78% of retail investor accounts lose money when trading CFD with this provider. You should consider whether you can afford to take the high risk of losing your money.
Yes, when holding CFD positions overnight, you will be charged an interest fee. The amount you receive or pay as overnight interest depends on the type of position (long or short) and the overnight interest rate of the instrument.
How do I calculate the overnight interest?
Quantity x Overnight Interest (instrument/position) * Number of Nights
If the traded instrument is Forex, the rate is calculated in the second currency of the couple. If your account is in a different currency than the traded instrument, then the current exchange rate between the two currencies will apply.
When is interest applied?
The overnight interest is applied at 22:00 GMT+1 (Monday to Thursday) for open positions. For positions held over the weekend, the fee is applied on Sunday at 22:00 GMT+1. You'll be able to find the overnight interest for your short or long position in the instrument's additional information through the web-based app or on our Mobile App.
