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

  • Post #1
  • Quote
  • First Post: Edited May 11, 2007 12:11am May 10, 2007 11:56pm | Edited May 11, 2007 12:11am
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
I'm pretty sure that you can with fxsolutions................
How about hedging with FX futures? Why pay a broker interest rate spread if you don't have to..
i think all mt4 enabled brokers allow hedge... with same currency

- fxdd
- fastbrokers
- pfgfx

so far are the ones i know...i'll confirm the rate probably later
Yes FX Solutions allow hedging.
ODL
FXCM

theoretically if both your orders have stops and limits you can hedge on any platform cause I do this all the time on Currenex
All MT4 brokers allow hedging that I know of. I can't think of a single instance where it isn't allowed

FX solutions does

FXCM does

Quoting herringtrader
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
Fx Solutions (no MT4):
http://www.fxsol.com/

and

Fastbrokers (MT4):
http://www.fastbrokersfx.com/

they both allow hedging.
Fastbrokers has also a very good spread amount.

Bye.
Thanks for the help! I have found the list on this forum of all the MT4 brokers!

If anyone could add a not MT4 broker to my list, I would really appreciate it!

Herringtrader
CMSfx's software has a hedgebutton. So you can position long and short on the same pair.
North Finance.
They just changed the swap values on GBPUSD (inverted) after BOE rate hike.
Long = +0,04
Short = -0.27
Overnight hedge cost = -0.23
  • Post #12
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  • Last Post: May 16, 2007 2:22pm May 16, 2007 2:22pm
Quoting Trader KGB
How about hedging with FX futures? Why pay a broker interest rate spread if you don't have to..
...or better yet, use the "anti-hedging" strategy.

Hedging is just hiding your losses instead of cutting them short, and you just wind up paying interest and more commissions... why not just cut your losses? Or if for some really good reason you know the market will turn around at some point, reduce leverage by cutting the position in half.
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