Holding crypto position

[Mmike]

Hi, I want to know how long am I able to hold a crypto position, mainly Bitcoin. Is there a time limit for that? Or it stays opens until any of the stoploss/takeprofit are triggered?

What are the daily fees of holding such positions? 

Thanks

Mike

[Caseynotes]

12 minutes ago, Mmike said:

Hi, I want to know how long am I able to hold a crypto position, mainly Bitcoin. Is there a time limit for that? Or it stays opens until any of the stoploss/takeprofit are triggered?

What are the daily fees of holding such positions? 

Thanks

Mike

Hi, yes you can hold the position open for as long as you like but being traded on a leveraged platform you are lending to buy and so there are overnight interest fees.

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-