According to IG's website, there are no overnight fees when you spread bet on futures - is this correct? And if so why?
Since it's a leveraged product, am I not effectively borrowing money when I spread bet, regardless of whether it be on spot on future?
I've read that the overnight fees are accounted for in the spread for the spread bets on futures, though it looks like the spot spread isn't much different from the future spread?
The reason I'm asking is because I currently have some gold and silver CFDs open with another broker, but they're starting to gather a lot of fees in