I want to invest in stocks for a long time so I opened a long position with United Health stock 5 days ago. But I have found that there is a swap fee when I hold this position more than one day.
I am going to open this position for 6 months but then swap fee will be more than my stop loss.
How can I solve this problem?
Is here anyone who knows free swap rate stock CFD trading platform, or a way to buy stock not CFD, just buy stocks I want?
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Just buy them on Robinhood. Don’t pay the swap to short USD.
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Thanks for replying me.
Is this for only US and UK citizens?
I’m not sure. It’s a US company.
What do you think about Interactive Brokers?
Yeah, that’s the problem with CFDs. They charge swaps if you hold long. If you’re planning to keep it for months, it’s way easier to just buy the real stock or use brokers that offer swap-free accounts. Either way, you avoid those long-term CFD fees.
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Ya to them you’re shorting the USD to buy Stocks. Probably with leverage too.
Can you recommend me that type of brokers?
Yeah, best move is to switch to a swap-free account so you don’t rack up those fees.