Help - Search - Members - Calendar
Full Version: No Swap Forex Account
MoneyMakerGroup.com Forum > MoneyMaking: Markets, Real Estate, Banking, and Investments > Forex > Brokers, Trading Platforms, Signal Services, & Software


smart_i80
Hi,
I don't need Northfinance or Marketiva and such small offshore brokers. I'm looking for a stable broker run atleast few years ago with no swap.

Could you help me.

Regards,
Smarty
jafar00
QUOTE(smart_i80 @ Dec 10 2006, 01:07 PM) [snapback]3331193[/snapback]

Hi,
I don't need Northfinance or Marketiva and such small offshore brokers. I'm looking for a stable broker run atleast few years ago with no swap.

Could you help me.

Regards,
Smarty


Offshore depends on where you live. wink.gif What country do you live in? If you tell us, we can help you find a list of brokers in your country and you can then ask them about a swap free account.
Now
QUOTE(smart_i80 @ Dec 10 2006, 10:07 PM) [snapback]3331193[/snapback]

Hi,
I don't need Northfinance or Marketiva and such small offshore brokers. I'm looking for a stable broker run atleast few years ago with no swap.

Could you help me.

Regards,
Smarty


crownforex.com swiss based, offshore
smart_i80
QUOTE(jafar00 @ Dec 10 2006, 02:22 PM) [snapback]3331256[/snapback]

Offshore depends on where you live. wink.gif What country do you live in? If you tell us, we can help you find a list of brokers in your country and you can then ask them about a swap free account.


I know all brokers in my country and it's not need smile.gif Thank you anyway. I already called them and they don't offer swap free accs.

QUOTE(Now @ Dec 10 2006, 03:31 PM) [snapback]3331511[/snapback]

crownforex.com swiss based, offshore


I checked this one and I heard it's a scam and the services offered are not good. Like lack of up to date prices and so on ...
zeal
Hello Smarti, didn't know you trade forex.
This is highly rated broker currenex.com not sure what swap is all about smile.gif
FXAddict
Hi zeal,

Swap is basically interest (+ve/-ve) for holding the trade.
Holding a long USDJPY gives you interest and holding a long GBPUSD makes you pay interest.

Hope that helps.
zeal
QUOTE(FXAddict @ Dec 10 2006, 07:10 PM) [snapback]3331863[/snapback]

Hi zeal,

Swap is basically interest (+ve/-ve) for holding the trade.
Holding a long USDJPY gives you interest and holding a long GBPUSD makes you pay interest.

Hope that helps.


That does help thanks smile.gif

phildunn
So far only few offshore brokers offer swap free without fee. Those all big and US regulated brokers do offer swap free but charge commission or fee.
smart_i80
QUOTE(zeal @ Dec 10 2006, 04:41 PM) [snapback]3331768[/snapback]

Hello Smarti, didn't know you trade forex.
This is highly rated broker currenex.com not sure what swap is all about smile.gif


I will start to trade. I'm not a trader yet anyway my friend is helping me and he gave me an idea how to trade. The problem is he don't know swap free forex brokers.

QUOTE(phildunn @ Dec 10 2006, 11:26 PM) [snapback]3333269[/snapback]

So far only few offshore brokers offer swap free without fee. Those all big and US regulated brokers do offer swap free but charge commission or fee.


Could you please let me know which are these US regulated brokers ? ofering swap free but charging commissions or fees. smile.gif
phildunn
QUOTE(smart_i80 @ Dec 10 2006, 11:53 PM) [snapback]3333668[/snapback]

Could you please let me know which are these US regulated brokers ? ofering swap free but charging commissions or fees. smile.gif


Many of them like FXCM,interbankfx,etc. U can see a list of brokers here.
http://www.fxstreet.com/brokers/forex-brokers/
smart_i80
QUOTE(phildunn @ Dec 11 2006, 01:04 AM) [snapback]3333718[/snapback]

Many of them like FXCM,interbankfx,etc. U can see a list of brokers here.
http://www.fxstreet.com/brokers/forex-brokers/


And they offer swap free trading ?
thiec
QUOTE(smart_i80 @ Dec 11 2006, 03:12 PM) [snapback]3333752[/snapback]

And they offer swap free trading ?


