IG Introduced feature to help traders to calculate overnight funding fees

IG, the popular trading platform, has introduced a new feature that helps traders calculate overnight funding fees on open FX positions. This feature is especially useful for traders who hold positions overnight, as they need to pay an overnight funding fee. With this new feature, traders can easily calculate the fee and plan their trades accordingly.

According to IG , If you hold a short-term trade and want to keep it open overnight, youll be charged a daily interest fee. This charge will be applied to cash CFD positions held through the daily cut off time.

The overnight funding fee is calculated based on the size of the position and the interest rate differential between the two currencies being traded. IG's new feature takes into account these factors and provides traders with an accurate calculation of the fee. This helps traders make informed decisions about their trades and manage their risk effectively.

IG's new feature is a valuable addition to the platform, providing traders with a simple and effective way to calculate overnight funding fees on open FX positions. With this feature, traders can focus on their trading strategies and make informed decisions about their trades, without having to worry about the complex calculations involved in calculating overnight funding fees.

About IG

IG is a forex broker that was established in 1974. It is regulated by several financial authorities, including the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). IG offers a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies. The broker provides its clients with access to a variety of trading platforms, including the popular MetaTrader 4 (MT4) platform. IG also offers competitive spreads and a range of educational resources for traders of all levels.

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