Help me to make a list of brokers that allow hedging in the same account!

Discussion in 'Forex Brokers' started by herringtrader, May 10, 2007.

  1. 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:


    Swap rates for 1 standard lot: BUY $-0.4, SELL $+0.3
    So the cost of 1 day hedging is $-0.1


    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
  2. Cybren


    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.
  3. 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.

  4. Any other brokers to add to my list?