Our Charges
Interactive Investor Discretionary CFD Trading charges no management fees for actively managing a portfolio on your behalf. You will however be charged a small percentage of the overall value of the trade. This charge is 0.3% of the total consideration for each trade.
Our strategy is not to hold positions overnight but in some instances it may be necessary. In that instance a financing charge/credit is applicable.
On a Long position (BUY) you would pay interest @ 1.5% above LIBOR
On a Short position (SELL) you would receive interest @ 1.5% below LIBOR. (If LIBOR falls below 1.5% you will receive no credit).
The following are examples of the commission charges and financing as the positions were held overnight, these are based on real trades executed by the team this year on an actual customers account.
Short Trade
| Transaction | Stock | Date | Price | Amount Invested | Total Consideration | Commission Charge | Financing Credit |
|---|---|---|---|---|---|---|---|
| Opening trade (SELL) | Exxon Mobile Corp | 13 February 2009 | $75.305 | $3,388.73 | $33,887.25 | $101.66 | |
| Closing trade (BUY) | Exxon Mobile Corp | 17 February 2009 | $72.707 | $3,388.73 | $33,887.25 | $98.15 | £ - |
Profit on trade before charges $1,169.10 and after charges $969.29
Note: If the Libor rate was greater than 1.5% a financing credit would have applied
Long Trade
| Transaction | Stock | Date | Price | Amount Invested | Total Consideration | Commission Charge | Financing Charge |
|---|---|---|---|---|---|---|---|
| Opening trade (BUY) | Marks & Spencer | 20 January 2009 | £2.248 | £7,194 | £71,936.00 | £215.81 | |
| Closing trade (SELL) | Marks & Spencer | 27 January 2009 | £2.313 | £7,194 | £71,936.00 | £222.05 | £35.52 |
Profit on trade before charges £2,080 and after charges £1,606.62