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Swap Rates

  • #1
  • First Post: Sep 25, 2007 11:22pm Sep 25, 2007 11:22pm
I'm sure this has been discussed many times but can we gather side by side comparisons for swap rates on different brokers?

It seems that most of the brokers are hush-hush about the rates.

I want to invest in a specific pair for a REAALY long time (over year and a half). And I am not happy with the swap rates I would get with my current broker.

Thanks in advance I am sure this can turn into a very useful thread for all of us newbies.
  • #2
  • Sep 26, 2007 3:13pm Sep 26, 2007 3:13pm
Quoting charlinks
I'm sure this has been discussed many times but can we gather side by side comparisons for swap rates on different brokers?

It seems that most of the brokers are hush-hush about the rates.

I want to invest in a specific pair for a REAALY long time (over year and a half). And I am not happy with the swap rates I would get with my current broker.

Thanks in advance I am sure this can turn into a very useful thread for all of us newbies.
So is there noone that knows what broker has a better swap?
  • #3
  • Sep 26, 2007 4:05pm Sep 26, 2007 4:05pm
Quoting charlinks
So is there noone that knows what broker has a better swap?
FXDD has the better swap as far as i know but Oanda pays swap hour over hour...

Also better swap doesnt mean it is best for you

For example high positive swap means high negative swap
  • #4
  • Sep 27, 2007 1:27am Sep 27, 2007 1:27am
The firms that are hush-hush about their rates are that way for a reason. It's often because their rates are atrocious, if not completely backwards/fraudulent (i.e. negative swap on carry longs, see Dukascopy and MBT/EFX as the chief perpetrators).

A firm's swap rates should be clearly listed on their website, and it's a shame so few have adhered to integrity of IB and Oanda in this department (both of whom have the most fair rates in the entire retail world).
  • #5
  • Edited 2:55am Sep 27, 2007 2:44am | Edited 2:55am
If you plan on long term, you should also consider the brokers' "longevity".
Heck many traders went to 1World because of the better swaps only to find out that all their trades were negated and "fined" and accused of "taking advantage of the broker". They started with real money and now ended up playing with virtual money (ie, cannot withdraw)!

For medium to long term carry, i would go with FXCM, IBFX. They may suck in execution, but for carry and longevity, they are ok.
  • #6
  • Sep 27, 2007 4:26am Sep 27, 2007 4:26am
Quoting charlinks
I'm sure this has been discussed many times but can we gather side by side comparisons for swap rates on different brokers?

It seems that most of the brokers are hush-hush about the rates.

I want to invest in a specific pair for a REAALY long time (over year and a half). And I am not happy with the swap rates I would get with my current broker.

Thanks in advance I am sure this can turn into a very useful thread for all of us newbies.
Charlinks

I'd agree with BK concerning FXCM, never used IBFX....Swaps are listed right on the trade platform at FXCM. Oanda..swaps will change daily as interest rates are traded.... Oanda pays daily interest on your balance. I've found that many MT4 type brokers pay horrible.
Hope that helps.....
Proper Prior Planning Prevents Piss Poor Performance
  • #7
  • Sep 30, 2008 9:16pm Sep 30, 2008 9:16pm
https://secure.ibfx.com/Tools/SwapRates.aspx

any take on how medium/long term trades from big players will be affected?
Once A Trader Always A Trader.
  • #8
  • Sep 30, 2008 11:09pm Sep 30, 2008 11:09pm
Quoting FxJarhead
Charlinks

I'd agree with BK concerning FXCM, never used IBFX....Swaps are listed right on the trade platform at FXCM. Oanda..swaps will change daily as interest rates are traded.... Oanda pays daily interest on your balance. I've found that many MT4 type brokers pay horrible.
Hope that helps.....
ODL though has very nice swap rates.
  • #9
  • Sep 30, 2008 11:38pm Sep 30, 2008 11:38pm
Quoting Trader KGB
The firms that are hush-hush about their rates are that way for a reason. It's often because their rates are atrocious, if not completely backwards/fraudulent (i.e. negative swap on carry longs, see Dukascopy and MBT/EFX as the chief perpetrators).

