Anyone has long positions on CFD?

[obrienciaran]

@UVIRE

The swap does not make any sense. How do you work that out?

We talked about this yesterday! I explained how and even gave you a link from one of the T212 staff explaining how!

Tesla (-1.203640) Stock price: $838
Whitbread (-0.036027) Stock price 3,103p
Cineworld (-0.000769) Stock price 66.10p
BP (-0.003505) Stock price 24.76p
Shell (-0.019348) Stock price 16.67
GBP/USD (-0.000170) £1 = $1.36
GSK (-0.016382) Stock price 1,410p

Recent short trades:

EasyJet (-0.000760) Stock price 841

Take a look at the stock prices for each. They’re not comparable at all.

A question about swap

Hello @Alien, Swap is a compound value - it is calculated as a percentage of the price of the underlying instrument, which is dependant on variables such as the interbank interest rates (as you mentioned) as well as other conditions, concerning the market in question. You can see the cost of holding a position overnight in the instrument details.

A question about swap

The reason is the price of those stocks fluctuates a lot, which results in a different swap - if the price of the stock increases, so will the overnight swap that you will pay that night, if it decreases, swap will decrease as well. It is bound to the current market price, not related to your opening price.