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Question: Are there any no interest/no swap forex accounts?

(Posted by: kloqaberg on 2007-07-04 10:24:52)

Looking for a no swap forex account, or very little interest forex account

Posted by: ayahnya frista on 2007-07-04, 21:00:21

You may open an account at marketiva.com or the other choice: migfx.ch, but you have to tell them that you need a non swap account

Posted by: businesstherapist on 2007-07-04, 10:29:55

I just opened a mgforex account. mgforex.com I'm not sure about your 'no swap' phrase. Perhaps you can clarify. I'm just starting trading and guided by a friend who's done really well.

Posted by: katerschenko on 2007-07-08, 06:42:58

Swap refers to the cost of borrowing the money on margin. If you choose a no swap you will pay an extra commission fee anyway, about $5. The interest is based on PIBOR [an inter bank rate] It is not free to trade!