Yes. Everything you do in your forex trading account is a transaction between you and your broker. That’s why the CFTC insists on calling them “counter-parties” and “dealers”, but not “brokers”.
When you “buy”, your broker is “selling” to you. And when you collect (or pay) an overnight interest charge on an open position, you collect (or pay) the interest rate your broker chooses to set.
When the “carry” is positive, you can be sure that your broker is offering you a lot less than he is collecting on your overnight position; and when the “carry” is negative, you can be sure that your broker is charging you a lot more than he is paying on your overnight position.
…I’ve also been following the thread about off-shore brokers…Are there a couple brokers you would recommend?
No can do. You have to do the tough work we call [I]due diligence[/I]. And nobody, but you, can do it. What’s right for you depends on your personal situation. And it depends on emotional and subliminal factors which you probably won’t even know about until you start the [I]due diligence[/I] process.
You may find that you’re just not comfortable with the idea of trading with a broker in some location that you can’t even find on a map.
You may decide that you really want a broker staffed by English-speaking people in an English-speaking country.
Or, maybe the most important thing to you is not location, or language, or the regulatory authority involved, but low minimum initial deposit; or the lowest pip-spreads you can find anywhere; or the highest leverage you can find.
Maybe you insist on the MT4 platform. Or maybe you hate it. You get the idea.
That’s why broker websites are listed on that thread. And it’s why we are starting to add some basic metrics for each broker, like leverage and spreads.
Believe me, you’ll be much, much better off doing your own research, and making your own decision, than you would be if you took my recommendation, or anyone else’s.