Interest free forex brokers list. Part 4. Islamic friendly forex broker - avatrade. What is an Islamic forex account? An Islamic Forex Account is an interest-free account that supports the rulings of Islamic Sharia. In a regular forex trading account, there are certain situations where interest charges may be charged, for example, with London Capital Group.

Interest free forex brokers list

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Interest free forex brokers list. Broker, Type, Swap free account, Minimum Deposit, Max leverage, Minimal Lot, Lowest spreads EURUSD, Hedge, Special conditions, Segregated Account. XM(Visit), STP+DMA, Islamic account. $5, , , >1, yes, No interest/swap, no up-front commissions, no time constraints, no spread widening. yes.

Interest free forex brokers list


This is important to many traders because it is closer to trading in the interbank market than what Market Makers can offer. ECN brokers offer deeper liquidity, more transparency, often though not always lower transaction costs, and perhaps most importantly, no manipulation of prices or execution, as there is no monetary incentive to do so. Please read through the reviews in their entirety and contact the brokers themselves to ensure all information is satisfactory to you before opening a live trading account.

Swap also known as rollover interest, or overnight interest is interest that a trader either receives or pays for positions that are held overnight, and are based on the interest differential between the currencies that their position involves.

Swap-free accounts are intended mainly for Islamic traders who wish to comply with Sharia law, which prohibits any type of interest payments.

These accounts can also be useful to non-Islamic traders who simply wish to do away with the uncertainty in overnight interest, who plan on taking a longer term negative swap position, or other reasons. Some brokers who offer these types of accounts charge certain fees instead of actual interest, so that traders wouldn't abuse the privilege.

On the other hand, some brokers do not charge any extra fees but most do monitor such accounts for abuse. Listed below are some brokers that offer such swap-free, Islamic forex accounts. Each listing also describes any such extra fees that the broker may charge, so please read through the reviews in detail before opening a real account. There are numerous reports on the internet about Alpari spontaneously returning customers' money on orders that didn't get filled properly as a result of some error on Alpari's part.

This is almost unheard of in the retail forex world, as most traders have to fight tooth-and-nail with their brokers for every pip. If this is the sort of service you value, and you should, then look no further than Alpari. New Zealand Guaranteed stop losses: Trade can be held for unlimited time period.

IBFX is widely regarded as one of the premier brokers in the retail forex market, and there is a reason for this reputation. Guaranteed fills on stop and limit orders, combined with very low spreads, straight-through order processing no dealing desk to multiple liquidity providers, industry-standard MetaTrader 4 MT4 trading platform.

Utah, USA Guaranteed stop losses: Orders are executed at best available price. Straight-through to multiple liquidity providers. No, orders are executed at best available price. Hantec Markets offers professional traders a very solid forex trading package, along with all the advantages and disadvantages that the MT4 and Currenex platforms come with. The great thing is that you get access to a real ECN and can trade to something very similar to the interbank market although not in the interbank market itself.

London, UK Guaranteed stop losses: No, all orders are executed at best available price Swap-free accounts: By far the best feature offered by AFB FX is the availability of Professional Accounts, which offer highly flexible trading conditions.

The spreads, margin requirements and virtually all other parameters are negotiable on Professional Accounts, making them the preferred choice among account managers. Having said that though, most of the other accounts also offer trading conditions that are quite reasonable.

Cyprus Guaranteed stop losses: Yes, limit and stop orders are guaranteed against slippage, except under market conditions Swap-free accounts: Guaranteed fills on stop and limit orders, combined with very low spreads, straight-through order processing no dealing desk to multiple liquidity providers, industry-standard MetaTrader 4 MT4 trading platform Location: Start Live Help Chat.

Oil Trading Forex Brokers. Guaranteed fills on stop and limit orders, combined with very low spreads, straight-through order processing no dealing desk to multiple liquidity providers, industry-standard MetaTrader 4 MT4 trading platform Location:.

Yes - no extra fees are incurred on Islamic style accounts. Yes, limit and stop orders are guaranteed against slippage, except under market conditions. Yes - no extra charges and available to everyone, not just Islamic traders.


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