Financing
A financing cost or benefit is incurred for any CFD contracts held open each day. The finance rate is applied to the full notional value (or face value) of your position. If you hold a long ‘buy’ position you will be charged interest, if you hold a short ‘sell’ position you may receive interest from FP Markets.
Interest Rates on CFD Positions
Based on the notional or face value of open CFD contracts held open each day, interest is debited from and/or credited to your CFD account on a daily basis on the next trading day.
The interest rate charges for open CFD contracts are set out below. Interest is calculated by multiplying the number of CFDs by the closing price, multiplied by the applicable interest rate, divided by 365 days.
Short Borrow Fees
Short Positions – Stock borrow fee’s may apply starting from 0.5% pa.