Swap free accounts

Swap free Accounts

In simple words swap is known as Exchange of one type of trade asset, cash flow, investment, liability, or payment for another. Earlier the exchange of one security for another used to happen because of various reasons like:

to change the maturity (bonds),

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quality of issues (stocks or bonds), or

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Because of change in the investment objectives.

But with the changing trend and time now swaps have grown to include currency swaps and interest rate swaps and today’s swaps are among the most heavily traded financial contracts in the world: the total amount of interest rates and currency swaps outstanding.

Benefits of swapping always depends upon the type of financial instrument involved in the swapping.

Islamic Forex Trading: Islamic forex trading accounts are an interest free or swap free account type primarily for Islamic clients, this Islamic client cannot trade on interest/swap incurring accounts for religious reasons.

SWAP Free accounts allow Islamic religion clients to trade on interest free accounts (swap free/rollover free) according to Islamic religious principles.

Swap Free accounts are free from:  

Daily Crediting Fund withdrawal losses related to swap-operations

Thus, the client does not receive any extra income and does not suffer any extra losses.

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These accounts are opened automatically: the system identifies which clients are residents of Muslim countries, based on the passport data and telephone number stated in the client's personal data, and attributes to this account the status "swap-free".

Any client who is a permanent resident of a Muslim country may alter the state of his trading account to "swap-free". In order to do this, in addition to having their passport data checked, clients must also have their mobile telephone checked.

A forex swap rate is defined as an overnight or rollover interest (that is earned or paid) for holding positions overnight in foreign exchange trading. A swap charge is determined based on the Interest rates of the countries involved in each currency pair and if the position if short or long With swap free accounts swap free accounts provides you the benefit of interest relief when you do not gain or lose any amount regardless of the position volume. Clients can open and close positions without being constrained to holding them for a defined period to avoid swaps from incur.

Moreover that with swap free accounts you can avail the benefit of surety that only the exchange rate will affect the trade outcome when trade is open for a long time on swap-free accounts. . A swap charge is determined based on the following parameters:

Interest rates of the countries involved in each currency pair

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Whether the position is short or long.

Online4x’s associate financial companies and dedicated team of professional decide and release the swap charge by doing proper risk management and analyzing the market conditions on daily basis.

We promise to make your ride of ambition, enjoyable and profitable.

For More details on swap free accounts facilities you can visit @:-http://www.online4x.com/s/swap-free-accounts Or Contact @ http://www.online4x.com/contact\

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