If you keep a Cash CFD position open overnight after 10pm (UK time) we will make an interest adjustment to your account, to reflect the cost of funding your position. We debit your account if your position is long, and credit your account for a short position – if the interbank funding rate is greater than 2.5%.*
For nearly all our markets, this is calculated in the same way for CFDs. When trading forex, the funding cost is calculated differently. See the table below.
Long positions | Short positions | Forex positions |
We charge 2.5%* above the relevant interest rate benchmark. | You receive the relevant interest rate benchmark, minus 2.5%*. | For forex positions, we charge funding based on the current tom-next rate. |
*3% on mini and micro CFD contracts