I did 2 rough papertrades on IG Markets' PureDeal demo platform and can't fully understand how they arrived at the "Controlled Risk Premium." Thought I'd get a faster answer here.
BUY WorleyParsons Ltd
Closed 21/01/2010 $24.26
Opened 20/01/2010 $24.71
CR Prem. -47.96
SELL Fortescue Metals Group Ltd
Closed 21/01/2010 $5.02
Opened 20/01/2010 $5.16
CR Prem. -111.97
Commission is 0.1% and Guaranteed Stop Loss (used for both WOR and FMG) is 0.3%.
I have no queries with the buy WOR transaction, although I don't see where the interest component is. With the sell FMG, I don't understand where the -111.97 controlled risk premium came from. It's just over 2X the 0.3% I was expecting? Again, the interest is not indicated (there were other fields in the transactions page that I've left out here, but only because they were blank).
Thanks for any help. Totally new to CFDs.