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KlasFX , we are here to facilitate our customers’ experience and ensure that they have a smooth investment process. We’ve created this help page to help you. If you have any other questions, you can contact us.
CFDs
CFDs, or Contract for Difference, are financial derivatives that allow traders to speculate on the price movements of various assets without owning the underlying asset. With KlasFX, CFD trading enables traders to profit from both rising and falling markets across a wide range of instruments, including forex, stocks, indices, commodities, and cryptocurrencies.
KlasFX typically offers a diverse range of CFD markets, covering various asset classes, including forex currency pairs, stocks, indices, commodities, and cryptocurrencies. Traders can access these markets to speculate on price movements without owning the underlying assets.
The cost of CFD trading with KlasFX typically includes spreads, overnight financing charges (swap rates), and possibly other fees such as commissions or inactivity fees. It’s essential for traders to understand these costs and factor them into their trading strategies and risk management.
The CFD nightly finance charge, also known as the overnight financing fee or swap rate, is the cost or benefit incurred for holding a CFD position overnight. It is calculated based on the interest rate differentials between the two currencies of the CFD pair and is typically applied at 5:00 PM New York time. KlasFX provides details on how this charge is calculated and may offer positive (credit) or negative (debit) rates depending on the direction of the position and prevailing interest rates.
CFD orders typically don’t have fixed expiration dates. They remain open until the trader closes them or until automatic closure conditions, like reaching a stop-loss level, are met.
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