- Capital.com eliminates overnight funding fees for non-leveraged CFD trades on shares and cryptocurrencies.
- The change reflects a growing trend of longer-term trading among retail traders.
In a significant move for retail traders, Capital.com, a leading FX and CFDs broker, has announced the removal of overnight funding charges for non-leveraged (1:1 leverage) CFD trades on shares and cryptocurrencies.
This decision is aimed at reducing costs for traders exploring longer-term investment strategies. Capital.com revealed that 89% of non-leveraged overnight positions in Q2 2024 were in stocks and cryptocurrencies, highlighting a trend towards longer holding periods in these markets.
On average, traders hold stock positions for up to 7 days and cryptocurrency positions for 4 days, compared to just 3 days for indices and commodities. Effective immediately, this change allows traders to keep their positions open longer without incurring additional costs.
However, this adjustment only applies to non-leveraged CFD trades on shares and cryptocurrencies and other leveraged trades and markets remain unaffected.
