If $100.00 worth of a US stock is traded, the fee charged is $100.00 x 0.30% = $0.30. The total amount paid is $100.30.
If $100.00 worth of a US stock is traded, the fee charged is $100.00 x 0.20% = $0.20. The total amount paid is $100.20.
Daily Leverage Fee formula
(LIBOR + Pluang fee) / 360 days x units x price (USD)
3 Month LIBOR Rate: ~6%*
Regular users (9% per annum):
= (LIBOR + Pluang fee 3%) / 360 x units x price (USD)
= (6% + 3%) / 360 x units x price (USD)
= 9% / 360 x units x price (USD)
Pluang Plus Members (6% per annum):
= LIBOR / 360 x units x price (USD)
= 6% / 360 x units x price (USD)
See example
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