I think the link that phildunn gave you is the best list around. You can mail or chat with them directly about the swap. Hope you find it.

Note : As far as i know swap free only available for moslem. So not a general things
smart_i80
QUOTE(thiec @ Dec 11 2006, 02:08 AM) [snapback]3334052[/snapback]


I think the link that phildunn gave you is the best list around. You can mail or chat with them directly about the swap. Hope you find it.

Note : As far as i know swap free only available for moslem. So not a general things



I will ask them. Thank you. I have heard the same. I called one broker and I got response such accounts are allowed only for moslem ...
FXAddict
Hi thiec,

Not necessarily. I'm trading multiple accounts right now and one of the accounts I'm trading is entirely swap free. Only problem here is that I can't name this broker due to privacy reasons (i.e NDA).

Cheers.

QUOTE(thiec @ Dec 11 2006, 05:08 PM) [snapback]3334052[/snapback]


I think the link that phildunn gave you is the best list around. You can mail or chat with them directly about the swap. Hope you find it.

Note : As far as i know swap free only available for moslem. So not a general things


Spottrader
QUOTE
I checked this one and I heard it's a scam and the services offered are not good. Like lack of up to date prices and so on ...


I have been using them since AUG.. But no problem with them till now..
Can you reffer me where from you heard this all stuff..If there is some thing like that i will love move my all accounts from there..

Thank you..
smart_i80
QUOTE(Spottrader @ Dec 11 2006, 04:20 AM) [snapback]3334638[/snapback]

I have been using them since AUG.. But no problem with them till now..
Can you reffer me where from you heard this all stuff..If there is some thing like that i will love move my all accounts from there..

Thank you..



Check that: http://www.google.bg/search?hl=en&q=crownforex.com
http://www.forexfactory.com/forexforum/showthread.php?t=9995
http://www.trade2win.com/boards/archive/in...hp/t-21759.html
http://www.hotstockmarket.com/forums/archi...hp/t-44776.html
forexmine
I have been using crownforex.com since OCT and no problem with them
i trade only GBPUSD on crownforex.com and no problem till now..
its best broker on news time clapping7.gif
Spottrader
QUOTE
I have been using crownforex.com since OCT and no problem with them
i trade only GBPUSD on crownforex.com and no problem till now..
its best broker on news time

Yes i have been using them also.. at news and at Tech trades also.. but never had any problem..

Thank you so much "Samrti" for link dude.. i will take a look at them and then i will decide rather move from crown to any one esle or keep in touch with crown..

After reading those forums i will post here my views.
smart_i80
QUOTE(Spottrader @ Dec 11 2006, 08:13 AM) [snapback]3335818[/snapback]

Yes i have been using them also.. at news and at Tech trades also.. but never had any problem..

Thank you so much "Samrti" for link dude.. i will take a look at them and then i will decide rather move from crown to any one esle or keep in touch with crown..

After reading those forums i will post here my views.


Thank you for your attention to my suggestion too. I don't ask you to get out of this broker but just check the comments and the investigation I have made. I never join a company with bad comments behind it. smile.gif Even if you don't move you could be ok ... it's all relatively. I wish you good luck.
Spottrader
QUOTE
Thank you for your attention to my suggestion too. I don't ask you to get out of this broker but just check the comments and the investigation I have made. I never join a company with bad comments behind it. Even if you don't move you could be ok ... it's all relatively. I wish you good luck.


thank you so much "smarty" for bring this in my attention .. i got some little info from your links.. but i searched myself about crownforex.. more... it sound's bad..
I will post little info about them here but after geting out my Funds rofl4.gif
I have requested for W.D money from Personal account. also sent e-mail to all my managed accounts holders .. they will take action as soon as possible..
i do agree with your words.. that if we hear any bad thing about any broker so we should stay away instead to keep working with them at risk..
Now i am moving to another good the best liquidity and fills.. Crownforex is manipulating also sad.gif
smart_i80
QUOTE(Spottrader @ Dec 11 2006, 11:49 AM) [snapback]3337092[/snapback]

thank you so much "smarty" for bring this in my attention .. i got some little info from your links.. but i searched myself about crownforex.. more... it sound's bad..
I will post little info about them here but after geting out my Funds rofl4.gif
I have requested for W.D money from Personal account. also sent e-mail to all my managed accounts holders .. they will take action as soon as possible..
i do agree with your words.. that if we hear any bad thing about any broker so we should stay away instead to keep working with them at risk..
Now i am moving to another good the best liquidity and fills.. Crownforex is manipulating also sad.gif


