What funding and interest charges do you apply to daily funded bets and cash CFDs?

If you keep a Daily Funded Bet (DFB) or 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. The interest adjustment is based on 1-month interbank funding rates (eg. LIBOR). 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 both spread bets and CFDs. For forex, the funding cost is calculated differently. See the table below.

Daily funded bets and cash CFDs

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

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.