Broker swap increase
Nov 22, 2021 at 17:24
718 Views
7 Replies
Member Since Jan 17, 2021
8 posts
Nov 22, 2021 at 17:24
Hey everyone,
I have been using Axi as a broker for a while now and I noticed in the last month that the swap rates have dramatically increased. Is this with every broker or just Axi?
I have been using Axi as a broker for a while now and I noticed in the last month that the swap rates have dramatically increased. Is this with every broker or just Axi?
Nov 22, 2021 at 21:09
Usually, swap calculation refers to central ban interest, if swap increasing maybe you need to check on the central bank on the currency you traded, if there is no change interest rate, maybe increasing swap fee is manipulation broker, if your broker offers free swap account, you can choose to use it, like as in FXOpen they also offer free swap account for Muslim trader.
Member Since Jan 17, 2021
8 posts
Nov 23, 2021 at 20:37
Any recommendation for an alternative broker?
Member Since Jun 11, 2020
7 posts
Nov 23, 2021 at 22:39
If you're living in Australia, I would suggest Fusion Markets. I have been with them for a month or so and it's been pretty good so far. Their Zero account is most of the times close to zero spread, competitive commissions and swaps.
Member Since Jul 23, 2020
759 posts
Dec 05, 2021 at 21:07
In the forex market, there is a fee called swap if you keep trading overnight. This is the interest you pay or receive depending on the pair.
Member Since Jul 23, 2020
869 posts
Dec 09, 2021 at 14:31
If you put your position on Wednesday and keep it open on Thursday, your swaps will triple.
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