So I can shuffle $1M between £ and $, costing £6/hour, and earning guaranteed money whenever the rate moves by more than 0.00003 in a half hour period?
Sounds open to abuse!
Sounds open to abuse!
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.
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.
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.
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.
If so, can I see it?
If the rate moves in the opposite direction I cancel the trade and retry in half an hour.