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rs

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9 minutes ago, rs said:

What are and when am I charged Daily Commodities Interest for 1 day Oil - Brent Crude?

Ric

Hi, when using a leveraged account to trade you are borrowing to trade long for a  'Daily Funded Bet' (DFB) and are charged interest on that loan if the trade is held open past 10pm.

Normally the charge is relatively small but due to the recent volatility in the oil price that overnight funding charge has become high. 

see more here;

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/why-is-overnight-funding-charged-and-how-is-it-calculated-

 

Edited by Caseynotes
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