Hello
Can There Be Some Forex, or Futures Broker that offers a Leverage of 1:1? I am asking because at that leverage, there would be no overnight fees since no money will be borrowed by the broker.
Hello
Can There Be Some Forex, or Futures Broker that offers a Leverage of 1:1? I am asking because at that leverage, there would be no overnight fees since no money will be borrowed by the broker.
Get a no exchange broker or a Muslim friendly broker that charges no attention
The no-swap accounts have a commision charge that is hefty. Swap or no-swap does not matter for your situation.
You may always gear down to 1:1 leverage. Just take your balance and then divide it by your own unit number of $100,000 for a standard or $10,000 to get a mini or $1,000 to get a micro account. Therefore, in the event that you want a 1:1 leverage to say that a mini account, and you have $5000 in your account, you'd:
$5000 / $10000 = 0.5 lots. This is 1:1. You are controlling $5000 in currency with your $5000 margin account. How ever much the maximum your broker will provide you enjoy 100:1 or even 500: 1 isn't relevant.
Concerning the interest, your broker isn't charging the interest on money borrowed from them so much as they're charging the interest differential between the two currencies you're trading. You are buying one and selling the other and the interest rates of the two countries could differ. Additionally, your broker will probably tack on some vigorish to use a gaming term.