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Which broker offers the highest swap? 2 replies

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Which broker offers highest swap rates?

  • Post #1
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  • First Post: Oct 5, 2006 9:03am Oct 5, 2006 9:03am
Which broker offers highest swap rates?

I prefer one that can offer high leverage as well.
Quoting BurgerKing
Which broker offers highest swap rates?

I prefer one that can offer high leverage as well.
I heard SAXO is the best.....
Fxdd?
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  • Post #4
  • Quote
  • Edited 6:27pm Mar 26, 2007 2:31pm | Edited 6:27pm
Hello,
can we make a little list of swap rates? So to have an overview which broker has temporarily the highest swap rates / pays the biggest interest to us.
Would be nice.

i start with: fxcm.com
Attached Image


Inserted Code
http://www.alpari-idc.com/en/swap-points.html
Symbol      Long            Short 
EURUSD      0.840 pips    0.410 pips 
USDCHF     -0.910 pips     -1.290 pips 
GBPUSD      0.270 pips   -0.320 pips 
USDJPY     -1.290 pips     -1.660 pips 
AUDUSD     -0.080 pips     -0.310 pips 
USDCAD     -0.170 pips     -0.520 pips 
EURCHF     -0.420 pips     -0.970 pips 
EURJPY     -0.940 pips     -1.480 pips 
EURGBP      0.440 pips    0.220 pips 
GBPJPY     -2.560 pips     -3.290 pips 
GBPCHF     -1.820 pips     -2.570 pips 
EURCAD      0.530 pips    0.020 pips 
EURAUD      1.490 pips      0.930 pips 
NZDUSD     -0.280 pips     -0.490 pips 
USDSGD     -0.720 pips     -1.210 pips 
CHFJPY     -0.170 pips     -0.490 pips
Attached Image
cmsfx Capital Market Services

Attached Image
Example for long GBP/JPY:

Cms Capital Market Services, LLC
GBP/JPY 26,1 USD/1 lot

dbFX Deutsche Bank AG
GBP/JPY 23,19 USD/1 lot

Interbank FX
GBP/JPY 22,55 USD/1 lot

alpari
GBPJPY ca, 21,05 USD/1 lot

FXCM Forex Capital Markets
GBP/JPY ca. 16,83 USD/1 lot

Please verify if i did a right calculation, of the swap points!
Quoting tobl
Example for long GBP/JPY:

Cms Capital Market Services, LLC
GBP/JPY 26,1 USD/1 lot

dbFX Deutsche Bank AG
GBP/JPY 23,19 USD/1 lot

Interbank FX
GBP/JPY 22,55 USD/1 lot

alpari
GBPJPY ca, 21,05 USD/1 lot

FXCM Forex Capital Markets
GBP/JPY ca. 16,83 USD/1 lot

Please verify if i did a right calculation, of the swap points!
FXDD gives about USD 24 - 24.20 per lot for long GBP/JPY (varies daily).
Tra-X
Quoting tobl
Hello,
can we make a little list of swap rates? So to have an overview which broker has temporarily the highest swap rates / pays the biggest interest to us.
Would be nice.

i start with: fxcm.com
Attachment 26818

Inserted Code
http://www.alpari-idc.com/en/swap-points.html
Symbol      Long            Short 
EURUSD      0.840 pips    0.410 pips 
USDCHF     -0.910 pips     -1.290 pips 
GBPUSD      0.270 pips   -0.320 pips 
USDJPY     -1.290 pips     -1.660 pips 
AUDUSD     -0.080 pips     -0.310 pips 
USDCAD     -0.170 pips     -0.520 pips 
EURCHF     -0.420 pips     -0.970 pips 
EURJPY     -0.940 pips     -1.480 pips 
EURGBP      0.440 pips    0.220 pips 
GBPJPY     -2.560 pips     -3.290 pips 
GBPCHF     -1.820 pips     -2.570 pips 
EURCAD      0.530 pips    0.020 pips 
EURAUD      1.490 pips      0.930 pips 
NZDUSD     -0.280 pips     -0.490 pips 
USDSGD     -0.720 pips     -1.210 pips 
CHFJPY     -0.170 pips     -0.490 pips
Attachment 26836
the screenshot of the fxcm rates you have seems off. i have an account and in relative terms the rolls are higher. i'm not sure if they vary rolls depending on account type or balance though.what type of account do you have and is that a US Dollar based account?
does anyone know of ecn(other than interbank listed above) or institutional accts with good swap rates?
i have an email in to the "ecn swiss broker", but haven't heard from them
Bring It...
I noticed in the above swap rate comparison that dbFX's rate for GBP/USD is showing a negative swap for buying while all the others offer a positive roll. Is this correct??

