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COST OF CARY
Overnight Cost of Carry ("Premium") is interest paid to or deducted on positions held overnight, based on the interest differential between currencies or the bank interest on other instruments.
Share CFD Trading
CFD positions held past 5PM EST (New York time) will carry a financing charge, as detailed in the "Reference Prices" window of your trading system. The cost is set at a rate of 4% to 12% per annum of the nominal value of the position, depending on the product. This equates to about $5 to $15 lot per day for most instruments. If a position is closed before 5PM EST, there will be no cost of carry charge.
Mini Share Trading
Mini Share CFD positions held past 5PM EST (New York time) will carry a financing charge as detailed in the "Reference Prices" window of your trading platform. This cost is set at a rate of 4% to 12% per annum of the nominal value of the position, depending on the product. This equates to about $0.50 to $1.50 per lot per day for most instruments. If a position is closed before 5PM EST, there will be no cost of carry charge. |
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