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Forex brokers with rollover-free (swap-free) accounts | No swap Forex brokers




Below is the list of Forex brokers who offer Islamic or swap-free accounts with no rollover charges.
Besides Muslim friendly Forex brokers, there are also brokers who offer interest-free accounts to all traders.

Islamic account - can be open for Muslims only.
Any account - can be open for any client.
Standard account - needs further review.


Forex broker Swap free

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Broker discussion area

trader

May 3, 2010

Hello,
I heard that it is possible to trade in the weekend with an Islamic account.
Have you ever heard about the ability to trade over the weekend or
is it just a myth?

Thank you!

BrokerGuru

May 9, 2010

If you kept the trading position open on Friday night, it'll be active over the weekend, so whatever you earn or lose over the weekend, will be available to you when the live trading resumes.
With majority of Forex brokers you're not able to execute any trades or manage existing ones on the weekend, until Sunday 5pm (take into account time zones as well).
It has nothing to do with swap free accounts in particular. All trading accounts have the same access and the same trading hours determined by a broker.

trader

July 5, 2010

broker guru plz find me 1 forex broker who micro lot and swap free accound and as i hold long time position so no any other charges thanx

BrokerGuru

July 8, 2010

Please use our broker search:
http://www.100forexbrokers.com/fx/broker_search.php

and among the matching broker, choose the one that allows holding open positions indefinitely without charges - for that you have to contact each broker.
Unfortunately, I don't have time to perfom such detailed research for everyone. I'm sorry.

trader

August 17, 2010

Thanks a lot for the valuable information you are providing here BrokerGuru!

It seems FXCM doesn't offer Swap-free Micro account. I have opened one a few days ago and funded it. Later, when I requested to set my account to Swap-free I was told only Standard accounts have that feature. Sad, I kinda like Trading Station2 but, I have to pull out my funds now as I cannot trade on a Interest account. BrokerGuru, you might want to reconfirm this information and change the same here.

However, they allow hedging for Micro account. There is option to enable or disable hedging from the account settings.


BrokerGuru

August 18, 2010

That's certainly should be corrected on our swap-free list.
Thank you for your help!

trader

August 20, 2010

LEADER FOREX does not seem to be rollover-free.
http://www.leaderforex.com/trading-accounts/account-choices

BrokerGuru

August 20, 2010

Tou're right that there is no mentioning of swap free accounts on the site, however, in their listing application, they stated that they provide swap-free accounts.. I'll need to double-check with them.

BrokerGuru

August 20, 2010

Confirmed. LEADER FOREX offers swap-free accounts (any account except Supermini).

trader

August 28, 2010

What difference will an EA make on a swap free account if it's the same spreads?Also is it best to trade manually or with EA?Can you close positions on Friday so you don't get charged?Thanks for the help.

BrokerGuru

August 29, 2010

If your EA holds positions open overnight, you'll be paying/earning swaps (triple swap on Wednesdays) on regular accounts, while on a swap-free account you won't.
The swap is calculated each day, so closing a trade on Friday before 5 pm would eliminate only Friday swap.

Whether to trade with an EA on manually depends only on your preferences & level of skills & time you can devote to trading on a daily basis.
A good profitable EA is an excellent way to make money in Forex, but if you don't have one - you can trade manually with same or even better results - all depends on you.

trader

September 14, 2010

BrokerGuru,

Thank you for this excellent site. I am concerned with these free swap brokers as most of them are not regulated. Have you tried putting in like $50,000 - $100,000 into these brokers? Would you mind sharing your experience? Would you please recommend any brokers that you have used and that you think is safe?

Thank you.



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