Anyone trading Currenex via MAN Singapore ?

Joerg:

Would you happen to know if Man Singapore pays credit interest on Currenex account balances which are:

(1) not used for margin purposes, or

(2) used for margin purposes toward open positions

and, if so, at what respective rates (tiered, presumably?
 
Quote from risk1:

Joerg:

Would you happen to know if Man Singapore pays credit interest on Currenex account balances which are:

(1) not used for margin purposes, or

(2) used for margin purposes toward open positions

and, if so, at what respective rates (tiered, presumably?
More...

Sorry to say,

I actually have not ask, assuming somehow standard rates.

Why?
Well, I must say, that I really do not care for interst rate, due to its its neglegtible compared to the result of trading.

I am currently (and will continue parallel to CNX) with Interactive Broker. Everybody is crying about their bad rates and complex calculation (which is not, icf you learnt your math).
As sombody trading 500 Mio a month with them also overnigt position I really cannot understand the duiscussion.
My trading return is normally 20-50 times the interst I have to pay.

If I want to get income from interest I would carry my money to a bank, not to a broker.

So assuming MAN could not be worser than IB, and beeing able to comfortable live with IB rate and calculation I must say, I really don't care.

Sorry
Joerg
 
Quote from JLarsen:

I got a (non funded) live access in order to get a more realistic view.
EUR/GBP 0-1pip
GBP/CHF 3-5 pip
AUD/NDZ 5 pip (almost constant)

Joerg
More...

Hi Joerg

That sounds good.
I hope you don't mind me asking a couple of questions-

Do you have any other spread examples? GBPJPY, AUDJPY, EURCHF etc?

What leverage do they offer?

TIA

dev
 
Quote from dev:

Hi Joerg

That sounds good.
I hope you don't mind me asking a couple of questions-

Do you have any other spread examples? GBPJPY, AUDJPY, EURCHF etc?

What leverage do they offer?

TIA

dev
More...

Hi,

Margin is 2%, min account size 100k$.

Spreads in
EURCHF: 1-2 pips
AUDJPY 2 pips
GBPJPY 3-4 pips

Joerg
 
Quote from JLarsen:

Hi,

Margin is 2%, min account size 100k$.

Spreads in
EURCHF: 1-2 pips
AUDJPY 2 pips
GBPJPY 3-4 pips

Joerg
More...

Thanks Joerg

I have now got the same (live, not funded) demo as you - looks pretty good, although they quoted me 1 pip round turn on $750mio monthly.

I have yet to ask further about API trading, as I am automated too via Tradestation 2000i.

I also notice under the 'help' button, they link to www.refcofx.com, I'm wondering what relationship is between the two?

I'm also hoping they can provide some intraday historical data to have a look at my strategies on, before I sign on the dotted line.

Anyway, thanks for the heads up Joerg. :)
I've sent some questions off, will see what reply I get.

Good trading.
 
Quote from dev:


I have now got the same (live, not funded) demo as you - looks pretty good, although they quoted me 1 pip round turn on $750mio monthly.
More...

> 1000 Mio/Month 0.6 pip (0.3 per side) should be possible.
 
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