Hello,
I have an account with a broker that is actually an IB of ODL securities, and they couldn't explain to me much about how swap is being calculated.
I have searched different threads on the forum and I found 2 of them discussing the brokers that pay the largest swap. There were quotes of something like $20+ per 1 standard lot per day in GBP/JPY.. from the discussion that I had with the customer representative it turned out that if I buy 1 lot (100 000 units) I will get 5 JPY, which is less than $0,6..
If anyone could shed some light here, it would be much appreciated. Here is the contract information from their MT4 platform:
http://screencast.com/t/YmFmYjc0YWMt
Thanks so much!
I have an account with a broker that is actually an IB of ODL securities, and they couldn't explain to me much about how swap is being calculated.
I have searched different threads on the forum and I found 2 of them discussing the brokers that pay the largest swap. There were quotes of something like $20+ per 1 standard lot per day in GBP/JPY.. from the discussion that I had with the customer representative it turned out that if I buy 1 lot (100 000 units) I will get 5 JPY, which is less than $0,6..
If anyone could shed some light here, it would be much appreciated. Here is the contract information from their MT4 platform:
http://screencast.com/t/YmFmYjc0YWMt
Thanks so much!