Cable fees in spread bet account

[BASA]

Hello, 

I have had a look at the formulas for fees but it’s somewhat confusing, can someone simply tell me roughly what fees I am likely to encounter if I open a position on cable in my spreadbet account and keep it long term, ie months.

 

Thanks

[Caseynotes]

1 hour ago, BASA said:

Hello, 

I have had a look at the formulas for fees but it’s somewhat confusing, can someone simply tell me roughly what fees I am likely to encounter if I open a position on cable in my spreadbet account and keep it long term, ie months.

 

Thanks

Hi, if you intend to hold the position open for more than a week or two then the most cost affective means is by using the Forwards (Futures) chart (see dropdown arrow next to asset name top left corner.

On a Forwards contract there are no overnight interest fees so you only pay the spread (a bit higher than the DFB spread) which is repaid every rollover (normally 3 months).

[BASA]

7 minutes ago, Caseynotes said:

Hi, if you intend to hold the position open for more than a week or two then the most cost affective means is by using the Forwards (Futures) chart (see dropdown arrow next to asset name top left corner.

On a Forwards contract there are no overnight interest fees so you only pay the spread (a bit higher than the DFB spread) which is repaid every rollover (normally 3 months).

Thank you so much, re the spread, do you mean the size of spread is re-adjusted every three 3 months?

[BASA]

Also noticed the cable and other majors aren’t available with the forward market.

[Caseynotes]

3 minutes ago, BASA said:

Also noticed the cable and other majors aren’t available with the forward market.

The spread may change depending on market conditions but needs to be paid again to roll the contract over for the next 3 month period.

see pic below - click on the Mar or June contract to bring up the chart.

ps futures not available on the mt4 platform.

[BASA]

Thank you very much, maybe because I am using the app, I will try my desktop version.

 

thank you so much