Interactive Brokers SWAP Charges??

B

benysl

Hi

does anybody where can I find out the information on the Interactive Brokers swap charges?

Example.
If I long/short a gbp.usd how much interest do I have to pay/receive per day?

If I long/short a usd.chf how much interest do I have to pay/receive per day?


I have ask several Interactive brokers staff but most of them don't seem to have any information
 
Quote from gwac:

Use futures they rip you off on the interest charged and
interest paid. They do not do swaps. They have
found a more interesting way so that they can make lots
of $$$$$$$.
More...

Hmmm... This is how they provide TWS for free, in addition to weird min interest charge.

Although the website indicates the min is $2.50 or USD Equivalent, that is not true. For some weird reasons, IB tends to charge more for all other currencies. For example, the min for GBP is charged more than US$0.35 per trade [the min commission is GBP1.5 (about US$2.85)]. I don't think $2.85 and $2.5 can be deemed as an equivalent!

Even if you ask the staff, most still don't know about it. You can know only when you receive your account statement.

Finally this is the real min commission list (you cannot find it on IB website) at the best of my knowledge. I figured it out all the hard way.
Currency===Min commission
AUD 3.5
CAD 3.5 (<-- That's crazy! It is equal to US$3.17)
CHF 3
EUR 2
GBP 1.5
HKD 20
JPY 250
MXN 25
SEK 20
USD 2.5
 
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