Had a question about Volume Commission with an ECN.
On my Demo I purchased 50 lots yesterday and Vol-Cos was $185.69
It rolled over today and Vol-Cos for today was $92.76
There was also a swap fee of $150 which I understand gets charged daily.
I'm still learning, but I thought Commission is only charged when you
place and order and when you sell it again, not everyday? Any thoughts?
The daily swap fee is a little confusing to me too still as I thought that the charge
would be the interest difference between the currency pairs, yet I was charged
50% more. Is that the way it is generally?
On my Demo I purchased 50 lots yesterday and Vol-Cos was $185.69
It rolled over today and Vol-Cos for today was $92.76
There was also a swap fee of $150 which I understand gets charged daily.
I'm still learning, but I thought Commission is only charged when you
place and order and when you sell it again, not everyday? Any thoughts?
The daily swap fee is a little confusing to me too still as I thought that the charge
would be the interest difference between the currency pairs, yet I was charged
50% more. Is that the way it is generally?