Swap Blocker
The Swap Blocker Plugin is a feature for the MetaTrader 5 trading platform that prevents swap charges on specified trading accounts under certain conditions. Swaps are typically charged on positions held overnight, but with this plugin, brokers can allow traders to hold positions without incurring swap fees if specific criteria are met.
Swap free plugin
Why choose Swap Free Plugin
Our latest swap tool offers the ability to brokers to offer to their clients Islamic
accounts
and different swap conditions to different groups of clients.
- Compatible with MT5
- Option for Max Swap free days
- Per Account configuration
- Per group configuration
- Unlimited Rules
- Swap Multiplier
How the Swap Free Plugin Works:
The Swap Free Plugin is a tool designed for forex brokers to offer swap-free conditions to clients who adhere to Islamic principles and Sharia law, which prohibit the charging or receiving of interest. This plugin is compatible with the MT5 trading platform and brokers can set different rules for the duration of the swap-free conditions. This means they can specify the number of days during which clients will not be charged any overnight swap fees. Additionally, brokers have the option to selectively adjust the positive and negative swap amounts by multiplying or dividing them as desired.
Functionality:
The plugin blocks swap charges if the volume of the open positions on a trading account does not exceed a predetermined limit and the positions are held for a limited number of days. This functionality is particularly useful for brokers offering swap-free trading under certain conditions, such as in compliance with Islamic finance principles.