No problem. I'm sure there are other good brokers too. I hope it's a good move. smile.gif
thiec
QUOTE(FXAddict @ Dec 11 2006, 05:11 PM) [snapback]3334336[/snapback]

Hi thiec,

Not necessarily. I'm trading multiple accounts right now and one of the accounts I'm trading is entirely swap free. Only problem here is that I can't name this broker due to privacy reasons (i.e NDA).

Cheers.


I think its depend on broker's policy. smile.gif

Anyone can explain where the swap fee flow into? Is it paid by broker to interbank (after charge to clients) or the broker keep itself?

@smart_i80
I like your comment about broker. Wisely thumbup(1).gif
phildunn
QUOTE(thiec @ Dec 11 2006, 06:49 PM) [snapback]3338982[/snapback]


Anyone can explain where the swap fee flow into? Is it paid by broker to interbank (after charge to clients) or the broker keep itself?




Dealing desk brokers seldom put trades into interbank,they're hedging the trades between clients unless u trade very big amounts.
smart_i80
QUOTE(thiec @ Dec 11 2006, 07:49 PM) [snapback]3338982[/snapback]


I think its depend on broker's policy. smile.gif

Anyone can explain where the swap fee flow into? Is it paid by broker to interbank (after charge to clients) or the broker keep itself?

@smart_i80
I like your comment about broker. Wisely thumbup(1).gif



Thank you.


QUOTE(phildunn @ Dec 11 2006, 09:40 PM) [snapback]3339468[/snapback]

Dealing desk brokers seldom put trades into interbank,they're hedging the trades between clients unless u trade very big amounts.


I think all brokers sometimes turn off the deal trades and when the client lose his money this is their profit ! I'm sure many non -regulated and regulated brokers are doing it and they cheat like that. For example I tried to trade one time and lost 2.3k USD in NorthFinance . I'm sure the broker took the money and I never traded real forex. I'm sure I was in real acc but my trades was never connected with the global market. I have heard the brokers put everyone in demo (while we think it's real ) because about 80% of all people are losing $$$$. And They turn on the real trades only for people with big amounts and who can trade very well. smile.gif
What do you think ?
mutant dog
Thats pretty much standard practise with retail brokers, they figure 90% of traders will lose their money so thats the brokers profit. Its what a broker does with the successful 10% that defines whether they are good or not.
Spottrader
QUOTE
I will post little info about them here but after geting out my Funds


Here is the Info about them , may be a rumor because that person hasn't given any prove of his words..

But as i said earlier If you become in doubt with some one.. so you should leave that person or company instead you keep working with them at risk.
QUOTE

crown forex started at saudi arabia at 2004, the owner from jordan with saudi partner ,his first name is ibrahim, all offices of crown forex is closed now at saudi arabia after they stolen millions from saudis..... ibrahim now is requested by law at saudi arabia... it was registered with NFA, but NFA cancelled registration later.......

i can provide more detailes about the cases of crown forex at saudi arabia....

the saudi partner of crown forex is now at jail, with about 50 million us dollar stolen from people here....it is small refco...


Source URl of this info. is http://www.bankier.pl/forum/temat_crown-fo...as,2425406.html

as a caution i will stay away..

P.S i will call them later and will ask about this case as well ..wil let you know.

Cya..
smart_i80
QUOTE(Spottrader @ Dec 12 2006, 11:50 AM) [snapback]3343929[/snapback]

Here is the Info about them , may be a rumor because that person hasn't given any prove of his words..

