What is the benefit of trading Islamic account and what is swap ?
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Thread: What is the benefit of trading Islamic account and what is swap ?

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    Question What is the benefit of trading Islamic account and what is swap ?

    I see mostly add form the broker that they offer Islamic account and swap trading so i want to know form the professional trader what is the main benefit of the Islamic trading account and secondly what is sawp and what is it's benefit form the trading.

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    Well I haven't have the luxury of trading in an Islamic account but it is stated that an Islamic account holder would enjoy free swaps meaning that you wouldn't be charged a dime for leaving your positions over night, which i must confess is a big deal and advantage, i also heard that you wouldn't be charged a dime for transfer of fund, well if your a Muslim there's no harm in giving it a trial.

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    Low Cost snnaky's Avatar
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    [lang=ar]Yes
    This is, of course, became every broker cares where the number of Muslims in the world will be almost 2 billion
    Most Arab Gulf states are Muslims who are rich and have financial surpluses and forex trading attractive to them, especially if the Islamic accounts[/lang]

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    Registered user Partha32's Avatar
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    say love because I no longer need to spend my time in front of the monitor to monitor my trading account because there is control my ie provider PAMM account, the reason I do not like PAMM trader is probably good if it already provide sufficient profit, if I choose the wrong PAMM then I will lose my money because PAMM account is not good but it can be minimized by carefully selecting the PAMM

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