Hi,
Could somebody who has traded in oanda for some time give me an idea as to when their spreads return no ordinary after weekend?
A lot of thanks.
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Hi,
Could somebody who has traded in oanda for some time give me an idea as to when their spreads return no ordinary after weekend?
A lot of thanks.
Oanda spreads return to normal @ 8pm EST https://www.nigeriaforextrading.com/...1528630741.png
Thanks !
I just realized Oanda is paying attention on account balances https://www.nigeriaforextrading.com/...1528630741.png
Not just carry trades, but if you have money in your account, it
makes interest too.... sweet...
That is why I keep all my extra cash in there... at a sub account that I don't touch...!! Makes more there than at a checking account someplace and more than most savings accounts too...!!
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Originally Posted by ;
Hmmm, too bad it is not FDIC insured.
What is the current rate? How is it determined?
4.5% is your current rate... They basically average how muchis on your account on a second by second basis. . .So if youhave $10,000 in the afternoon for 12 hours and $12000 in the afternoonfor 12 hours, that days interest will be on $11,000
I don't understand the rate!!! Sorry... but on a 2K account... it's about $1 per day... much superior than my bank could provide... and also I presume FDIC is only insuring a particular sum per dollar.... Not 100%... I might be wrong though...
Quote:
Originally Posted by ;
Looks like my account is about a fraction over 5.5% (GBP account) I've just opened it and'm unfamiliar with it yet, only wanted to transfer my spread betting money somewhere else. The curiosity is a nice bonus!
Does interest will given during weekend as well?