Capital.com announced today (Monday) it will no longer charge overnight funding fees on non-leveraged contracts for difference (CFDs) trades for stocks and cryptocurrencies. The change eliminates certain fees for traders who maintain positions beyond a single trading day, potentially benefiting those who prefer longer-term strategies.

Capital.com Eliminates Overnight Fees on Non-Leveraged Stock and Crypto CFDs

The decision comes as Capital.com observes a shift in retail trader behavior towards extended holding periods, particularly in stock and cryptocurrency markets. According to the company's data, 89% of all non-leveraged overnight positions in Q2 2024 were in stocks and cryptocurrencies, compared to just 28% in commodities.

"Our data shows that retail traders are moving beyond day-trading to experiment with different trading styles, including taking longer-term positions in popular stocks and cryptocurrencies," said Dana Massey, Chief Product Officer at Capital.com. "To support them in this journey, we have taken the decision to remove funding adjustments for non-leveraged CFD trades on shares and cryptocurrencies ."

The platform's data reveals that traders holding overnight stock positions typically maintain them for up to 7 days, while cryptocurrency traders average 4 days. In contrast, positions in indices and commodities are usually closed after just 3 days.

With 0% overnight funding on popular markets like shares and cryptocurrencies, our traders have peace of mind to explore longer-term, investment style strategies without worrying about the additional cost burden,” added Massey.

The new policy, effective immediately, applies only to overnight funding on 1:1 leverage CFD trades for shares and cryptocurrency markets. Trades using other leverage ratios or on different markets remain unaffected.

Capital.com, which saw client trading volumes exceed $1 trillion in 2023, continues to adapt its offerings to meet the changing demands of retail traders. Among the mentioned changes was the July partnership with TradingView, a popular charting platform aimed at offering traders access to more advanced charts.

Personnel Changes at Capital.com

Recently, Capital.com has been notably active in the job market, alongside introducing new product updates. Last week, Patricia Lyn Dixon revealed on LinkedIn her recent appointment as the Global Head of Programmatic at Capital.com. She joins from Amazon Ads where she spent over two years as a Programmatic Solutions Consultant.

Earlier this month, the broker also welcomed Tarek Mahassen as the new Head of Risk for the MENA region. His move concludes a two-year period at Revolut where his final role was Group Senior Operational Risk Manager. Prior to that, Mahassen handled business risk management at a prominent London-based fintech company.

In another significant development this June, Campbell MacPherson announced that he has taken on the role of Chief Executive Officer for Capital.com’s operations in Australia. Before joining Capital.com, MacPherson was the Regional Director of Sales at FactSet, where he led initiatives to expand the company’s reach across various asset classes in the Pacific region.