No interests

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Tomasz.G

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Hi,

I’m looking for a SB firm that does not charge/give the interests and also does not have any other costs for holding a position, like some number of pips for holding overnight etc

If you know of a place like that please let me know.

Tom
 
I'm sure there won't be any. If they offered this then customers would only use the daily rolling bets and not the futures bets on which the SB firms can charge a wider spread.
 
Just to let you know, there is no charge for holding a Futures contract position at ProSpreads (this includes Indices, FX, Commodities, Interest Rate products, etc). No financing or rolling charges for holding overnight. One of the many reasons I use them.
 
oanda are ok i think they at least pay you carry when you are earning it and charge when you when you are payiing it.
 
DashRiprock said:
oanda are ok i think they at least pay you carry when you are earning it and charge when you when you are payiing it.
Click to expand...

If I understand you right, Capital Spreads does the same. Here's a little calculator I made to work it out, if anyone is interested. You need to keep the I.R.'s up to date and adjust the current price to tweak accuracy.

Not much on offer at the moment, unless you go long Aussie.

I ought to add that the colours have been added manually so don't change automatically and I haven't adjusted prices for a while so Aussie is even better than it first looks.
 

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DeusExMachina said:
Just to let you know, there is no charge for holding a Futures contract position at ProSpreads (this includes Indices, FX, Commodities, Interest Rate products, etc). No financing or rolling charges for holding overnight. One of the many reasons I use them.
Click to expand...


Er yes there is - the charge is priced into the future which will gradually move towards the rolling cash up to expiry.

SB'ing is a leveraged product - i.e. you are borrowing money to put your position on - so you have to pay interest on the money you've effectively borrowed.

You won't find a single SB firm that charges no interest unless you can find one that allows you to trade WITHOUT leverage.
 
Vorbis said:
If I understand you right, Capital Spreads does the same. Here's a little calculator I made to work it out, if anyone is interested. You need to keep the I.R.'s up to date and adjust the current price to tweak accuracy.

Not much on offer at the moment, unless you go long Aussie.

I ought to add that the colours have been added manually so don't change automatically and I haven't adjusted prices for a while so Aussie is even better than it first looks.
Click to expand...

Unlike Onada Capitalspreads has 2% premium charge ...
 
I think 2% mark-up is fairly standard across the industry. Most customers probably don't realise that if they hold say a £/$ rolling daily bet position over the weekend (Friday, Saturday, Sunday) it nearly doubles their dealing cost.
 
Hoggums said:
You won't find a single SB firm that charges no interest unless you can find one that allows you to trade WITHOUT leverage.
Click to expand...
I believe it is possible to open position without leverage at cmcmarkets.
 
gc1 said:
I think 2% mark-up is fairly standard across the industry. Most customers probably don't realise that if they hold say a £/$ rolling daily bet position over the weekend (Friday, Saturday, Sunday) it nearly doubles their dealing cost.
Click to expand...

Oanda doesnt have 2% markup ...
 
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