The ForexTime Limited (FXTM) has introduced an “Over-the-Weekend (OTW) trading account, where traders can enjoy swap-free trading from Monday to Friday.
The firm in a statement, explained that experienced trader understand that one of the downsides of executing a medium-to long term forex trading strategy is the necessity of leaving positions open overnight. This, it argued, is when trades incur rollover charges, also known as forex swap rates.
It further said beginning from June 1 to August 31, 2013, the OTW account meant that ForexTime clients could benefit from trading swap-free during the week on any trading instrument, saying that they would only be charged a minimal weekend fee every Friday.
