Is there an overnight interest for Hong Kong stock CFD products? How to calculate overnight interest?

The overnight interest for Hong Kong stock CFD products is charged according to the annualized 4 of the contract value of the position actually held by the customer, that is, the calculation formula is as follows:

    • Lot size * contract size * market price * long or short overnight interest (4) * trading days / 360 days / HKD/USD exchange rate

Example:
To buy 1 lot of Xiaomi Group stock CFDs and hold the position overnight, the overnight interest is 0.26 US dollars, and the calculation method is as follows:

    • Lot size (1) * contract size (1000) * market price (18.252) * long/short order overnight interest (4) * trading days (1) / 360 days / HKD/USD exchange rate * (take 7.8 as an example) = 0.26

(*Note: The results shown above are for reference only, the calculation will be changed according to the real-time exchange rate conversion, and may differ from the actual interest charged)

For details, please check the overnight interest information of the Hong Kong stock CFD products in the product specification of MetaTrder 4 or Doo Prime official website – overnight interest.

Link: Doo Prime Official Site – Overnight Interest

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Trading in financial instruments involves high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding the investor’s initial investment could incur within a short period of time. The past performance of a financial instrument is not an indication of its future performance. Please make sure you read and fully understand the trading risks of the respective financial instrument before engaging in any transaction with us. You should seek independent professional advice if you do not understand the risks disclosed by us herein.

Trading in financial instruments involves high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding the investor’s initial investment could incur within a short period of time. The past performance of a financial instrument is not an indication of its future performance. Please make sure you read and fully understand the trading risks of the respective financial instrument before engaging in any transaction with us. You should seek independent professional advice if you do not understand the risks disclosed by us herein.