At Spread Co, we aim to keep the cost of holding a position low. For example, our financing charge for long index and equity positions, conducted in GBP, is LIBOR +2%, a competitively low rate.
If you conducted the trade or bet in USD or EUR, then US LIBOR or EURIBOR is used, respectively.
For short positions, our financing rate is based on LIBOR for bets in GBP, US LIBOR for bets in USD, and EURIBOR for bets in euros. Typically, we would credit you based on the total value of your overnight position using, for example, LIBOR minus 2%. However, this can only result in a credit to your account when the appropriate interest rate is above 2%. When interest rates are low, some companies insist on charging you for short positions. We make no charge for short index positions at Spread Co.