Plus500: conversion on net P/L, not full notional
Illustrate the up-to-0.7% charge on relevant net P/L while separating financing.
The charging base
The FAQ applies up to 0.7% to realised net P/L for differently denominated instruments, reflected in unrealised P/L. This is not 0.7% of full notional exposure.
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Diagram explained
Do not apply 0.7% to full notional
- Assume USD 20 loss + USD 0.20 funding
- 20.20 × 0.7% = USD 0.1414
- Total before FX/rounding: USD 20.3414
A loss-plus-funding example
Assume USD 20 gross loss plus USD 0.20 financing requiring conversion. At an assumed 0.7%, the charge is 20.20 × 0.007 = USD 0.1414; illustrative total USD 20.3414 before rounding and actual FX conversion.
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The rate can change
The FAQ allows the percentage to change. Record the current Details rate and account currency rather than treating the advertised maximum as universal. Both exchange-rate movement and charges can affect the debit.
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Keep cost columns separate
Spread, financing and conversion have different inputs. Including funding in the example’s net P/L and adding it again double-counts it. Reconcile individual history entries under the actual CFD account schedule.
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Official plus500 source Official plus500 source Official plus500 source
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