..................................Intr Sell Intr Buy
dbFX Deutsche Bank AG .......0.25 -2.26

Cms Capital Market Services -0.60 0.40

FXCM Forex Capital Markets -0.05 0.03
notice that some broker gives better swap for some currency pair but not for the other
I have a list of oandas current swap and interestrates. AFAIK they are one of the best in this regard. Its in the common format of % per year with daily compounding tho, and not in pips per lot per day like in your comparison. I can post it if someones interested.
  • Post #13
  • Quote
  • Edited 6:45pm Nov 7, 2007 7:56am | Edited 6:45pm
This thread has been quiet for a while, but i think the question can be better answered by doing a comparison of the same pairs across brokers on the same day. I have taken those with 4 stars from forexbastards.com and looked at GBPJPY and NZDJPY for Tuesday 6th November, 2007.
Someone else might like to take another set of brokers and compare their rates, and this question might be narrowed down at bit better.
Another way to do this is to take the same brokers and take some other pairs and see if the comparitive value of broker's rates stand up across other pairs. Edited: The Hotspotfx numbers were emailed to me after one of the UK employees dug around the backoffice to find them. His other offer was to use the US version of their platform and do a calculation from the pairs there. With MB Trading, if you put all the pairs in your Watchlist, you can see all the swaps without having to have a open trade to see it-if you insert the columns "Buy Prem," and "Sell Prem"; that is, if you are working with your live account. This means you do not have to switch out of your live account to demo to see the swaps, if you have open trades there.
Attached Image (click to enlarge)
Click to Enlarge Name: brokers comparison.png Size: 33 KB
FrankieB
Quoting Frank Basten
This thread has been quiet for a while, but i think the question can be better answered by doing a comparison of the same pairs across brokers on the same day. I have taken those with 4 stars from forexbastards.com and looked at GBPJPY and NZDJPY for Tuesday 6th November, 2007.
Someone else might like to take another set of brokers and compare their rates, and this question might be narrowed down at bit better.
Another way to do this is to take the same brokers and take some other pairs and see if the comparitive value of broker's rates stand up across other pairs. Edited: The Hotspotfx numbers were emailed to me after one of the UK employees dug around the backoffice to find them. His other offer was to use the US version of their platform and do a calculation from the pairs there. With MB Trading, if you put all the pairs in your Watchlist, you can see all the swaps without having to have a open trade to see it-if you insert the columns "Buy Prem," and "Sell Prem"; that is, if you are working with your live account. This means you do not have to switch out of your live account to demo to see the swaps, if you have open trades there.
I get a negative swap rate from Saxo for the NZD/JPY and I cannot figure out why...should that not be heavily positive?
Quoting candaguy2007
I get a negative swap rate from Saxo for the NZD/JPY and I cannot figure out why...should that not be heavily positive?
I recently started a thread on this same topic...below is link if you want to check it out; may be helpful. Only 13 replies I think so not a long read...

http://www.forexfactory.com/showthread.php?t=63411
Here the current Swap Rates for IBFX:

https://secure.ibfx.com/Tools/SwapRates.aspx
Forex is a losers game.
Hello-

I am interested in re-visiting this thread.

Can anyone recommend a broker who pays exceptionally well?

I know FXCM is meant to pay well, and Saxo, and Oanda pays by the second, but which broker pays the most?


-PB
Is here anyone who is really interested in swap based strategies? Maybe we can help to each other. So if there were one who had some kind of swap rates historical chart from one or more brokers, or at least methodology how to built this sort of things, well it would be really nice when he would post that here

Maybe that statistics already exists and is posted somewhere on this forum, who knows.. or better to say: who knows?
ok, i have a question about hedghing, the questions might be dumb but i want to know answers lol.

so...
1) how long do you have to have a trade for the swap rate to be applied? all day? for example will swap rate be applied if buy right before the end of the day? for example: if day ends at 1700, i buy a pair at 1655, and sell it at 1705, will the swap be applied to my trade?
next question:
2) if I buy and sell a pair at the same price so that they offset each other in order to protect my account. lets say broker pays 10 for long and charges 15 for short for that pair, can I close my short position 5 min before the end of the day and carry my long to the next and close it 5 min into the next day? So this way my risk equals the width of the spread.

Let me know what do you guys think

Thanks.

PipBoy
PipBoy3000:

1) swap will be paid/charged, if you carry the position from one trading day to an other, no matter how long you hold the position
2) you can do that, if you close the position before the end of the trading day and reopen it next trading day no swap will be paid/charged

+something interesting: some brokers pay/charge triple SWAP on specific days of the week
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