Saxo vs FXCM vs Oanda

G

gfrank

I'd appreciate anyone's impressions on how these three retail FX brokers stack up. Main feature I'm after is to trade wide carry spreads, in 'exotic' currencies - eg. TRY, ZAR, BRL against JPY, CNY, SGD. Mostly trade only in spot mkt.
Thanks
 
Any comments on where one can find the best interest rates payable on carry trades? I've noticed bid-ask spreads on THB interest as wide as 6%-21%.
 
I have no experience with Saxo. Comparing FXCM and Oanda, FXCM has better rollover rates with lower margin requirements but only deals in major currencies.
 
Quote from Ivanovich:

I wouldn't go near Saxo with a 10 foot pole after listening to Chood.
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I indeed had a very bad experience with Saxo, and I have a very bad opinion of it as a result. Others also have not fared well with Saxo, if the broker review page of ET is an accurate measure.
 
Quote from gfrank:

Any comments on where one can find the best interest rates payable on carry trades? I've noticed bid-ask spreads on THB interest as wide as 6%-21%.
More...

try goldenmoneytree forum there isa lot of discussion there on carry trade and hedge trades....
 
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