Swap-Free
Forex trading is important for clients of the Islamic faith (Islamic forex Account) as interest is not charged on Forex positions left open over night.
Swap is the
interest charged based on the interest rates of the currencies of
the pair being traded. The contracts for difference (spot) markets charge swaps
at the end of each trading day as there is no delivery of currency.
At
Yadix, we offer clients swap-free trading accounts with excellent trading
conditions. Swap-Free accounts are exactly the same as our usual account types
without any additional charges, increases in spreads or differences in
leverages.
Swap-Free
Benefits:
- Interest on overnight positions
- No Leverage reductions
- Spreads are NOT increased
- No additional commission charges
- No trading limitations
- No order intervention
With Islamic
forex trading accounts, no roll-over interest will be charged or incurred to
positions held overnight, as in compliance with the Islamic Shariah Law.
Check
out benefits of trading Swap-Free with Yadix: http://www.yadix.com/trading-account/islamic-account/
