mbtrading spot fx

MBT-Steve,

I have a question about the way MB calculate interest on forex positions.

For instance, if I have $100K in my margin account and buy $1M GBP, what will be interest rate debits/credits from holding this position overnight?

Some worked examples of interest rate calculations would be a useful addition to the website.
 
squeeze.....

If long the GBP/USD we pay 0.4%. So you would calc this way....... 1,000,000 x 0.4% /365 = $10.96 per day

Regards,

Steve
 
Quote from MBT-Steve:

squeeze.....

If long the GBP/USD we pay 0.4%. So you would calc this way....... 1,000,000 x 0.4% /365 = $10.96 per day

Regards,

Steve
More...

Where did you pull the 0.4% figure from?
Is this on your website anywhere?
 
Squeeze,

It is in the Navigator. You can put the columns "prem buy" and "prem sell" in any watchlist or position window. That will give you all the rates for the various pairs.

Regards,

Steve
 
When did MB trading partner with EFX group for forex?

FWIW---EFX group is a good forex ecn from what I have heard.
 
toby.........

Unfortunately the UK has a different set of rules which we have to follow. We are currently not approved yet.

Regards,

Steve
 
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