I am looking to synthetically adjust a portion of my assets out of the USD. I don't want to have much cash tied up because I want to stay in my current investments, so I don't just want to set up cash accounts in other currencies. My job also precludes me from investing in currency futures. My plan is to buy and hold FX using leverage at about 1/100 (to minimize the cash used). For example, if I own $1000 of stock ABC in USD, and then use $10 @ 1/100 leverage to get $1000 exposure to the Euro vs USD, I get stock ABC in Euros. Is this doable from an efficiency standpoint? In other words, fees or carry isn't so exorbitant that you wouldn't earn roughly the same return that interest rate parity would dictate? I don't mind paying transactions fees and maybe a service for providing data, but I don't want to be charged higher than market interest rates. If this is doable, are there any recommendations for the best brokers for these types of transactions? Thx.