COMPARE SWAP-FREE (ISLAMIC) FOREX BROKERS
|
FOREX BROKER AND RATING |
SWAP-FREE ACCOUNT |
TRADING INFO |
TECHNOLOGY |
REVIEWS |
|||||||||||
|
OFFICES: CYPRUS REGULATION: FCA UK, CySEC, ASIC
|
CUSTOMER SUPPORT LANGUAGES: English | Arabic | Chinese | Dutch | French | German | Greek | Hindi | Hungarian | Indonesian | Japanese| Korean | Malay | Polish | Portuguese | Russian | Spanish LEVERAGE: 1:30 $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
XM Rebate: |
EXECUTION: Market-Maker TRADING PLATFORMS □ Web Trader □ MetaTrader4 □ MetaTrader5 □ Mobile Traders SCALPING: YES AUTO-TRADING: YES ASSET INDEX: 60+ Currency Pairs |
» XM Web
|
|||||||||||
|
OFFICES: CYPRUS REGULATION: FCA UK, CySEC, MiFID
|
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 |
|
|||||||||||
|
OFFICES: CYPRUS REGULATION: FSA UK and CySEC
|
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 |
|
|||||||||||
|
OFFICES: UNITED KINGDOM REGULATION: FCA UK
|
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 |
|
|||||||||||
|
OFFICES: CYPRUS REGULATION: FCA UK and CySEC
|
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 |
|
|||||||||||
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 are Swap-Free Accounts 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 are Swap Rates 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 on 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.
■ COMPARE RATINGS: » All Ratings | » ECN / STP Brokers | » CFD Brokers | » Asia Brokers
■ COMPARE FUND METHODS: » PayPal Fx Brokers | » Neteller Fx Brokers | » MoneyBookers Fx Brokers
■ COMPARE TRADING FEATURES: » MetaTrader-4 Brokers | » Forex Scalpers | » Social Traders
■ Compare Swap-Free Forex Brokers
ForexValuation.com