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Going long on a spread bet


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Posted

I've picked up a trade that I think will be going well for a good period - I think I got in as it bottomed out. Am I able to just keep that long spread bet position open as long as I wish, as long as funds are in the black etc?

Posted
15 hours ago, jno73 said:

I've picked up a trade that I think will be going well for a good period - I think I got in as it bottomed out. Am I able to just keep that long spread bet position open as long as I wish, as long as funds are in the black etc?

Hi @jno73

Thanks for reaching out. 

If it is a Spot contract and not a futures contract, yes you can. You would be charged overnight funding and would be required to keep your account in a positive balance to avoid margin call

All the best, 

OfentseIG

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