Is anyone aware of any good reputation SEK/JPY broker that is controlled by some institutions and is not registered in Cyprus or similar scam brokers/bucket shops countries?
"Everyone gets what they want out of the market."
-- Ed Seykota
Joined Jan 2010
|
Status: cash is a position too
|958 Posts
If your trading strategy doesn't put any limits on you then you can always try a synthetic position. Say you want to buy SEKJPY for the swap, then you'd have to buy USDJPY and sell USDSEK. The USD positions cancel each other out and you'll be left with a SEK long and a JPY short. Of course, doing a synthetic position might limit you ability to earn swap income.
If your trading strategy doesn't put any limits on you then you can always try a synthetic position. Say you want to buy SEKJPY for the swap, then you'd have to buy USDJPY and sell USDSEK. The USD positions cancel each other out and you'll be left with a SEK long and a JPY short. Of course, doing a synthetic position might limit you ability to earn swap income.
Ignored
That's a good suggestion, I was planning to do so, but would love to collect swap + currency appreciation.
Thanks a lot for suggestions, appreciate your time, guys.
"Everyone gets what they want out of the market."
-- Ed Seykota
Won't drop my money there, all those negative reviews + $75 monthly fees for inactivity are ludicrous.
Ignored
Hi V4X,
I think there may be some confusion about our inactivity fees here at GFT, so I’m hoping this will help to clarify: If no trading has occurred for a period of 60 or more days (and each 30 day period thereafter), there will, in fact, be an inactivity fee, but it is only $50, not $75. Activity includes opening, closing, or maintaining a position. However, the inactivity fee can be very easily avoided altogether, or even recovered if charged. To avoid it completely, simply place at least one trade every 60 days; any size, any currency pair. Or if you know you won’t be placing any trades for an extended period of time, simply let us know. We can place your account in “hibernation mode” for as long as you like. While your account is in “hibernation mode”, no inactivity fees will be charged, and there is no fee for placing it in hibernation. Once you are ready to start trading again, contact us and we will take it out of hibernation. Let’s assume for a second though that you forgot to place it in “hibernation mode”, and you haven’t had any trades for 65 days. On the 60th day, you would be charged $50 for inactivity; but you can get it back! If you trade after you have received an inactivity fee, then all you need to do is contact us and let us know that you placed a trade and we would refund the $50 back to your account. For more clarification, you can see our complete fee schedule here. Let us know if you have further questions.
I think there may be some confusion about our inactivity fees here at GFT, so I’m hoping this will help to clarify:
[size=3][font=Calibri]If no trading has occurred for a period of 60 or more days (and each 30 day period thereafter), there will, in fact, be an inactivity fee, but it is only $50, not $75. Activity includes opening, closing, or maintaining a position....
Ignored
Hi, thanks for an explanation.
So if I open a position trade for a year or two and never sign in to that account again, you won't charge me anything, right?
"Everyone gets what they want out of the market."
-- Ed Seykota
