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View Full Version : does Anyone Know a broker who doesn't deal with Swap or Interest?

Aussie
10-31-2008, 08:43 PM
G'day All :)

Can anyone recommend a good broker who does not deal with Interest or Swap?

I'm Muslim and cannot earn or give interest because its against my religion.

If anyone can help me or advice I would really appreiate your help..

Alan, Eagle and Earl I think you guys are doing a Fantastic Job out there Keep it up :cool:

Regards,

Ausssie
alan
11-01-2008, 10:13 AM
One that quickly comes to mind is IBFX (InterbankFX). Some believe that the very notion of a no swap account is a logical fallacy, as it would present an arbitrage scenario
Aussie
11-03-2008, 02:39 PM
Alan how do i contact IBFX?

How would I get started on a real account? Can you help Please :)

Thanks for you help.

Regards,

Aussie
alan
11-05-2008, 01:20 AM
Alan how do i contact IBFX?

How would I get started on a real account? Can you help Please :)

Thanks for you help.

Regards,

Aussie

Sure, just visit their website at:

https://secure.ibfx.com/
Silent0ne
11-10-2008, 01:50 AM
Alan,

I use IBFX and I do pay and earn swap on trades held overnight. Their spreads are pretty tight though...............


Or maybe I just missed the sly humor in Aussies original post....
alan
11-28-2008, 04:28 AM
I know but this gentleman wants an account that offers no swap...typically called an Islamic Forex Account...

Aussie, you should be aware that often brokers will increase the pip spread on islamic accounts. Do careful research before you committ to opening account with any broker.

Best of luck to you.
Miko
12-01-2008, 10:52 PM
Some one just recommended these guy to me.

http://www.investtechfx.com/

from the web site:

"Islamic / Swap Free

Islamic accounts are also called swap free forex trading accounts. They are
sometimes referred to as Shariah forex accounts to signify that they are in
accordance with the Islamic religious law. This type of account is especially
intended to Muslims as swaps go against their religious beliefs. "
eurowolf
12-15-2008, 10:15 PM
http://www.earnforex.com/muslim_forex_brokers.php

Here si a good resource list to start with

Best regards
Eurowolf
liggy002
01-23-2009, 03:28 PM
Interest accounts aren't all that bad either- interest can work in your favor too, just like leverage. Better to have interest than higher spreads- especially with this EA.
Amita
04-22-2009, 01:48 PM
G'day All :)

Can anyone recommend a good broker who does not deal with Interest or Swap?


Regards,

Ausssie
Take a look at forex-metal.com
mystikdragon7
04-24-2009, 12:38 PM
Look into this broker and see if you like it.

http://www.tadawulfx.com/v2/