RE: ??30 Mar 2021 23:16
Thought overnight charge only applies to 'Cash bet', which ends each day when market closes? For 'Foward bet' there's no charge until the bet ends (IG platform currently have Jun-21, Sep-21 & Dec-21). The longer the bet, bigger the spread. In relation to share price, an example of a US share I'm looking at:
Cash bet: 0.12%
Jun-21: 0.52%
Sep-21: 0.59%
Dec-21: 0.66%
One thing do my headin is, the three 'Foward bet', actually have different share price too... longer the bet, higher the price.... wondering what if IG(or the market) expects the share will decline over time... The logic of forming base prices of 'Forward bet' is beyond me....:( Assuming this part doesn't change, then cost is lower than paying Forex to my share dealer.... assuming I get the postion closed before bet ends...