But as i said earlier If you become in doubt with some one.. so you should leave that person or company instead you keep working with them at risk.
Source URl of this info. is http://www.bankier.pl/forum/temat_crown-fo...as,2425406.html

as a caution i will stay away..

P.S i will call them later and will ask about this case as well ..wil let you know.

Cya..


SO I was very right doh.gif biggrin.gif Glad I could help.
jafar00
QUOTE(Spottrader @ Dec 11 2006, 10:49 AM) [snapback]3337092[/snapback]

Now i am moving to another good the best liquidity and fills.. Crownforex is manipulating also sad.gif


fxlq? shocking.gif
Spottrader
What is fxiq?.

i am looking at Dukascopy... have a look at Main Forum of Forex Folder.
i have made a new topic for dukascopy.. please posts your comments abt it over there.. smile.gif
fxinvestmentpool admin
I trade at FXLQ, they good, but they is holding prices young jedi... They hold make sure their order fill they is.

I am moving to a new broker soon. But its secret yes yes yes.
thiec
QUOTE(fxinvestmentpool admin @ Dec 13 2006, 06:19 AM) [snapback]3345058[/snapback]

I trade at FXLQ, they good, but they is holding prices young jedi... They hold make sure their order fill they is.

I am moving to a new broker soon. But its secret yes yes yes.


Everyone seem like to play "secret" broker. post-36326-1110185726.gif
phildunn
QUOTE(smart_i80 @ Dec 12 2006, 03:24 AM) [snapback]3341116[/snapback]

I think all brokers sometimes turn off the deal trades and when the client lose his money this is their profit ! I'm sure many non -regulated and regulated brokers are doing it and they cheat like that. For example I tried to trade one time and lost 2.3k USD in NorthFinance . I'm sure the broker took the money and I never traded real forex. I'm sure I was in real acc but my trades was never connected with the global market. I have heard the brokers put everyone in demo (while we think it's real ) because about 80% of all people are losing $$$$. And They turn on the real trades only for people with big amounts and who can trade very well. smile.gif
What do you think ?


That's why so many retail brokers pops up recent years.
Spottrader
Hello Taki,
Nice to see you.. Brother would you like to share your Secret broker tongue4.gif..
I am also looking for a good and relaible broker.. i amlooking at dukascopy.. what you think about it?.
smart_i80
I think Dukascopy are one of the best. I have made an investigation and it seems this is a good choice. I will post more info soon.
fxinvestmentpool admin
Secret broker is private invitation only broker. Minimum requirement is 400k.

Its expensive..... But i wont have to put up with brokers screwing my account time and time again. Like is whats going on now.
Spottrader
QUOTE
I think Dukascopy are one of the best. I have made an investigation and it seems this is a good choice. I will post more info soon.


That's good.. thank you.. One of my friend is using them and satisfied with their services.. ..
Minimum 50k to open account.. smile.gif
Waiting for our investigation results smarti ... smile.gif

Yes Taki. No matter how expensive he wil be.. After all we are looking for secure and reliable servcies..
Pls PM me inivitation.. I will put that broker also in my list.
Thank you..
smart_i80
" From: Alessandro, Switzerland
Rating:
Date of Post: 07/04/06
Review: I was trading with Dukascopy for 4 month. What I liked the most was the fact that those guys are providing real INTERBANK rates, the spread was amazing: 0.5-1.5 pip. The service is outstanding: they provide 24/7 technical support, Skype connection directly from the platform. I had a problem with my execution once, and with Dukascopy support it was solved immediately. The most important advantage of Dukascopy is that they don’t play against clients but try to help the client win the money. Now bad things: Dukascopy updates the platform quite often, which makes the DEMO trading platform unavailable for 10-20 mins. In general I would recommend this broker to traders."


" From: Krystian, CANADA
Rating:
Date of Post: 03/19/06
Review: I traded with dukascopy twice, alone and with managed account. The good things first - customer service is ok, they've got much better java based platform than Oanda that allows to automate trades once certain signal lines cross. The slippage is high and they don't like SCALPING - if profits of 1-6 pips constitute over 30% of your income you will be kicked out, unless you sign for interbank trading, starting from 10000$. They allow for opposite trading on the same pairs which is great for speculators. They always returned my money back and they have extensive database for currency prices, volume with the frequency of quotes as little as every 10 seconds ! I used them very often for my analysis because they are free - therefore highly recommended to everybody smile.gif Bad things - Do not sign up for their management fund programs, I lost over one grand, they simply mismanaged my money. Their spreads are higher than Oanda but if I were in Switzerland I would stick with them even though they lost my funds - they're still better in comparison with others."


