Great question! We hold rates for customers for up to an hour and customers can only hold one rate at a time, so the risk is minimal - but we do price that risk into our business model.
Sounds open to abuse!
If so, can I see it?
If the rate moves in the opposite direction I cancel the trade and retry in half an hour.
I don’t know enough about forex to determine whether that’s a reasonable premium, but it seems like a pretty good deal at its face
Oh - and it's £3.
If you are majorly adversely selecting their liquidity provider, they will just shut you off.
It’s not an exchange.
Their overall risk to an individual account is a few 100, and very few accounts will try to do this.
So you will tie up your 1MM for a day or more to earn a small few pounds? Surely you can do better with some other investment scheme.
Also, chances are instant delivery costs (much) more than 3 pounds.
I wouldn't like to be banned and lose access to my $1M (even temporary) but you do what you want with your millions.
Imagine if you buy apartments and rent them for thousands $. Haha, sounds open to abuse!
No need to actually move anything.