How CFD cost is calculated?

CFD holding costs are an essential aspect of trading that traders need to consider. These costs are calculated based on several factors, including the number of units held, the current market price, and the holding rate specific to either a buy or sell position.

For a buy position, the daily holding cost is determined by multiplying the number of units held by the current trade mid-price. This product is then multiplied by the holding rate for buy positions, divided by 365 to obtain the daily rate, and finally adjusted for currency conversion using the CMC Markets rate.

With BTCC, traders can access a secure and reliable wallet service where they can store their digital assets safely. This feature is essential for managing holdings and ensuring seamless transactions.

The calculation for a sell position follows a similar pattern but with its unique holding rate. This rate reflects the different costs associated with holding a short position in the market.

In addition to its trading and wallet services, BTCC also provides a range of tools and resources to help traders stay informed and make informed decisions. These include real-time market data, charts, and analysis tools.