"YADIX STP BROKER IS PLEASED TO ANNOUNCE THE LAUNCH OF SWAP FREE GOLD XAUUSD, TO PROVIDE SUPPORT TO TRADERS WHO REMAIN BULLISH ON GOLD OR SEEK SHORT TERM TRADING OPPORTUNITIES AMID THE VOLATILITY"
Yadix STP Broker has launched the swap free gold xaussd trades for all clients, the international multi asset broker announced. Swap is a rollover fee that is charged by the liquidity providers, based on interest rates and are applicable to positions opened overnight.
Trading gold positions, the trader is often contracted for the payment of swaps everyday, whether you buy or sell gold, the swap fee is always in the form of deduction.
Purchasing gold means a trader will buy gold and sell USD, selling USD means a trader will have to pay interest, which is a per year payment by paying an overall daily fraction interest overdue.
Seeing that as a true broker, We care a lot for our clients, as they are the hearts of our business decisions, so henceforth, yadix has decided to launch this product in order to strengthen the benefits of gold traders to seeking low costs trading options.
One of the reasons for the introduction of this enhancement by yadix broker is also to allow followers of the islamic faith use the swap free account, as they are being prohibited by their religions to take part in transactions involving interests, thereby facing restrictive trading conditions.
Yadix as a broker is also committed to cover costs for clients of the islamic faith and followers of the sharia law, as an additional benefits of our clients!
With the Yadix Swap Free accounts, traders will not be
forced to pay the overnight rollover interest “Swaps” on Gold and al other
symbols, and will also not receive any interest that maybe due for payment,
meaning our Swap Free accounts are Shariah Compliant.
For
traders who decide to fold open positions overnight, rollovers are charged at the end of the trading day at 22:00 UK time. Gold trades and other symbols, the swap fees will not be applied to your open trades.
We also highly recommend that the closing of trades is planned to avoid unnecessary
costs. For traders who do not follow the islamic religion, who do not want to experience swaps, will need to close trades before 22:00, However bear in mind that spreads can widen during these times to counter the rush to close trades before the rollover.
If you are a follower of the Islamic Faith and need a “Swap
Free” account, you are invited to register an account at Yadix Broker. Once
your account is registered and funded, you can contact our support team to
request it be converted to the “Swap Free” option and start your trading, and
benefit from no overnight swaps on Gold, Silver, Natural Gas, All FX Symbols
and all Indices.
Furthermore, our client’s benefits from great advantages
like 1:500 leverage on Gold, and no
deposit fees to make the conditions for our traders amongst the best in the
industry.
Once you start Gold trading with Swap Free conditions, you
will can execute both short or long-term positions in the markets and avoid
paying any rollover, “swap” fees on your trades. You will benefit from the same trading
conditions and benefits as the normal Yadix accounts with the added benefit of
not paying any Swap fees and means you will access the MetaTrader 4 Platform
like all the other traders, and trade Gold as well as all currencies, all
indices, CFDs and commodities.
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