Cryptocurrency Q&A
Can you be charged for holding CFDs overnight?
Can you be charged for holding CFDs overnight?
Lorenzo
Sat Oct 12 2024
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6 answers
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I am holding some CFDs and was wondering if there are any charges for keeping them overnight. Do brokers typically levy fees for such holdings, or are there specific conditions under which these charges apply?
6 answers
Pietro
Mon Oct 14 2024
Conversely, for short positions, you may receive overnight interest from the broker, as you are essentially lending the asset to the market. The amount of interest received will also be based on the overnight interest rate of the instrument.
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DigitalDragon
Mon Oct 14 2024
When engaging in CFD trading, it's important to be aware of the potential for overnight interest fees. These fees are applicable when holding CFD positions overnight, regardless of whether the position is long or short.
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ShintoMystic
Mon Oct 14 2024
The amount of overnight interest charged or credited to your account depends on several factors, including the type of position you hold and the overnight interest rate of the underlying instrument.
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CryptoPioneer
Mon Oct 14 2024
For long positions, you may be required to pay overnight interest to the broker, as you are essentially borrowing the asset to hold the position. The amount of interest paid will be determined by the overnight interest rate of the instrument.
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Pietro
Sun Oct 13 2024
It's crucial to understand the implications of overnight interest fees before entering into CFD trades. These fees can significantly impact the profitability of your trades, especially if you hold positions for extended periods.
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