The best swap free brokers for forex and stock market
As you already know, in addition to the main commission of forex brokers - the spread, which is taken when opening each transaction, there is also a swap.
Swap is a fee for transferring a position to the next day; this type of commission is calculated as the difference between discount rates for the currencies that form the quote.
There is a category of traders who, for religious or other reasons, prefer not to use accounts in their trading from which fees are charged for transferring positions.
Unfortunately, not all brokerage companies have so-called Islamic accounts; in addition, you need to spend a lot of time to find the most suitable option.
Here are the companies that can be safely recommended for this type of trading.
Recommended swap free brokers for Forex trading
RoboForex is one of the best companies at the moment, with the most developed service that allows you to carry out comfortable trading.
Three types of accounts are available for trading without swap - Pro-Standard and Pro-Affiliate, and you can test the service on the Pro-Cent cent account.
You can trade such assets as currency pairs, cryptocurrency pairs, company shares.
The commission amount starts from $2 per lot, depending on the selected trading asset.
RoboForex company website - www.roboforex.com
Amarkets is also a pretty good broker that allows you to activate swap free and pay a fixed amount from the transfer.
What distinguishes the broker from other companies is low spreads, tolerance for various types of trading and high-quality operation of the trading terminal.
The service is activated on Standard and Fixed accounts, as well as on some other accounts if you are the owner of the Gold and Platinum packages
Amarkets website -
www.amarkets.biz However, you should not look for any special swap-free accounts; the service is provided on regular broker accounts just for its connection must be submitted.
What is more profitable - swap or commission?
It is difficult to answer this question unequivocally, since everything depends on the broker, the currency pair and the amount of commissions charged.
We studied both options on various currency pairs, usually the difference is 0.30-0.40 cents per lot in one direction or another, but there are exceptions.
Thus, for the EURUSD currency pair, the negative spread turned out to be one and a half dollars more per lot than the commission.
You should also not forget that using swap free brokerage accounts you pay a commission regardless of the direction of the transaction, and the swap can also have a positive value, which sometimes reaches $10 per lot.
You can make all calculations using the trader's calculator - http://time-forex.com/sovet/kalkul-alpari