There are Many Reasons Why Forex Traders Choose FXTrade

Second-by-second interest—no rollover swaps

Other market makers apply interest rates once a day (typically 4 p.m.EST) for trades open at that time (and only at that time). Interest is typically calculated for a full business day. This is like your electric company ignoring your power usage during the day and basing your rate on how much you happen to be using at 8 p.m. (Forex Trader's Bill of Rights) To avoid this “rollover swap,” many traders choose to close their positions at the end of every day.

By contrast, OANDA FXTrade calculates interest rates continuously, by the second, over the entire 24-hour day for all open trades and unused account balances.

• Receive (or pay) interest based on the length of time you hold open trades, not on when you hold them. No matter how your positions may change during the day.
• Keep trades open for as long as you want, without worrying about rollover swaps.
• Receive interest on your entire account balance (regardless of account size).
• Know what you’re being charged, with access to current interest rates. Interest charges are posted to your account every day.

Discover FXTrade and see how it can make a difference to your trading style.