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Brokers to trade bunds for us-residents, other than IB?
Take this for what it's worth, but my guess is you need to pay for data. I know that through AMP Eurex data is 20 euros a month. I used to pay for that data when I traded Eurex. What I can't help with is how that works with TradingView. I've never used it.
Can you help answer these questions from other members on NexusFi?
While we're on topic, can anyone answer how your broker handles funds when trading an international currency, specifically how AMP does it?
I tried asking them and they didn't give a great explanation, but they said that if I'm trading the bund, gains and losses will be in EUR and that I can convert it back to USD every month or per request. To me that means my USD account balance does not need to be converted to EUR directly, but I will carry a negative or positive EUR balance, which will then be converted and added or taken away from my USD balance. Did I get this right?
Every FCM does things differently, but the essence is like this:
If you have a USD account, and you trade the Bund that is denominated in Euros, you will have gains and losses in Euro.
Assume you have a positive Euro balance, then it is left alone, and used against futures P&L and additional margin.
In the event of the loss, your balance could be carried forward for a certain period as long as it does not affect any USD denominated Futures. If the losses are big enough, in my experience, the FCM could convert it as soon as possible. They too do not want to to be exposed to currency risk.
Thank you,
Matt Z
Optimus Futures
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Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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