Carry Trade Interest Differential Consistent among brokers?

V

virtualmoney

What brokers follow closest to central bank interest
rates differential? Which are the ones are better for
carry trades (w.r.t /JPY)?

How often do the swap points change?

Anyone here uses pairs/spread trade strategy
between baskets of FX pairs?
 
You will find that many/most FX brokers do not even publish their overnight swap rates, and there is a reason for that. In many/most cases, their overnight swap rates are atrocious.

I can't say I'm speaking about the dealing desk brokers, because if you're willing to pay a 3 pip spread on eur/usd, you deserve to be ripped off on overnight swaps.

The "almost ECNs" such as EFX/MBT, Dukascopy, and a couple others are typically the worst, as they have to make concessions with the banks in order for the banks to allow mini-lots on 1 pip spreads. By concessions, I mean charging interest on short yen carry positions. How does -3.2% sound on NZD/JPY long? It's true.

The two retail outfits with the best rates that I've come across are IB and Oanda. Though IB takes the win for their ECN environment.

I trade via Currenex through a prime broker, where the rates are based upon the tom. next rate.
 
Thanks for the info.

I have an acct with IB and I
checked IB website but couldn't find
the swap rates for Yen pairs.../JPY

Anyone have FXCM acct,how is their
swap rates for YEN pairs?
 
If there are no interest/swap free FX brokers,
can anyone recommend one which offers the
lowest short Swap rate for major carry trade pairs....

e.g, GBP/JPY, GBP/CHF, NZD/JPY, AUD/JPY,... etc
 
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