I don't think IB is fine for swing trading forex, the way IB works you are losing a lot in interests if holding overnight. They do offer currency futures though.
Looking for Broker for...
- Thread starter walkgently
- Start date
I don't think IB is fine for swing trading forex, the way IB works you are losing a lot in interests if holding overnight. They do offer currency futures though.
Yes sorry Spread, thank you
OP stated he was an equity trader.
The global account offered by IB allows one to trade multiple asset classes, most all global stock exchanges from one account. In addition, with a minimum $100K balance, IB offers Portfolio Margin, which allows flexibility and efficiency.
IB's financial strength, stringent risk management provides a strong sense of security.
All the above far outweighs the minimal interest fee's that may be accrued to me.
As you pointed out, Currency futures are an option as well, they of course have their associated costs. Roll over vs interest...
If a brokerage offers interest free margin, it stands to reason it will make up for it elsewhere.
Currency's are just one of the asset classes that I trade swing/intraday. Interest has never been a concern of mine.
That being said, one would be hard pressed to find a better, safer brokerage.
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$100K balance ?
i dont think i will put that much for now.
but i do like when it stated :
That being said, one would be hard pressed to find a better, safer brokerage.
beside all our investement result, security is a important matter. it related to how we value our investment, putting on twisted company which means we too lazy to find suitable company for our money, as well said we dont put much value upon our investment. threat your investment as your future, surely you investement would taking care of your in the near future.
i dont think i will put that much for now.
but i do like when it stated :
That being said, one would be hard pressed to find a better, safer brokerage.
beside all our investement result, security is a important matter. it related to how we value our investment, putting on twisted company which means we too lazy to find suitable company for our money, as well said we dont put much value upon our investment. threat your investment as your future, surely you investement would taking care of your in the near future.
Hello,
the best thing to do is to look under their skirt, by finding out more about the actual trading costs.
Trading cost is influenced by mainly spread and commissions, but you should also pay attention to swap mark-up and conversion loss. These cost types are less known, however
they can raise your trading cost substantially.
the best thing to do is to look under their skirt, by finding out more about the actual trading costs.
Trading cost is influenced by mainly spread and commissions, but you should also pay attention to swap mark-up and conversion loss. These cost types are less known, however
they can raise your trading cost substantially.
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You say long-term trades? Then first of all check overnight swaps, MC and SO levels, speed of deposit (in case you'll need to support your position with extra margin) of potential candidates. My personal recommendation will be Tickmill (fits all requirements above)
Cheers.
How long have you been trading with Tickmill? Technical or fundamental trading?
Thanks.
that's could be a solid requirement before deciding on long term trading plan. I think the pair/instrument traded should take into consideration too, they had varies swap rate ,eventhough they also provide 15% extra margin added into SO level calculation. major currencies seem to be best option in related to swap rate fee.
What kind of pairs are you planning to trade?
What broker do you want to ask? Here is a good link for you to check:
http://www.myfxbook.com/forex-broker-spreads