If you carry a Share CFD position overnight, it will cause a financing cost or benefit. Finance costs/benefits will be on 100% of the value of your exposure. If you are long, you may have to pay interest to Tradeview Forex; if you are short, you may receive interest.
There is a daily financing charge or credit related to any CFD position which is held overnight. This is calculated using the following formula:
F = V x i / b, where:
F = daily financing charge
V = value of equivalent holding of the underlying financial instrument
i = applicable financing rate
b = 365 days
Your account will be debited a financing amount for each long CFD position that you hold, and will be credited a financing amount for each short CFD position that you hold.
The financing rates used are +/- 2%
If a position is held on a Friday or prior to a non-business day in the relevant market, financing will be applied on the number of days until the next business day.
For instance, for a position held at the close of business on a Friday, financing will be applied for 3 days if the next business day is a Monday.
When it comes to currency positions, the daily financing is calculated by using the one day interest rate differentials for the two currencies concerned. You receive the interest on the currency you have bought and pay interest on the currency you have sold, although the financing posting/adjustment will be made in one currency.
For a position held on a Friday or prior to a non-business day in the relevant market, financing will be applied on the number of days until the next business day.
For a position held at the close of business on a Friday, financing will be applied for 3 days, assuming the next business day is a Monday.
When trading CFD's on futures, your position will automatically be closed on the basis of the applicable time and date of the contract expiration listed. Positions will not be rolled over or extended beyond this deadline.
By entering into any CFD transaction with Tradeview Forex, you agree that Tradeview Forex is not responsible for any losses incurred as a result of the automatic closure of these positions at the time and on the date disclosed to you on each CFD.