"
From: Paul Williams, Australia
Rating:
Date of Post: 11/10/06
Review: I am a full-time private trader and small-time money manager. I have been trading FX spot for years ... countless years - I just love this market. When I read the reviews on this site, it is difficult to ascertain which ones are bona-fide, which ones are from competitors and which ones come from real professionals. Anyway, I do agree that market makers are hard to trade with. It is a tough market but blaming your broker is not the way forward. I used a market maker and made money. But needed a more professional outfit - a platform that could handle large orders, and I also needed to be comfortable placing my money - and other clients money -with them. I use Dukascopy Suisse. They are for professionals and have a "real" interbank market. The trading platform is ideal. It doesn't matter if you are into scalping, news trading, carry trades, whatever - and they are based in Switzerland - high integrity in the FX world. Yes they do charge comm, but the spreads are tight and you can trade within the spread. If you are good at your maths, and trade entry, it is cheaper than paying the spread with other market makers. Charting is standard so make sure you have your own software. I presume this will be rectified going forward. But I don't care, I have used the same charting software for years successfully so no need to change. Entry is not cheap, but they don't want riff-raff. I think it is about $50,000USD to open. Can't imagine moving."

"Hi everyone,
I just want to share my experience of Forex trading using the www.dukascopy.com trading platform. These guys have done a terrific job! The platform contains major currency quotes along with the most advanced system of technical analysis tools I have ever seen in my life. As far as I understand, they use the principles of physics in constructing this system. The results are truly amazing! The user is actually given the means of outwitting the system. Finally! Besides, the platform is run completely from the Internet, requires no installation procedure and is absolutely free for use.
BM "


Something from the past: http://web.archive.org/web/20040604193659/...nglish/AboutUs/

Someone talked with Ilya Prigogine with a French accent and I have heard dukascopy is really regulated by the govrn which is good because they won't steal your money and run away.

For now it seems like a good broker where you can trade or give under management your funds.
Spottrader
Thanks for posting....
yes it's my #1 Option..
But waiting for Taki's Link also smile.gif
fxinvestmentpool admin
No link coming from me, its a private broker... That means its offline business, online platform. Not retail....
Spottrader
QUOTE
No link coming from me, its a private broker... That means its offline business, online platform. Not retail....


Okay that's good..
But you can provide me company detials By PM. i wil talk with them.. IF still you can't help me.. it's okay..
zeal
QUOTE(Spottrader @ Dec 13 2006, 10:24 AM) [snapback]3349273[/snapback]

Secret broker is private invitation only broker. Minimum requirement is 400k.

Its expensive..... But i wont have to put up with brokers screwing my account time and time again. Like is whats going on now.

No link coming from me, its a private broker... That means its offline business, online platform. Not retail....



Some people like to think they are exclusive, helps them sleep at night rolleyes.gif
There there.
Spottrader
let me quote some thing from Smarti's Post..
smarti that person is totaly missleading smile.gif
QUOTE
" From: Krystian, CANADA
Rating:
Date of Post: 03/19/06
Review: I traded with dukascopy twice, alone and with managed account. The good things first - customer service is ok, they've got much better java based platform than Oanda that allows to automate trades once certain signal lines cross. The slippage is high and they don't like SCALPING - if profits of 1-6 pips constitute over 30% of your income you will be kicked out, unless you sign for interbank trading, starting from 10000$. They allow for opposite trading on the same pairs which is great for speculators. They always returned my money back and they have extensive database for currency prices, volume with the frequency of quotes as little as every 10 seconds ! I used them very often for my analysis because they are free - therefore highly recommended to everybody Bad things - Do not sign up for their management fund programs, I lost over one grand, they simply mismanaged my money. Their spreads are higher than Oanda but if I were in Switzerland I would stick with them even though they lost my funds - they're still better in comparison with others."

i Asked From Dukascopy's Support about it.

