Going long on a spread bet

[jno73]

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?

[OfentseIG]

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