What is Swap?
Swap is an agreement between two parties, in this case our broker and our clients, to conduct a payment for execution of a contract over a period of time. Typically, this is referred to as overnight interest.
Why is Dollars Markets Swap free?
As we are conducting business within the modern age, across many diverse cultural and religious backgrounds, we would like to ensure that trading on our platform is favorable in accordance with the compliance of Shariah Law. Therefore, no interest is charged for holding positions overnight. Furthermore, we extend this privilege across the board to all our clients whether they come from an Islamic background or not. As we have diversity in our clientele, we ensure that everyone is treated equally with the same opportunities.