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Judging by product range, pricing and customer experience, MT5 Stock Broker ranked AAATrade first among 3 top stock brokers. We tell you what you need to know, but the decision is yours.
There are many misunderstandings when it comes to how long you can hold onto a CFD and when they expire. CFDs do not expire, meaning you can hold onto both long and short positions for as long as you have the necessary funds in your account to keep your position open. If you open a long position, for instance, your CFD contract can start to get quite costly once it hits the 6-week mark. This is because they attract levy financing charges, and you are essentially paying to keep your position open. For this reason, CFDs are mainly seen as methods of short-term investments. At the end of each trading day, if you hold a CFD you will incur a holding fee from your brokerage. So investors that use CFDs tend to only hold them short term.