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 regardless of sub-account currency.
Cash collateral for NFE margin financing may differ from the trading margin requirement. See the full list of cash collateral for margin financing used for Net Free Equity calculation here.
To avoid paying overdraft interest on your account you are required to hold sufficient cash collateral ensuring a positive NFE.
Interest is calculated daily and settled monthly - within seven business days after the end of each calendar month.
You can view the NFE details:
- 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.