Thread: Oanda spreads go back to normal @ _____ GMT

Originally Posted by ;

I do not know the rate!!! Sorry... but on a 2K account... it is about $1 per day... much superior than my bank would offer... and I presume FDIC is only leasing a particular amount per dollar.... Maybe not 100 percent... I might be wrong though...

And lose all profit because disperse was widen to 30 pips and you didn't anticipate this. lol. Had bad experience with them.
It's private opinion.

Originally Posted by ;

does curiosity will given during weekend as well?

Yes.

Hmm... I have been keeping liquid cash in paypals money market at something like 4.6%. It could be advantageous to have it already in the broker.

Tiki,

I am looking for advice not wanting to become negative or contrary. Are you sure you're getting $1 per day to a $2000 account balance? Unless my math is wrong that's above 18%. I would assume that the demo account gets the exact same curiosity as a stay account and my demo account of 1000 earns about $0.14 per day which (again trusting the math) is around 4 percent. Is my math wrong? I know that you can readily get $1 a day attention with a positive swap, but when I can get that on my account balance with Oanda it would be great!

Originally Posted by ;

I don't understand the rate!!! Sorry... but on a 2K account... it's about $1 per day... far better than my bank would offer... and I think FDIC is just insuring a particular amount per dollar.... Maybe not 100%... I'm wrong though...

Originally Posted by ;

Hmmm, too bad it's not FDIC insured.

What's the current rate? How is it determined?

4.15percent is the rate at the moment.

http://www.oanda.com/products/fxmath/interest.shtml

On 2K the curiosity is about 23 cents a day.... Hope his aids. .
Open a demo account and examine it...

Somebody can post the formulation of interest calculation?

Is it = Account Amount x Interest% / 365 Days

Originally Posted by ;

somebody can post the formula of interest ?

Is it Account Amount x Interest% / 365 Days

yes

Originally Posted by ;

somebody can post the formulation of interest calculation?

Is it = Account Amount x Interest% / 365 Days

This really is an excellent calculator to compute your daily interest rate:

http://www.csgnetwork.com/simplesavi...lyintcalc.html

The calculator will probably be off somewhat for longer periods, as with Oanda you get basically countinous compounding of interest payment, whereas I assume this calculator uses the banking standard of quaterly compounding (or none at all). Its not that much over a year tho, but somewhat better than'normal' banking regular.