Rating 75.4%

CUSTOMER SUPPORT LANGUAGES:

English | Arabic | Chinese | Russian | Hindi | Urdu

LEVERAGE: 1:300

$50 Minimum Account Size

FUNDING METHODS:

Credit Cards

Bank Wire

MoneyBookers

Web-Money

Paypal

SEGREGATED ACCOUNTS: YES

SPREADS:

EURUSD: 1.8 pip

GBPUSD: 2.6 pip

USDJPY: 2.4 pip

TRADING COMMISSIONS: NO

BONUS:

10% Cash Bonus

 

EXECUTION:

STP

TRADING PLATFORMS

□ MetaTrader4

□ Mobile Traders

SCALPING: YES

AUTO-TRADING: YES

ASSET INDEX:

43 Currency Pairs

 

» HYMarkets Web

 

» HYMarkets Rating

 

 

OFFICES: CYPRUS

REGULATION:

FCA UK and CySEC

A. FUNDS SAFETY 86.0%
B. TRANSACTION COST 76.8%
C. TRADING OPTIONS 61.5%
D. TECHNOLOGY 72.5%
Overall Rating 74.4%

CUSTOMER SUPPORT LANGUAGES:

English, Arabic, Spanish, German, Bengali, Russian, Chinese, Urdu, Bulgarian, Greek

LEVERAGE: 1:500

$500 Minimum Deposit

FUNDING METHODS:

Credit Cards

Bank Wire

Neteller

Skrill

WebMoney

SEGREGATED CLIENT ACCOUNTS: YES

SPREADS:

EURUSD: 0.6 pip

GBPUSD: 0.9 pip

USDJPY: 0.9 pip

TRADING COMMISSIONS: $10 / lot

BONUS:

No Bonus

 

EXECUTION:

ECN / STP

TRADING PLATFORMS

□ MetaTrader4

□ WebTrader

□ Mobile Traders

+Free VPS Hosting

SCALPING: YES

AUTO-TRADING: YES

ASSET INDEX: 28 pairs

 

» Orbex Web-Site

 

» Orbex Full Rating

 

 

INFORMATION ABOUT SWAP-FREE FOREX ACCOUNTS

Here are some basic info about swap interest and swap-free accounts.

What are Rollover-Free (Swap-Free) accounts?

A Swap-Free or Forex Islamic account is an account type that does not imply swap or rollover interest on any overnight position.

Why Swap-Free Accounts are Important for Arabs?

Charging interest on overnight position is in general, against the Muslim faith. Therefore, swap-free accounts are offered to by many Forex / CFD brokers.

Why Swap Interest Rates are implied?

The Swap interest is implied due to the difference of overnight interest rates between two economies. Forex currencies are traded in pairs, one pair is purchased and at the same time another pair is sold. Some Forex currencies offer high-interest rates (NZD, AUD, CAD, TRY, etc.) while other Forex currencies offer low-interest rates (EUR, JPY, USD, CHF). When you trade a pair, the difference of interest rate between the two currencies involved may be positive or negative.

(1) If the difference is positive, then a daily net swap amount is credited.

(2) If the difference is negative, then a daily swap amount is debited.

Forex brokers apply the swap interest policy in all their trading accounts in a daily basis, approximately at midnight. Time is in accordance with their time servers.

Note: The swap interest amount is tripled on Wednesdays in order to balance the weekends (Saturday and Sunday) when there is no trading. That ‘triple swap’ policy is applied by most Forex brokers but not by all.

 

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