switched some EURCHF cash from IB to EURCHF futures..the only downside is the slightly higher margin requirement (liqudity too)
long 1.5mil EURCHF for about 2 weeks and got charged 800USD..from a supposedly positive carry to negative carry..will never hold FX overnight using IB. total ripoff
You should have checked out the carrying cost before you put on the position. All retail shops earn money by giving you inferior interests, and IB is no exception. If you intend to hold your position long term, what didn't you go with futures in the first place. Futures always give you the fairest overnight rollover rates. And I'm pretty sure the better rates you get with futures would more than compensate the liquidity issue.
This is what I was thinking. isn't a Forward against what the exchange stands for? standardized contracts? RG
if EUR/CHF futures aren' t very liquid , I would not touch it in this pair, although you are on the long side ...