Trading on Forex, very often face swaps – payment for the transfer of the transaction the next day. According to the rules of the currency market the buyer must receive the bought currency on your account no later than the following day. Since the objective of traders is making a profit at the expense of speculative currency transactions, rather than buying or selling actual currencies at the end of the trading day the operation is performed on the forced closing of the position and its simultaneous discovery, for which interest rate swap. Since the transaction can be opened quite a long time, you can accumulate a decent amount of the swap, so recently among traders especially popular Swap free brokers who provide bessvopovye account.
These accounts have a number of advantages, which include a swap of zero, there is no need to continuously monitor the size of the interest rates of traded currencies, the difference is that the swap, as well as the opportunity to consider in advance the fee for planning the financial results of transactions. Swap free swap brokers instead charge a small fee. There are two variants of commission: as a lump sum or as a percentage. In the case of fixed commissions are usually debited from the account of a certain amount of money, such as $ 10 for a standard lot, in terms of points is much smaller than the swap.
Initially Swap free brokers meant exclusively for Muslims, because their religion prohibits the payment of interest for the operation without creating wealth. But now bessvopovye bills are also common among ordinary traders, giving them ample opportunity for long-term profit.