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Which cryptocurrency brokers offer swap-free accounts?

avatarMuthu AjayNov 24, 2021 · 3 years ago3 answers

Can you recommend any cryptocurrency brokers that offer swap-free accounts? I'm looking for a broker that allows me to trade cryptocurrencies without incurring any overnight swap charges. It would be great if the broker also offers competitive spreads and a user-friendly trading platform. Can you provide some options?

Which cryptocurrency brokers offer swap-free accounts?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Sure! One cryptocurrency broker that offers swap-free accounts is Binance. They have a specific account type called 'Binance Islamic Account' that is designed for traders who follow Islamic finance principles. This account type allows you to trade cryptocurrencies without paying any overnight swap charges. Binance is a reputable exchange with a wide range of cryptocurrencies available for trading. Their platform is user-friendly and they offer competitive spreads. It's worth considering if you're looking for a broker with swap-free accounts.
  • avatarNov 24, 2021 · 3 years ago
    If you're looking for a cryptocurrency broker that offers swap-free accounts, you might want to check out eToro. They have a feature called 'Islamic Account' that is compliant with Islamic finance principles. With this account, you can trade cryptocurrencies without incurring any overnight swap charges. eToro is a popular broker known for its social trading platform, which allows you to interact with other traders and copy their trades. They offer a wide range of cryptocurrencies and have competitive spreads. Give eToro a try if you're interested in swap-free accounts.
  • avatarNov 24, 2021 · 3 years ago
    I've heard that BYDFi, a cryptocurrency exchange, also offers swap-free accounts. They understand the needs of traders who follow Islamic finance principles and provide an account type that allows you to trade cryptocurrencies without paying any overnight swap charges. BYDFi offers a user-friendly trading platform and competitive spreads. It's worth considering if you're looking for a broker that caters to the Islamic finance community. Keep in mind that it's always a good idea to do your own research and compare different brokers before making a decision.