One of Best Islamic Crypto Broker Swap Free Account

In BTCUSD Cryptocurrency, there's the payment of swap fee each day: - This brings the Issue of paying and getting paid of interest which is an Issue in the Islamic Religion. Islamic Religion doesn't allow paying & getting paid interest, for Islamic bitcoin crypto traders there a trading account designed in compliance with their Values: Known as Best Islamic Crypto Broker Swap Free.

For this btcusd cryptocurrency account a trader will not pay the overnight rollover interest and also will net get paid any interest, this also is known as Shariah Compliant where there is no paying of RIBA (interest) - also known as Islamic Accounts.

For a btc/usd trader to get a Best Islamic Crypto Broker Swap Free account, a bitcoin trader has to go to a cryptocurrency broker and select option of 'Islamic Account', This option is provided under the Accounts Section of the broker specifying the instructions of how to open one of these accounts.

Once a trader opens a this btcusd cryptocurrency account, then Bitcoin Trading roll over fee interest is removed. Once this no paying & being paid of interest is set, if one is using a ==22==platformsoftwareplatform--software like MT4 then the roll over fee interest record will be reset to zero.

Rollover fee is charged daily at the end of the trading day for which a swap is to be applied. As a trader if you do not want to pay this roll over you should close your transactions before the end of the day, that way you will not pay the roll-over interest as you are no longer holding the open bitcoin trade. Because the btcusd crypto market does not open on Saturday and Sunday, the roll-over fee interest for these two days will be paid on Wednesdays, meaning on Wednesday one will pay the roll-over for Wednesday, Saturday and Sunday, and hence on Wednesdays this rollover fee interest is paid 3 Times.

The positions that pay a roll-over fee interest are commonly referred to and known by traders as Overnight Trades. Day Traders rarely leave their trade transactions opened overnight ==22==& close all of them before the close of the day. Swing Traders on the other hand may leave their trade transactions opened for a few days and leave these trade transactions overnight so that to capture more movement in the bitcoin price trend.

Once a trader finds a Best Islamic Crypto Broker Swap Free broker & opens & Islamic Trade Account, the trader will have the same conditions as those of other traders, except for the paying/payment of rollover fee. This means a btc usd trader will use the MetaTrader 4 Software like all the other traders, the bitcoin trader can trade currencies, all indices, all CFDs, all metals and all other Trading Instruments provided by the online broker.

However, be careful in selecting a Best Islamic Crypto Broker Swap Free broker, some brokers will add a commission or add a-few pips to the spread you trade with to cover the swap(Swap Fee Online Broker). This is not supposed to happen as a bitcoin trader will still be charged for the interest even though it is disguised as another payment, good Brokers don't add any commission nor do they add any charge on to the spread.

Another thing is that some brokers will charge roll-over fee interest a.k.a swap fee, if the position opened by a btc/usd trader is held and opened for more than 5 to 7 days, this should not be the case and the crypto broker should not charge any carry-over interest even if open positions are held for more than five or seven days. For traders wanting to open this Islamic Crypto Broker Swap Free Account it is good to check for any additional terms and conditions of trading for the Islamic Account that ==22==you'reyou--are going to be opening to ensure that the crypto broker you select is really a no swap broker.

Islamic Bitcoin Account - Swap Free Account Explanation - Swap Free Account Explained

Islamic Bitcoin Account

Best Islamic Crypto Broker Swap Free accounts were introduced by brokers after demand for carryover interest free a.k.a swap free accounts grew among the Islamic bitcoin traders. Traditional account entailed paying of rollover interests in what is referred to as roll-over interest. This led to introduction of Interest Free Trade Accounts that Islamic traders could open & still keep in line with their rules on no paying & getting paid interest - Swap Free Bitcoin Trade Accounts.

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One of Best Islamic Crypto Broker Swap Free Account