No interests

[Tomasz.G]

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

 

[gc1]

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.

 

[Martinghoul]

Why would any SB firm sell you this option? It would be suicidal...

 

[DeusExMachina]

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.

 

[Vorbis]

Just to let you know, there is no charge for holding a Futures contract position at ProSpreads

Isn't that always the case with futures? I assumed it was the same with every firm.

 

[Martinghoul]

Huh? If they start charging for the roll on futures, that would be sumptin'...

 

[DashRiprock]

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.

 

[Vorbis]

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.

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.

 

[Hoggums]

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.

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.

 

[tar]

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.

Unlike Onada Capitalspreads has 2% premium charge ...

 

[gc1]

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.

 

[6am]

You won't find a single SB firm that charges no interest unless you can find one that allows you to trade WITHOUT leverage.

I believe it is possible to open position without leverage at cmcmarkets.

 

[tar]

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.

Oanda doesnt have 2% markup ...