The table below shows my analysis of the 12 long positions I had open during the period where the swap rates were increased dramatically.
Here is some information about my method:
- The “Lowest” and “Highest” values are based on my term of ownership, which is different for each instrument.
- I had to manually figure out the Sell Price and Exchange Rate in order to calculate the APR, so I might not be using the exact figures.
- I can no longer access the price history for Bitcoin or Ethereum, so I just had to use the final sell prices at 01:00 on 27/11/2020, which were $17375.79 and $523.28 respectively. In reality the APR would’ve been higher whenever the actual price was below these levels.
- My APR calculation is based on the amount of money “borrowed” for leverage. For example, if a share was purchased for $500 at 20% leverage, then it cost $100 and the remaining $400 was effectively loaned by Trading 212. However, when Trading 212 increased the leverage on stocks to 50% on 01/12/2020 then the same share suddenly cost $250 and the loan reduced to $250. Despite this, Trading 212 maintained the same swap fees. This explains the increases shown on 01/12/2020 in the table. I’m interested to hear if this is a legitimate way to consider the APR on CFD positions.
| 20/11/2020 | 21/11/2020 | 22/11/2020 | 23/11/2020 | 24/11/2020 | 25/11/2020 | 26/11/2020 | 01/12/2020 | Today | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lowest | Friday | Saturday | Sunday | Monday | Tuesday | Wednesday | Thursday | Tuesday | Highest | Wednesday | ||||||
| Code | Instrument | Type | Margin | Date | APR | APR | APR | APR | APR | APR | APR | APR | APR | Date | APR | APR |
| AMZN | Amazon | buy | 20% | 10/11/2020 | 12% | 12% | 17% | 18% | 35% | 34% | 56% | 03/12/2020 | 58% | 58% | ||
| AAPL | Apple | buy | 20% | 02/11/2020 | 8% | 9% | 15% | 15% | 35% | 34% | 56% | 15/12/2020 | 58% | 58% | ||
| BTCUSD | Bitcoin | buy | 50% | 30/04/2020 | 15% | 32% | 36% | 41% | 75% | 225% | 445% | 402% | 25/11/2020 | 445% | ||
| DBX | Dropbox | buy | 20% | 01/11/2020 | 10% | 12% | 13% | 14% | 14% | 14% | 22% | 13/12/2020 | 52% | 48% | ||
| ETHUSD | Ethereum | buy | 50% | 10/05/2020 | 11% | 29% | 35% | 42% | 82% | 236% | 453% | 403% | 25/11/2020 | 453% | ||
| FB | buy | 20% | 01/11/2020 | 12% | 12% | 15% | 15% | 35% | 35% | 56% | 07/12/2020 | 58% | 58% | |||
| XAUUSD | Gold | buy | 5% | 30/07/2020 | 4% | 5% | 5% | 8% | 9% | 9% | 9% | 08/12/2020 | 11% | 11% | ||
| MSFT | Microsoft | buy | 20% | 20/09/2020 | 12% | 12% | 16% | 17% | 35% | 35% | 56% | 08/12/2020 | 58% | 58% | ||
| PFE | Pfizer | buy | 20% | 17/11/2020 | 12% | 12% | 17% | 18% | 35% | 35% | 56% | 08/12/2020 | 58% | 58% | ||
| XAGUSD | Silver | buy | 10% | 24/11/2020 | 4% | 4% | 5% | 4% | 4% | 5% | 5% | 13/08/2020 | 4% | 4% | ||
| #ESDEC20 | SPX 500 | buy | 5% | 28/10/2020 | 2% | 2% | 3% | 4% | 4% | 4% | 4% | 08/12/2020 | 5% | 5% | ||
| TSLA | Tesla | buy | 20% | 30/08/2020 | 8% | 10% | 16% | 22% | 41% | 40% | 66% | 08/12/2020 | 68% | 68% |