Thoughts on CFD swap

[Lenos1980]

Because your confusing an overnight interest charges or swap rate with an annualised interest charge. Its not 45% interest overnight

"Interest" costs

Hi, I have an account value of around £90,000. My portfolio mostly consists of CFD stocks. I have been using this app for a few weeks now and things have been going well. However I am loosing over £110 per day in interest charges. I also think they charge interest on weekends as well as trading days. This works out to be over £40,000 a year in interest. So I have to make a minimum of £40,000 p/a just to break even. Any thoughts?