The online brokerage firm eToro has made changes to how it charges fees for holding Contract for Difference (CFD) positions overnight.
We are making changes in two phases. Phase One went into effect on Monday, July 3rd.
Phase One: No Overnight Fees for Short Positions on Most Stocks
eToro is eliminating overnight fees for short positions on almost all (around 98%) of the stocks available. This change will greatly benefit eToro clients by saving them money, particularly if they have short positions.
This applies to all stocks that have a yearly fee for borrowing of less than 10%. Borrow cost refers to the fee for borrowing a specific stock to sell it short. Instead of paying the current 6%-8% fee, the new offering will have no cost for overnight fees on most short stock positions.
Read more: Forex trader addresses complaint against GAIN | Brokers Times
