News for hackers. Stuff that matters.

A comment on Show HN: World’s first £3 flat fee (0% FX markup) money transfer service. Parent comment

Re:Show HN: World’s first £3 flat fee (0% FX markup) money t... by opportune on Wednesday March 09, 2022 @04:02AM (#30612378)
It costs 6 quid to enter a reverse iron butterfly with like a 30m expiry on $1M of underlying.

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

[ Parent | on HN ]
Re:Show HN: World’s first £3 flat fee (0% FX markup) money t... by callamdelaney on Wednesday March 09, 2022 @05:17AM (#30612869)
They don't offer leverage.. and if you actually have £1m cash are you really going to break your balls for a couple of Great British Pounds?
[ Parent | on HN ]
Re:Show HN: World’s first £3 flat fee (0% FX markup) money t... by londons_explore on Wednesday March 09, 2022 @06:19AM (#30613306)
You only pay the £6 if you complete the deal. If you cancel midway, it's free.

Oh - and it's £3.

[ Parent | on HN ]
Re:Show HN: World’s first £3 flat fee (0% FX markup) money t... by opportune on Wednesday March 09, 2022 @12:21PM (#30617246)
3 quid per leg, 6 for the reverse iron butterfly position which is both legs
[ Parent | on HN ]