Does Oanda charge for carry over trades?

I read this somewhere but can't find it on Oanda's site. If they charge how much. I often have positiions open for 2 and 3 days. I had figured that since Oanda pays second by second interest they would be a good choice for me.

What is your feedback on my situation?

Thanks,
Jackie

Oanda pays you interest two ways.

1. Simply for having an account with them and not trading you get interest on your account balance.

2. Depending which pair you trade and whether you are long or short, you will get carry interest added or subtracted for your open positions.

I have not looked for the place where Oanda shows these rates since I use FXCM and CMSVT and those interest rates on holding trades are posted there.

Lou

Here's Oanda's rate calculator:

http://www.oanda.com/products/fxmath/interest.shtml

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