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Carry Broker

  • #1
  • First Post: Edited Dec 7, 2009 3:01pm Dec 6, 2009 8:40pm | Edited Dec 7, 2009 3:01pm
What do you guys think is the best broker for low budget carry trades?
Also are there any brokers which allow you to trade RUR or any other high interest pairs withought a large deposit?
The greatest force on earth is compound interest.
  • #2
  • Dec 7, 2009 3:01pm Dec 7, 2009 3:01pm
Anyone?
The greatest force on earth is compound interest.
  • #3
  • Dec 7, 2009 4:11pm Dec 7, 2009 4:11pm
Quoting sebastionay
What do you guys think is the best broker for low budget carry trades?
Also are there any brokers which allow you to trade RUR or any other high interest pairs withought a large deposit?
You might look at Oanda, but the carry trade has been dead for about a year now. With most major currency country's interest rates near zero, carry trades will probably stay a non-issue until interest rates rise significantly again...

With that said, you can trade at Oanda for any amounts, even $1 per trade if you want to. But I still don't know what RUR is; rupee?
  • #4
  • Dec 7, 2009 9:08pm Dec 7, 2009 9:08pm
WHC (brocompany) and UWC have many currency pairs and it looks like they have RUR (Russian Ruble) too.

As for the best broker for low budget, I'd go with ibfx if you want to use MT4.
  • #5
  • Dec 8, 2009 5:59pm Dec 8, 2009 5:59pm
Open up a stock brokerage account, trade ETFs for carry trades. Forex brokers really sc$*# with the rates.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #6
  • Last Post: Dec 9, 2009 10:25pm Dec 9, 2009 10:25pm
Quoting StockKJay
Open up a stock brokerage account, trade ETFs for carry trades. Forex brokers really sc$*# with the rates.
Interesting, who would you recommend to open with?
The greatest force on earth is compound interest.
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