Are there any hungry forex brokers out there, willing to forego charging interest on the swap? Are there, I heard there are....
Who are they?
Liz
Who are they?
Liz
Brokers and Rebates on these brokers? 20 replies
Interest free brokers (for non-muslim) 13 replies
roll over free brokers (does NOT pay interest) 16 replies
Interest free FX Brokers info. 4 replies
Brokers offering interest free account 5 replies
DislikedAre there any hungry forex brokers out there, willing to forego charging interest on the swap? Are there, I heard there are....
Who are they?
LizIgnored
DislikedIgnored
DislikedI dont think its a good idea to do the carry trade hedge, It is abuse really.Ignored
DislikedWell.. Because the interest free side has to be paid by someone... the extra commission would not cover the interest costs. It would not be so bad I guess if you did some trades on the interest free account as well, so the broker was making something. Essentially someone else is paying for your rollover. Requesting a swap free account then just opening a long term short on a pair with a big rate differential like NZD/JPY is just abuse to me.. Many brokers will ask you to stop it if you try it. Its different for gbp/usd as the rate differential is small.
I dont see it as being similar to "stoozing" which is the interest free credit card loan you mentioned... That is actually becoming increasingly difficult at least over here due to the balance transfer fee. Also, in this instance the CC company are hoping to gain you will stay with them after the interest free period is over. Fair enough if you dont agree.. they are only my thoughts..Ignored
DislikedI dont think its a good idea to do the carry trade hedge, It is abuse really.Ignored
DislikedHey PeterM, if it makes you feel any better, the carry trade hedge is actually what all the Major Banks & financial institutions do.... And the best part is they use your Money to do it!!!.. And with regards to the O% balance tranfers on the credit cards, there are some folk making $5 - 10k a year just doing that..Ignored