Holding FX CFD Overnight
- This topic has 1 reply, 2 voices, and was last updated 9 months ago by
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Andreas,
Careful, because you selected the third tab for the 0.3. If that is intentional, then fine. Maybe you better work with the 2nd tab (see below). And I think you would first need to prove yourself (do the required amount of trades first, then claim the better level).
I don’t know any more what happens when you’d these days have a Euro account**, while you will trade USD (EUR/USD). But I suppose the interest you will pay is double (you loan both the EUR and the USD), and not only overnight for that part (read : always). The overnight costs is the varying interest rate. I’d need to look it up, but my estimate would be just over 4% currently (this is annual).
Also keep in mind the minimum investment, which would be 25K USD (thus that is the minimum trade amount).
**): But you can free of cost convert your portfolio to USD. Of course you would be subject to the EUR/USD immediately. Although … I see a Norwegian flag. Ah … OK, so then maybe no EUR/USD but another hint : NOK/USD etc. has a quite large spread (this is about the NOK part). So much so that I would not like to trade (with) it. But anyway, convert your portfolio to USD and you’d have that part covered.
Of course you would be subject to NOK/USD changes right away, which only counts if you plan to ever convert back (think that you won’t and that issue vanishes). Converting back is also free (like with withdrawal), but only when you do that once par month
Sorry for answering unasked questions. 🙂
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