Hello everyone, Please help me to make a list of brokers that let you hedge in the same account. If you know please also post the 1 day cost of the hedge for 1 standard lot GBP/USD. I know 2 brokers: INTERBANKFX Swap rates for 1 standard lot: BUY $-0.4, SELL $+0.3 So the cost of 1 day hedging is $-0.1 PIP-FOREX Overnight holding cost is 2 pip on both the long and the short position: BUY $-20, SELL $-20 So the cost of 1 day hedging for 1 standard lot is $-40
CMS FX will do for 20 cents per lot per night Oanda (When using subaccount) for 4 USD FXCM wil do for around 25 cents List goes on and on, but why hedge, it's better to plain close your trade, hedging will only have you pay more spread and interest, while effect is zero. Hedging is a marketing trick, and most traders I know would just close out existing positions, instead of entering into a new one.
Hello, Thanks for the help! I would like to trade a long and a short term system in one account. Sometimes there will be situations when I am long one system and short the other. So this is why I need hedging. Herringtrader