I am unsure how much is the interest rate of CFD, as it is not very clear.
Share financing is around 3%, which is quite clearly stated.
So I did a rough estimation.
From the daily emails they send, I pay around S$3.70 a day including currency conversion fee.
Multiply that by 365, I pay $1,351 a year.
My total position is around S$49,000.
So interest rate is around 2.7%.
No comments:
Post a Comment