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What is the CFD financing cost?

At FXCM, the financing cost for your CFD trade is referred to as ‘rollover.' This is the interest paid for holding a position past 5 PM EST and is based on the size of the position.

The formula for financing cost is as follows:

[Last Close Price * [(Relevant Benchmark Rate/100) + FXCM's Markup]/Number of Days] * Trade Size * 0.1

Note that the financing markup for long positions on CFDs is +3% and for short positions is -3% for USD instruments and -2.5% for other instruments.

To account for holding a position into the weekend, there is a 3X rollover on Wednesdays for XAU/USD and XAG/USD and 3X rollover on Fridays for other CFD products. Additionally there is no rollover on holidays, but an extra days’ worth of rollover before the holiday.

Please click here to view a table that indicates how many days of rollover will be applied to open positions at 5pm EST on each trading day.

To avoid rollover, you can close your position before 5PM EST and the charge would not apply. 

Upcoming dividends may also impact overnight holding costs, for more information regarding dividends please click here.

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Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors, Relationship Disclosure Information Document, Before You Begin Trading

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.