SWAP FREE FOREX

Online Forex Trading is Haram

2012-03-06T12:20:00.001+08:00

The National Fatwa Council of Malaysia ruled that online Forex Trading is illegal according to Syriah Laws. They issued an edict forbidding Muslims to speculate on online forex trading.

Swap Free Forex Accounts

2010-07-16T21:14:00.003+08:00

Swap Free Forex Accounts

Swap Free Forex trading accounts permit clients of Islamic religion to trade on interest free accounts, Swap Free or Roll Over Fee Free with no extra charge or penalty for the ability to trade in adherence with Islamic religious principles. Clients can open and close positions at any time within the TadawulFx Metatrader 4 system without being constrained to holding them for a defined period.

The Swap Free Forex trading accounts offered by TadawulFx are not the same as the Islamic Accounts generally offered by other Forex companies. They differ based on the fact that TadawulFx offers SWAP free accounts with no other additional charges, whereas most other companies transfer this fee by widening the spread on Islamic Accounts. In order to abide by Islamic religious beliefs, one must not pay interest but if that interest charge is transferred to a different type of fee, it is basically still a charge to cover the interest. This is also referred to as a SWAP fee in disguise. Tadawul FX does not do this, again demonstrating that TadawulFx offers fair and ethical trading conditions.

Cara Pasang Title dan Meta Tags agar Blog lebih SEO Friendly

2010-07-05T07:42:00.000+08:00

Cara Pasang Title dan Meta Tags agar Blog lebih SEO Friendly

The Yuan Weakens the Dollar

2010-06-22T12:23:00.002+08:00

June 21 Bloomberg News for Swap Free Forex

The Chinese central bank made its announcement at 7 p.m. Beijing time on June 19 in a posting on its website, a week before leaders from the Group of 20 meet in Toronto.

President Barack Obama called China’s decision a “constructive step.” Other lawmakers in the world’s largest economy said China’s move was insufficient.

The Chinese central bank said in a follow-up statement that a more flexible currency will “direct resources to domestic- demand driven sectors such as services” and help curb an excessive reliance on exports, signaling it anticipates the currency will rise.

Managed Float

Authorities will resume a managed float of the yuan against a basket of currencies, according to the June 19 statement. Before the exchange rate was frozen in July 2008, Premier Wen Jiabao’s government had allowed a 21 percent advance versus the dollar over three years.

Posted by Swap Free Forex

Swap and Swap Free

2010-06-18T15:57:00.001+08:00

Swap Charges
The Rollover Charges for holding Open Positions over nite. Swap is an Interest Charge.

Roll-Over
Extending the settlement value date on an open position to the next trade date.

Rollover Credit
Amount credited to a trader's account when the long currency of a currency pair has a higher yielding interest rate than the shorted currency.

Rollover Debit
Amount debited from a trader's account because of an overnight rollover, when the long currency of a currency pair has a lower yielding interest rate than the shorted currency.

Swap Free
Free of Interest Charges even for overnite Open Positons.