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Finance Charges

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@thehillwalker,

Also if you are a complete newbie then may I suggest starting at £0.50p per point in the US Tech until you have seriously tested your trading strategy on a live account with real money.  

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(£3 x whatever value the US Tech is that night) x (US Libor + 2.5%) /365

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To confirm as stated above 

If underlying instrument currency is USD

Size × closing price × US LIBOR +/–2.5% ÷ 360

If you're long assuming US Tech of 6948

£3 x 6948 x (2.5 + 2.5)% / 360

20,844 x 5% / 360 

£2.89 

 

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