The overnight interest for CFD products on US stocks is charged based on the annualized 4 of the contract value of the position actually held by the customer. The formula for calculating overnight interest is as follows:
- Lot size * contract size * market price * long or short overnight interest (4) * trading days / 360 days
Buy 1 lot of Tesla stock CFD, the market price is 999 US dollars, hold the position overnight for one day, the overnight interest is 1.11 US dollars, the calculation method is as follows:
- Lot size (1) * contract size (10) * market price (999) * long/short order overnight interest (4 ) * trading days (1) / 360 days = 1.11
For details, please check the overnight interest information for more US stock CFD products in the product specifications of MetaTrder 4 or Doo Prime official website - overnight interest.