What are the financing costs?

Any positions held at the end of the trading day may be subject to a ‘financing charge’ which is shown on an FXChoice account as ‘rollover’.

Our daily interest debit or credit amounts (from now on referred to as the ‘rollover’) are based on the total face value of the position.
Please note that the rollover detailed on MetaTrader is for 1 lot and not the minimum trade size.

Forex CFDs

• Each day, the rollover amounts per lot are shown in the Contract Specifications’ window. Forex positions that are open at the close of business on Wednesday will incur a 3-day rollover.

Crypto CFD

• Each day, the rollover amounts per lot are shown in the Contract Specifications’ window. Crypto positions that are open at the close of business on Friday will incur a 3-day rollover.

Indices CFD

• Each day, the rollover amounts per lot are shown in the Contract Specifications’ window. Index positions that are open at the close of business on Friday will incur a 3-day rollover.
• Applicable to most cash indices, dividend payments will be applied as debit/credit along with the rollover to your open positions. Adjustments will apply on the eve of the ex-dividend date of the constituent members of the relevant Index. The adjustment will appear as part of the rollover debit/credit on your statement.
  When an equity goes ex-dividend, the price of that equity theoretically decreases by the dividend amount. In practice, this does not always happen as many market forces affect an equity’s price. The amount of points an index cash CFD drops by is dependent on the weighting of the equity within the index. If more than one constituent equity of an index CFD goes ex-dividend on the same day, the amount of points each equity will theoretically cause the sector or index to drop by is added together to calculate the total amount of dividend points or ‘drop points’. FXChoice will either collect or
  pay dividends on the hedge positions that we have entered into against client-issued CFDs.
  Where an index is a Total Return Index, dividend payments will not be credited/debited.
  An example of a total return index is the DE30Index where the cash disbursements are reinvested back into the index.

Commodity CFDs

• Energy CFD
  WTICrude and BrentCrud: these are forward instruments, so no overnight credits/debits or dividends are applicable.
  WTISpot and BrentSpot: each day, the rollover amounts per lot are shown in the Contract Specifications’ window. Oil will incur a 3-day rollover on Wednesdays.
• Metals CFDs
  Each day, the rollover amounts per lot are shown in the Contract Specifications’ window. Positions that are open at the close of business on Wednesday will incur a 3-day rollover.