A firm's swap rates should be clearly listed on their website, and it's a shame so few have adhered to integrity of IB and Oanda in this department (both of whom have the most fair rates in the entire retail world).
You mean to say if I buy AUD agst USD they will charge me for holding the position ?
  • #10
  • Sep 30, 2008 11:47pm Sep 30, 2008 11:47pm
Due to the recent volatile activity in the worldwide credit markets and the consequent affects this has had at banks and financial institutions, including those that Interbank FX has relationships with; you will notice that the changes in the rates are more volatile than normal.


STANDARD's
pair buy sell
AUD/CAD -12.63 -0.99
AUD/CHF -10.51 -2.63
AUD/JPY -8.89 -4.22
AUD/NZD -24.75 8.73
AUD/USD -12.70 4.00
CHF/JPY 6.78 -16.78
EUR/AUD -17.58 -13.51
EUR/CAD -24.57 0.21
EUR/CHF -20.80 -2.71
EUR/DKK -11.82 -47.31
EUR/GBP -28.58 6.81
EUR/HKD -21.08 0.04
EUR/JPY -17.91 -5.54
EUR/NZD -46.16 17.52
EUR/USD -24.70 9.10
GBP/CHF 2.02 -19.83
GBP/JPY 5.68 -23.41
GBP/NZD -30.02 5.74
GBP/USD -2.90 -4.90
NZD/CHF 5.85 -15.81
NZD/JPY 7.23 -17.16
NZD/USD 4.00 -10.20
USD/CAD 0.09 -6.31
USD/CHF 2.77 -8.39
USD/CZK 0.18 -0.19
USD/DKK 9.15 -40.08
USD/HKD 2.58 -6.44
USD/JPY 4.82 -10.40
USD/MXN -11.74 7.83
USD/PLN 7.47 -11.83
USD/SGD Zero -13.99
USD/ZAR -26.05 18.77

Dose that help?

Quoting charlinks
I'm sure this has been discussed many times but can we gather side by side comparisons for swap rates on different brokers?

It seems that most of the brokers are hush-hush about the rates.

I want to invest in a specific pair for a REAALY long time (over year and a half). And I am not happy with the swap rates I would get with my current broker.

Thanks in advance I am sure this can turn into a very useful thread for all of us newbies.
It's me...
  • #11
  • Oct 1, 2008 12:29am Oct 1, 2008 12:29am
Quoting AgentFx
Due to the recent volatile activity in the worldwide credit markets and the consequent affects this has had at banks and financial institutions, including those that Interbank FX has relationships with; you will notice that the changes in the rates are more volatile than normal.


STANDARD's
pair buy sell
AUD/CAD -12.63 -0.99
AUD/CHF -10.51 -2.63
AUD/JPY -8.89 -4.22
AUD/NZD -24.75 8.73
AUD/USD -12.70 4.00
CHF/JPY 6.78 -16.78
EUR/AUD -17.58 -13.51
EUR/CAD -24.57 0.21
EUR/CHF -20.80 -2.71
EUR/DKK -11.82 -47.31
EUR/GBP -28.58 6.81
EUR/HKD -21.08 0.04
EUR/JPY -17.91 -5.54
EUR/NZD -46.16 17.52
EUR/USD -24.70 9.10
GBP/CHF 2.02 -19.83
GBP/JPY 5.68 -23.41
GBP/NZD -30.02 5.74
GBP/USD -2.90 -4.90
NZD/CHF 5.85 -15.81
NZD/JPY 7.23 -17.16
NZD/USD 4.00 -10.20
USD/CAD 0.09 -6.31
USD/CHF 2.77 -8.39
USD/CZK 0.18 -0.19
USD/DKK 9.15 -40.08
USD/HKD 2.58 -6.44
USD/JPY 4.82 -10.40
USD/MXN -11.74 7.83
USD/PLN 7.47 -11.83
USD/SGD Zero -13.99
USD/ZAR -26.05 18.77

Dose that help?
I think that is a good example of fraudulent rates mentioned by TraderKGB
AUD/JPY -8.89 -4.22
EUR/JPY -17.91 -5.54

How come the swap is better on the side of the pair with the lower interest and horrible on the side of the pair with the highest interest.

