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Major Pair Interest Rate

  • #21
  • Sep 25, 2007 12:50am Sep 25, 2007 12:50am
The attached zip file contains a spreadsheet I put together to display the interest rates paid by Oanda.
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File Type: zip Oanda_Interest_20070924.zip   20 KB | 624 downloads
  • #22
  • Sep 25, 2007 5:33am Sep 25, 2007 5:33am
Quoting hapalkos
The attached zip file contains a spreadsheet I put together to display the interest rates paid by Oanda.
What size contracts are you using to calculate these rates?
Why do you always pay more than you receive?
Why does Oanda calculate rates differently than other brokers?
Does that work in your favor or theirs?
  • #23
  • Sep 25, 2007 1:27pm Sep 25, 2007 1:27pm
Quoting philmcgrew
What size contracts are you using to calculate these rates?
They're the same rates across any position size. Oanda doesn't pad the rate depending on size/margin like some other unscrupulous brokers.

Quote
Why do you always pay more than you receive?
Are you kidding? Have you ever used a bank before?

Quote
Why does Oanda calculate rates differently than other brokers?
Does that work in your favor or theirs?
From my experience, Oanda has some of the best rates in the industry, higher than what IB offers. The 24/7 accrual is a wash, but slightly beneficial to traders vs the normal 17:00ET rollover.
  • #24
  • Sep 25, 2007 1:36pm Sep 25, 2007 1:36pm
Quoting Trader KGB
They're the same rates across any position size. Oanda doesn't pad the rate depending on size/margin like some other unscrupulous brokers.

Are you kidding? Have you ever used a bank before?

From my experience, Oanda has some of the best rates in the industry, higher than what IB offers. The 24/7 accrual is a wash, but slightly beneficial to traders vs the normal 17:00ET rollover.
Yeah, I've been to a bank before and the "rate" was quote as a function of another variable such as time or a sum of money. If someone says the rate is $5 I would like to know in relation to what? $5 per $1000, per $100,000?

I thought it was a series of legitimate, thought provoking questions that would further discussions. Sorry to disappoint you.
  • #25
  • Last Post: Sep 25, 2007 2:02pm Sep 25, 2007 2:02pm
Quoting philmcgrew
I thought it was a series of legitimate, thought provoking questions that would further discussions.
They were, except for the second question..
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