New Daily Funded Bets
On 2 April we launched our new Daily Funded Bets (DFBs) to replace Daily cash bets on stock indices, sectors, forex, shares, gold and silver.
Our new DFBs offer our tightest spreads without the inconvenience of daily rollovers.
Why are we launching DFBs?
We are reacting to what our clients have asked us for: simpler statements that are cleaner and easier to manage.
With DFBs you will now see your true profit and loss for each position you hold, uncluttered by multiple rollovers across a period of time.
How do DFBs work?
DFBs have a long expiry date of April 2016, but just like our existing Daily cash bets you can close your position at any point before this.
Current Daily cash bets expire each day and are subject to a rollover charge. With our new DFBs we will make a cash adjustment to your account to reflect the funding costs of your position for each day that the bet remains open.
For more details on overnight funding and dividend adjustments, as well as how we managed any open positions that clients had on 2 April, please see our DFB section.
You can also view our detailed examples of how DFBs work.
Updated: 04/04/11
- Related Info
- Daily Funded Bets
- Indices Spread Betting
- Forex Spread Betting
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