I guess it is an attempt, as currencies like AUD and EUR have gone down quite much lately, to avoid traders enters on carry trade at a cheap price on pairs like AUDJPY and EURJPY. It is quite clear if you see the swap for all AUD pairs that they want to forbid you to go long AUD.
Swap rates are defined by the difference on interest of the currencies. The rates for AUD and JPY have not changed in the last few weeks (last move was when AUD was dropped to 7%). The blah blah about volatility is really laughable ! The banks have problem, so you traders should pay !

Fortunately not all brokers are cheating like this and some keep correct swap rates.
  • #12
  • Oct 1, 2008 1:20am Oct 1, 2008 1:20am
This is the "CREDIT CRUNCH" everyone must be talking about.

@ $25.00USD/DAY per standard lot on EURO (which is over 9K annualized x365 days)
factoring in the current value of the Eur/Usd, that's better than a 6% negative swap rate
on one of the worlds most liquid pairs and was positive carry 24 hours ago.

Who's trying to bullshit who ?

Either the broker/banker relationships these firms have are not very good
and doesn't speak well for their ability to provide and maintain good prices
to be passed to clients who chose to trade thru them, or, they're "rolling" you on the rolls.
  • #13
  • Oct 1, 2008 1:24am Oct 1, 2008 1:24am
Quoting toshi
This is the "CREDIT CRUNCH" everyone must be talking about.

@ $25.00USD/DAY per standard lot on EURO (which is over 9K annualized x365 days)
factoring in the current value of the Eur/Usd, that's better than a 6% negative swap rate
on one of the worlds most liquid pairs and was positive carry 24 hours ago.

Who's trying to bullshit who ?
Dollar LIBOR spiked above 6.8% on Monday, enough to send EUR/USD longs into significant negative carry territory (except at brokers that use the FedFunds effective rate like IB).

http://business.timesonline.co.uk/to...cle4856620.ece
  • #14
  • Oct 1, 2008 7:32am Oct 1, 2008 7:32am
Wouldn't mind a positive carry in the short direction, since the main trend on the E/U might change course.
  • #15
  • May 6, 2010 12:39pm May 6, 2010 12:39pm
Some one knows how calculate de swap? and where i can get the values and information of the swaps?
  • #16
  • Jul 8, 2010 11:42pm Jul 8, 2010 11:42pm
Alpari US has much better Swaps than IBFX and MB Trading currently.
If you wish to know the road, inquire of those who have traveled it.
  • #17
  • Jul 9, 2010 10:26am Jul 9, 2010 10:26am
Trading conditions:

narrow fixed spread from 2 points
minimum deposit from 10$
maximum deposit to 1000$
minimum lot for trade 0,01
maximum lot for trade 0,5
flexible leverage from 1:1 to 1:500
12 currency pairs and CFD
margin for locked positions is absent
trading with the help of advisers is allowed
margin-call / stop-out levels 60%/50%

Dear traders, is it good conditions?
  • #18
  • Jul 10, 2010 4:49pm Jul 10, 2010 4:49pm
Quoting CyboRob
Alpari US has much better Swaps than IBFX and MB Trading currently.
Alpari better? I heard that par - bad boys! They have a slip and emissions prices in the chart. They tear the stops!
  • #19
  • Jan 29, 2016 1:19am Jan 29, 2016 1:19am
Anyone knows where I can find the HIGHEST positive swap rates?

For example a trade with ZAR or RUB will have a possibility to earn high daily interest, if in the right direction (Short).

Wich broker offers the highest one?
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