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Old 07-24-2007, 12:37 PM
 

Join Date: Jul 2007
Posts: 1
Question Broker that offers interest on cash balance

Currently, I am with FXCM. Support has been great and execution is great. They have also improved their online interface, some more improvements could be done. But very happy.

Generally, I keep about 1/2 of my money as "cash reserve". This is used when I feel a good trade is coming. More of a hobby for me. Ideally, always looking to keep 50% cash reserve.

Is there a broker that pays interest on money that is in the account? Not rolling interest when a currency pair is purchased - - rather simple interest (like a bank account?)?
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Old 07-24-2007, 01:46 PM
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Join Date: Jun 2007
Posts: 130
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STIFX forex trading, forex trading education, forex brokerage, forex mini account, online forex trading, managed forex trading, best forex broker - they pay interest for the money in account.
Oanda OANDA, The Currency Site: Foreign Exchange Services and Trading - they pay also interest
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Old 07-24-2007, 01:46 PM
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Oanda for sure does.
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Old 07-26-2007, 01:25 PM
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There is someone in another thread saying Oanda's interest rate is no match for manfinancial.com.sg 's. I suggest you check them first before going for Oanda, if highest interest payment is the chase ( well, I am! )

PS: to see which one im referring to, search for Carry Trade in Rate my broker and go to the one with trusting broker (thats what it sounds like) and there is a user called tropical viking just on the first page around the first few from the top
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