Who have the access to Swap Free Account?

[Peter Brandley]

Hello guys,

Can anyone tell me what is the purpose of swap free account. Who have access to swap free account? I heard for the first time.

[Enivid]

Almost everyone has access to a swap-free accounts. The primary purpose of such account is to let Islamic traders trader without interest rate on their account to comply with their religious requirements. But many brokers allow non-Muslim traders use such accounts. A lot of brokers offer swap-free accounts.

[Dominator4fx]

Originally Posted by Enivid

Almost everyone has access to a swap-free accounts. The primary purpose of such account is to let Islamic traders trader without interest rate on their account to comply with their religious requirements. But many brokers allow non-Muslim traders use such accounts. A lot of brokers offer swap-free accounts.

Normally the Swap Free accounts are being offered to the Muslim traders who cannot trade in the Forex which have swaps levied.

[JoogleGJ]

Originally Posted by Peter Brandley

Hello guys,

Can anyone tell me what is the purpose of swap free account. Who have access to swap free account? I heard for the first time.

The swap-free account is designed for Islamic traders. Enivid above said is right, now many brokers allow no-Muslim traders to use such accounts. I changed my trading account to swap-free trading account in Profiforex. Personally, I like swap free account, no need to pay for the interests.

[ertgh]

Originally Posted by Peter Brandley

Hello guys,

Can anyone tell me what is the purpose of swap free account. Who have access to swap free account? I heard for the first time.

Traditionally Swap Free or Islamic account were made for Mulims casue they religional and business way doesn't fit in with paying swap for holding position overnight. There is a good description about on this site:

[link removed]