Forex Swap Rates

[Willsell]

Wow! the brokers are getting greedy. The new swap rates are outrageous. it is synonymous with brokers charging commission per transaction in addition to the spread. I may be forced to scalp.lol

Is this swap rate uniform amongst all brokers ?

[Alpe]

Guess you are using IBFX? I was inform by them the sawp increase by 2 to 3 times of spread due to today high volatility environment...

[Willsell]

Guess you are using IBFX? I was inform by them the sawp increase by 2 to 3 times of spread due to today high volatility environment...

Yes and their justification is a bunch of crap translated(greedy bass terds)

[alan]

Yes and their justification is a bunch of crap translated(greedy bass terds)

lol, yeah but keep in mind that their liquidity providers are increasing swap rates too! I think we are the victims of the trickle down pass the expenses to the consumer effect. On the other hand it could very well be that they're greedy. I'd be more inclined to believe the former explanation as I've seen other brokers change their swap rates too (FXDD I believe is another one if I'm not mistaken).

It really does suck for FAPS users though as often we find ourselves holding on to a losing negative swap position for a long period - long enough that the swap charges outweigh the 20 pip profit!