CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
|Long positions||Short positions||Forex positions|
|We charge 2.5%* above the relevant interbank rate.
Eg. If the relevant interbank 1-month rate is 0.5%, you would be charged 3.00% (annualised).
|You receive the relevant interbank rate, minus 2.5%*.
If the interbank rate is greater than 2.5%,* we credit your account; if the interbank rate is less than 2.5%,* your account is debited.
Eg. If the relevant interbank 1-month rate is 0.5%, you would be charged 2.00% (annualised).
|For forex positions, we charge funding based on the current tom-next rate.
Tom-next shows, in points, the difference between the interest paid to borrow the currency that is being notionally sold, and the interest received from holding the currency.
*3% on mini and micro CFD contracts