etoro spread changes

Etoro notifies about changes in Over the Weekend Fees, which are now the same as Daily Rollover Fees.

Also in the light of European Central Bank lowering the interest rates, eToro brings you attractive improvements in spreads:

 

Current

New

Change %

EUR/AUD

8

7

-13%

EUR/CAD

9

7

-22%

AUD/JPY

7

5

-29%

CAD/JPY

8

6

-25%

CHF/JPY

8

6

-25%

 

Adjusted Rollover Fees/Credits:

 

NEW

ANNOUNCED

Instrument

Sell

Buy

Sell

Buy

EUR/USD

0.00

-0.12

-0.23

0.01

NZD/USD

-1.52

0.17

-2.88

0.17

USD/CAD

0.06

-0.49

0.06

-1.12

AUD/USD

-1.00

0.16

-2.68

0.16

EUR/AUD

0.23

-1.51

0.23

-4.08

EUR/CAD

0.08

-0.72

0.08

-1.48

AUD/JPY

-1.05

0.16

-3.04

0.16

CAD/JPY

-0.56

0.05

-1.32

0.05

GER30

0.00

-1.01

0

-2.48

 

The changes above are already in action starting today June 15th, 2014.

Questions and Answers:

1.  Will I be charged the new overnight fees on positions that I have opened prior to this change?

Yes.  We will stop charging the Carry Over the Weekend fees that currently exist and will begin charging the daily overnight fees.  Therefore, any position carried over from June 16th, will be charged an overnight fee. 

2.  When will the overnight fees be charged?

The fees will be charged at 17:00 New York time. The fees will be charged for any position open at this time.

3.  How will I be able to see the overnight fees that will be charged?

You will be able to see the complete list of fees that we charge in the fees section of our     website.  Additionally, when you manually open a position, it will show in the confirmation window that opens prior to placing the trade.

4.  Are there overnight fees on commodities, stocks, or indices?

We are only charging overnight fees on our real-time instruments which include currencies, commodities and indices.  Currently, we are not charging overnight fees on Stocks.

5.  How will I be able to see how much I received or paid?

You will be able to view the fees and rebates in your account statement

6.  Will you be taking the overnight fee from the position or from the account balance?

For manual traders, we will be taking the overnight fee from the account balance.  For CopyTrade position, we will be taking the fee from the available copy balance.

7.  What if I do not have enough money in my account balance?

The system will charge the fee from the balance as detailed in question #6.  If you do not have available funds, it will create a negative balance.

8.  Will I be able to carry my trade over the weekend with 1:400 leverage?

Yes

9.  Will I be able to carry my trade overnight with 1:400 leverage?

Yes

10. Are Rollover fees subject to change?

Yes.  As market conditions change, we will evaluate if changes need to be made to the fees that we charge.  If this were to happen, we would give you notice to allow you to make changes to the positions that you have open or consider opening.

 

Note: Past performance is not an indication of future results. This post is not investment advice. CFD trading bears risk to your capital.

Add comment


Security code
Refresh