See your opportunity, trade it for less. Once we have the Tom/Next rate, we take the 10pm EURUSD spot rate (in points) and multiply by IG's charge of 0.3% (or 0.8% for CFD mini or Spread Betting deal), which is then divided by 360 days to get an overnight value. You’re long £100 per point on the Volatility Index, T2 - T1 = 31 days P2 price is 15.50 P3 price is 16.50 Basis = (16.50 - 15.50) ÷ 31 = £0.03 IG charge = 15.50 x 2.5% ÷ 365= £0.001, Adjustment = £100 x (£0.03 + £0.001) = £3.1*. CFD, share dealing and stocks and shares ISA accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. Trade spreads from 0.4 points on key FX pairs like EUR/USD, 0.8 points on major indices like the Germany 30 and FTSE 100, and 0.1 points on Spot Gold. Number of contracts x value per point x stop distance: E.g. It is a key indicator for other interest rate charges, which is why we use it as a basis for calculating our overnight funding fees for your share and stock index trades. Formula for commodities overnight funding adjustment = nights held x (trade size x (basis* +/- IG charge**)). Fees Charged In IQ Option. IG Overnight Fees – 9PM or still 10PM Forums › ProRealTime English forum › General trading discussions › IG Overnight Fees – 9PM or still 10PM This topic has 0 replies, 1 voice, and was last updated 4 hours ago by GraHal . Get spreads from 1 point on the FTSE 100 and Germany 30, and US Crude spreads from just 2.8 points. In between these two expiry points, our price gradually moves from the price of ‘A’ towards the price of ‘B’. You’re short two contracts on the US Tech 100, Cost = 2 x $100 x 6957 x (2.5% - 1.53%) ÷ 360. The overnight financing is then calculated as: (1,000 CFDs x 450 price) x (LIBOR +2.5%)) / 365 £4,500 x 5.5% / 365 = 68p It rises again the next day, reaching 600 (the sell price). It is very useful and simple to create a watchlist where you can track the products you are most interested in and can have added functionalities like these, which are not available on the standard product lists. Our default setting is instant conversion and we also offer daily conversions. If you’re long, you pay LIBOR (or the equivalent interbank rate). The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. If the rate is a negative number you will be charged, because the interest rate on the currency you are buying is lower than the interest rate on the currency you are selling. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Anyone can advise? Our team reviews these changes on a monthly basis, so it may take some time to update your account. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Subscribing to real-time charts costs $40 per month. If the relevant interbank 1-month rate is 0.5%, you would be charged 2.00% (annualised). Cheers Bob. 1) The formula for calculating the Overnight Basis Adjustment is as follows:  Overnight Basis = (P3 – P2)/ (T2 – T1)  T1 = Expiry date of the previous front future  T2 = Expiry date of the front future  P2 = Price of front future  P3 = Price of next future  For the below explanation we will call the undated futures contract price 'P'. The '˜Offer' is negative, because currently there is a higher interest rate on USD than there is on EUR. = 31.95 / 360 Trade CFDs, and you’ll find our tightest spreads on our standard contracts, with wider spreads on some mini and micro contracts. With share CFDs you deal at the real market price, so we don't attach our own spread. 1,000 Tencent Holdings shares at a price of HK$562: Value per point x stop distance (in points) + limited risk premium. IG website states 10 pm, but best to be sure? Margin requirements for CFD positions with non-guaranteed stops are capped at the amount of margin for no stop (ie if the stop is wide then the calculations used may give a higher margin requirement than the calculation for no stop. If you were long one main lot, you would do 'Number of Contracts x Contract Size x Tom Next Rate'. = 0.47875 Number of shares x share price x margin percentage. To price these markets we use two futures contracts on the underlying commodity. Smaller trade sizes generally benefit from better market liquidity and these positions attract our lowest margin rates. Commodities Margin Tiers (CFD, Retail), PDF (785 KB) We charge a $18 fee on the first of every month, if no trading activity has occurred for two years or more. Thanks IG,  this is very useful, before I thought there were not difference between mini contract  and regulars. Borrow charge: When you are shorting a stock via a DFB spread bet or cash CFD, you will incur a borrow charge.


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