Help with CFD Swap Costs

🤝 Help
1

Hi all, I was wondering if anyone can help me out. I have been investing and day trading on T212 for a few months now. I am thinking of buying a reasonable sum of CFDs to hold for around 2/3 months.

My understanding of swap costs is that the cost per night is the value stated under the instrument details multiplied the position size.

For example let’s say I have a CFD position with the following spec

Position size: 25
Long swap cost: -0.0857
Cost per night: -2.1425

This would be the cost debited to my account each night that I have the position open with some variability based on dynamic swap costs.

Is my understanding correct? I would greatly appreciate some help!

2

That’s correct, and 3 times that over the 3 nights of a weekend. About 25x7x0.0857 per week charged in the same currency as the instrument is priced.

3

Thanks! Do you know if the fee is subtracted from the position or from the free funds?

4

It is taken from free funds.