What is the Single Share 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 finance costs are determined by applying the benchmark rate plus a markup. For Single Share CFDs, the mark-ups may vary per product and change based on market conditions. Click here to see the current mark-ups.
To account for holding a position into the weekend, there is a 3X rollover on Fridays. Additionally there is no rollover on holidays, but an extra days' worth of rollover before the holiday.
To avoid rollover, you can close your position before Daily Market Close or 5PM EST and the charge would not apply.
Upcoming dividends may also impact overnight holding costs, for more information regarding Share dividends please click here.