Recent content by obe24

Interesting That's about the same time that my trouble with Crown started also. What amount are you out? By my calculations Crown owes me $75,000.00. I still have not been able to get a single thing from them in writing. I even tried to just get an activity report - they won't even...

You are correct Yes, if the broker is acting as a true broker and simply moving your trade on to the interbank market, then they will make the spread on your trade minus the smaller spread on the interbank market, plus the difference in the swap. However, like I said, I don't think many...

OK, I'll bite Lay it on us, what are the two websites you are referencing?

Two suggestions Interactive Brokers and Think Or Swim. Check em out.

FXDD I haven't traded with FXDD for awhile, but I believe they allow hedging and they seem pretty good about holding spreads (and even swaps) steady.

Swiss regulators Anyone have any suggestions on official channels and or contacts with Swiss regulators? Anyone have experience with them? Thanks. I know Crown is regulated by an org that is overseen by the Swiss government, so I'm hoping that there will be some chance of recourse there...

I realize I need 10 posts in order to submit a qualified scam ticket - but I'd like to put this out there as a warning to anyone else that has funds with Crown. The short version is that a couple weeks ago, I had 10 contracts open at the close of business on Friday. Come Sunday evening at...

No I have used five different brokers, and I have never seen or heard of such a thing. Sounds pretty fishy.

Swap The swap is the difference in the interest rates between the two currencies in the pair you are either buying or selling. Again, because you are borrowing one to buy the other, there is a difference in the rate and that must be accounted for. The swap does this. For instance, in a...

Beginners Bootcamp There's alot of good stuff in the beginner's bootcamp section of these forums. I would suggest you go there. As to your specific questions, I don't know about #1, but for #2 it's important to remember that in your example you are BORROWING Pounds to buy Euros, which is...

Its all relative Yes, the perception is that the $ has already received its shock and others have not, so relatively speaking, there should not be as much risk priced in. The time of the close correlation of the daily US equity markets and the $ are over. The equity markets will continue to...