What is a swap in Forex? A swap in Forex is a transaction between two parties in which one party loans another money, at a specific rate and date. Swaps are a common way to hedge against fluctuations in currency exchange rates. In addition, they can also be used as a way to reduce the cost of borrowing a different currency. To learn more about swaps, read this article. Let us look at three Forex brokers that offer swap free accounts.
GO Markets
The customer service team replies to questions in record time, so if you have any questions or concerns, you can ask them. They offer numerous benefits and have won a number of awards. If you have any questions about a specific trading product, GO Markets offers a wealth of information in their FAQ section.
GO Markets provides customer support that is available Monday to Friday, and 24 hours a day. You can send an email to them if you have any questions. They also have a toll-free number to call in Australia, and an international number to call in from anywhere in the world. If you have any problems, you can use the live chat feature on their website or contact a live support representative through the phone. They respond to messages within record time, and they even provide information on how to use the platform.
GO Markets’ fee structure is also very good. Clients can deposit or withdraw money without incurring any fees, and the exchange rate is fixed at 100:1. GO Markets is regulated by CySEC and ASIC, so you can rest assured that the broker is compliant with these laws. As a bonus, GO Markets allows you to make deposit and withdrawal transactions in a range of currencies for no additional fees. You can deposit in EUR, USD, or PLN, and you can withdraw your funds without incurring any fees. GO Markets offers a minimum deposit of 200 AUD, which is a reasonable amount considering the broker’s service.
IC Markets
IC Markets is a swap free Forex broker. This means that their trade execution is fast and there is minimal latency. They use top-grade infrastructure to reduce trading costs and adhere to strict international regulatory standards. The broker aims to increase transparency in the trading process and prevent misallocation of funds. You must trade with swap free forex brokers to earn a lot.
This broker offers trading in forex CFDs and other assets, including global indices. You can choose from over 64 Forex pairs, as well as MT4 and MT5 trading platforms. You can also trade in stocks and futures, such as in FTSE100 and Nikkei. You can use leverage up to 1:200 with IC Markets. There are no commissions when trading in stocks or commodities.
IC Markets offers low trading costs and no inactivity fee. They also offer low spreads, with 0.3 pips or 0.4 points on average. Traders who are outside the EU should be wary of their customer support live chat support, as it is slow and prone to answering irrelevant questions. Despite the lack of a dedicated investor protection program, IC Markets is a good option for those who are looking for a low-cost, swap-free forex broker.
OctaFX
In the FX market, swap free brokers have a number of advantages, and OctaFX is no exception. The broker’s low spreads and negative balance protection make it an excellent choice for beginners and advanced traders. OctaFX puts all client funds in a segregated account, known as tier-1. This ensures that your trading account is valued appropriately. OctaFX is not a publicly traded company, and is not regulated by top authorities. OctaFX’s low level of trust, however, is not a reason to avoid trading with this broker.
Trading with OctaFX is easy and convenient thanks to its low minimum opening balance requirements and tight spreads. The company offers CFDs, indices, and commodity trade, as well as Forex. This makes it a highly affordable choice for investors who are looking for a low-cost trading option. It also boasts a stable platform and excellent customer support.
