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fxeconomist

Swap Free Hotforex Account for Trading Exotic Pairs?

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I wonder is it reasonable to use swap free account to hold overnight positions on "swap-expensive" pairs like USD/RUB? This particular pair has volatilty lowered on it but it still quite promising in terms of news trading like on CBR announcements or other fundamental internal events. Scalping is barely possible there so I consider moving on weekly trading.

 

What's your opinion on that matter?

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They were setup up for people of Muslim faith. Not geographic location.

 

I live in a Muslim country and according to Hotforex requirements for opening Muslim account I just need to show my ID and that I live in a Muslim country, I guess.

What do you think?

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Swap free is for long-term trader, some brokers even offer swap free account (in a short period of time after opening account). But not too many Muslim trader to take advantage on it. I am too so I concentrate to be pips hunter :D

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anyone know a broker offer free swap for all trader type? not Muslim.

 

I guess this swap free account is not only limited to Muslims but anyone who is looking for swap free accounts can use these accounts IMO!

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