Discussion in 'Forex Trading' started by VoodooMMI, Aug 28, 2009.
What has your experience been regarding the FX rollover rates you have received from your broker?
They will crush you. FCMs can roll/covert the exposure at any time then assign to you the worst possible price of the day. Anything within the days range. They pocket the differential. This can be a sizeable chunk of change when you net the FCM company wide exposure from all of their customers.
Another reason to trade forex through IB or a broker that makes the rollover purely a financing issue. With IB, there is no rollover. Just interest earned/charged based on your cash position in each currency at 5pm Eastern Time.
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