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Broker that pays interest

  • #1
  • First Post: Sep 5, 2008 1:23pm Sep 5, 2008 1:23pm
Hello guys!

I have one question.

If I have an initial $10K fund for my account and I entered a position worth $200, this should still leave me a value of $9800 unrisked balance.

Now my question is, do you know of any broker that would still pay an interest for this unrisked/untraded $9800 balance?

Thanks ma friend!
  • #2
  • Sep 5, 2008 1:55pm Sep 5, 2008 1:55pm
Oanda and Interactive Brokers pay interest on unused margin.
Visit my journal here.
  • #3
  • Sep 5, 2008 2:27pm Sep 5, 2008 2:27pm
That is true, only IB doesn't pay interest on the first 10K of the account - only on funds that exceed 10K. So in his scenario he would not receive interest.
  • #4
  • Sep 6, 2008 5:20am Sep 6, 2008 5:20am
Quoting shrike
That is true, only IB doesn't pay interest on the first 10K of the account - only on funds that exceed 10K. So in his scenario he would not receive interest.
How much then is for Oanda?
  • #5
  • Sep 6, 2008 8:00am Sep 6, 2008 8:00am
http://fxtrade.oanda.com/tools/stati...st_rates.shtml
  • #6
  • Last Post: Sep 8, 2008 6:30am Sep 8, 2008 6:30am
thanks very much guys for your help
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