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Old Apr 16th, 2012, 10:00 AM   #7
Pippi436
 
 
Join Date: Jun 2006
Posts: 909
Quote:
Quote from trade2live:

IB rollover charges can be a ripoff, last time I checked OANDA had better interest rates.

btw I didn't know you could trade forwards on CME
Yes, still no wholesale rates, but way better than IB anyways.

http://fxtrade.oanda.com/lang/de/ana...est-calculator

P.S. a future is an exchange traded forward, technically..
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Old Apr 16th, 2012, 05:03 PM   #8
Jack_Larkin
 
 
Join Date: Jun 2011
Posts: 600
I wonder where we can find some sort of comparison between brokers on interest rate markup.
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Old Apr 16th, 2012, 05:07 PM   #9
Stok
 
 
Join Date: Sep 2003
Location: Dallas
Posts: 803
While some brokers may offer better rates than others, it the tier levels and the +/- that determine the interest charge. And yes, the interest charge on cash FX is a big business to these brokers. Would love to see a comparison chart that incorporates tier levels so we get a level number.
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Old Apr 16th, 2012, 05:42 PM   #10
Stok
 
 
Join Date: Sep 2003
Location: Dallas
Posts: 803
After looking at ONADA's rates, and it doesn't look like they have tier levels like IB, they are much better than IB. That is my one complaint about IB, is the tier levels for Forex.

Had a thread about this earlier:

http://www.elitetrader.com/vb/showth...hreadid=238580
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Old Apr 16th, 2012, 08:19 PM   #11
blackstormcap
 
 
Join Date: Aug 2011
Posts: 170
Quote:
Quote from twoshepards:

You're not going to beat the liquidity of the CME for FX options: http://www.cmegroup.com/trading/fx/g...xpMonth=201206
for EURCHF, i dont see any liquidity
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Old Apr 17th, 2012, 07:42 PM   #12
blackstormcap
 
 
Join Date: Aug 2011
Posts: 170
switched some EURCHF cash from IB to EURCHF futures..the only downside is the slightly higher margin requirement (liqudity too)
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