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l use to do some fx trading with IB when l needed currency for countries l visited. Their fx rates were superior to retail banks, incl HSBC premiere. I was informed, IB's fx rates were interbank rates. Is there a broker who provides interbank fx rates preferably without charging hidden fees...

are the rates shown on the links for IB and TW, the rates that will be applied to a negative cash balance?

l currently have a -ve cash balance of -50K USD and net liquidity +20k, am l correct in my understanding that IB charge 1.55% (BM + 1.5%) www.interactivebrokers.co.uk/en/index.php?f=1595 and TW charge 7.00% ,Base Rate https://tastyworks.com/commissions-and-fees/ so TW would be ~4X pricier for...

l understand that if you are long an option and it goes up in value because you're +ve delta and vega, with every point underlying goes up the option will go up in value by the delta amount, all else being equal, and if the volatility increases 1% the option will go up in value by it's vega...

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is it true that buying back a short call in a covered call increases margin requirement? l thought it requires no margin to buy or buy back a call that is covered. I was long 100 shares of SQ with a covered call. I was in margin deficit with IB so tried to buy back the covered call, but it...

TastyWorks is a way simpler and superior technology for trading options AND customer service is a different class. Critical factor is costs, their commissions are significantly cheaper than IB, capped $10 commissions for a leg :) and costs nothing to close. And, if short, it costs nothing to...

I like to compare IB's short stock fee compared to Tasty Works. how do they compare? Tasty Works capped commissions may make it more attractive a broker? opinions?

this is now almost a decade later, but l have a similar question, l hold 2 currencies in my account, both are in credit, so why should there be a cost to carry? my 'Cash FX Translation Gain/Loss' was over 10 in last daily statement. please explain why and what it means?

where did you see the margin rates are way higher than IB's? calculating expected move, can be calculated by taking 85% of the front month ATM straddle / to take the ATM straddle + 1st OTM strangle then / 2. but why do we have to go through the time consuming calculations esp when you want to...

Currently we have a 7 figure account with IB and trade options. Friends also use IB and have varying sizes of accounts from $1000s to $100,000's. Tasty works latest offer has attracted all of us. Their platform seems more advanced and easier to use than IB's. eg 'probability of 50%', ease of...

thanks for reply. 'Seems reasonable but you do take on some FX risk even though the HKD is pegged to the USD it does fluctuate.' I totally agree, there is risk in the FX trade, and that can go either way and l'm ok with that. l may lose substantially more than the nominal interest gains, but may...

So l have a bank account in USA and HKG. The HKG bank offers 0% IR for all deposits, My USA broker offers 0.6% IR. Since my the money is in my HKG bank and earning 0% - inflation, would it not be better converted to USD and transferred to the broker? l don't understand why you said ' you'll end...

its clearer now, but can't claim l got a full grasp. so this is the situation, l have ~500K HKD in my bank account, and it receives 0%. l could easily use the HKD to buy USD or ZAR, and enjoy 0.66 or 6% respectively. So putting it in USD would yield the most in interest? even ZAR would be higher...

I finding it hard to understand, how the 1 year forward being 6% below current ZAR spot mean that it's worse than USD's current 0.66%, for staters l have no intention of keeping it for a year, perhaps months, then convert to USD for eg. if the pairing doesn't decrease more than 6%, l should be...

I understand it changes everyday, what is the current rate? for the short stock fees in %? specifically, if only had net liquidation of 5k and became short 100 SPY at 225 because of an assigned short call at 225?

How much does your firm charge for the short stock fees in %? specifically, if only had net liquidation of 5k and became short 100 SPY at 225 because of an assigned short call at 225? do you think it is a decent idea to enjoy an ~ 10x higher interest rate in ZAR, then exchanging to USD when...

thanks for making that a bit clearer, so my plan was to exchange my USD excess funds not used in trading, to ZAR and enjoy a much higher rate of interest. 'Note that the interest on ZAR is paid in ZAR, so that interest rate just keeps you slightly worse off than the .66% you'd be getting if you...

so if only had 5000USD net liquidation, the current cost of being short 100 SPY at 225 per annum is called the short stock fee ? and not the borrowing fee, which l was looking at? is IB's short stock fee significantly lower than TastyWorks and TOS?

Commissions and margin costs are a significant factor, as is technology and ease of use. Regarding the costs, can someone tell me how much the brokers TOS, Tasty Works and IB would charge for an account with a net liquidation of 5000USD, and short 100 SPY at $225, per annum? For TOS...