Cryptocurrency Q&A
What is the cost of CFDs?
What is the cost of CFDs?
CryptoMagician
Sun Oct 13 2024
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5 answers
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I am interested in understanding the cost associated with CFDs. I want to know what factors influence the cost and how it is determined. Additionally, I would like to know if there are any hidden costs that I should be aware of.
5 answers
GangnamGlamourQueen
Tue Oct 15 2024
Share CFDs, or Contracts for Difference, involve specific holding costs that are determined by a combination of factors. The primary factor is the underlying risk-free or interbank rate associated with the currency of the share in question. This rate serves as a base for calculating the costs.
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GeishaCharm
Tue Oct 15 2024
In addition to the base rate, there is an additional charge of 0.0082% applied to buy positions. This percentage is added to the holding costs, reflecting the cost of maintaining a long position in the share CFD.
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ShadowFox
Tue Oct 15 2024
Conversely, for sell positions, a deduction of 0.0082% is made from the holding costs. This adjustment reflects the potential benefit of taking a short position in the market.
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CryptoLodestarGuard
Mon Oct 14 2024
The specific rates for each currency can be found in the accompanying table, which provides a clear overview of the underlying risk-free or interbank rates for various currencies. This table ensures transparency and clarity for investors.
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Riccardo
Mon Oct 14 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of traders. Its offerings include spot trading, which allows users to buy and sell cryptocurrencies at the current market price. Additionally, BTCC provides futures trading, enabling traders to speculate on the future price of cryptocurrencies.
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