Lower Interest on Cryptocurrency CFDs
We would like to inform you that after reducing the margin requirements for our Cryptocurrency CFDs, we are now lowering the interest rates on overnight positions in these instruments.
Effective from Thursday, 22 March, the interest rate on short positions is lowered from 8.5% to 3.5% plus the Fed Overnight Rate; and the interest rate on long positions is lowered from 43.5% to 23.5% plus the Fed Overnight Rate.
This means that if you are holding a short position in Cryptocurrency CFDs overnight, the Fed Overnight Rate (currently 1.5%) plus 3.5% annually will be credited to your account – which would amount to 5% annual interest.
On the other hand, if you are holding a long position in Cryptocurrency CFDs overnight, the Fed Overnight Rate (currently 1.5%) plus 23.5% annually will be debited from your account – which would amount to 25% annual interest.
The interest rate is calculated on an annual basis on the total amount of CFDs purchased or sold.
|Please note that Cryptocurrency CFDs are an extremely high-risk, speculative investment!|