Hello there,
I'd like to confirm a few points:
1) What is the type of FX trading offered by your platform? Do you guys really offer Forex (Spot Market) or CFD of Forex?
2) What (type of) Forex price feed do you use? From which sources?
3) Couldn't figure out (find) your financing rates (daily or yearly) for FX pairs. Would you mind revealing that info in a more simpler way (i.e. rates per day, per month, per year)?
BTW competitors usually use something near the LIBOR/LIBID → rates that don't make it prohibitive for swing and position FX traders to operate...
Hello Financisto,
- Our FX and Metals is real spot and our indices and some commodities are CFD.
- Our price is not a single feed so to speak, we STP via Prime of Prime setup that is an aggregate trade/price from a pool of LPs. If you want to learn more about prime of prime please look here as an example
http://www.markets.saxo/solutions/prime-brokerage .
- Here's our swap rates and they are updated daily
https://evolve.markets/trading/swap/ . The charge is per day and each amount is per 100k in volume ( 1 lot in mt4).
As an example our EURUSD swap is now LONG 1.96516, SHORT -6.78874 . The margin currency of EURUSD is EURO so its 1.96516 EUR per 100k as the fee/ day . So if you hold 1 lot of ERUUSD long for 1 day it will charge you $1.96516 EUR and convert this to BITS then debit it from your account. The rates we use are taken from Bloomberg then crossed with our LP provider and updated daily.
Regards,
Evolve