I have been trading IB FX Spot for a while. I like their transparency (not taking the other side), decent spreads, and fair commissions. However, I am not so happy about their interest earned and interest charged. It is bad enough that it seems very hard/impossible to earn any kind of carry... If I will earn nothing on carry, then I don't want to be charged for "short spot currency", either!!!
So I am considering IB FX Futures instead, where I can earn some interest on T-Bills on margin, and not be "charged for going short". However, outside of commissions, do I have to worry about fees to the CME or other hidden fees?
Does anyone have experience doing both IB FX Spot and Futures? What are your thoughts on this? Which do you think actually has the lowest overall cost?
Leverage does not matter for me, because I only use up to 2x for now.
So I am considering IB FX Futures instead, where I can earn some interest on T-Bills on margin, and not be "charged for going short". However, outside of commissions, do I have to worry about fees to the CME or other hidden fees?
Does anyone have experience doing both IB FX Spot and Futures? What are your thoughts on this? Which do you think actually has the lowest overall cost?
Leverage does not matter for me, because I only use up to 2x for now.