Leaving an open position for the next day:
For your open positions Trading 212 will credit or debit your account on a daily basis with an interest SWAP
Currency conversion charge:
No commission charges
Margin requirement for open positions:
For your open positions with Trading 212, margin requirement varies depending on the trading instrument
For major currency pairs - 3.33%; For non-major currency pairs - 5%
Gold - 5%; Other commodities - 10%
Base indices - 5%; Non-major indices - 10%
Futures Instruments Terms
Period of trading:
There is an exact date for the beginning and the ending of future contracts trading. These dates are determined on the website of the correspondent market for the future contracts.
Expiration of futures contracts:
Every futures contract has an expiration date. The expiration date is found in the name of the contract, for example, Oil-20May11. On the expiration date, all open positions will be automatically rolled over into a new contract e.g. Oil-20June11. If the client elects to turn off the auto rollover function, then on the expiration date the open position will be closed automatically by the platform.