ionone wrote: Wed Jul 17, 2024 10:40 pm I want to know if we still have to pay something on the long term or if it's just one time fee per order

• AUDUSD $2 (US per lot)
• EURUSD $3 (US per lot)
• GBPUSD $2 (US per lot)
• USDCAD $7 (US per lot)
• USDCHF $3 (US per lot)
• USDJPY $9 (US per lot)

ChuChu Rocket wrote: Thu Jul 18, 2024 12:02 am You'll pay an overnight holding fee using a swap-free account
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Standard swap-free will have no swap applied for orders open overnight for these instrument groups:

Most cryptocurrencies (excludes BTC crosses: BTCXAU, BTCXAG, BTCTHB, BTCAUD, BTCCNH, BTCZAR, BTCJPY)

ionone wrote: Wed Jul 17, 2024 10:40 pm Hi

Im interested in swap free accounts, because i've noticed that if you let orders opened during a long time, fees can bee through the roof

hence i'm currently interested in swap free accounts.

but what is the costs exactly ? is it just a bigger spread ? or a bigger commission ?

I want to know if we still have to pay something on the long term or if it's just one time fee per order

thanks

Jeff

Swap free accounts do not receive or pay any interest/swap charges on overnight positions. There is a small financing fee for certain Instruments.
There are no additional fees for major and minor FX pairs.

The XM forex Islamic accounts differ greatly from those generally offered by other forex brokers. The difference lies in the fact that unlike most forex companies who substitute additional fees by widening the spread on Islamic accounts, XM imposes no additional charges.

In order to abide by the religious law of Islam, traders of Islamic faith are forbidden to pay interest. However, if the interest charge is transferred to a different type of fee, it is basically still a charge that covers the interest. This is also known by the name of swap-free in disguise. XM is firmly against such practices as it opposes fair and ethical trading conditions.

chris006 wrote: Thu Jul 18, 2024 1:29 am On FxPro, the expanded symbols (Futures) have no swap charge, they do however have expiry date that ranges from 1 to 3 months. So instead of trading Gold for example and be charged swap, you can trade its future equivalent. The spread is only very slightly higher (in relation to the "normal" symbol - 4 instead of average of 3), no other charges apply. I would say however that FxPro spreads are on the high side - well you can't have everything.

I would love to see other brokers equivalent symbols with no swap charged (these have to be futures I guess) if anybody can share.

Islamic Forex Trading
AvaTrade has introduced its Islamic trading account, fully in line with Islamic rules. Customers with an Islamic trading account will not be charged daily swaps. The swap fees are fully transferred within the into daily administration fees on all products. Come experience a transparent Forex trading environment with AvaTrade and trade on a wide range of currency pairs such as , as well as indices, bonds, ETFs, stocks or commodities. We offer our clients a solid, secure product, which respects their principles and follows the rules of Islam.

Note! AvaTrade is not a legislative institution; therefore do not take this Islamic Account definition as permission to trade. Please verify all trading is in accordance with your beliefs.

*MT4 is not available on Islamic accounts, to trade cryptocurrencies clients must give up their ‘Islamic account’ privileges and be subject to special fees or interest.
*Certain FX instruments (ZAR, TRY, RUB, MXN pairs) are not available on Islamic accounts, to trade these pairs, clients must give up their ‘Islamic account’ privileges and be subject to fees or interest
*Islamic accounts are subjected to an increase spread on FX pairs