Originally Posted by
;
Can someone help me confirm something?
I placed a short NZD/JPY a couple of weeks back, in the cash market (that is called a rolling trade when you spread bet, like I am) and has been billed to hold it short, per day. This was with a company called TDWaterhouse.
At the moment, I'm holding a EUR/USD long and becoming charged on a daily basis also although this is with another account - E*Trade.
I suppose every broker has its own rules but I had been under the belief, longs cost you and shorts earnt you interest?
Can anyone clear this up so that I could go to them with a transparent argument?
Thanks for your help,
Tom