Search results

Call any Canadian bank in NY TD Royal bank of Canada/RBC CIBC Scotiabank BMO/Harris IMHO its too late u have missed the boat....Wait for a pull back first.

IBj I do not want to get into some huge thing about this, I like your system. I like your service, i just think that if you are going after the professional trader you have to change your model concerning overnite. You guys should not be looking at this like equities and lending...

No matter how you want to look at it, if I take a long gbp/usd transaction i am paying 1.25%(annulized) more in interest expenses than it cost you to swap that transaction. This is base on 100,000 gbp. .25 is taken off the gbp int and 1% is added to the usd. This is very expensive. It...

I am taking about holding any trades past 5pm est. You cannot compare equities to fx, Fx the amts are usually higher than equities due to margin. There are times when you should earn on a carry trades (the currency you are long has a higher interest rate than the one you are short)...

I never got a satisfactory answer and at this point, I do not care, it was a small enough so that damage is not that great. I learned my lesson and I WILL NEVER take ANOTHER OVERNIGHT TRADE until they start dealing in reality with their interest charges. End of story....

2 days no response. 5pm est time is when the banks switch over. Its way to expensive to carry an overnite position with this company. I will cover all my positions before 4pm or I will use futures... Banks and IB do swaps to cover their rollovers, nobody uses this interest rate crap...

what the commission on IB for 1 contract

Yes but is 3 days not 5. Wed contract settles on Fri Thurs contract settles on Mon That is 3 days The only way they could come up with int they charged me assuming they add 1.5% to the US and deduct .5% off the uk is to charge me 5 days. Assuming I was long GBP and short USD...

I have traded interbank for 20 years. It is not transparent, the calculations are not even on their statements. Interbank gbp/usd is aprox 0 for the weekend, not 10 points. That is a ripeoff. I also use IFX that gives interbank on rolls and they do it base on the proper day count...

I think I realized what they did. I went home long GBP on wed, that deal does not settled till fri, but they charged me 5 days interest and gave me 5 days worth of int on the gbp. Because they overcharge on interest and underpay on int owed to you and they take two more days even...

I am still waiting form an explanation. I did have one overnite trade that i forgot to cover, i was long gbp for 3 days( over the weekend. They charged me the equivalent of 10 points which anywhere else would 0 or 1. This how they make big time money. They take advantage of any...

Can someone explain to me how you can have neg accrued interest when you have no positions past 5 pm....

thanks ibj

A long and short is no position, why would you need to do that?

Another way to get money out of people.....

All currenex is, is a platform allowing a corporate to have all his banks set up in one place, so he can get quotes from them all at the same time. He can choose the best one and deal on it Currenex does not trade. Hotspot and Coesfx i have no idea what they do... FXALL is like currenex.

We trade in the millions but I do not work at a Bank. I use many of the banks platforms....

I am not trying to be an Azz, i am trying to save you some money...... Read the book i sugested Read technical analysis of the financial Markets come up with some sort of strategy back test it open a demo account and play the strategy if you lose money on the demo go back to...

Read Trading in the Zone by douglas Why do most traders lose money, because they take profits after 10 to 15 points and lets there loses go 100 to 200.....

Congrats are not in order, I just cannot stand the politics and BS. If I could just trade and be left alone, that would be ideal....