On eToro, the overnight fees for trading Silver are small charges applied to your position if it is held open overnight. These fees, essentially interest payments, cover the cost of the leverage used and are based on the value of your position. The exact amount can vary depending on market conditions and is charged per unit per night for both Buy (Long) and Sell (Short) positions.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Silver is one of the regularly traded commodities that I have on my eToro portfolio and since I have been investing on this for years now, it has equipped me with valuable knowledge about the overnight fees incurred when positions are held open.
In this article, I'll be sharing these insights to prepare you for the potential rollover rates you may face while trading this particular commodity on the platform. Get ready!
Before we dive deeper, it's important to understand that trading Silver on eToro involves Commodity CFDs (Contracts for Difference). CFDs offer flexibility in trading assets like Silver, including options like leveraged trading and short selling. Unlike direct commodity acquisition, CFD trading incurs both spreads and overnight fees, the latter being our focus here.
Holding a Silver CFD position overnight with this broker results in a fee, which is relative to your position's value and serves as an interest payment for the leverage used. Additionally, Weekend Fees are charged for positions open over the weekend, typically at triple the overnight fee rate.
It's important to note that these rollover fees (overnight/weekend) can fluctuate based on global market conditions. Before writing this article, I checked eToro's fees page and noted that the overnight fee for Silver is $0.00313947 for Sell (Short) positions and $-0.00499453 for Buy (Long) positions, charged per night per unit. However, keep in mind that these figures are subject to change.
So how do you get these figures in real time? To determine the actual overnight fees for Silver, there are two methods:
In summary, if you plan to trade the eToro Silver commodity asset and need information on the overnight/weekend fees, you have two straightforward options. You can either consult the fees page on eToro's website for up-to-date information or directly access the Silver asset page on eToro, initiate a trade (without executing it), and view the fee details there.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
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51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
