Ich beschäftige mich gerade mit verschiedenen Trading-Ansätzen und möchte gerne wissen, welche Option für mittelfristige Trades am kostengünstigsten ist.
Bei normalen Aktien ohne Hebel ist alles klar - man nutzt einen günstigen Broker mit niedrigen Gebühren. Aber ich möchte gerne mit Hebel arbeiten um bessere Renditen zu erzielen.
CFDs scheinen teuer zu werden:
Overnight-Gebühren von etwa 4-5% pro Jahr
Orderkosten und Spreads kommen dazu
Bei einem Beispiel mit 40.000€ Position über 4 Monate:
400 Aktien à 3ct Ordergebühr + 2ct Spread
Doppelt für Eröffnung und Schließung = 40€
Finanzierungskosten für 4 Monate = ca. 530€
Gesamt: etwa 570€
Margin Trading bei Interactive Brokers:
Ordergebühren: 2ct pro US-Aktie, mindestens 3€
Sollzinsen: ca. 4,8% EUR, 7,2% USD
Bei gleicher Position: nur 12€ Ordergebühren gespart
Meine Frage: Übersehe ich etwas wichtiges? Die Kosten scheinen bei beiden Varianten sehr hoch für längere Haltedauern. Gibt es bessere Alternativen für gehebelte mittelfristige Trades oder sollte man lieber unggehebelt handeln?
Your calculation shows exactly why I ditched CFDs for anything longer than a few weeks.
Tested both approaches - margin trading through IB wins if you can handle currency risk. Interest rates move around, but you skip those fixed overnight fees CFD brokers hammer you with.
Your math’s missing tax treatment though. CFDs get taxed differently than margin trades in most places, which can flip the real cost either direction.
For four month holds? I’d just use less leverage and take smaller positions. Those financing costs you calculated need some crazy market moves to break even.
Skip both - those holding costs will kill you over months. Four months of overnight fees cost more than most trades make. Your math’s right. Try warrants or structured products instead. You get leverage without daily interest charges. Premium’s upfront like options but usually cheaper for European stocks. Or just use the 40k without leverage on higher volatility stocks. Same profit potential, no financing drag.
Been trading both for years - your numbers are spot on. Those holding costs are brutal.
Here’s what nobody mentioned: some brokers let you switch between margin and CFDs on the same platform. I do this based on hold time. CFDs for quick trades, margin for longer holds.
Check if your broker has tiered overnight rates. Saxo and IG cut financing costs for bigger positions. Could save you 100-150€ on your example.
Honestly? After tracking trades for months, I noticed something. The overnight costs made me pickier about entries. Started making better trades because I had to justify those fees.
Still expensive though. For your 40k example I’d split it - 20k unlevered, 20k with 2x leverage instead of going full leverage. Cuts financing costs in half while keeping most upside.
Your calculation’s spot on. Those overnight costs add up fast when you’re holding CFD positions for months.
Been there, done that - honestly, both options suck for 4+ month holds with leverage. Financing costs just destroy your profits.
Here’s what I figured out after losing money to holding costs:
For medium-term trades, I switched to options. Long calls give you leverage without daily financing charges. You pay the premium upfront and know exactly what it costs.
If you’re stuck on CFDs or margin, hunt for brokers with lower overnight rates. Some charge 2-3% instead of 5%. That’d save you about 200€ in your example.
Another trick - I close positions before weekends to dodge triple charges, then reopen Monday if the setup still works.
But real talk? For 4-month holds, just go unlevered with a bigger account or shrink your position size. The math usually beats paying those financing costs.