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Pippi436

Registered: Jun 2006
Posts: 841

04-16-12 03:00 PM

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/an...rest-calculator

P.S. a future is an exchange traded forward, technically..

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Jack_Larkin

Registered: Jun 2011
Posts: 490

04-16-12 10:03 PM

I wonder where we can find some sort of comparison between brokers on interest rate markup.

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Stok

Registered: Sep 2003
Posts: 786

04-16-12 10:07 PM

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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Stok

Registered: Sep 2003
Posts: 786

04-16-12 10:42 PM

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/showt...threadid=238580

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blackstormcap

Registered: Aug 2011
Posts: 170

04-17-12 01:19 AM

Quote from twoshepards:

You're not going to beat the liquidity of the CME for FX options: http://www.cmegroup.com/trading/fx/...expMonth=201206

for EURCHF, i dont see any liquidity

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blackstormcap

Registered: Aug 2011
Posts: 170

04-18-12 12:42 AM

switched some EURCHF cash from IB to EURCHF futures..the only downside is the slightly higher margin requirement (liqudity too)

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