Swaps ! Acceptable? | Forex Factory

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Swaps ! Acceptable?

  • #1
  • First Post: Jul 4, 2007 12:38pm Jul 4, 2007 12:38pm
MIG charges about 10 pips for GBP/JPY interest on short ? And give only 2 pips on long?

Any broker that beat that?
  • #2
  • Edited 1:06pm Jul 4, 2007 1:00pm | Edited 1:06pm
how much you borrow from them ?

fxsol list below

http://forexfactory.com/attachment.p...1&d=1183572282
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  • #3
  • Jul 4, 2007 1:53pm Jul 4, 2007 1:53pm
At Oanda it is 4,55% and -5,30% p.A. - that corresponds to +1,7/-1,9 Pips per day.
  • #4
  • Jul 4, 2007 6:39pm Jul 4, 2007 6:39pm
Quoting shrike
At Oanda it is 4,55% and -5,30% p.A. - that corresponds to +1,7/-1,9 Pips per day.
That is a very fair deal. Very honest broker Shrike.
  • #5
  • Edited 7:00pm Jul 4, 2007 6:47pm | Edited 7:00pm
Quoting styxgroup
how much you borrow from them ?

fxsol list below

http://forexfactory.com/attachment.p...1&d=1183572282
Still can't beat MIG. It is not only Gbp/JPY. Other pairs too. They give extreemly little and charges a lot on swap interest. 400% ! ! difference. Just imagine if you are holding a trade for 3 days.
7 pips on spread, and 27 pips on swap. That is 24 pips deducted on a single short Gbp/JPY.
If one is long for 3 days, the swap is still less than the spread.
  • #6
  • Jul 4, 2007 7:23pm Jul 4, 2007 7:23pm
Just read this. MIG is on their top list

http://www.topforexreview.com/brokers.htm
  • #7
  • Jul 4, 2007 7:49pm Jul 4, 2007 7:49pm
Quoting highway3000
Just read this. MIG is on their top list

http://www.topforexreview.com/brokers.htm
That list is all fuck up, currenex is not a broker and hotspot is an ecn you can't go wrong with that, also did he know cbfx / ifx is the same company, how can 1 be bad and the other be good, btw i made all my fortune from fxsolutions.
If I Go Broke Trying Then I Will die happy.
  • #8
  • Jul 4, 2007 8:07pm Jul 4, 2007 8:07pm
Moe,

Tell me what you think about MIG
  • #9
  • Jul 4, 2007 8:46pm Jul 4, 2007 8:46pm
Quoting Moe
That list is all fuck up, currenex is not a broker and hotspot is an ecn you can't go wrong with that, also did he know cbfx / ifx is the same company, how can 1 be bad and the other be good, btw i made all my fortune from fxsolutions.
Please explain to us what is a broker? So ECN are not brokers? Seems the magazines and newspapers have been using the wrong word. Good to know that.
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  • #10
  • Jul 4, 2007 8:54pm Jul 4, 2007 8:54pm
Quoting Moe
all my fortune from fxsolutions.
I remember a year or two ago, there was a not so positive post/thread. Maybe they tried FXsol during that period. FXsol is a good firm today.
  • #11
  • Jul 4, 2007 9:09pm Jul 4, 2007 9:09pm
Quoting highway3000
Please explain to us what is a broker? So ECN are not brokers? Seems the magazines and newspapers have been using the wrong word. Good to know that.
so you thank currenex is a broker? lets just leave it at that, l.m.a..o
If I Go Broke Trying Then I Will die happy.
  • #12
  • Jul 4, 2007 9:10pm Jul 4, 2007 9:10pm
Quoting highway3000
I remember a year or two ago, there was a not so positive post/thread. Maybe they tried FXsol during that period. FXsol is a good firm today.
yes they or.
If I Go Broke Trying Then I Will die happy.
  • #13
  • Aug 8, 2007 4:54pm Aug 8, 2007 4:54pm
Hey Moe,

What up. I like your style. tell it like it is. check it out I got screwed on my swaps with interbank and I think i need to deal with an institution that will work on commish. put in a long at 10 mill wedsnday swap, went to close out and had a pause for 5 damn seconds then i ate 3 !@$^& pips. swap gone what the Fuuuuuuuuuuuuuuuu.

Any idea?
GREED IS THE ULTIMATE INDICATOR
  • #14
  • Aug 8, 2007 6:04pm Aug 8, 2007 6:04pm
Quoting fxcellent
Hey Moe,

What up. I like your style. tell it like it is. check it out I got screwed on my swaps with interbank and I think i need to deal with an institution that will work on commish. put in a long at 10 mill wedsnday swap, went to close out and had a pause for 5 damn seconds then i ate 3 !@$^& pips. swap gone what the Fuuuuuuuuuuuuuuuu.

Any idea?
little bit more detail's please. was it just bad execution by interbankfx.
If I Go Broke Trying Then I Will die happy.
  • #15
  • Aug 8, 2007 6:07pm Aug 8, 2007 6:07pm
Quoting highway
Moe,

Tell me what you think about MIG
i never dealt with them, but they do have a lot of requote's even on demo.
If I Go Broke Trying Then I Will die happy.
  • #16
  • Aug 8, 2007 6:08pm Aug 8, 2007 6:08pm
fxdd is +25 and -30 i think (not showing atm )

This is of course for 1 full lot
  • #17
  • Aug 8, 2007 6:08pm Aug 8, 2007 6:08pm
Quoting fxcellent
Hey Moe,

What up. I like your style. tell it like it is. check it out I got screwed on my swaps with interbank and I think i need to deal with an institution that will work on commish. put in a long at 10 mill wedsnday swap, went to close out and had a pause for 5 damn seconds then i ate 3 !@$^& pips. swap gone what the Fuuuuuuuuuuuuuuuu.

Any idea?
was you just trying to make the swap?
If I Go Broke Trying Then I Will die happy.
  • #18
  • Aug 9, 2007 9:24am Aug 9, 2007 9:24am
Yeah. It's not that big a deal ( yet ) But I feel like they took advantage. I was thinking to set up a commission account to take advantage of swaps and then a spread account for day 2 day. if they pay swaps they should pay the swap and not come up with some lame tactic to take it. Anyway thanks for the advice...What do you think?
GREED IS THE ULTIMATE INDICATOR
  • #19
  • Aug 9, 2007 10:37am Aug 9, 2007 10:37am
Quoting highway
MIG charges about 10 pips for GBP/JPY interest on short ? And give only 2 pips on long?

Any broker that beat that?
Change your borker BTW... 400% difference between - and + swap, that is reeeeeeally greedy
  • #20
  • Aug 9, 2007 10:57am Aug 9, 2007 10:57am
There seems to be some sort of misconception, the difference in what is being charged/payed for long/short swaps doesnt say anything about them being fair or not.
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