Do you allow Scalp trading?.
[11:05:06 PM] Dukascopy Suisse SA says: Yes, you can scalp and also the hedging is allowd
[11:06:15 PM] Spottrader says: but i read some where you don't like scalp and if you find 30% of trades as scalp ..you close the account..
[11:06:28 PM] Spottrader says: anyways that person must be missleading
[11:07:46 PM] Dukascopy Suisse SA says: No at all, we love scalpers, becouse we are fully comission based company, we are not a market makers.
[11:12:56 PM] Dukascopy Suisse SA says: I also preffer tech trade, but we like scalpeers better, they are making higher volumes
===========================================
I hope it's clear for scalp traders that they don't Close accounts if they mind 30% of your trades as a scalp.. it's mean they fully allow scalp trading. wink.gif

fxinvestmentpool admin
QUOTE(zeal @ Dec 13 2006, 07:47 AM) [snapback]3349376[/snapback]

Some people like to think they are exclusive, helps them sleep at night rolleyes.gif
There there.


Not special.. Just posted something I shouldn't have, and now trying to shake off the hounds tongue4.gif....

When you have money in this arena, you get better service.. Its fact. And by money, I mean real money.
zeal
QUOTE(fxinvestmentpool admin @ Dec 13 2006, 02:50 PM) [snapback]3350658[/snapback]

Not special.. Just posted something I shouldn't have, and now trying to shake off the hounds tongue4.gif....

When you have money in this arena, you get better service.. Its fact. And by money, I mean real money.


I'm sure quite a few have some real money here
If you are in MMG and you have it, there are also people that have it tongue4.gif
fxinvestmentpool admin
Yes, and I know who they are.
mutant dog
QUOTE(Spottrader @ Dec 13 2006, 06:23 PM) [snapback]3350120[/snapback]

let me quote some thing from Smarti's Post..
smarti that person is totaly missleading smile.gif

i Asked From Dukascopy's Support about it.

Do you allow Scalp trading?.
[11:05:06 PM] Dukascopy Suisse SA says: Yes, you can scalp and also the hedging is allowd
[11:06:15 PM] Spottrader says: but i read some where you don't like scalp and if you find 30% of trades as scalp ..you close the account..
[11:06:28 PM] Spottrader says: anyways that person must be missleading
[11:07:46 PM] Dukascopy Suisse SA says: No at all, we love scalpers, becouse we are fully comission based company, we are not a market makers.
[11:12:56 PM] Dukascopy Suisse SA says: I also preffer tech trade, but we like scalpeers better, they are making higher volumes
===========================================
I hope it's clear for scalp traders that they don't Close accounts if they mind 30% of your trades as a scalp.. it's mean they fully allow scalp trading. wink.gif


It looks like smarti's post was a quote from forexb*stards. And we all know how reliable that site is! rolleyes.gif
Spottrader
QUOTE
It looks like smarti's post was a quote from forexb*stards. And we all know how reliable that site is!

yea i know Samrti quoted That person's word from some where..
.... i have and had commounication with dukascopy staff , they are very reilable.. smile.gif
smart_i80
QUOTE(Spottrader @ Dec 14 2006, 03:28 AM) [snapback]3353986[/snapback]

yea i know Samrti quoted That person's word from some where..
.... i have and had commounication with dukascopy staff , they are very reilable.. smile.gif


I don't recomment any broker as I don't control it biggrin.gif If it was my own broker I would tell you " go ahead " because I will know if it's a good one or not. I'm just trying to help and bring you some information because I know how to find it.
mutant dog
All information is appreciated smarti. smile.gif

However, a lot of reviews on forexb*stards website are fake. Dont base your decisions on things you read there.
Spottrader
QUOTE
I'm just trying to help and bring you some information because I know how to find it.

Thank you smarti for your hard work....
QUOTE
However, a lot of reviews on forexb*stards website are fake. Dont base your decisions on things you read there.

i agree with you smile.gif
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.