NFE is used to calculate interest on your main (primary) account.
Net Free Equity (NFE) is:
• The value-dated cash balance of your main trading account, plus or minus cash balances on your sub-accounts in the same currency (disregarding any outstanding margin loans).
• Plus or minus any unrealised profits or losses from open CFDs, FX Forwards and Futures on your main trading account and sub-accounts in the same currency.
• Plus the market value of any FX Options on your main trading account and sub-accounts in the same currency.
• Minus any margin required for financing open positions on your main trading account and sub-accounts (including margin lending accounts) regardless of sub-account currency.
Please note, margin requirement for financing in Net Free Equity may differ from the trading margin requirement. See the full list of product financing margin rates used for Net Free Equity calculation here.
To avoid paying overdraft interest on your account you are required to hold sufficient funds in the relevant currency ensuring a positive Net Free Equity.
Interest is calculated daily and settled monthly - within seven business days after the end of each calendar month.
You can view the NFE details in Account Interest Details report:
- Navigate to the main menu
> Account activity and reports > Account reports > Download report > Account Interest Details
Additional information regarding Net Free Equity can be found by clicking here.
For sub accounts, interest is calculated based on adjusted account value.
You can see more details and examples how interest is calculated in this article.